Tag: Britain

Ambani buys Britain’s iconic country club Stoke Park for 57 million pounds

NEW DELHI: Billionaire Mukesh Ambani’s Reliance Industries Ltd has bought Britain’s iconic country club and luxury golf resort, Stoke Park, for 57 million pounds (about Rs 592 crore). The acquisition adds to Reliance’s current stake in Oberoi hotels and hotel/managed residences in Mumbai that it’s developing. Over the past four years, Reliance has announced USD […]

What’s next for Pfizer’s COVID-19 vaccine after UK rollout

Britain began the mass-vaccination of its population against COVID-19 on Tuesday, becoming the first Western nation to do so in a global endeavour that poses one of the biggest logistical challenges in peacetime history. Margaret Keenan, a 90-year-old grandmother from Britain, became the first person in the world to receive the Pfizer vaccine outside of […]

India leader on renewables, natural partner for Britain: Jan Thompson

NEW DELHI: India is a leader on renewables and a natural partner for Britain in the shared mission to create a greener planet and enable a clean and resilient recovery from Covid-19, British Acting High Commissioner to India Jan Thompson said on Friday. In a statement on the eve of the Climate Ambition Summit, Thompson […]

Britain bans new Huawei 5G kit installation from September 2021

LONDON: British telecommunications firms must not install new Huawei 5G kit after September 2021, the government said on Monday, as part of a plan to purge the Chinese firm’s equipment from high-speed mobile networks. Britain has already ordered all Huawei equipment to be removed from its 5G network by the end of 2027, falling in […]

Britain’s banks turn cyber sleuths to crack $100 billion mortgage mystery

By Lawrence White LONDON:Does a cancelled gym membership spell financial disaster? That is the type of question British banks are asking as they try to work out whether borrowers owing some 75 billion pounds ($96 billion) in home loans will be good for it when a payment holiday, introduced when the coronavirus crisis first hit, […]

Britain increases large business loan scheme to 200 million pounds

LONDON: Britain has increased the size of the loan that large businesses can borrow to see them through the coronavirus pandemic from next week, raising it to 200 million pounds ($245 million) from 50 million pounds. The Treasury said the move would help those companies that did not qualify for the Bank of England’s Covid […]

Indian tycoon Vijay Mallya loses appeals against extradition from Britain

LONDON:Indian businessman Vijay Mallya lost an appeal in Britain’s High Court on Monday against a 2018 decision to extradite him to India to face fraud charges resulting from the collapse of his defunct company Kingfisher Airlines. India wants to bring back Mallya, 64, whose business interests have ranged from aviation to liquor, over $1.4 billion […]

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