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Tag: UK

UK job vacancies drop 23%, signaling economic slowdown
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UK not part of US trade problems – Finance minister

The United Kingdom’s finance minister said on Wednesday that the country is “not part of the problem” regarding the “persistent” trade deficits that President Donald Trump seeks to address. Trump has focused on addressing the trade imbalances the U.S. faces with various countries, seeking to reduce deficits that he views as detrimental to the American […]

UK job vacancies drop 23%, signaling economic slowdown
News

UK economy shrinks in October, GDP falls 0.1%

The United Kingdom economy unexpectedly contracted in October, with Gross Domestic Product falling by 0.1%, according to the Office for National Statistics on Friday. The decline was attributed to a drop in production output. Economists surveyed by Reuters had forecast a 0.1% increase in GDP for the month. This marks the U.K.’s second consecutive economic […]

15 UK varsities face layoffs, course closures amid enrollment decline
News

British workplaces among worst in Europe – Report

British workplaces rank among the worst in Europe for long hours, tight deadlines, and limited autonomy, with no corresponding increase in productivity, according to a report released ahead of the new Labour government’s plan for stricter employer regulations. The report found that three-fifths of the workforce faced tight deadlines, and two-fifths worked at high speed—some […]

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UK announces guidelines for listings to boost stock market growth 

The United Kingdom’s Financial Conduct Authority announced new guidelines on Thursday for the country’s stock market listings in an attempt to encourage growth following a slowdown in IPOs. The new rules, which take effect on July 29, will bring the UK’s listing system in line with those in other countries while also making it simpler […]

UK economy hits unexpected growth
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UK economy hits unexpected growth

Britain’s economy rebounded from a brief recession in the first quarter with stronger-than-expected growth, according to revised data released on Friday. This development provides a boost to embattled Prime Minister Rishi Sunak just days before the general election. The Office for National Statistics reported that gross domestic product grew by 0.7 percent in the first […]

Nigeria-UK trade relations worth £7bn, says British envoy
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Nigeria-UK trade relations worth £7bn, says British envoy

The trade relations between Nigeria and the United Kingdom have soared to £7bn, according to British High Commissioner to Nigeria, Richard Montgomery. In an interview with the News Agency of Nigeria in Abuja, Montgomery revealed that both nations have sealed a fresh agreement on enhanced trade and investment partnership. This agreement aims to bolster cooperation […]

Gay dating app Grindr faces lawsuit for allegedly sharing users' HIV status
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Gay dating app Grindr faces lawsuit for allegedly sharing users’ HIV status

A London-based law firm announced on Monday that it is initiating a mass data protection lawsuit against the gay dating app Grindr, alleging that hundreds of users had their private information, including HIV status, shared with third parties without consent. Austen Hays, the law firm filing the lawsuit at London’s High Court, indicated that thousands […]

15 UK varsities face layoffs, course closures amid enrollment decline
News

15 UK varsities face layoffs, course closures amid enrollment decline

At least 15 universities in the United Kingdom have made public announcements regarding staff layoffs and course closures, citing a significant decrease in enrollments of overseas postgraduate students this past January, as reported by University World News. The decline in enrollments is directly linked to the UK government’s efforts to reduce the number of international […]

UK invites African tech startups to apply for Pathfinder Awards
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UK invites African tech startups to apply for Pathfinder Awards

Melvin Onwubuke   The UK’s Department for Business and Trade has opened applications for African tech startups to participate in its Unicorn Kingdom: Pathfinder Awards (UKPA), through which it hopes to discover the most promising tech startup companies across the world. The UKPA will become the largest global award for tech startups ever to be […]

UK urges Nigeria to boost internet access for digital growth
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UK urges Nigeria to boost internet access for digital growth

Melvin Onwubuke The British Deputy High Commissioner to Nigeria, Jonny Baxter, has said that to grow its Digital Economy, the federal government will have to increase access to fast and affordable internet. This was disclosed in Lagos, during an event to honor some Nigerians empowering women and young girls with digital skills through the CyberHubs […]

UK pounds with King Charles' images to hit public June
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UK pounds with King Charles’ images to hit public June

Starting from June 5, banknotes adorned with the portrait of King Charles will make their debut in the wallets of Britons. Newly issued notes will showcase the likeness of the King across all four denominations – £5, £10, £20, and £50. While banknotes featuring Queen Elizabeth II will remain legal tender, they will coexist alongside […]

Nigeria, United kingdom sign historic trade, investment deal
News

Nigeria, United kingdom sign historic trade, investment deal

By Melvin Onwubuke   United kingdom secretary of business and trade, Kemi Badenoch, on Tuesday signed a deal with Nigeria to enhance trade and investment between the two countries. According to The Punch, the United kingdom secretary, Business and Trade,Kemi Badenoch and her counterpart, Doris uzoka-Anite, minister for trade and investment signed the historic deal. […]

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