Standard Chartered Group announced that as of the end of December last year, its statutory profit before tax was $2.51 billion, down 56.56% year-on-year. This fell short of analysts’ estimates of $2.55 billion. The group resumed its dividend and paid a final dividend of 9 cents per share.
HSBC Holdings will announce its 2020 annual results on Tuesday, and the investment community is concerned about the results of its strategic review. The British Financial Times quoted a person familiar with the matter as saying that HSBC will revisit its “pivot to Asia” business strategy and withdraw from retail banking in the United States.
Buckingham Palace announced following Harry’s confirmation to his grandmother, Queen Elizabeth II, that he and Meghan would formally and finally step away from their royal duties just weeks before a 12-month trial separation was set to end.
Uber must consider its drivers in the United Kingdom as employees, and not as independent contractors, the country’s Supreme Court ruled on Friday. The ruling dismisses an appeal by the company against a previous ruling, noting that Uber sets ride rates and exerts significant control over the drivers who use the app.
The United Kingdom’s Office for National Statistics announced that retail sales in the United Kingdom decreased by 8.2% month-on-month in January, which is expected to decrease by 2.5%. The year-on-year decrease is 5.9%, which is expected to decrease by 1.3%. During the period, retail sales excluding energy decreased by 8.8% month-on-month.
Last week, very strong statements were made by the Kremlin regarding the possibility of ending all ties with the European Union. The tensions between Russia and the European Union are ongoing. Nevertheless, the recent events with Alexey Navalny, and the response by the West, is pushing Russia too far.
The Russian president Vladimir Putin stated on February 14th that he does not rule out disabling all foreign internet service providers and the social media. The measures could come into effect, if there will be disguised attacks on Russia and the new sanctions.
Disney’s performance in the last quarter was unexpectedly profitable. In the first quarter of this fiscal year, it recorded a profit of $17 million, a year-on-year decrease of 99%. After deducting special items, the profit per share was 32 cents, which was better than the market’s expected loss of 41 cents.
The United Kingdom’s Office for National Statistics announced that last year’s gross domestic product (GDP) contracted by 9.9%, the biggest decline in recent records. In the fourth quarter of last year alone, it recorded a quarter-on-quarter growth of 1% to avoid falling into a technical recession again.
Ever since the UK voted to leave the EU in June 2016, British businesses have had to deal with many uncertainties. Even as Brexit drew closer, there was little indication of what form it would take, or how trade would be affected.
A withdrawal agreement which kept the UK within the EU’s single market until 31st December 2020 prevented new regulations being created during this time, and a post-Brexit trade deal was finally struck by EU and UK negotiators on December 24th 2020.
BP and Total have joined forces to build new offshore wind farms and help countries gain access to cleaner fuel sources. The two companies claim that by joining forces, they can help many countries develop cleaner fuel sources. This is all part of BP’s cooperation with the French oil company Total.
The recent controversy concerning Amazon’s UK business tax rate has been quite a big buzz in the corporate world. Amazon has been one of the most successful and popular online retail sites. Amazon has many branches in different countries around the world, and they have been doing quite well financially.
Rolls-Royce is planning to briefly shutter their jet engine plants for two weeks this summer in order to save money, representing the first time it has been pushed into such a dramatic decision since it became a public corporation in the 1980s due to the impact in the industry over Covid-19.
The Kremlin announced that three diplomats were ordered to leave Russia on February 5th after participating in protest. The diplomats expelled are from the Kingdom of Sweden, Republic of Poland and Germany. That was the date, whenand his team urged the public to take to the Russian streets and protest.
Amazon has decided to install artificial intelligence cameras inside its delivery cars in order to monitor the activities of its drivers and see if they fully adhere to road safety regulations. The cameras are designed to watch the road and the driver, noting concerns as well as good practices, according to a tutorial video.
The United Kingdom will apply for membership of the Trans-Pacific Free Trade Agreement – Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (CPTPP) – the British Ministry of International Trade announced on Saturday. International Trade Minister Liz Truss will officially ask for the UK to join this free trade agreement on Monday.
The 2020 was not a good year for the Russian space program. Even though, Russia continues to be in the top 3 nations pertaining the space launches. Roscosmos is showing a negative trend. The US remains at the number 1 spot, followed by China. Chinese launches in majority were not successful. Last year, Russia only had 4 out of 11 flights to the International Space Station (ISS).
The European Union has applied a special article of the annex to the Brexit treaty to impose restrictions on the supply of coronavirus vaccines from the EU-member Republic of Ireland to Northern Ireland, which is part of the United Kingdom Causing a sharp reaction in the UK.
The Arcadia Company is going to sell its British department stores Topshop and Miss Selfridge to British online apparel retailer, Asos PLC for about $411 million. Asos may confirm on Monday. Arcadia was bought over by a large company, resulting in 13,000 workers being placed at risk. Asos PLC and the managers of Arcadia did not have comments.
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France, Germany, and the United Kingdom have asked Iran to renounce the production of uranium metal, which violates the 2015 Iran Nuclear Deal. The United States, for its part, has announced a new round of sanctions. Meanwhile, Tehran continues its military exercises, firing ballistic missiles at targets in the Indian Ocean.
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Russian police officers today detained several activists in who were scheduled to receive the nation’s opposition chief scheduled to arrive back in the country anytime in the course of the day. The arrests took place in St. Petersburg today as reported by a section of the country’s local media.
The Russian government decided to withdraw from the Open Sky Treaty. The Open Sky Treaty is an important tool for the intelligence gathering purposes by the signatory nations, which include military inspections from the air. The Treaty was signed in Finland in the 1992 by the 27 members.
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Russia is to start production of the Sputnik V Coronavirus Vaccine in Brazil this week. Currently, Russia has seven factories that are producing two Russian-developed vaccines. The Brazilian Pharmaceutical company Uniao Quimica partnered with the Russian Direct Investment Fund to produce the vaccine in Brazil.
Iran’s Supreme Leader, Ayatollah Ali Khamenei on Friday announced a ban on COVID-19 vaccines originating from the United States and the United Kingdom. The Supreme Leader said that he has no iota of trust in the two countries. Notably though, Tehran says it is currently developing its own vaccine.
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Top world leaders have strongly condemned the assault on the United States Capitol by supporters of Donald Trump Wednesday as the victory of Joe Biden in the presidential elections was being ratified. The leaders have called for a “peaceful” transition in the United States and have denounced “an unprecedented assault on American democracy.”
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British Prime Minister Boris Johnson has postponed an official trip to India, scheduled for January, which would have been his first major trip abroad after the COVID-19 pandemic worsened, Downing Street announced today. As a reason for his cancellation, Prime Minister Johnson cited the need to oversee the pandemic response at home.
Citizens from the United Kingdom, with a residence in Spain, have been stopped from flying to Spain this weekend. Spain has strict COVID-19 regulations that prevented some Britons from flying to and from Spain. Several travelers have had trouble returning to their home countries after airlines refused to accept their proof of national travel cards.
The Iran addressed the Coronavirus pandemic this weekend during the National Committee meeting. The President of the Islamic Republic of Iran Hassan Rouhani said: “Coronavirus infection is not a common disease, but a historic test for the peoples and leaders of the world.”
The internet has democratized the human experience in ways once unimaginable even two decades ago. News and information is available at one’s fingertips instantly, from sports scores to stock tips. New connections and friendships can be formed, bringing past pen pals together in an instant. This, of course, extends to the world of commerce.
According to the latest official data released today by the British Ministry of Health, in addition to chaining five consecutive days with more than 50,000 infections per day, another 445 deaths from the disease were recorded, a slightly lower number than the 613 reported yesterday.
On New Year’s Day, almost all parts of the world are quieter than in previous years, without large-scale celebrations or amazing fireworks. Due to the COVID-19 pandemic, the atmosphere is very different from previous years. People will usher in 2021 with the desire to end the new coronavirus pandemic.
The UK’s Brexit transition period came to an end on the last day of 2020, which means that the UK will completely break away from the European single market and customs union. Big Ben in London rang at midnight when Britain officially left the European Union, symbolizing the opening of a new chapter in British history.
When the epidemic swept through Europe and the United States earlier this year, companies scrambled to seek to raise funds, and some companies turned to the stock market to increase liquidity and tide over uncertain times. Subsequently, when central banks actively supported the financial market, the stock market rebounded.
When Google came out with a new search engine, it became a far better solution for searching based on the criteria you put in, and this new company transformed the entire search industry. Before Google most products on the internet were listed and then purchased indirectly from yes directories. So called search engines in the early days like Yahoo (which had a dominant position early) were simple listing directories.
European Commission President Ursula von der Leyen said on Twitter that the EU will purchase an additional 100 million doses of the new coronavirus vaccines, developed by BioNTech and Pfizer. The EU will have a total of 300 million doses of the vaccine. The vaccine has been administered throughout the EU and is considered safe and effective.
The European Commission today proposed the establishment of a Brexit Adjustment Reserve to help member states and departments deal with the economic losses and social impacts caused by Brexit, and to support affected businesses and employment-damaged fields. The total budget is €5 billion.
The 2020 has been the worst year of this century. The Coronavirus pandemic has crippled the majority of the global economies. The Covid-19 lockdowns still continue and there is a talk of the third wave coming in the spring of the 2021. The realism suggests that the position of the leaders of an individual states is not differing from the past experience.
The head of the World Health Organization, President Tadros Adhanom believes that the world can be completely free from the danger of disease only when humanity becomes more sensitive to the urgent issues of the planet. Otherwise, he said, more pandemics await humanity.
The Japanese government decided to halt plans pertaining the extraction of the molten and the damaged fuel from the Fukushima Diichi nuclear power plant in the 2021. The information was released on the December 27 via the Asahi Shimbun publication. In 2011, following the earthquake that led to the tsunami that caused a nuclear disaster on the Fukushima Diichi nuclear plant.