Latest in U.k Firms Face
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Here's where insurance firms see the most risk for disasters
In the months preceding the outbreak of the infernos now raging through Los Angeles County, home insurance carriers began withdrawing new coverage in response to the rising threat from wildfires, ...NBC News - Jan. 14 -
Soaring Bond Yields Put U.K. Government’s Economic Plan at Risk
Investors are demanding sharply higher yields on government bonds, threatening to upend the Labour Party’s plans to reinvigorate a stagnant British economy.The New York Times - Jan. 14 -
Tulip Siddiq, U.K. Anticorruption Minister, Resigns
Tulip Siddiq, the niece of former Prime Minister Sheikh Hasina of Bangladesh, had been named in an embezzlement investigation in the Asian country in December.The New York Times - Jan. 14 -
KPMG readies challenge to US law firms
Big Four accounting firm wins panel endorsement for Arizona license to offer legal services to corporate AmericaFinancial Times - Jan. 14 -
Imec spins out Vertical Compute memory chip firm in $20.5M deal
Europe's Imec.xpand is spinning out memory chip firm Vertical Compute in a seed investment round worth $20.5 million.VentureBeat - Jan. 14 -
Kalshi names Donald Trump Jr. as strategic advisor to prediction market firm
The president-elect's eldest son's growing business footprint now includes the prediction market platform that rose to prominence during the 2024 election.CNBC - Jan. 13 -
Apple Faces $1.8 Billion Lawsuit in U.K. Court Over App Store
Lawyers representing the class action said that Apple excluded potential rivals from competing for customers on devices running its iOS operating system by forcing developers to sell their apps ...The Wall Street Journal - Jan. 13 -
China and the U.K. have the opposite problem. They just struck a deal.
The weekend agreement reached in China, during what was called the 2025 U.K.-China Economic and Financial Dialogue, won’t immediately change the fiscal troubles that both countries have.MarketWatch - Jan. 13 -
GSK to buy US cancer drug firm IDRx for up to $1.15bn
Massachusetts-based company is working on new treatments for gastrointestinal cancers. Business live – latest updates GSK has struck a deal worth up to $1.15bn (£950m) to acquire a ...The Guardian - Jan. 13 -
Transfer rumors, news: Man City make firm move for Marmoush
Manchester City are on the verge of signing striker Omar Marmoush from Eintracht Frankfurt. Transfer Talk has the latest news, gossip and rumors.ESPN - Jan. 11 -
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U.K.’s First Drug Consumption Center Is Set to Open in Glasgow
Scotland, which has the highest rate of recorded drugs deaths in Europe, is opening a new facility for users to inject illegal drugs under medical supervision.The New York Times - Jan. 10 -
London calling: Browns, Jets, Jags to play in U.K.
The Jets, Browns and Jaguars will each serve as the home team for games in London next season as part of the NFL's growing slate of international play.ESPN - Jan. 10 -
U.K. Grocers' Stocks Fall on Cost Woes Despite Positive Christmas
Shares in Tesco, Sainsbury’s and M&S have fallen as higher salaries and increased national insurance contributions, together with inflation and higher-for-longer interest rates, set the tone for a ...The Wall Street Journal - Jan. 10 -
Starmer aide to receive dividends from corporate advisory firm Hakluyt
Varun Chandra still holds majority of his previous stake in the group despite joining Downing Street in JulyFinancial Times - Jan. 9 -
How one U.K. man helps people cope with homelessness
Verral Paul-Walcott isn't part of any charity, but during the COVID lockdown in the U.K., he saw a problem and mobilized a group of people to help. He told CBS News' Leah Mishkin how he built a ...CBS News - Jan. 9 -
Inside a U.K. couple's "secondhand wedding"
Tying the knot can be pricey, with the average cost of a wedding estimated at about $35,000. But CBS News' Leah Mishkin met a British couple who've proven you don't have to break the bank to have ...CBS News - Jan. 9 -
A plunging pound with surging U.K. yields suggest the bond vigilantes are lurking
A plunging pound and a surge in U.K. government borrowing costs to their highest since the great financial crisis serve as a warning to the U.S. and other countries that the bond vigilantes are ...MarketWatch - Jan. 9 -
What Is the U.K. ‘Grooming Gang’ Scandal Seized On by Elon Musk?
The billionaire tech mogul has been posting on his social media platform about a decade-old child sex abuse scandal in Britain. Here’s what to know.The New York Times - Jan. 8 -
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U.K. Special Forces Allowed to ‘Get Away with Murder’ in Afghanistan, Inquiry Told
Evidence released by an official inquiry into alleged war crimes painted a disturbing picture of an elite fighting force with a culture of impunity.The New York Times - Jan. 8 -
Bottom Line: Palantir taps Trump-tied firm as it chases government contracts
Defense Palantir Technologies has hired Miller Strategies to lobby on issues related to defense policy and appropriations. The U.S. government has awarded Palantir nearly $2.5 billion in contracts ...The Hill - Jan. 8 -
Shein's Lack of Answers on China Forced-Labor Concerns Angers U.K. Lawmakers
The bargain clothing site, which is seeking a London stock listing, declined to shed light on whether its clothing contains cotton from Xinjiang.The Wall Street Journal - Jan. 7 -
Shein lawyer refuses to tell MPs if fashion firm uses Chinese cotton
Yinan Zhu declined to say whether it retailer's suppliers used Chinese cotton amid concerns over forced labour.BBC News - Jan. 7 -
Jeans brand True Religion acquired by PE firm, American Eagle-linked investment firm
True Religion, the Y2K-era jeans brand in the midst of a comeback, has been acquired by private equity firm ACON Investments and its partner SB360 Capital.CNBC - Jan. 7 -
U.K. Competition Watchdog Prepares to Investigate Tech Giants Under New Rulebook
The regulator said it would open investigations into at least three types of tech platforms at the start of this year to work out which tech giants need to obey a new law governing the digital ...The Wall Street Journal - Jan. 7 -
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The Vivienne, star of 'RuPaul's Drag Race U.K.,' dies at 32
British reality show "RuPaul’s Drag Race UK" winner James Lee Williams, aged 32, popularly known as The Vivienne, has died, publicist Simon Jones said on Sunday.NBC News - Jan. 6 -
U.K. Prime Minister Keir Starmer hits back at Elon Musk
Britain's Prime Minister Keir Starmer hit back at Elon Musk on Monday after the world's richest man repeatedly lobbed a host of inflammatory allegations at the country's leader over the past week.CBS News - Jan. 6 -
U.K.’s Starmer Slams ‘Lies and Misinformation’ After Elon Musk Attacks
Without naming Mr. Musk directly, Prime Minister Keir Starmer denounced the billionaire’s spreading of falsehoods about a child sex abuse scandal.The New York Times - Jan. 6 -
Face the Nation: Pelosi, Homan
Missed the second half of the show? The latest on...As Congress readies for the joint session to count the Electoral College votes four years after President-elect Donald Trump's supporters stormed ...CBS News - Jan. 6 -
Firms to raise prices due to tax and wage increases
Consumers could face higher costs in the coming months amid falling confidence among UK businesses.BBC News - Jan. 6 -
The Gen Z problem for audit firms
The profession is finding it harder to attract and retain staff — a key factor in the quality of inspectionsFinancial Times - Jan. 6 -
Face the Nationn: Pelosi, Homan
Missed the second half of the show? The latest on...As Congress readies for the joint session to count the Electoral College votes four years after President-elect Donald Trump's supporters stormed ...CBS News - Jan. 5 -
In Reversal, Musk Trashes Farage, U.K.’s Anti-Immigrant Populist
Elon Musk, the billionaire backer of Donald J. Trump, had been promoting Nigel Farage. But on Sunday Mr. Musk said Mr. Farage “doesn’t have what it takes.”The New York Times - Jan. 5 -
US set for IPO comeback as private equity firms seek to offload holdings
Bankers hope strong 2024 gains for Wall Street equities and pro-business policies will drive listings reboundFinancial Times - Jan. 5 -
Chinese cyber firm linked to botnet attack sanctioned in US
The federal government hit Chinese cyber group Integrity Technology Group with new sanctions on Friday, citing alleged computer intrusion incidents against those in the U.S. At the direction of the ...The Hill - Jan. 3 -
U.K.'s biggest dinosaur footprint site discovered: "So surreal"
It is hoped the discovery will provide clues about how dinosaurs interacted, as well as their size and the speeds at which they moved.CBS News - Jan. 2 -
Green-Energy Firms' Pitch to Trump: You're Going to Need a Lot of Power
Instead of touting projects as “clean and affordable,” renewables firms are highlighting their projects’ ability to meet energy needs.The Wall Street Journal - Jan. 1
