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 […]
China to continue suspending flights to and from Britain
BEIJING: China will continue to suspend flights to and from Britain, the country’s airline regulator said on Sunday. The Civil Aviation Administration said in a notice that the new suspension will take effect on Monday. Source: Reuters, Reporting by Yew Lun Tian; Editing by William Mallard
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 starts mandatory self-quarantine for arrivals
Britain introduced a two-week quarantine on Monday for most people arriving from abroad to try to limit the spread of the coronavirus, sparking condemnation from the ailing aviation sector, which claims it could cost tens of thousands of jobs. British residents and overseas visitors will have to comply with the 14-day self-isolation rules or face […]
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 […]
Britain mulling new business support scheme: Sky News
LONDON: Britain is considering a new bailout mechanism to help firms affected by the coronavirus, Sky News reported on Saturday, saying that individual loans to companies could be bundled together into securities. Finance minister Rishi Sunak has already set out a range of different schemes to help companies through a national lockdown which has effectively […]
Hinduja family richest Asians in Britain, worth 25 billion pounds: Report
NEW DELHI: Leading London-based NRI industrial tycoons, the Hinduja family top the Asian Rich List 2019 for the sixth successive year with an estimated net worth of 25.2 billion pounds, an increase of over 3 billion pounds over the previous year. According to the Asian Rich List 2019 released at the Asian Business Awards here […]