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Tag: UK

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

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. […]

Clean energy: Nigeria, others to get UK's £40m grant
News

Clean energy: Nigeria, others to get UK’s £40m grant

Bisola David A UK-based initiative, The Energy Catalyst, has awarded over £40 million in grant funding to various pioneering projects in countries such as Nigeria dedicated to leveraging clean energy and facilitating an equitable and inclusive transition to sustainable energy. The Times reported that this funding was announced by UK Prime Minister, Rishi Sunak during the United Nations […]

Netflix hikes streaming plans in US, UK, France
News Tech

Netflix hikes streaming plans in US, UK, France

Netflix on Wednesday, increased the cost of certain of its streaming plans in the US, the UK, and France. Overcoming the 6 million median predictions of Wall Street experts LSEG surveyed, the company added roughly 9 million new subscribers globally. Netflix attributed the gains to its campaign against password sharing and a consistent stream of […]

UK retailer John Lewis partners Google to harness AI
News Tech

UK retailer John Lewis partners Google to harness AI

British retailer John Lewis has signed a five-year agreement with Alphabet’s Google Cloud, to take advantage of the most recent advances in machine learning and artificial intelligence. “Not only does it save customers a lot of time and hassle, but even before the appointment we can take inspiration from their unique preferences and give tailored […]

Tata to build £4 bn electric car battery factory in UK
Tech

Tata to build £4 bn electric car battery factory in UK

India’s Tata Group has announced plans to construct an electric vehicle battery plant in Britain. With an investment of GBP 4 billion, the new factory will play a vital role in securing the long-term future of the automotive sector by enabling domestic battery production. British Prime Minister Rishi Sunak hailed Tata’s multi-billion-pound investment as a […]

UK MP seeks AI ban from nuclear arms deployment
News Tech

UK MP seeks AI ban from nuclear arms deployment

A UK member of parliament, David Lammy has stated that the Labour government is planning to negotiate a deal to mutually forbid the use of artificial intelligence in decisions regarding the deployment of nuclear weapons, The Telegraph reported. “There have to be concerns about how AI might be used, for example in nuclear technology – […]

London's financial jobseekers soar 19% amidst layoff fears
News

London’s financial jobseekers soar 19% amidst layoff fears

London’s financial sector has seen a 19% increase in jobseekers in the first quarter of 2023, according to recruitment firm, Morgan McKinley. The surge in jobseekers has been attributed to heightened layoff fears after the collapse of US lender Silicon Valley Bank and the rescue takeover of Credit Suisse by UBS, putting thousands of UK-based […]

UK raises financial requirements for international students
Business

Uk recorded zero economic growth in February – Report 

The UK economy did not grow in February despite experiencing an economic growth surge of 0.4% in January.   According to BBC, the Office for National Statistics said that growth in the construction industry was counteracted by falls in public sector services due to strikes.   In January, there was an unexpected 0.4% surge in […]

UK raises financial requirements for international students
Economy

UK economy escaped recession Q4 2022

  Information from the Office for National Statistics, has revealed that the United Kingdom’s economy narrowly avoided recession in the fourth quarter despite soaring inflation. According to AFP, Gross domestic product grew 0.3 percent, as the services sector offset poor performance by construction and manufacturing. GDP fell 0.5 percent in December due to extensive strikes, […]

PWC
Business

UK fines PwC $8.9m over audit breaches

PricewaterhouseCoopers, also known as PwC, gets a fine of $8.9 million from UK’s regulatory body over “serious breaches” discovered in Babcock International’s audits. Reuters reported that the Financial Reporting Council said the fine is the penalties related to the multinational’s audits failure of Babcock’s accounts up to the end of March 2017 and 2018. There […]