United Kingdom
Report Highlights Exploitation of Migrant Workers Under UK's Employer Sponsorship Scheme
According to the report, thousands of migrant workers are at risk of exploitation due to multiple shortcomings in the Home Office's employer sponsorship scheme.
Talks on UK-India trade deal linger
So far, the UK government has not announced a date and the External Affairs Ministry has not issued any related incoming-visit notice. The Indian media had reported that Sunak’s visit was expected over October 28-29, when the UK-India FTA would likely be signed and that he might watch a live cricket match between England and India.
Britain's economy shrinks more than expected in July
The ONS said the services and construction sectors fell by 0.5 per cent, and production went down by 0.7 per cent.
Churchill's Old War Office to reopen as Hinduja's luxury hotel in UK
Raffles London at the Old War Office (OWO), which will open with 120 rooms and suites with luxury residences, restaurants and spas, had tied up with the Hindujas after the UK's richest Indian-origin group had acquired the building opposite Downing Street over eight years ago.
India, UK announce Infrastructure Financing Bridge
A joint statement issued by Finance Minister Nirmala Sitharaman and UK's Chancellor of the Exchequer Jeremy Hunt after the EFD, said that the UK has a lot to offer in the area of financial and project management. India's remarkable stature as an investment powerhouse in technology, fintech, and green transition underscores its pivotal role in driving global economic growth, it added.
UK government in advanced talks over £500m Tata Steel aid package
Whitehall officials and Tata Steel are close to agreeing a deal that would commit more than £1bn to the future of its Port Talbot steelworks, but which could ultimately result in thousands of job losses, Sky News reported.
UK warns in-depth probe into Adobe’s $20B Figma acquisition
Adobe has five working days to submit proposals to address the concerns else, the investigation will proceed to an in-depth phase 2 review, the UK’s Competition and Markets Authority said in a statement. “This merger will be referred for a phase 2 investigation unless the parties offer acceptable undertakings to address these competition concerns,” said the CMA.
UK warns in-depth probe into Adobe’s $20B Figma acquisition
Adobe has five working days to submit proposals to address the concerns else, the investigation will proceed to an in-depth phase 2 review, the UK’s Competition and Markets Authority said in a statement. “This merger will be referred for a phase 2 investigation unless the parties offer acceptable undertakings to address these competition concerns,” said the CMA.
New UK plan to reboot economy
It has been three years since the UK left the EU, the largest trading block in Europe, to become a “prosperous, dynamic and contented” country, as exclaimed by the former Prime Minister Boris Johnson who signed the Brexit deal. He went on to explain jubilaintly that the Brexit deal would enable UK companies to “do even more business” with the European Union (EU), and would leave Britain free to strike trade deals around the world while continuing to export seamlessly to the EU market of 450 million consumers.
UK regulator gives nod to Amazon's $1.7bn iRobot acquisition
The Competition and Markets Authority (CMA) found that iRobot's market position in the supply of robot vacuum cleaners in the UK is modest and that it already faces several significant rivals. "On this basis, the CMA considered that the loss of potential competition from Amazon wouldn't have a substantial impact on market outcomes," it said in a statement.
Advertisement