DIRS.INFO The most relevant business & tech news

☆ Rishi Sunak: Everything seems to be going wrong for British PM
▼ + stars: | 2024-04-20 | by ( Luke Mcgee | ) edition.cnn.com time to read: +6 min

CNN —Life must seem bleak for British Prime Minister Rishi Sunak these days. Sunak has said that he will hold a general election this year, but has yet to confirm its date. It was only voted through by MPs because it has the support of the opposition Labour Party. Anderson is a working-class former miner who is from a part of the country that traditionally votes for the opposition Labour Party. However, Anderson was suspended from the Conservative Party after making comments about the Muslim mayor of London, Sadiq Khan, that Sunak clearly believed were beyond the pale.

Persons: Rishi Sunak, Sunak, –, Boris Johnson, Winston Churchill, It’s, ” Rishi Sunak, Dan Kitwood, Liz Truss, Lee Anderson, Anderson, Elon Musk, Tesla, Kirsty Wigglesworth, doesn’t, Sadiq Khan, Suella Braverman, Braverman, Johnson, Rishi, ” Sunak Organizations: CNN, British, Conservative Party, Labour Party, ”, Conservatives, Allies, Labour, Sunak's, SpaceX, Reuters, Conservative, “, Adidas Samba Locations: Quebec, London, Rwanda

☆ 'Mr Bates vs the Post Office' — the TV drama that shook Britain — comes to PBS
▼ + stars: | 2024-04-07 | by ( Chris Johnston | ) www.businessinsider.com time to read: +9 min

"Mr Bates vs the Post Office" had a remarkable impact after airing in Britain and now comes to PBS. Jo Hamilton, who ran the Village Shop and Post Office in South Warnborough, Hampshire, was wrongly convicted of theft in the Post Office Horizon scandal. ITVThe program focused on Alan Bates, who along with his partner invested in a post office store in Wales in 1998. Why did the Post Office — which has been owned by the government since 2012 – continue to prosecute people when there were doubts about the software? Advertisement"Mr Bates vs the Post Office" is being broadcast on PBS weekly from Sunday April 7.

Persons: Mr Bates, —, Rishi Sunak, Seema Misra, Peter Huxham, Martin Griffiths, Julian Wilson, Jo Hamilton, Adrian Dennis, Toby Jones, who's, Harry Potter, Alan Bates, Bates, wasn't, John Beer of, –, Kevin Hollinrake, Gwyneth Hughes, Innocent, Paula Vennells, Vennells, it's, James Strong, we'd, Polly Hill Organizations: PBS, Service, ITV, of, Post, Japan's Fujitsu, Office, Getty, Journalists, Computer, BBC, Post Office, Guardian, Fujitsu, Financial Times, subpostmasters, Channel Locations: Britain, Ellesmere Port, Liverpool, South Warnborough, Hampshire, AFP, Wales, John Beer of Farnham, Surrey

☆ Labour opposition deals another historic blow to UK PM Rishi Sunak with by-election defeats
▼ + stars: | 2024-02-16 | by ( Elliot Smith | ) www.cnbc.com time to read: +4 min

Winning candidate Gen Kitchen said the result was a "stunning victory for the Labour Party and must send a message from Northamptonshire to Downing Street." LONDON — U.K. Prime Minister Rishi Sunak's ruling Conservative Party suffered another double by-election defeat on Thursday, as the opposition Labour Party's momentum shows no sign of slowing. The double defeat of Thursday was the latest in a string of unfavorable by-election results for the ruling party in what were previously considered safe seats. "I was very pleased last night to see that we were clearly getting Tory switchers, in other words people who hadn't voted for the Labour Party before, coming out last night and voting for the Labour Party in a by-election." The Labour Party maintains a lead of more than 20 points over the Conservatives in all national polling, with a general election due no later than January 2025.

Persons: Kitchen, Peter Bone, —, Rishi Sunak's, Helen Harrison, Gen Kitchen, Chris Skidmore, Damien Egan, Keir Starmer, Tory switchers, hadn't, Boris Johnson, Robert Ford Organizations: Labour, Labour Party, Downing, Conservative, Conservatives, LONDON, Conservative Party, Kettering Leisure Village, Tamworth, Liberal Democrats, BBC, University of Manchester, CNBC Locations: Northamptonshire, Wellingborough , Northamptonshire, KETTERING, England, Wellingborough, Kettering, Kettering , England, Kingswood , South Gloucestershire, North, Kingswood, Mid Bedfordshire, West Midlands, Selby, Ainsty, Somerton, Frome

☆ As London loses another listing, analysts are wary of writing off the UK capital
▼ + stars: | 2024-02-14 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

The offices of London Stock Exchange Group Plc, right, in Paternoster Square in the City of London, UK. Bloomberg | Bloomberg | Getty ImagesLONDON — TUI became the latest company to ditch its share listing in London, as shareholders voted overwhelmingly for the German travel giant to list solely in Frankfurt. Around 77% of transactions in TUI shares are currently settled via Germany, with the U.K. now accounting for less than a quarter. U.K. stocks are trading at a considerable discount to the rest of Europe, having suffered an investor flight in recent years. London still a contender London has also suffered a number of de-listings and high-profile IPO snubs over the past year.

Persons: TUI, Frankfurt's, Mathias Kiep, London, SoftBank, Rishi Sunak's Organizations: London Stock Exchange Group, City of, Bloomberg, Getty, London Stock Exchange, CNBC, Nasdaq Locations: Paternoster, City, City of London, London, Frankfurt, Hannover, Germany, TUI, Europe

☆ UK PM Sunak Paid More Than 500,000 Pounds in Tax Last Year
▼ + stars: | 2024-02-09 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +2 min

By Andrew MacAskill and Sachin RavikumarLONDON (Reuters) - British Prime Minister Rishi Sunak paid 508,000 pounds ($641,000) in tax in the last financial year after income from his investments dwarfed his official salary, a report by his accountants showed on Friday. The three-page published summary is the second time that Sunak has published details of his tax affairs since he became prime minister in 2022. The figures show that Sunak made 139,000 pounds from his salary as a member of parliament, finance minister and prime minister between April 2022 and March 2023, and 2.1 million pounds from investments. Of his income from investments, 1.8 million pounds came from capital gains, up from 1.6 million pounds a year earlier. About 70% of the total tax paid by Sunak was due to capital gains tax on the profit made from sales of investments such as stocks.

Persons: Andrew MacAskill, Sachin Ravikumar, Rishi Sunak, Sunak, Evelyn, Piers Morgan, David Milliken Organizations: Sachin Ravikumar LONDON, British, Indian IT, Infosys, Evelyn Partners Locations: Indian, Rwanda

☆ N. Ireland Has 'Brighter Future' With Power Sharing Return, Sunak Says
▼ + stars: | 2024-02-04 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +2 min

By Amanda FergusonBELFAST (Reuters) - Northern Ireland faces a "brighter future" with the restoration of devolved government after two years of deadlock, Britain's Prime Minister Rishi Sunak said on a visit to Belfast on Sunday. Sunak's government brokered a deal with the pro-British Democratic Unionist Party (DUP) to allow the return of power sharing by easing post-Brexit trade frictions. "In the last few days we've made significant progress towards a brighter future for people here," Sunak told broadcasters. O'Neill told Sky News on Sunday that it was a "decade of opportunity" for Northern Ireland. Under the power-sharing agreement, the post of deputy has equal power but less symbolic weight than the First Minister.

Persons: Amanda Ferguson BELFAST, Rishi Sunak, Sinn Fein's Michelle O'Neill, we've, Sunak, Sinn Fein, O'Neill, Emma Little, Paul Sandle, Sharon Singleton Organizations: Reuters, Britain's, Sunday, Irish, British Democratic Unionist Party, Irish Republican Army, IRA, Sky News, Belfast Good, First Locations: Northern Ireland, Belfast, British, Ireland

☆ London Police Launch Manhunt After Chemical Attack Leaves Several Injured
▼ + stars: | 2024-02-02 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +2 min

LONDON (Reuters) - British police have launched a manhunt for a suspect who injured several people by throwing a corrosive chemical on them, with political attention focusing on his status as someone who had been granted asylum after a conviction for sexual assault. Three other women and one man who came to their aid suffered minor burns injuries and five police officers who responded were also injured. "Wednesday's attack on a mother and her two children in Clapham was appalling," Britain's interior minister James Cleverly said in a statement on Friday. A source familiar with the case told Reuters that Ezedi had been granted asylum in Britain and had a previous conviction for sexual assault. Police said it was reported that Ezedi had thrown a child to the ground and that the chemical used in the attack was alkaline.

Persons: Abdul Shokoor Ezedi, James, Ezedi, Rishi Sunak, David Johnston, Robert Jenrick, Sachin Ravikumar, Andrew MacAskill, Gareth Jones Organizations: British, London's Metropolitan Police, Reuters, Police, BBC, Sunak's Conservative Party Locations: Clapham, London, Britain, Afghanistan, Rwanda

☆ UK Opposition Labour Party Pledge Productivity Fix in Latest Pitch to Business
▼ + stars: | 2024-01-31 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +1 min

LONDON (Reuters) - Britain's opposition Labour Party will pledge to fix Britain's stagnating productivity at a conference for businesses on Thursday, its latest charm offensive to companies and investors ahead of a national election expected this year. Keir Starmer, leader of the left-leaning party, will tell assembled executives that Labour will "get under the bonnet to fix an unprecedented stagnation in British productivity growth." "The depth of the changes we've made to transform the Labour Party's relationship with business is something I take immense pride in," he will say, according to extracts released by the party. Ahead of the conference, the party's finance policy chief Rachel Reeves said that Labour would champion Britain's financial sector and not bring in a new cap on bankers' bonuses. Labour also wants closer economic ties with the European Union, including deeper co-operation with the bloc on financial services.

Persons: Keir Starmer, Rishi Sunak's, Rachel Reeves, Alistair Smout Organizations: Labour Party, Labour, Economic, Conservative, Business, Growth, European Union Locations: Davos

☆ UK Must Comply With Human Rights' Court Orders, President Says
▼ + stars: | 2024-01-25 | by ( Jan. | At A.M. | ) www.usnews.com time to read: +2 min

LONDON (Reuters) - The president of Europe's human rights court said on Thursday there was a legal obligation on states to comply with its injunctions in response to Britain's threat to ignore such orders over its plan to send some asylum seekers to Rwanda. In order to enact this plan, a bill is going through the British parliament which the government admits might not be compatible with the European Convention on Human Rights and would give ministers the power to decide whether to comply with injunctions from the European Court of Human Rights. "There is a clear legal obligation under the convention for states to comply with Rule 39 measures," Siofra O’Leary, the President of the European Court of Human Rights (ECtHR), told reporters. Last June, the ECtHR issued an injunction - known as interim measures under Rule 39 - to prevent the first deportations of asylum seekers to the east African nation. Prime Minister Rishi Sunak remains determined to put the policy into operation amid pressure from right-wing lawmakers in his Conservative Party and voter concern about thousands of asylum seekers arriving without permission across the Channel in small boats.

Persons: Rishi Sunak, Rwanda Bill, Michael Holden, Andrew MacAskill Organizations: European, Human Rights, of Human, of Human Rights, Conservative Party, Commons Locations: Rwanda, British, Britain

☆ 'Get on board': UK PM Sunak appeals to Lords to deliver his Rwanda asylum law
▼ + stars: | 2024-01-18 | by ( ) www.cnbc.com time to read: +2 min

LONDON, ENGLAND - JANUARY 18: UK Prime Minister Rishi Sunak speaks during a press conference in Downing Street on January 18, 2024 in London, England. He spoke after seeing the Safety of Rwanda Bill pass its third reading in the House of Commons by a majority of 44 last night. Weakened by the failed rebellion that simply underlined the deep divisions in his party, Sunak repeated his mantra that it was time to "stick with the plan", that his "plan was working" and that the opposition Labour Party had "no plan". "The House of Lords must pass this bill. An opinion poll underlined his party's flagging fortunes, putting support for the Conservatives at the lowest level since former Prime Minister Liz Truss was forced from office.

Persons: Rishi Sunak, Rwanda Bill, Stefan Rousseau, Sunak, Liz Truss Organizations: British, Conservatives, Labour Party, Labour Locations: ENGLAND, Downing Street, London, England, Rwanda

☆ Barclays CEO says difference in Labour and Conservative economic policy is 'fairly minimal'
▼ + stars: | 2024-01-18 | by ( Elliot Smith | ) www.cnbc.com time to read: +2 min

LIVERPOOL, U.K. - Oct. 11, 2023: Britain's main opposition Labour Party leader Keir Starmer applauds a speaker the final day of the annual Labour Party conference in Liverpool, northwest England, on October 11, 2023. Paul Ellis | Afp | Getty ImagesPolitical risk in the U.K. is "far less than it's ever been" as the difference between the ruling Conservative Party and main opposition Labour on economic policy is "fairly minimal," Barclays CEO C.S. The U.K. is set to hold a General Election later this year, and the latest polling consistently suggests a landslide Labour victory, bringing an end to fourteen years of Conservative rule. "I think the political risk in the U.K. is far less than it's ever been," Venkatakrishnan told CNBC at WEF. The difference in economic policies between the two, and they're both striving to say so, are fairly minimal," he said, referencing two former British leaders.

Persons: Keir Starmer applauds, Paul Ellis, Venkatakrishnan, Keir Starmer, Rishi Sunak's, Rachel Reeves, Margaret Thatcher, James Callaghan, Labour's Organizations: LIVERPOOL, Labour Party, Afp, Getty, Conservative Party, Labour, Barclays, C.S, Conservative, Labour's Shadow, Economic, CNBC Wednesday, CNBC, WEF, British Locations: Liverpool, England, Davos, Switzerland

☆ Suicides, jail, and wrongful convictions — but it took the TV drama 'Mr Bates vs the Post Office' to bring them justice
▼ + stars: | 2024-01-13 | by ( Chris Johnston | ) www.businessinsider.com time to read: +8 min

Martin Griffiths, 59, jumped in front of a bus in 2013 after being falsely accused of theft at his post office branch in Ellesmere Port, near Liverpool. Jo Hamilton, who ran the Village Shop and Post Office in South Warnborough, Hampshire, was wrongly convicted of theft in the Post Office Horizon scandal. ITVThe program focused on Alan Bates, who along with his partner invested in a post office store in Wales in 1998. Why did the Post Office — which has been owned by the government since 2012 – continue to prosecute people when there were doubts about the software? "Mr Bates vs the Post Office" is available in the UK on ITVX.

Persons: It's, Mr Bates, Rishi Sunak, Seema Misra, Peter Huxham, Martin Griffiths, Julian Wilson, Jo Hamilton, Adrian Dennis, Toby Jones, who's, Harry Potter, Alan Bates, Bates, wasn't, John Beer of, —, –, Kevin Hollinrake, Gwyneth Hughes, Innocent, Paula Vennells, Vennells, it's, James Strong, we'd, Polly Hill Organizations: Service, Business, ITV, Post, of, Japan's Fujitsu, Office, Getty, Journalists, Computer, BBC, Post Office, Guardian, Fujitsu, Financial Times, subpostmasters Locations: Britain, Ellesmere Port, Liverpool, South Warnborough, Hampshire, AFP, Wales, John Beer of Farnham, Surrey

☆ UK inches closer to technical recession as growth is revised down
▼ + stars: | 2023-12-22 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +2 min

Data due out in February will show whether the U.K. has entered a technical recession — defined as when the economy shrinks for two consecutive quarters. There was also zero growth in the prior three months, the new figures showed, down from the 0.2% growth previously calculated. LONDON — The U.K. is edging closer to recession after revised figures showed the economy shrank in the previous quarter. Certainly, Rishi Sunak's pledge to grow the economy is now severely in doubt," he said. A near-term drop in interest rates would be a win for Sunak's government, as the U.K. enters an election year.

Persons: Jeremy Hunt, Richard Carter, Cheviot, Rishi Sunak's, Rishi Sunak, Downing, Andrew Bailey Organizations: Office, National Statistics, LONDON, Bank of England

☆ Britain to announce measures aimed at bringing down net migration
▼ + stars: | 2023-12-04 | by ( Alistair Smout | ) www.reuters.com time to read: +3 min

[1/2] A sign is seen at the arrivals passport control area of Terminal 5, at Heathrow Airport, London, Britain, March 23, 2023. REUTERS/Toby Melville/files Acquire Licensing RightsLONDON, Dec 4 (Reuters) - Britain will announce changes to its legal migration system on Monday after a record number of arrivals in 2022 piled pressure on Prime Minister Rishi Sunak to act ahead of an election expected next year. Sunak's spokesperson said he believes net migration needs to be reduced "significantly". Interior minister James Cleverly will give a statement to parliament later on Monday detailing more measures to reduce legal migration and to "stop abuse of the system," the spokesperson said. Annual net migration to the United Kingdom hit a record of 745,000 last year and has stayed at high levels since, data showed last month.

Persons: Toby Melville, Rishi Sunak, Sunak, Sunak's, James, aren't, Alistair Smout, William Schomberg, Andrew MacAskill, Sarah Young Organizations: Heathrow Airport, REUTERS, Conservative Party, Union, Bank of England, Thomson Locations: London, Britain, Rwanda, United Kingdom

Britain's Labour Party Leader Keir Starmer attends television interviews on the final day of the party's annual conference in Liverpool, Britain, October 11, 2023. It is not unusual for opposition leaders to receive summit invitations, but COP28 is particularly resonant. Ireland's climate minister, Eamon Ryan, hailed Britain's climate leadership, but also said Sunak's reset of some measures had not gone down well when the news was reported while he was in New York for the U.N. General Assembly. Britain's development minister Andrew Mitchell, at COP28, told Reuters what Sunak did "was very good government". But the Conservatives' former finance minister George Osborne questioned whether Sunak had been angered that Kitsotakis had met Starmer before him.

Persons: Keir Starmer, Phil Noble, Starmer, King, Jordan, John Kerry, General Antonio Guterres, Rishi Sunak, COP28, Sunak, Espen Barth Eide, Eamon Ryan, Andrew Mitchell, we're, Kyriakos, Sunak's, George Osborne, Kitsotakis, Elizabeth Piper, Kate Abnett, Barbara Lewis Organizations: Britain's Labour, REUTERS, Labour Party, UN, Labour, General, Reuters, Greek, Elgin, British, Conservatives, Thomson Locations: Liverpool, Britain, DUBAI, Dubai, Israel, Gaza, Qatar, Brazil, London, COP28, Norwegian, New York

☆ Labour leader Starmer praises Thatcher in bid to woo UK Conservative voters
▼ + stars: | 2023-12-03 | by ( ) www.reuters.com time to read: +2 min

Keir Starmer, leader of Britain's Labour Party, speaks during the Prime Minister's Questions, at the House of Commons in London, Britain November 29, 2023. UK Parliament/Jessica Taylor/Handout via REUTERS/File Photo Acquire Licensing RightsLONDON, Dec 3 (Reuters) - Keir Starmer, leader of Britain's main opposition Labour Party, has praised former Prime Minister Margaret Thatcher, a deeply unpopular figure among many Labour supporters, as he seeks to woo Conservative voters before an election expected next year. Thatcher, dubbed the "Iron Lady" by the UK press at the time, was Britain's Conservative leader from 1979 to 1990. "Every moment of meaningful change in modern British politics begins with the realisation that politics must act in service of the British people, rather than dictating to them," Starmer wrote in an article for the Sunday Telegraph newspaper. After hailing Thatcher, Starmer wrote that Labour had "changed dramatically in the last three years".

Persons: Keir Starmer, Jessica Taylor, Handout, Britain's, Margaret Thatcher, Starmer, Rishi Sunak's, Thatcher, Tony Blair, Clement Attlee, Jeremy Corbyn, Victoria Atkins, Margaret Thatcher's, Michael Holden, Bernadette Baum Organizations: Britain's Labour Party, REUTERS, Labour Party, Labour, Conservative, Sunday Telegraph, Sky News, Thomson Locations: London, Britain

☆ Britain's Sunak tries to reclaim climate narrative with $2 bln pledge
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +2 min

Britain's Prime Minister Rishi Sunak delivers a speech during a press conference on the net zero target, at the Downing Street Briefing Room, in central London, on September 20, 2023. Running way behind the opposition Labour Party in the polls before a national election expected next year, Sunak's team believes voters will only support measures to tackle climate change when, or if, they are affordable. But the time for pledges is now over – this is the era for action," Sunak said in a statement. "The transition to net zero should make us all safer and better off. ($1 = 0.7911 pounds)For daily comprehensive coverage on COP28 in your inbox, sign up for the Reuters Sustainable Switch newsletter here.

Persons: Rishi Sunak, Sunak's, Sunak, King Charles, Elizabeth Piper, Miral Organizations: Britain's, Downing, Labour Party, Reuters, Thomson Locations: London, DUBAI, Dubai, Africa, Asia

Now even the British Museum goes by the preferred Greek form — Parthenon Sculptures. For many, Parthenon Sculptures are its most striking example. They were shipped to Britain and eventually joined the British Museum's collection in 1816 — five years before the uprising that created an independent Greece. The British Museum says the sculptures were acquired legally and form an integral part of its display of the world's cultural history. That would add pressure on the British Museum, while U.K. public opinion is seen as increasingly backing the Greek demand.

Persons: Rishi Sunak, Kyriakos, Mitsotakis, Athena, —, Leonardo da Vincis, Elgin, Melina Mercouri, Mona Lisa, he's, George Osborne, Pope Francis Organizations: British Museum, Acropolis Museum, Elgin Marbles, British, Mitsotakis, Vatican Museums Locations: ATHENS, Greece, Britain, London, Athens, Scottish, Ottoman, British, Vatican, Sicily

[1/4] An employee views examples of the Parthenon sculptures, sometimes referred to in the UK as the Elgin Marbles, on display at the British Museum in London, Britain, January 25, 2023. REUTERS/Toby Melville/File Photo Acquire Licensing RightsATHENS/LONDON Nov 28 (Reuters) - Greece's government on Tuesday accused Britain of showing "a lack of respect" by abruptly cancelling a meeting between their leaders at short notice in a dispute over ancient Greek sculptures brought to Britain in the early 19th century. British Prime Minister Rishi Sunak cancelled a planned wide-ranging meeting with his Greek counterpart Kyriakos Mitsotakis after the latter raised the decades-old demand for the return of the Parthenon sculptures from the British Museum. "It shows a lack of respect to the prime minister but also to the country he represents." "I don't think the prime minister needed really to intervene in this way and it hasn't particularly helped our relationships with Greece."

Persons: Toby Melville, Rishi Sunak, Kyriakos Mitsotakis, Pavlos Marinakis, Lord Elgin, Mitsotakis, Mona Lisa, Marinakis, Ed Vaizey, Vaizey, Alistair Smout, Bernadette Baum Organizations: Elgin, British Museum, REUTERS, British, BBC, Conservative, Sky News, Thomson Locations: London, Britain, Greece, Ottoman, Athens, Gaza, Ukraine, British

☆ UK's Sunak snubs Greek PM at last minute amid ancient sculpture dispute
▼ + stars: | 2023-11-28 | by ( Elliot Smith | ) www.cnbc.com time to read: +1 min

LONDON, ENGLAND - AUGUST 23: Visitors to the British Museum walk around a selection of items from the collection of ancient Greek sculptures known as The Elgin Marbles on August 23, 2023 in London, England. LONDON — British Prime Minister Rishi Sunak canceled a scheduled meeting with Greek counterpart Kyriakos Mitsotakis on Tuesday amid a diplomatic dispute about the Parthenon Sculptures. Greece has long maintained that the 2,500-year-old sculptures, removed by British diplomat Lord Elgin in the early 19th century and currently held in the British Museum, should be returned. The statues, also known as the Elgin Marbles, have been a source of disagreement between the two nations for centuries. Deputy Prime Minister Oliver Dowden was available to meet Mitsotakis in Sunak's place.

Persons: Rishi Sunak, Kyriakos Mitsotakis, Lord Elgin, Mitsotakis, Mona Lisa, Sunak, Oliver Dowden Organizations: British, Elgin Marbles, LONDON, British Museum, BBC, NATO, Downing Locations: ENGLAND, London, England, Greece, British, Athens, Ukraine, Sunak's

☆ Britain hopes to attract investment from Chinese carmakers - minister
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Damir Sagolj/File Photo Acquire Licensing RightsCompanies Nissan Motor Co Ltd FollowHAMPTON COURT, England, Nov 27 (Reuters) - Britain's investment minister on Monday said he was working to attract Chinese car manufacturers to build a factory in the country and that investment from China was crucial to meeting environmental targets. At a foreign direct investment summit at Hampton Court Palace on Monday, British investment minister Dominic Johnson said commercial talks could run in parallel with political disagreements. "Chinese investment is crucial if we're to achieve our net zero goals ... "Absolutely, I have an ambition to try and attract a Chinese car manufacturer." Britain is re-examining the application of its recently introduced National Security and Investment (NSI) Act that has disproportionately blocked Chinese-backed deals.

Persons: Damir Sagolj, Rishi Sunak's, David Cameron, Cameron, Sunak, Dominic Johnson, we're, Johnson, carmakers, Alistair Smout, Alex Richardson Organizations: China, Financial, Bank of China, REUTERS, Nissan Motor, Conservative Party, National Security and Investment, Tata, Nissan, European Union, Thomson Locations: Beijing, China, HAMPTON, England, Hampton, Britain

REUTERS/Louisa Gouliamaki Acquire Licensing RightsATHENS/LONDON, Nov 27 (Reuters) - Greek Prime Minister Kyriakos Mitsotakis accused his British counterpart Rishi Sunak of cancelling a scheduled meeting in London on Tuesday in a diplomatic row over the status of the Parthenon Sculptures. "I express my annoyance that the British Prime Minister cancelled our planned meeting just hours before it was due to take place," Mitsotakis said in a statement. "Greece's positions on the issue of the Parthenon Sculptures are well known. Deputy British Prime Minister Oliver Dowden was available to meet Mitsotakis to discuss these issues instead, Sunak's office said. A law prevents the British museum from removing objects from the collection apart from in certain circumstances, but the legislation does not prohibit a loan.

Persons: Louisa Gouliamaki, Kyriakos Mitsotakis, Rishi, Lord Elgin, Mitsotakis, George Osborne, Mona Lisa, Sunak, Oliver Dowden, Keir Starmer, Starmer, Renee Maltezou, Angus MacSwan, Stephen Coates Organizations: REUTERS, British Museum, British, BBC, Financial, Thomson Locations: Athens, Greece, LONDON, London, Ottoman Empire, Mitsotakis

☆ 'Vote of confidence': UK hails $37 billion of foreign investment
▼ + stars: | 2023-11-26 | by ( Alistair Smout | ) www.reuters.com time to read: +5 min

Australian funds IFM Investors and Aware Super will pump 10 billion pounds and 5 billion pounds, respectively, into projects ranging from infrastructure and energy transition to affordable housing, Sunak's Downing Street office said in a statement. It added that Spanish power giant Iberdrola (IBE.MC) would add 7 billion pounds to its investment plans in Britain, which include transmission and distribution electricity networks. France has overtaken Britain as the European country with the highest number of new FDI projects. President Emmanuel Macron announced 13 billion euros ($14 billion) of investment commitments in France at a similar FDI gathering in May. "It wants to deal with one person," investment minister Dominic Johnson told Reuters, adding ministers could then have "very strong, frank discussions with the international investment community about how we can make the environment more investable".

Persons: Rishi Sunak, Kemi Badenoch, Sunak's, Iberdrola, Sunak, Emmanuel Macron, Stephen Schwarzman, David Solomon, Goldman Sachs, Jamie Dimon, JP Morgan Chase, Amanda Blanc, Dominic Johnson, IFM, King Charles, William Schomberg, Alistair Smout, Louise Heavens, Mark Potter Organizations: British, Global Investment, Business, IFM, Microsoft, Blackstone, LBC, Nissan, Reuters, Thomson Locations: Hampton, East Molesey, Surrey, Britain, France, Germany, England, Buckingham

☆ UK's Sunak hails $37 billion investments before FDI summit
▼ + stars: | 2023-11-26 | by ( Alistair Smout | ) www.reuters.com time to read: +4 min

Australian funds IFM Investors and Aware Super will pump 10 billion pounds and 5 billion pounds, respectively, into projects ranging from infrastructure and energy transition to affordable housing, Sunak's Downing Street office said in a statement. Spanish power giant Iberdrola (IBE.MC) will add 7 billion pounds to its investment plans in Britain, which include transmission and distribution electricity networks, it said. France last year overtook Britain as the European country with the highest number of new FDI projects. French President Emmanuel Macron announced 13 billion euros ($14.18 billion)of investment commitments in his country at a similar FDI gathering in May. It wants to deal with one person," investment minister Dominic Johnson told Reuters ahead of Monday's event at Hampton Court.

Persons: Rishi Sunak, Ian Forsyth, Sunak's, Sunak, Emmanuel Macron, Stephen Schwarzman, David Solomon, Goldman Sachs, Jamie Dimon, JP Morgan Chase, Dominic Johnson, Jeremy Hunt, IFM, William Schomberg, Alistair Smout, Louise Heavens Organizations: Britain's, Nissan, IFM, Microsoft, Britain, Blackstone, Hampton Court, Thomson Locations: Sunderland, Britain, Spanish, Hampton, London, France, Germany, England, British

☆ Nissan invests $1.4 bln to build two new EV models in Britain
▼ + stars: | 2023-11-24 | by ( Nick Carey | ) www.reuters.com time to read: +3 min

Nissan has made its electric Leaf model in Sunderland for years and will continue to do so, with batteries supplied by a small plant at the site. It announced a $1.4 billion investment in 2021 to build a second, 9 gigawatt-hour (GWh) battery plant in Sunderland with Chinese partner Envision AESC. Nissan did not comment on the value of any subsidies or guarantees being provided by Britain. [1/4]Britain's Prime Minister Rishi Sunak and Chancellor of the Exchequer Jeremy Hunt attach a Nissan badge to a car as they visit the car manufacturer, Nissan, in Sunderland, Britain, November 24, 2023. But Sunak, who became prime minister a year ago, is having some success turning that around.

Persons: Rishi, Sunak, Nissan's, Alan Johnson, Rishi Sunak, Jeremy Hunt, Chancellor, Makoto Uchida, Brexit, Nick Carey, Sarah Young, Paul Sandle, Sonali Paul, Mark Potter Organizations: Nissan, Investment Summit, Britain, BBC, Britain's, India's Tata Motors, Rover, Thomson Locations: Sunderland, England, Britain, Europe, EVs

Search resuls for: "Sunak's"

25 mentions found