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Search resuls for: "Kemi Badenoch"


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☆ Women make up 40% of boards at top UK companies for first time
  + stars: | 2023-02-28 | by ( Industry Insight | Reuters Professional | Energy Crisis Spurs Drive To Address 'Blind Spot' Of Leaky Buildings | ) www.reuters.com   time to read: +2 min
In February 2022, the business-led FTSE Women Leaders Review set FTSE350 companies a 40% target for women on boards and in leadership teams by 2025, up from a previous target of 33%. The new goal was given official backing by the Financial Conduct Authority, which regulates listed companies, in April 2022, with the watchdog also including broader diversity targets. In contrast to countries such as Belgium and France, Britain does not have a mandatory quota system for women on boards at listed companies, making the progress more remarkable, the report said. Just over a decade ago, 152 of the FTSE 350 Boards had no women on them. Now there are women on every board and the vast majority of companies have three or more, it added.
☆ UK issues export bans on every item used by Russia in war
  + stars: | 2023-02-24 | by ( ) www.reuters.com   time to read: +2 min
LONDON, Feb 24 (Reuters) - Britain marked the one-year anniversary of the invasion of Ukraine by issuing more sanctions against Russia, including export bans on every item it has used on the battlefield and import bans of iron and steel goods. It will also ban the import of 140 goods including iron and steel products processed in third countries. "Trade sanctions are working. UK goods imports from Russia have fallen by 99%, since before the invasion, and goods exports to Russia have fallen by nearly 80%," Business and Trade Secretary, Kemi Badenoch, said. The meeting of G7 leaders and Zelenskiy is expected to discuss further sanctions on Russia.
☆ UK PM Rishi Sunak overhauls government departments after bumpy 100 days in power
  + stars: | 2023-02-07 | by ( Karen Gilchrist | ) www.cnbc.com   time to read: +1 min
U.K. Prime Minister has announced a mini overhaul of his government as he seeks to reassert his authority after a shaky first 100 days in office. U.K. Prime Minister Rishi Sunak on Tuesday unveiled a new government department focused on energy security and announced a mini reshuffle of his cabinet as he seeks to reassert his authority after a shaky first 100 days in office. Sunak named former business minister Grant Shapps as head of the newly launched Department for Energy Security and Net Zero, whose focus will be on securing "long-term energy supply, bringing down bills and halving inflation." The prime minister also appointed former Trade Minister Greg Hands as his new party chairman, replacing sacked Nadhim Zahawi, in a mini-reshuffle of his top leadership team. The U.K. previously had a Department of Energy and Climate Change, but it was merged with the business department in 2016.
☆ Davos 2023-'Open for business' Labour slams PM Sunak no-show
  + stars: | 2023-01-19 | by ( Brenda Goh | ) www.reuters.com   time to read: +3 min
DAVOS, Switzerland, Jan 19 (Reuters) - British Labour Party leader Keir Starmer set out his green growth plan in Davos on Thursday and criticised British Prime Minister Rishi Sunak for not showing up at the annual meeting of the World Economic Forum. "Somebody has got to be an ambassador for Britain and the prime minister and the chancellor are not here," she told a separate audience referring to finance minister Jeremy Hunt. "We are here to send a message that at the next election ... the British economy will be open for business again." Although Sunak did not attend the event, the British government did send Trade Minister Kemi Badenoch and Business Minister Grant Shapps to Davos. And former Prime Minister Boris Johnson also made an appearance, which he used to urge Britain's allies to double down on sending military equipment to Ukraine.
☆ British trade minister heads to India to kick off new round of trade talks
  + stars: | 2022-12-11 | by ( ) www.reuters.com   time to read: +3 min
LONDON, Dec 11 (Reuters) - British trade minister Kemi Badenoch will hold her first face-to-face meeting with her Indian counterpart on Monday in New Delhi in an effort to spark life into talks over a free trade agreement (FTA) between the countries. Former Prime Minister Boris Johnson in April set an ambitious target to agree an FTA with India by Diwali in October. New Prime Minister Rishi Sunak has said he is committed to getting a deal with India but won't sacrifice quality for speed, in a change of tone compared to Johnson. Badenoch, who was appointed to her role in September, will meet Indian Trade Minister Piyush Goyal and address the negotiating teams before the round of talks begins. We applaud the Secretary of State and Prime Minister for listening and prioritising substance over pace," said Andy Burwell, International Director at the Confederation of British Industry.
☆ British trade minister visits Washington
  + stars: | 2022-11-14 | by ( David Lawder | ) www.reuters.com   time to read: +1 min
LONDON, Nov 14 (Reuters) - British trade minister Kemi Badenoch will visit Washington on Monday to meet politicians and address business representatives to try to boost ties with the United States even as talks over a free trade deal have stalled. A U.S. free trade deal was touted as the one of the biggest prizes for Britain leaving the European Union. But hopes of a quick agreement were dashed when the incoming Biden administration put all free trade talks on ice. In the absence of a broader trade deal with the United States, Britain has been working to secure memorandums of understanding with individual states. The state-level MOUs have been criticised by the opposition Labour Party as being no substitute for a full U.S.-UK trade deal.
☆ UK minister Kemi Badenoch backs Rishi Sunak to be next PM
  + stars: | 2022-10-22 | by ( ) www.reuters.com   time to read: 1 min
Conservative leadership candidate Rishi Sunak arrives at Broadcasting House ahead of his appearance on BBC's Sunday with Laura Kuenssberg show in London, Britain September 4, 2022. REUTERS/Phil Noble/File PhotoLONDON, Oct 22 (Reuters) - Britain's trade minister Kemi Badenoch on Saturday backed former finance minister Rishi Sunak to be the next prime minister, ruling herself out of a leadership race she had considered entering. "Rishi Sunak is the man for the job," Badenoch said in an article for the Times newspaper. Sunak has yet to formally declare his intention to run in the race, but according to a Reuters tally, has enough backers to enter. Register now for FREE unlimited access to Reuters.com RegisterReporting by William James; Editing by Edmund BlairOur Standards: The Thomson Reuters Trust Principles.
☆ Could Boris Johnson be next U.K. prime minister? Liz Truss replacement race is on
  + stars: | 2022-10-21 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Patrick-Smith-Circle-Byline-Template.Jpg | Patrick Smith | ) www.nbcnews.com   time to read: +9 min
Some Conservative lawmakers have suggested they may even quit the party if Johnson wins. “His manipulation of the Conservative Party, his dishonesty and boosterism were all designed to cloak the absence of any realistic policies. Sunak commanded the support of more Conservative lawmakers than Truss, but lost out in the final members’ vote. But he is viewed as responsible for Johnson’s downfall by some allies of the former prime minister, who are unlikely to cheer a Sunak premiership. Starmer, the Labour Party leader, would be the clear favorite to be prime minister if an election were held any time soon.
☆ Yellen warns of 'geopolitical coercion' by Russia, China
  + stars: | 2022-10-12 | by ( Andrea Shalal David Lawder | Andrea Shalal | David Lawder | ) www.reuters.com   time to read: +2 min
WASHINGTON, Oct 12 (Reuters) - U.S. Treasury Secretary Janet Yellen on Wednesday said the global economy was facing "significant headwinds" and the United States was working to shore up its supply chains and guard against "geopolitical coercion" by Russia, China and others. "We know the cost of Russia's weaponization of trade as a tool of geopolitical coercion, and we must mitigate similar vulnerabilities to countries like China," Yellen said, underscoring Washington's determination to hold Russia accountable for its invasion of Ukraine and its initial blockade of food and energy shipments from the country. "Friend-shoring is not meant to be a tiny handful of countries. It's something that's meant to (gain) diversity...but still get the benefits of trade," Yellen said. Register now for FREE unlimited access to Reuters.com RegisterReporting by Andrea Shalal and Dan Burns; Editing by Mark Porter and Sam HolmesOur Standards: The Thomson Reuters Trust Principles.
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