great britain

EU launches legal action against UK

October 1, 2020

WORLD

The FINANCIAL — The European Commission has today sent the United Kingdom a letter of formal notice for breaching its obligations under the Withdrawal Agreement. This marks the beginning of a formal infringement process against the United Kingdom. It has one month to reply to today’s letter. Brussels had warned Prime Minister Boris Johnson on multiple occasions that it would

UK could soon have jet suit paramedics

The FINANCIAL — A collaboration between Gravity Industries, which has developed and

by The FINANCIAL

September 30, 2020

2 mins read

Nokia signs 5G deal with BT following Huawei ban

The FINANCIAL — Nokia today announced that it has extended its long-term strategic

by The FINANCIAL

September 29, 2020

2 mins read

Uber won 18-month license to continue operating in London

The FINANCIAL — Uber won an appeal to continue operating in London on

by The FINANCIAL

September 28, 2020

3 mins read

Business

JPMorgan is moving $234 bn of assets from the UK to Germany as a result of Brexit

The FINANCIAL — JP Morgan Chase & Co is reportedly set to move $234bn (£184bn) assets from the United Kingdom to Germany as a result of Britain’s exit from the European Union. While the type of assets being moved was not specified,

by The FINANCIAL

September 24, 2020

2 mins read

WORLD

Brexit violating international treaty will affect US-UK trade deal

The FINANCIAL — The UK has published a bill to rewrite parts of the withdrawal agreement signed in January 2020. The EU stated that this had seriously damaged trust and it would not be shy of taking legal action against the UK, but

by The FINANCIAL

September 11, 2020

3 mins read

Finance

British consumers increased their spending in August

The FINANCIAL — UK consumer spending exceeds last year’s level for first time since lockdown. Pubs and bars enjoy rebound but shops still struggle as the public switch to online purchases. British consumers increased their spending again in August as they went on

by The FINANCIAL

September 8, 2020

2 mins read

Finance

HMRC reveals that up to £3.5bn furlough cash paid out in error

The FINANCIAL — Up to £3.5bn in Coronavirus Job Retention Scheme payments may have been claimed fraudulently or paid out in error, the government has said. HMRC has calculated that between five and 10% of payments have been wrongly calculated, possibly as a

by The FINANCIAL

September 8, 2020

2 mins read

Markets

FDI in Georgia amounted USD 237.8 million in Q2 2020

The FINANCIAL — National Statistics Office of Georgia published data of Foreign Direct Investments Q2. Foreign direct investments (FDI) in Georgia amounted to USD 237.8 million in Q2 2020 (preliminary data), up 0.5 percent from the adjusted data of Q2 2019. The top three countries

by The FINANCIAL

September 8, 2020

2 mins read

Georgia

Noble Partner 2020 Officially begins on 7 September

The FINANCIAL — Noble Partner is a cooperatively-led multinational training exercise in its fifth iteration. It is aimed to enhance Georgian, U.S. and partner forces readiness and interoperability and to also contribute in maintaining stable, secure environment over the Black Sea region. U.S.

by The FINANCIAL

September 7, 2020

2 mins read

UK local news

Millions of British teens to get access to Child Trust Funds for the first time

The FINANCIAL — Around 6.3 million child trust funds have been set up by the state since their launch. Initial grants were ranging from £250 for children in well-off families to £500 for those in low-income households. Children born from September 2002 were

by The FINANCIAL

September 1, 2020

3 mins read