UK

    • Scottish pro-independence party wins key elections

      Scottish pro-independence party wins key elections

      The Scottish pro-independence SNP won over conservatives and liberals in a parliamentary election on Friday, Reuters reported. Still it would remain unclear whether SNP will have a clear majority as some results will hang on undecided through Saturday due to very close voting results. A clear majority for SNP will allow the country to call a new referendum for independence from the UK.

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    • G7 seeks retaliation to Russian “propaganda”

      G7 seeks retaliation to Russian “propaganda”

      The Group of Seven richest countries is negotiating possible options to retaliate to attempts from Russia to use disinformation to mull its political interests worldwide with emphasis on Europe, Reuters reported, quoting an interview with UK Foreign Secretary Dominic Raab. The foreign ministers of G7 are about to meet in person in London for the first time in almost two years. UK has announced it would search and put on the table the possible options to facilitate rapid rebuttal mechanism to counter the Russian propaganda.

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    • Pandemic piles up Heathrow Airport losses

      Pandemic piles up Heathrow Airport losses

      With pandemic still dragging back the international transport links, UK biggest Heathrow Airport announced it was piling new losses, amounting at millions of pounds, BBC reported. Heathrow dipped a further £329m into the red in the first three months of the year, bringing total losses since the start of the pandemic to £2.4bn. Just over 1.7 million passengers travelled through the airport during the quarter, down 91% on the period in 2019.

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    • Pandemic drives UK budget deficit to a 75-year record

      Pandemic drives UK budget deficit to a 75-year record

      UK announced it had posted highest budget deficit since the end of World War II, AP reported. The record high negative result was due to increased borrowing and spending, focused at offsetting the influence of the Covid-19 pandemic, The Office for National Statistics said. The biggest spendings were linked to different government stimulus programmes. Public sector net borrowing reached 303.1 billion pounds in the financial year to end-March. This was equivalent to 14.5% of the country’s annual gross domestic product, the highest level since 1946, when the deficit hit 15.2% of GDP.

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    • Green light for Virgin Media, O2 £31bn merger

      Green light for Virgin Media, O2 £31bn merger

      The long anticipated merger deal between Virgin Media and O2 moved a step closer to being finalized as the two companies received a key backing, BBC reported. The deal is valued at some £31bn and was provisionally approved by the UK's competition watchdog. The statement has been awaited since last December when The Competition and Markets Authority (CMA) launched an investigation of the proposal.

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    • UK, 6 EU countries stop fossil fuel exports funding

      UK, 6 EU countries stop fossil fuel exports funding

      UK and six EU countries vowed to stop providing guarantees, related to all projects linked to exports of fossil fuels, Reuters reported. The initiative includes Britain, Germany, France, The Netherlands, Denmark and Sweden. Official representatives of governments in London, Paris and Berlin are expected to seal formally the pact on Wednesday, French Finance Minister Bruno Le Maire said. The intended deal includes halt of all public export guarantees.

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    • UK Darktrace eyes $4bn London IPO

      UK Darktrace eyes $4bn London IPO

      UK cyber security company Darktrace backed by tech entrepreneur Mike Lynch announced it was launching an estimated $4 billion London listing, Reuters reported. The main objectives linked to the IPO plans were tied to securing new funds to accelerate product development and strengthen its balance sheet. Darktrace was founded in 2013 in the university city of Cambridge. It uses AI to understand IT networks and detect attacks by identifying unusual behaviour.

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    • FB wipes 16,000 accounts over fake reviews trading

      FB wipes 16,000 accounts over fake reviews trading

      Facebook announced it had suspended some 16,000 accounts alleged for selling or buying fake reviews of products and services, after Britain’s competition watchdog intervened, Reuters reported. Facebook also made further changes to detect, trace, remove and prevent paid content which might mislead users on its platforms, including popular photo-sharing app Instagram,UK’s Competition and Markets Authority (CMA) said.

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