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Britain and Australia agree free trade deal
  + stars: | 2021-06-15 | by ( ) www.reuters.com + 1.00   time to read: +1 min
British Prime Minister Boris Johnson gestures as he meets with his Australian counterpart Scott Morrison at Downing Street in London, Britain, June 15, 2021. REUTERS/Henry NichollsBritain and Australia announced a free trade deal on Tuesday which London said would eliminate tariffs on all British goods and boost jobs and businesses across the country. "Today marks a new dawn in the UK's relationship with Australia, underpinned by our shared history and common values," British Prime Minister Boris Johnson said in a statement. Britain said it had agreed a cap on tariff-free agricultural imports from Australia for 15 years with the aim of protecting farmers - a hot political issue in Britain ahead of the agreement. Cars, Scotch whisky and confectionery will be cheaper to sell in Australia because of the agreement, Britain said.
Persons: Boris Johnson, Scott Morrison, Henry Nicholls, London, Johnson Organizations: British, Australian, Downing, REUTERS, Thomson Locations: London, Britain, Henry Nicholls Britain, Australia, Downing
British Prime Minister Boris Johnson meets with Australian Prime Minister Scott Morrison at Downing Street in London, Britain, June 14, 2021. REUTERS/Henry NichollsBritain and Australia have agreed a trade deal after talks between their prime ministers ironed out outstanding issues, Australian Minister for Trade Dan Tehan said on Tuesday. The agreement will be Britain's first trade deal since Brexit, and comes as London seeks to expand commercial and diplomatic links in the Indo-Pacific region. The deal will be keenly scrutinised by British farmers, who fear they could be forced out of business if the deal eliminates tariffs on lamb and beef imports from Australia. Australian Minister for Trade David Littleproud declined to reveal specifics but said Australian farmers would benefit from the deal.
Persons: Boris Johnson, Scott Morrison, Henry Nicholls, Trade Dan Tehan, Morrison, Tehan, Trade David Littleproud, Littleproud, Ben Wellings Organizations: British, Australian, Downing, REUTERS, Trade, 4BC, Monash University, Thomson Locations: London, Britain, Henry Nicholls Britain, Australia, British, Asia
Britain and Australia announced a free trade deal on Tuesday which the British government hailed as an important step in building new trade relationships following its departure from the European Union. The deal is the first bilateral trade accord Britain has negotiated from scratch since leaving the EU last year. Britain is Australia's eighth-largest trading partner and Australia is Britain's 20th largest, with two-way trade worth A$26.9 billion ($20.7 billion). "This is the most comprehensive and ambitious agreement that Australia has concluded," Morrison said. Australian Minister for Trade David Littleproud said Australian farmers would benefit from the deal.
Persons: Scott Morrison, Johnson, Morrison, Boris Johnson, Henry Nicholls Read, Liz Truss, Trade David Littleproud, Littleproud Organizations: European Union, EU, Australian, British, Downing, REUTERS, Trans, Pacific, Trade, 4BC Radio, Thomson Locations: Britain, Australia, Europe, London
British police corruptly concealed failings over 1987 murder - report
  + stars: | 2021-06-15 | by ( ) www.reuters.com sentiment -1.00   time to read: +2 min
Panel members Michael Kellett, Rodney Morgan, Baroness Nuala O'Loan, Silvia Casale and Samuel Pollock arrive prior to reading out a statement following the publication of the Daniel Morgan Independent Panel report, at Church House, in London, Britain, June 15, 2021. REUTERS/Henry NichollsLondon's police corruptly concealed failings in the investigation of the 1987 murder of private investigator Daniel Morgan, an 8-year inquiry into the handling of the case has found. While the report by an independent panel found no fresh evidence of police involvement in the murder itself, chair of the panel, Nuala O'Loan, was scathing about how the case had been handled. "We believe that concealing or denying failings, for the sake of an organization's public image is dishonesty, on the part of the organisation, for reputational benefit. "Daniel Morgan deserved far far better than this, as did his family," Patel told lawmakers.
Persons: Michael Kellett, Rodney Morgan, Baroness Nuala O'Loan, Silvia Casale, Samuel Pollock, Daniel Morgan, Henry Nicholls London's, Morgan, Theresa May, Nuala O'Loan, irretrievably, O'Loan, Priti Patel, Patel Organizations: Church House, REUTERS, Metropolitan Police, Thomson Locations: London, Britain
'Corrupt' British police hid failings of murder investigation - report
  + stars: | 2021-06-15 | by ( ) www.reuters.com + 0.00   time to read: +3 min
Daniel Morgan was found murdered in a car park behind a pub in south-east London on March 10, 1987. He was killed with an axe which was found embedded in the back of his head. O'Loan was scathing about how the case had been handled - and about the various mistakes, poor police work and avarice of many officers concerned. She said opportunities to gather evidence were irretrievably lost during the first investigation, while forensic work in a second investigation was described by a senior officer as "pathetic". "We believe that concealing or denying failings, for the sake of an organization's public image is dishonesty, on the part of the organisation, for reputational benefit.
Persons: Michael Kellett, Rodney Morgan, Baroness Nuala O'Loan, Silvia Casale, Samuel Pollock, Daniel Morgan, Henry Nicholls LONDON, corruptly, Nuala O'Loan, Priti Patel, O'Loan, irretrievably, Patel, Alistair Smout, Guy Faulconbridge Organizations: Church House, REUTERS, Metropolitan Police, London's Metropolitan Police, Kingdom's, England, Thomson Locations: London, Britain, London's, Wales
London theatres face 'disastrous delay' for full re-opening
  + stars: | 2021-06-15 | by ( ) www.reuters.com + 0.00   time to read: +3 min
People stand next to St Martin's Theatre at London's West End in London, Britain, August 13, 2020. REUTERS/Henry NichollsLONDON, June 15 (Reuters) - At London's Dominion theatre, "The Prince of Egypt" cast rehearse a dance weeks ahead of the show's re-opening. The news was another hit to London's West End theatres forced to close last year because of the global pandemic. "A four-week delay to the theatre world is pretty much disastrous for a lot of people," Julian Bird, chief executive of the Society of London Theatre and UK Theatre, said. "The confusion and muddled-messages are reminiscent of a West End farce."
Persons: Henry Nicholls LONDON, Prince, Neil Laidlaw, Boris Johnson, Julian Bird, wouldn't, Howard Panter, Rosemary Squire, Andrew Lloyd Webber, Johnson, Webber, Liam Tamne, Ramses, Mindy Burrows, Marie, Louise Gumuchian, Sophie Royle, Alexandra Hudson Organizations: Martin's, REUTERS, Dominion, Reuters, British, Society of London Theatre, UK Theatre, Trafalgar Entertainment, Alexandra Hudson Our, Thomson Locations: London, Britain, Egypt
Delta variant doubles risk of COVID hospitalisation - Scottish study
  + stars: | 2021-06-14 | by ( ) www.reuters.com + 0.00   time to read: +2 min
REUTERS/Henry Nicholls/File PhotoThe Delta coronavirus variant doubles the risk of hospitalisation compared with the previously dominant variant in Britain, but two doses of vaccine still provide strong protection, a Scottish study found on Monday. British Prime Minister Boris Johnson is expected to delay the ending of COVID-19 restrictions in England on Monday, following a rapid rise in cases of the Delta variant, which is also more transmissible than the Alpha variant. Chris Robertson, Professor of Public Health Epidemiology, University of Strathclyde, said that adjusting for age and comorbidities, the Delta variant roughly doubled the risk of hospitalisation, but vaccines still reduced that risk. Two weeks after the second dose, Pfizer (PFE.N) BioNTech's vaccine was found to have 79% protection against infection from the Delta variant, compared to 92% against the Alpha variant. For Oxford-AstraZeneca's (AZN.L) vaccine, there was 60% protection against Delta compared with 73% for Alpha.
Persons: Henry Nicholls, Boris Johnson, Chris Robertson, Aziz Sheikh Organizations: Pfizer, Belmont Health, REUTERS, Alpha, Public Health, University of Strathclyde, Oxford, Delta, Institute, University of Edinburgh, Thomson Locations: Belmont, Harrow, London, Britain, Scottish, India, Kent, England, British, Scotland
WHO says Covid is spreading faster than the global distribution of vaccines
  + stars: | 2021-06-14 | by ( Rich Mendez | ) www.cnbc.com sentiment -0.82   time to read: +2 min
Siphiwe Sibeko | ReutersThe global spread of Covid-19 is moving faster than the global distribution of vaccines, World Health Organization officials said Monday. But the number of deaths reported this week is still similar to those reported last week, he said. "The global decline masks a worrying increase in cases and deaths in many countries." Countries in Africa are experiencing higher mortality rates among those suffering from Covid than other countries, he said. The higher mortality rates are especially concerning because African countries have reported fewer cases than most other regions.
Persons: Siphiwe Sibeko, Ghebreyesus, Henry Nicholls, Tedros Organizations: Reuters, Health Organization, Alpha, WHO, Pfizer, Belmont Health Locations: Joburg, South Africa, Covid, Belmont, Harrow, London, Britain, Africa
Live G7 Live Updates: Leaders Poised to Sign Declaration on Global Health The annual Group of 7 leaders summit is underway in Cornwall, England, with the pandemic, climate change, China and Russia on the agenda. The G7 leaders get down to business, taking on climate change and the pandemic. And the biggest obstacle come from the United States. Advertisement Continue reading the main storyWhat is the G7 summit, and why does it matter? Last year’s summit was canceled because of the pandemic, making this gathering the first in-person G7 Leaders’ Summit in almost two years.
Persons: Biden, Queen Elizabeth II, Jack Hill, coronavirus, Biden relishes, aren’t, Donald J, Trump, Ursula von der Leyen, Charles Michel, António Guterres, Narendra Modi, Melinda French Gates, Patrick Vallance, Henry Nicholls, Erin Schaff, West Germany —, , Vladimir V, Johnson, Boris Johnson of, Doug Mills, Boris Johnson, Winston Churchill, Franklin D, Roosevelt, ” Mr, ” David E, Sanger Organizations: Global, European Union, United Nations, Gates Foundation, Group, Credit, Facebook, Google, . Tax, The New York Times, United, Britain, , Atlantic Charter, ., New York Times, NATO, United States Locations: Cornwall, England, China, Russia, Paris, United States, Germany, Japan, France, Italy, Canada, Britain, India, South Korea, South Africa, Australia, British, Ireland, Biarritz, West Germany, Crimea, America, United, United Kingdom,
UK PM Johnson likely to delay England's final stage of reopening-media
  + stars: | 2021-06-12 | by ( ) www.reuters.com sentiment -1.00   time to read: +2 min
People walk along the South Bank, amid the coronavirus disease (COVID-19) outbreak, in London, Britain, June 5, 2021. REUTERS/Henry NichollsBritish Prime Minister Boris Johnson is set to delay lifting the remaining coronavirus restrictions in England as data shows a further rise in cases of the rapidly spreading Delta variant, British media reported. Johnson is due to announce on Monday whether the planned lifting of restrictions, which would see an end to limits on social contact, can go ahead on June 21. A four-week delay would push back the easing of restrictions to July 19. More than three-quarters of adults have received at least one dose of COVID-19 vaccine.
Persons: Henry Nicholls, Boris Johnson, Johnson Organizations: South, REUTERS, Daily Telegraph, Thomson Locations: South Bank, London, Britain, Henry Nicholls British, England, India, Scotland, Wales, Northern Ireland
Live G7 Live Updates: Biden and Putin Won’t Hold a Joint News Conference The news came as the annual Group of 7 leaders summit is underway in Cornwall, England, with the pandemic, climate change, China and Russia on the agenda. A U.S. official said that a solo press conference by President Biden would be “the appropriate format to clearly communicate with the free press” after meeting with President Vladimir V. Putin next week. Credit... Doug Mills/The New York Times After President Biden meets his Russian counterpart on Wednesday, the two men will not face the press at a joint news conference, United States officials said on Saturday. Now, under Mr. Biden, the biggest and most powerful member of the club has moved back toward consensus positions, though conflicts remain. Last year’s summit was canceled because of the pandemic, making this gathering the first in-person G7 Leaders’ Summit in almost two years.
Persons: Biden, Putin, Vladimir V, Doug Mills, Mr, Donald J, , , Trump, John McCain, Barack Obama, Obama, George W, Bush, ” Biden, Queen Elizabeth II, Jack Hill, coronavirus, Biden relishes, aren’t, Ursula von der Leyen, Charles Michel, António Guterres, Narendra Modi, Melinda French Gates, Patrick Vallance, Atul Loke, Tedros Adhanom, , pandemics, Merkel, Chancellor Angela Merkel of, Angela Merkel, Ms, Margaret Thatcher, Theresa May of, Kim Campbell, Jess Philips, Michael Kappeler, France Ian Langsdon, Canada Yves Herman, Italy Alessandro Bianchi, Markus Schreiber, Belgium Stephen Crowley, France Peter Dejong, Sean Gallup, Bill Clinton, cordons, Recyclemore, Rushmore, Boris Johnson, Will, Anthony Devlin, Johnson, Stephen Castle, Erin Schaff, West Germany —, , Henry Nicholls Organizations: News, U.S, New York Times, United, Trump, Mr, Biden, European Union, United Nations, Gates Foundation, Group, The New York Times, World Health Organization, Credit, Equality, European Commission, Independent, Federal Government, Associated Press, Reuters, Protesters, Getty, National Health Service, Britain, , Facebook, Google, . Tax Locations: Cornwall, England, China, Russia, United States, Helsinki, Lake Geneva, Russian, Ukraine, Northern Ireland, Slovenia, Paris, Germany, Japan, France, Italy, Canada, Britain, India, South Korea, South Africa, Australia, British, New Delhi, Chancellor Angela Merkel of Germany, Malbaie, Quebec, Biarritz, Taormina, Brussels, Belgium, Genoa, Birmingham, Baltic, Falmouth, hospitalizations, West Germany, Crimea, Ireland
Rising UK COVID cases are 'serious, serious concern', Johnson says
  + stars: | 2021-06-12 | by ( ) www.reuters.com + 0.97   time to read: +1 min
People leave a vaccination centre for those aged over 18 years old at the Belmont Health Centre in Harrow, amid the coronavirus disease (COVID-19) outbreak, in London, Britain, June 6, 2021. REUTERS/Henry NichollsRising COVID case numbers and hospitalisations are a matter of "serious, serious concern", British Prime Minister Boris Johnson said on Saturday, adding he was less optimistic about reopening the country than he was last month. "It's clear that the Indian variant is more transmissible and it's also true that the cases are going up, and that the levels of hospitalisation are going up," he told Sky News. "Now, we don't know exactly to what extent that is going to feed through into extra mortality, but clearly it's a matter of serious, serious concern." Johnson is expected to set out on Monday whether a planned lifting of coronavirus restrictions can go ahead on June 21, or whether rising cases will force it to be delayed.
Persons: Henry Nicholls, Boris Johnson, it's, Johnson Organizations: Belmont Health, REUTERS, British, Sky News, Thomson Locations: Belmont, Harrow, London, Britain
REUTERS/Henry Nicholls/File PhotoEurope's drug regulator on Friday identified another rare blood condition as a potential side effect of AstraZeneca's (AZN.L) COVID-19 vaccine and said it was looking into cases of heart inflammation after inoculation with all coronavirus shots. The European Medicines Agency's (EMA) safety committee said that capillary leak syndrome must be added as a new side effect to labelling on AstraZeneca's vaccine, known as Vaxzevria. People who had previously sustained the condition, where fluids leak from the smallest blood vessels causing swelling and a drop in blood pressure, should not receive the shot, the EMA added. Last month, the EMA had advised against using the second AstraZeneca shot for people with that clotting condition, known as thrombosis with thrombocytopenia syndrome (TTS). The committee reviewed six validated cases of capillary leak syndrome in people, mostly women, who had received Vaxzevria, including one death.
Persons: Henry Nicholls, BioNTech Organizations: AstraZeneca, REUTERS, Medicines, EMA, European Union, Pfizer, Health Ministry, Moderna, BioNTech, Thomson Locations: Westfield Stratford City, London, Britain, Liechtenstein, Iceland, Norway, United States, Israel
But how are investors picking their bets? The reopening hopes, alongside the summer weather, have also boosted hard-hit hospitality sector shares such as pub groups Mitchells and Butler and Wetherspoons. ‘STARTING TO BOOM’More than half of British adults have had two vaccine doses, double the percentage seen in many euro zone countries. Investors are also watching Citi's economic surprise index that measures the degree to which data is beating forecasts. The government has reduced the list of “green” countries tourists can visit, hitting shares in airlines EasyJet and British Airways operator IAG.
Persons: Henry Nicholls, , , Kasper Elmgreen, Jefferies, Travis Perkins, ” Jefferies, Butler, Phil Milburn, Milburn, Liontrust, Nomura, John Keeble, Keeble Organizations: REUTERS, UK Cinema Association, SUN Investment, Kingfisher, Liontrust’s, Milburn, Jefferies, JET, British Airways, Charter Company Locations: London, Britain, Europe, United Kingdom, United States, India, Luton, Iceland, Greece
Duchess Meghan releases debut children's book 'The Bench'
  + stars: | 2021-06-08 | by ( ) www.reuters.com sentiment -0.93   time to read: +1 min
Meghan, Britain's Duchess of Sussex, released her debut children's book on Tuesday, dedicating it to her husband Prince Harry and their two-year-old son Archie. Meghan has previously said the book, written with rhyming text, began as a Father's Day poem she wrote for Harry shortly after Archie was born in 2019. 1/5 A shop worker poses with "The Bench", a children's book written by Meghan, Britain's Duchess of Sussex, at a Waterstones store in London, Britain, June 8, 2021. REUTERS/Henry Nicholls Read MoreIn a handwritten-like note inside the book, Meghan wrote: "For the man and the boy who make my heart go pump-pump". Meghan also narrates an audio version of the book, which features watercolour illustrations by artist Christian Robinson.
Persons: Meghan, Britain's Duchess of Sussex, Prince Harry, Archie, Lilibet Diana, Queen Elizabeth, Harry's, Princess Diana, Harry, Henry Nicholls Read, Christian Robinson Organizations: REUTERS, Thomson Locations: London, Britain, California
What now for the G7 tax deal on multinationals?
  + stars: | 2021-06-07 | by ( Leigh Thomas | ) www.reuters.com + 0.00   time to read: +6 min
PARIS (Reuters) - The G7’s weekend agreement on a global minimum corporate tax rate and arrangements for taxing multinationals paves the way for a broader deal in the coming weeks that could reshape cross-border taxation for years to come. The whole idea of the global minimum tax is that it gives countries the right to add a top-up tax on company profits in countries with tax rates lower than the global minimum. The OECD calculated in October that a global minimum tax could yield $100 billion a year, or 4% of global corporate income tax. Ireland, where many U.S. tech companies have big operations, has said it will keep its 12.5% corporate tax rate regardless of what gets decided internationally. While the corporate tax rate in the Netherlands is 25%, the Dutch began this year taxing outbound royalty and interest payments to places where the corporate tax rate is below 9%, and plans to do the same for outgoing dividends from 2024.
Persons: Paolo Gentiloni, Eurogroup, Paschal Donohoe, David Malpass, Daniele Franco, Bruno Le Maire, Chrystia Freeland, Britain's, Rishi Sunak, Olaf Scholz, Janet Yellen, Mathias Cormann, Taro Aso, Henry Nicholls, That’s Organizations: PARIS, World Bank, Italy's, French Finance, Canada's Finance, IMF, Germany's, Treasury, Organisation for Economic Co, Development, Japan's, Lancaster House, REUTERS, Organisation for Economic Cooperation, OECD, Apple, Google, Finance Locations: London, Britain, Paris, Venice, United States, U.S, British Virgin Islands, China, NETHERLANDS, LUXEMBOURG, SWITZERLAND, Ireland, Switzerland, Netherlands
Britain's Chancellor of the Exchequer Rishi Sunak (R) welcomes US Treasury Secretary Janet Yellen to the G7 Finance Ministers Meeting at Lancaster House, central London on June 4, 2021. U.S. Treasury Secretary Janet Yellen said a global minimum rate would end "the race-to-the-bottom in corporate taxation." Organizations and charities that have long campaigned for global corporate tax rates to be higher largely panned the announcement on Saturday. "However, fixing a global minimum corporate tax rate of just 15 percent is far too low. It will do little to end the damaging race to the bottom on corporate tax and curtail the widespread use of tax havens."
Persons: Rishi Sunak, Janet Yellen, STEVE REIGATE, George Dibb, Biden, Squawk, Daniele Franco, Bruno Le Maire, Chrystia Freeland, Britain's, Olaf Scholz, HENRY NICHOLLS, Jim Reid, CNBC's, it's, Gabriela Bucher, Bucher, Gilles Moëc Organizations: US, Lancaster House, AFP, Getty, Finance, U.S . Treasury, Centre for Economic Justice, for Public Policy Research, CNBC, Canada's Finance, IMF, Germany's, Deutsche Bank, OECD, Oxfam International, pharma, Ireland, AXA Investment Locations: London, Canada, France, Germany, Italy, Japan, EU, U.S, Switzerland, Singapore
Amazon could escape new G7 measures to further tax tech giants, The Guardian reported. Amazon's slim profit margin could put it below a 10% threshold being considered for the tax. One criterion under discussion for selecting which companies to further tax is their profit margin, with a 10% threshold being discussed. Despite colossal sales, Amazon's profit margin is low because of its strategy of aggressive growth and reinvestment, as Vox reported. The global minimum tax rate also has its critics, such as Oxfam.
Persons: Janet Yellen, Vox, Richard Murphy, Henry Nicholls Organizations: Guardian, Amazon, Facebook, Google, Apple, Sheffield University, Reuters, Oxfam Locations: Europe, London, Ireland, Switzerland, Singapore
Reactions to birth of Meghan and Harry's baby
  + stars: | 2021-06-06 | by ( ) www.reuters.com + 1.00   time to read: 1 min
Britain's Prince Harry and Meghan, Duchess of Sussex, arrive for the annual Commonwealth Service at Westminster Abbey in London, Britain March 9, 2020. REUTERS/Henry Nicholls/File PhotoFollowing are reactions to the news that Meghan, Britain's Duchess of Sussex and wife of Prince Harry, has given birth to a baby girl:BRITISH PRIME MINISTER BORIS JOHNSON"Many congratulations to The Duke & Duchess of Sussex on the birth of their daughter." INVICTUS GAMES FOUNDATION, AN INTERNATIONAL SPORTING EVENT FOR WOUNDED AND SICK SERVICE PEOPLE AND VETERANS THAT WAS FOUNDED BY PRINCE HARRY:"Congratulations to our Patron The Duke of Sussex and to the Duchess of Sussex on the birth of their second child! Welcome to the #InvictusFamily Lilibet ‘Lili’ Diana Mountbatten-Windsor!" Our Standards: The Thomson Reuters Trust Principles.
Persons: Britain's Prince Harry, Meghan, Duchess of Sussex, Henry Nicholls, Britain's Duchess, Sussex, Prince Harry, BORIS JOHNSON, Duke, Duchess of, HARRY, Lili ’ Diana Mountbatten Organizations: Commonwealth Service, Westminster Abbey, REUTERS, FOUNDATION, Thomson Locations: London, Britain, Duchess of Sussex, Windsor
UK's Johnson calls on G7 to vaccinate world by end of 2022
  + stars: | 2021-06-05 | by ( Michael Holden | ) www.reuters.com sentiment -0.96   time to read: +2 min
REUTERS/Henry NichollsBritish Prime Minister Boris Johnson on Saturday called for leaders of the Group of Seven (G7) rich nations to make a commitment to vaccinate the entire world against COVID-19 by the end of 2022 when they meet in Britain next week. read more"Vaccinating the world by the end of next year would be the single greatest feat in medical history," Johnson said in a statement. "I’m calling on my fellow G7 leaders to join us to end this terrible pandemic and pledge we will never allow the devastation wreaked by coronavirus to happen again." And health experts have warned that unless more COVID shots were donated, the virus will continue to spread and mutate. Britain has ordered more than 500 million doses of COVID-19 vaccine for its population of 67 million and says it will donate any shots it does not need.
Persons: Henry Nicholls, Boris Johnson, Johnson, Joe Biden, Janet Yellen Organizations: Pfizer, Hunter, Health, REUTERS, COVID, European Union, U.S, Treasury, Thomson Locations: London, Britain, Henry Nicholls British, Germany, France, United States, Italy, Japan, Canada, Cornwall, England, U.S
“G7 finance ministers have reached a historic agreement to reform the global tax system to make it fit for the global digital age,” British finance minister Rishi Sunak said after chairing a two-day meeting in London. German finance minister Olaf Scholz said the deal was “bad news for tax havens around the world”. “Companies will no longer be in a position to dodge their tax obligations by booking their profits in the lowest-tax countries,” he added. Irish finance minister Paschal Donohoe, whose country is potentially a big loser with its 12.5% tax rate, said any global deal also needed to take account of smaller nations. Sunak said the deal was a “huge prize” for taxpayers, but it was too soon to know how much money it would raise for Britain.
Persons: Paolo Gentiloni, Eurogroup, Paschal Donohoe, David Malpass, Daniele Franco, Bruno Le Maire, Chrystia Freeland, Britain's, Rishi Sunak, Olaf Scholz, Janet Yellen, Mathias Cormann, Taro Aso, Henry Nicholls, ” Sunak, Rich, Joe Biden’s, Sunak Organizations: Apple, World Bank, Italy's, French Finance, Canada's Finance, IMF, Germany's, Treasury, Organisation for Economic Co, Development, Japan's, Lancaster House, REUTERS, Britain, Facebook, Locations: United States, Britain, London, COVID, London . U.S, Venice, Ireland, Germany, France
'Delta' variant behind renewed COVID spread in England, ONS suggests
  + stars: | 2021-06-04 | by ( ) www.reuters.com sentiment -1.00   time to read: +1 min
Demonstrators attend an anti-lockdown and anti-vaccine protest, amid the spread of the coronavirus disease (COVID-19), in London, Britain, May 29, 2021. The estimates - based on samples of the population - also suggested the UK variant of COVID was no longer the dominant strain in England. "In the week ending 29 May 2021, we have seen an increase in cases in England that are not compatible with the UK variant... these are likely to be the variant ... first identified in India," the ONS said. The delta variant is thought to spread more rapidly than the previously dominant UK variant, although experts say that vaccines still offer protection against severe disease. Last month, Public Health England said two shots of COVID-19 vaccine were almost as effective against the delta variant as they were against the UK variant.
Persons: Henry Nicholls, Boris Johnson Organizations: REUTERS, National Statistics, Public Health England, Thomson Locations: London, Britain, England, India
London's West End unite to declare 'The Show Must Go On'
  + stars: | 2021-06-03 | by ( Jeremy Schultz | ) www.reuters.com + 1.00   time to read: 1 min
Actor Jordan Luke Gage, who plays Romeo in "& Juliet" and is gearing up to star in “Heathers”, said the existence of "The Show Must Go On" highlighted how loved the theatre industry was. "It is the heartbeat of so many people's lives. "It is the heartbeat of so many people's lives. And it kind of takes losing something for you to realise how important it is," he said. He added he was remaining positive about potential delays to the June 21 goal.
Persons: Jordan Luke Gage, Romeo, Juliet, Heathers ”, Henry Nicholls Organizations: REUTERS
UK reports highest share of businesses open since June 2020
  + stars: | 2021-06-03 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: 1 min
FILE PHOTO: The City of London financial district can be seen as people walk along the south side of the River Thames, amid the coronavirus disease (COVID-19) outbreak in London, Britain, March 19, 2021. REUTERS/Henry Nicholls/File PhotoLONDON (Reuters) - The proportion of British businesses that were open in the first half of May rose to its highest since June 2020 at 87%, up from 83% in the previous two-week period, as COVID restrictions lifted, official figures showed on Thursday. The proportion of employees on furlough sank to 8%, equivalent to 2.1 million workers and the lowest since October, in line with an earlier provisional estimate. “The scheme is naturally winding down as people get back to work and take advantage of the opportunities out there in the jobs market,” finance minister Rishi Sunak said after the data was released.
Persons: Henry Nicholls, Rishi Sunak Organizations: REUTERS Locations: London, Britain
UK to see 'eye-popping' growth after services PMI hits 24-year high
  + stars: | 2021-06-03 | by ( David Milliken | ) www.reuters.com sentiment -0.89   time to read: +2 min
Thursday's data adds to signs that Britain is enjoying a very rapid initial rebound as lockdown rules relax. Earlier this week the Organisation for Economic Cooperation and Development forecast Britain would see the fastest growth of any major economy this year. The PMI showed that the biggest rise in prices charged by services businesses since the survey began in 1996 due to a jump in staffing costs, transport bills and the price of raw materials. However, demand was very much domestically driven and the survey showed services exports fell. Businesses blamed this on a mix of COVID travel restrictions and post-Brexit restrictions on their ability to sell services in the European Union.
Persons: Henry Nicholls, Tim Moore Organizations: Covent Garden, REUTERS, IHS, CIPS, PMI, for Economic Cooperation, Development, Bank of England, Staff, European Union, Thomson Locations: Covent, London, Britain, United States, Germany, Japan
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