• UK inflation slows to lowest level since September 2021

    ONS chief economist Grant Fitzner said "food prices were the main driver of the fall, with prices almost unchanged this year, compared to a large rise last year". On a monthly basis, CPI rose 0.6 percent last month compared with a rise of 1.1 percent in February 2023, the ONS...
  • AstraZeneca to buy Fusion

    The $2.4bn deal is its latest expansion into cancer treatments.
  • AstraZeneca to buy Amolyt for $1bn

    It will pay $800 million upfront for the Lyon-based company.
  • Thousands rally in London seeking a truce in Gaza

    London, UK - Thousands of protesters marched in central London on Saturday to call for a ceasefire in Gaza amid ongoing bombardments by Israel after the Hamas attack on its territory on October 7. Regular marches protesting Israel's military response to the attacks have seen dozens arrested for anti-Semitic chanting and...
  • Leftist Galloway wins MP seat in UK amid anti-Semitism allegations

    London, UK- Controversial left-wing firebrand George Galloway was elected to the UK parliament on Friday after tapping into anger over the Israel-Hamas war in a chaotic by-election marred by anti-Semitism allegations. Galloway, 69, first became an MP in 1987 and will return to the House of Commons for the first time...
  • Major stock markets trade mixed as US inflation data awaited

    London, United Kingdom - Major stock markets traded mixed Thursday before the release of US inflation data that could present a clearer idea on when the Federal Reserve will start cutting interest rates as inflation cools. Traders reacted also to yet more earnings, with the Paris CAC 40 reaching a fresh...
  • British lawmaker suspended over ‘Islamophobic’ comments

    London, UK - Britain's ruling Conservatives on Saturday suspended their former deputy chairman from the parliamentary party, after he refused to apologize for saying London's Labor mayor Sadiq Khan was controlled by Islamists. Pressure had been growing on Prime Minister Rishi Sunak's Tories to act following lawmaker Lee Anderson's contentious remarks...
  • Islamophobia rises threefold in UK after Israel-Hamas conflict

    "We are deeply concerned about the impacts that the Israel and Gaza war are having on hate crimes and on social cohesion in the UK," said Tell MAMA director Iman Atta.
  • Lloyds Group profit is $6.2bn

    High interest rates benefitted the British lender and banking sector as a whole.
  • Rolls-Royce back into profit

    The engine maker swung to profit of $3bn from a loss of $1.64bn in 2022.
  • ‘Oppenheimer’ dominates BAFTAs in major Oscars boost

    London, United Kingdom - "Oppenheimer", Christopher Nolan's epic movie about the creation of the atomic bomb, swept the board at Sunday's BAFTA film awards in London, delivering a serious statement ahead of next month's Oscars. The movie earned seven awards in total, including best film, best director for Nolan, best actor...
  • Global LNG demand to rise more than 50 percent by 2040: Shell

    "Demand for natural gas has already peaked in some regions but continues to rise globally, with LNG demand expected to reach around 625-685 million tons a year in 2040, according to the latest industry estimates," Shell said in a report.
  • Global conflicts herald ‘dangerous decade’, says military think-tank

    "The current military-security situation heralds what is likely to be a more dangerous decade, characterized by the brazen application by some of military power to pursue claims," the report said.
  • Britain sanctions ‘Israeli settlers’ in West Bank

    London, UK - Britain on Monday announced sanctions on four "extremist Israeli settlers" accused of committing human rights abuses against Palestinians in the West Bank, following a similar move by the United States earlier this month. The curbs follow what the UK called "unprecedented levels of violence by extremist settlers in...
  • European stocks firm as markets await US inflation data

    London, United Kingdom - Europe's main stock markets steadied Friday as traders reacted to more earnings updates from top companies, while awaiting revisions to US inflation data. Asia saw holiday-thinned trade, with investors there struggling to build on another record-setting day on Wall Street. "Today sees things slow down after a...
  • Rumors swirl over bitcoin inventor Nakamoto’s identity

    London, United Kingdom - An Australian man went on trial in London this week over his claims of inventing bitcoin -- not the first time someone has been linked to being the cryptocurrency's enigmatic creator. Computer scientist Craig Wright, 53, says he is "Satoshi Nakamoto", the pseudonym of bitcoin's creator and...
  • Vodafone Q3 revenue dips

    Poor display across Italy, Spain is said to be the reason for loss.
  • European markets surge as US jobs data batter rate cut hopes

    "The markets continue to forge ahead despite a blowout jobs report from the US last Friday which seems to have finally put the nail in the coffin of the idea rates will be cut next month," said AJ Bell investment director Russ Mould.
  • Houthis vow response after US, UK strike dozens of Yemen targets

    Saturday's strikes hit "36 Houthi targets across 13 locations in Yemen in response to the Houthis' continued attacks against international and commercial shipping as well as naval vessels transiting the Red Sea", the United States, Britain and other countries that provided support for the operation said in a statement.
  • UAE is the most popular destination for global workers, says report

    Dubai, UAE – The United Arab Emirates is the most popular country for international talent seeking employment visas, a report reveals.   The global HR platform,Deel, has released findings from its Annual Global Hiring Report and revealed UAE attracts a large number of international talent. This marks a significant milestone...
  • GSK profit in 2023 falls

    The drug maker said revenues swelled 3 percent to $38.54bn.
  • Global stock markets swing ahead of Fed’s latest rate decision

    "Markets are eagerly anticipating today's meeting from the Federal Reserve with traders looking for signs over whether a March rate cut is plausible," said Joshua Mahony, chief market analyst at Scope Markets.
  • UK expresses concern over UN court decision on Gaza

    The British government said it had "considerable concerns" about a ruling by the United Nation's top court that Israel should do everything it can to prevent any acts of genocide in Gaza. The International Court of Justice (ICJ) in The Hague handed down its first judgement in a landmark case...
  • Telegraph boss quits as UK investigates UAE-backed takeover

    London, United Kingdom - The head of Britain's Telegraph Media Group has stepped down, the company announced on Friday, as the government probes its contentious proposed takeover by a United Arab Emirates-backed fund. TMG and parent company Press Acquisitions Limited said that chief executive officer Nick Hugh, in the post since...
  • European market up on record-busting Wall Street

    A surge in tech titans including Apple, Amazon, Nvidia and Facebook parent Meta on Friday pushed New York's S&P 500 index to its first new all-time high since early 2022 thanks to bets on lower borrowing costs this year.
  • Tata Steel to slash 2,800 UK jobs

    Tata Steel employs about 8,000 staff in the United Kingdom.
  • Markets drop as Middle East tensions rise, rates cut delayed

    While inflation is on a general downward path, there is a worry that it could pop back up anytime, particularly with tensions in the oil-rich Middle East showing no sign of calming.
  • Stock markets: Germany drags Europe down, Tokyo rises again

    In Asia, Tokyo rose for a sixth successive day to build on last week's advances, which saw the Nikkei break above 35,000 points for the first time since 1990 thanks to a revival of Japanese inflation and a weaker yen that helps exporters.
  • GSK to buy Aiolos Bio

    The focus is on an asthma medication still at the testing stage.
  • Europe stocks rise, Asia tepid as oil jumps and Bitcoin shines

    Following record highs in 2023 for the likes of Paris, Frankfurt and Tokyo, investors are predicting more gains as central banks prepare a series of interest-rate cuts as inflation cools. Oil prices rallied 2.5 percent on supply concerns after Iran dispatched a warship to the Red Sea in response to...
  • Saudi defense minister hosted by UK counterpart at Lancaster House in London

    Riyadh, Saudi Arabia — UK's Secretary of State for Defense Grant Shapps welcomed Saudi Arabia's Minister of Defense Prince Khalid bin Salman at Lancaster House Palace in London on Thursday. Upon Prince Khalid bin Salman's arrival, a formal reception ceremony was held, featuring a review of the guard of honor, Saudi...
  • London’s transport shifts gears with TfL’s cargo bike action plan

    London, United Kingdom - On a busy north London street, plumber Ben Hume-Wright zipped through the heavy rush-hour traffic to his next job by bike. Trades such as his used to rely on vans but many are now choosing to do more business using two or sometimes three wheels. Since switching...
  • UK shoots down ‘suspected’ drone attack in Red Sea

    London, UK - A UK destroyer has brought down a suspected attack drone in the Red Sea, defense minister Grant Shapps said on Saturday, amid rising maritime tensions in the region. Britain announced last month that it was sending HMS Diamond, one of its most advanced naval vessels, to the Gulf to...
  • Saudi Foreign Minister seeks British role in Gaza truce in meeting with Cameron

    London, Britain - Saudi foreign minister on Thursday Prince Faisal bin Farhan bin Abdullah called on the international community, especially the permanent members of the Security Council, including the United Kingdom, to fulfill their responsibilities towards intensifying efforts aimed at a ceasefire between Israel and Hamas and ensure the availability...
  • Israeli envoy to UK rules out two-state solution with Palestinians

    Tzipi Hotovely told Sky News that she did not believe in the long-standing position of the UK government and the United Nations that an independent Palestinian state should be established.
  • $37 billion private funding announced for new UK projects

    Spanish energy company Iberdrola announced £7 billion of funding for offshore wind infrastructure while US tech giant Microsoft plans to invest £2.5 billion in artificial intelligence (AI) infrastructure, including data centers.
  • UAE company secures African land the size of the UK for carbon offset projects: report

    Dubai, UAE - Blue Carbon, a Dubai-based company has secured expansive forested land across several African nations, a CNN report said.  The area, which is estimated to be nearly equivalent to the size of the United Kingdom, is earmarked for conservation projects aimed at safeguarding forests and preventing significant amounts...
  • NEOM opens London office as base for UK and European business

    London, United Kingdom – NEOM, the sustainable regional development taking shape in northwest Saudi Arabia, has opened its first international office in London which will serve as a base for NEOM’s business across Europe. The official opening was led by Prince Khalid bin Bandar bin Sultan bin Abdulaziz, Saudi Ambassador to the...
  • AstraZeneca Q3 profit swells

    The profits nearly doubled on solid demand for cancer treatments.
  • Britain grants 27 new oil and gas exploration licenses in North Sea

    London, United Kingdom - Britain on Monday awarded 27 new licenses for oil and gas exploration in the North Sea as it seeks to quickly boost energy security, but the announcement angered environmentalists. The Conservative government has argued that drilling for new oil and gas is necessary to bolster Britain's energy...
  • Markets up, oil down as investors eye Middle East situation

    Oil slid but most world stock markets rose in anticipation of a raft of strong US corporate earnings, even as economic and geopolitical fears still dog sentiment ahead of this week's eurozone interest rate decision. Volatile US Treasury yields had affected stock trading on Monday in the United States.
  • British Steel to cut 2000 jobs

    British Steel is battling losses of $36 million a month.
  • US vetoes UN resolution seeking ‘humanitarian pause’ in Gaza conflict

    "The United States is disappointed this resolution made no mention of Israel's rights of self-defense," US Ambassador to the UN Linda Thomas-Greenfield said after the vote. The resolution said the Council "firmly condemns all violence and hostilities against civilians and all acts of terrorism."
  • EasyJet, Airbus sign US$20bn deal

    The no-frills airline will buy 157 aircraft from Airbus.
  • Major equity markets up, oil dips after surge on Israel-Hamas conflict

    "Equity markets are bouncing back on Tuesday after a risk-averse start to the week, buoyed... by some promising Fed commentary," said analyst Craig Erlam at trading firm OANDA.
  • Microsoft to acquire Activision Blizzard

    Activision Blizzard makes popular games like "Call of Duty".
  • UK to revoke plan to attain net zero emissions by 2050

    LONDON, UK- The UK looked set to backtrack on Wednesday on policies aimed at achieving net zero emissions by 2050 with Prime Minister Rishi Sunak expected to water down some of the government's green commitments. The move comes amid growing concern over the potential financial cost of the government's policies to...
  • $8.7 billion lawsuit in UK accuses Google of stifling competition

    It accuses Google of breaching competition law by shutting out mobile search competition and using its market dominance to increase the prices paid by advertisers for their prominence on the Google search page.
  • Liverpool turns down Al-Ittihad $190m offer for Mohamed Salah

    LONDON, UK - Liverpool have rejected a blockbuster £150 million ($190 million) offer for Mohamed Salah from Saudi Arabian side Al-Ittihad, according to reports on Friday Egypt star Salah has been linked with a move to the Gulf State for several weeks and it is believed a verbal offer was made...
  • UAE’s PureHealth acquires UK’s largest private healthcare group for $1.19bn

    Dubai, Riyadh - PureHealth, the largest healthcare group in the Middle East, has entered into an agreement to acquire Circle Health Group, the UK's largest independent operator of hospitals, for a substantial AED 4.41 billion ($1.19 billion).  PureHealth's existing roster of companies includes healthcare names such as SEHA – Abu...
  • Stocks advance but traders wary of US rates outlook, China concerns

    The gains, including a jump in US tech stocks, "looked more like a correction than a reaction to fresh news, as there was no fresh news that went against the slowing China rhetoric" or indication of a possible shift in policy by US monetary policymakers, said Swissquote Bank analyst Ipek...