Friday, 26 May 2017

Tag Archives: Britain

Most British companies are optimistic about the future post-Brexit

LONDON: Nearly two-thirds of British businesses are “optimistic” about their future in the wake of the Brexit vote, a major survey has disclosed. A poll of 34,000 companies by the Institute of Directors found that 60 per cent of businesses are “optimistic” or “very optimistic” about the year ahead. The businesses, predominantly ...

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McDonald’s moves non-US tax HQ to Britain from Luxembourg

NEW YORK: McDonald’s will move fiscal headquarters for the majority of its non-US operations to Britain, it said Thursday, following an EU crackdown on tax deals struck by multinationals including the fast-food giant. McDonald’s is establishing a new Britain-based holding company to cover royalties from most licensing agreements outside the ...

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UK power capacity auction for 2020-21 clears at 22.50 pounds per kW/year

LONDON: Some power plants in Britain could be at risk of closure after missing out on agreements to provide capacity for 2020/21 in an auction that cleared at a lower-than-forecast 22.50 pounds ($28.35) per kilowatt (kW)/year. Britain began capacity auctions in 2014, looking to head off future power shortages as coal plants ...

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Britain facing unprecedented terror threat: Spy chief

LONDON: Britain faces an “unprecedented” terror threat that will not subside until the Syrian civil war ends, the head of foreign intelligence service MI6 said. In a rare speech for an intelligence chief, Alex Younger said British authorities had foiled 12 terrorist plots since June 2013 and warned that the ...

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Cars submerged as heavy rain hits Britain

GLASGOW: Heavy rain and gale force winds will continue to hit Britain in the wake of Storm Angus, bringing further risk of flooding. The Environment Agency has warned communities in the southwest and north of England to be prepared as the bad weather continues into Tuesday. Residents in one street woke ...

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Britain sends most aid money to Pakistan

LONDON: Britain increased its spending on overseas aid programmes in 2015, official data released on Thursday showed, with Pakistan and Ethiopia receiving the largest share of the money. Britain’s Department for International Development spent 12.1 billion pounds ($15 billion) last year, a rise of nearly 4 percent from $14.55 billion ...

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RBS chairman calls for transitional Brexit deal for banks

LONDON: The chairman of RBS, Sir Howard Davies, has backed calls for a transitional deal with Europe when Britain leaves the union, warning of the risk to banks if they swiftly lost access to the single market and passporting rights. “I think it is damaging if we don’t get a ...

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