Wednesday 19 June 2013
 
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Britain

UK urges G8 to close global tax loopholes

Britain turned up the pressure on other rich economies to clamp down on secretive money flows at a summit next week by pressing its overseas tax havens into a transparency deal and announcing new disclosure rules for British firms.

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Britain to launch public sale of Lloyds, RBS

British finance minister George Osborne will launch the early sale to the public of shares in bailed-out lender Lloyds Banking Group, the Sunday Times reported without citing sources. Shares the government owns in Royal Bank of Sc

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VisitBritain kicks off travel trade event

VisitBritain, the national tourism agency, responsible for marketing Britain worldwide, kicked off its flagship international travel trade event, Destination Britain 2013, in Bangkok today (May 14). Celebrating its 10th year, the

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World's first green bank loans $1bn in first 5 months

Britain's Green Investment Bank (GIB), the world's first bank solely focused on lending to clean energy projects, said it allocated 635 million pounds ($988 million) in funding over its first five months of operation. The

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Bahrain taps British technology for housing

Bahrain will be harnessing British technical and engineering know-how to promote major social housing projects, with the first three providing 4,000 new homes, a report said. Housing Minister Bassem Al Hamer signed a co-operation

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Bahrain taps British technology for housing

Bahrain will be harnessing British technical and engineering know-how to promote major social housing projects, with the first three providing 4,000 new homes, a report said. Housing Minister Bassem Al Hamer signed a co-operation

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Bahrain 'ideal for joint projects with UK'

Bahrain Chamber of Commerce and Industry (BCCI) chairman Dr Essam Fakhro called on British economic and trade organisations and investors to visit Bahrain in order to be updated on the reality of the situation in the kingdom. He s

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HSBC to cut 1,149 jobs in Britain

HSBC is cutting 1,149 jobs in Britain in another round of redundancies to save money and slim down Europe's biggest bank. The cuts are part of a three-year revival plan designed by chief executive Stuart Gulliver to reduce cos

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Britain loses top-notch credit rating

  Britain's credit standing took a further blow yesterday when Fitch Ratings became the second international agency to strip the country of its top-notch credit rating.   Fitch trimmed the ratin

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GlaxoSmithKline bets on 'electroceuticals'

  GlaxoSmithKline, Britain's biggest drugmaker, is placing a small but important bet on a new way of treating diseases by targeting electrical signals in the body.   The company said on Wednesda

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