Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "British"


25 mentions found


He recently told the Wall Street Journal editorial board that Chinese President Xi Jinping respects him but also knows he’s “crazy” and wouldn’t provoke him. But Chinese officials might also see potential for Musk to be a mitigating influence on issues such as tariffs. Like other American business leaders, Musk has met with senior Chinese officials as Beijing courts international companies. AP fileIf Chinese officials receive Musk almost like a world leader, the Chinese public treats him like a rock star. Chinese officials have not been shy about making the connection between what Musk says and where he makes his money.
Persons: Donald Trump, Elon Musk, Jia Qingguo, Trump, ” Jia, Xi Jinping, he’s, ” Trump, Joe Biden’s, , they’re, , Kelly Grieco, Musk, Li Qiang, Qin Gang, ” Grieco, Jennifer Lian, Henry Kissinger, Ian Bremmer, Tesla, Kuan, “ He’s, ” Tesla, Li Keqiang, Li, ” Musk, Grieco, didn’t, Xi, Qin, Hsiao, Kamala Harris, Janis Mackey Frayer, Jennifer Jett Organizations: SHANGHAI, Trump, Peking University, NBC News, Wall Street, Stimson, Qin, Weibo, Communist Party ., Eurasia Group, SpaceX, Shanghai Gigafactory, Getty, U.S, Shanghai, NBC, Global Times, Financial Times, Beijing, Washington, U.S ., Democratic Locations: China, Beijing, Musk, Washington, U.S, United States, York, Shanghai, Chinese, Jiangsu, Xinjiang, Taiwan, Hong Kong, Starlink, Ukraine, Russian, British, European
Five-star carrier Singapore Airlines is investing $830 million to retrofit 41 Airbus A350 planes. Business class doors are increasingly popular as flyers demand more privacy in high-dollar cabins. The privacy door, a flyer favorite, is an increasingly popular perk in business class. Singapore opted for privacy wings instead of a door on its existing A350 business class, which Business Insider flew in January 2023. Singapore's A350-900ULR will add three business class seats but lose 36 premium economy seats to make room for first class.
Persons: , Taylor Rains, Goh Choon Phong Organizations: Singapore Airlines, Boeing 777X, Service, Airbus, Singapore, Business, Insider Airlines, Air, American Airlines, British Airways, Korean Air, Turkish Airlines, Boeing, Qatar Airways, Cathay Locations: Qatar, Air India, Singapore, New York City, Singapore Airlines Singapore, London, Hong
The fine points to a Russian legal system focused more on symbolic punishment than enforcement. All the same, that is what a Russian court maintains the company owes, as punishment for suspending accounts from YouTube. Related storiesLegal experts told Business Insider what it symbolizes is a Russian legal and economic system estranged from much of the world. AdvertisementRussia has effectively annulled intellectual property rights, enabling its companies to freely use patents and designs from Western companies. The scholars BI spoke to did not expect any other nation's court to try to enforce the Google fine.
Persons: , Dmitri Peskov, Tyler Kustra, Kustra, Heineken, Christine Abely, Abely, Nathanael Tilahun, hasn't, Oleksandra, Snellman Organizations: YouTube, Google, Service, UK's University of Nottingham, Deutsche Bank, Commerzbank, New England Law, University of Essex, Bloomberg Locations: Russian, Russia, Ukraine, Dutch, Hong Kong , South Africa, Netherlands
China's e-commerce giants stopped reporting Singles Day GMV in 2022 during the pandemic. Singles Day GMV this year as of Oct. 30 was 845 billion yuan ($119.1 billion), according to research firm Syntun. Subsidies boost appliancesHelping boost sales this Singles Day are China's subsidies for trade-ins of home appliances, launched in late July. They predict 4% to 5% growth in Singles Day GMV, with sales in the home appliance category supported by the trade-in program. "Something that kind of came out of nowhere, into all of a sudden really, really big numbers."
Persons: Alibaba, Jacob Cooke, JD's, ByteDance's Douyin, Cooke, Louis Vuitton, we've, UOB Kay Hian, JD.com, Dave Xie, Oliver Wyman, Xie, There's, Liang, Chiikawa, Taobao, Tmall Organizations: Visual China, Getty, Alibaba, Technologies, CNBC, Louis Locations: Lianyungang, Jiangsu Province, China, BEIJING, Asia, Alibaba, British
Kardashian bought the necklace at an auction for nearly $200,000 in 2023. Kardashian has a penchant for vintage fashionThe necklace isn't the first famous archival piece Kardashian has bought at an auction. AdvertisementIn addition to her auction purchases, Kardashian is also known to borrow vintage pieces for red carpets. Kim Kardashian attends the Academy Museum Gala in October 2024. Fashion enthusiasts were concerned she damaged the vintage piece, but Kardashian and Ripley's Believe It or Not, which owns the gown, denied those claims.
Persons: Kim Kardashian, Princess Diana, Kardashian, , Gucci, Bauer, Griffin, Princess Diana's, Garrard, Naim Attallah, Sotheby's, Diana, Tim Graham, Attallah, Catherine Walker, Alberto E, Rodriguez, Michael, Jackie Kennedy, Martin Nolan, Nolan, it's, Emma McIntyre, Marilyn Monroe's Organizations: Service, Angeles County Museum of Art, Axelle, Getty, Julien's, Academy Museum, Academy Museum of Motion Locations: Palestinian, British, West
But on Saturday, at the LACMA Art+Film Gala in Los Angeles, Kardashian debuted another cultural artifact — a diamond-lined cross pendant, once a favorite of Princess Diana. Alberto E. Rodriguez/WireImage/Getty ImagesKardashian bought the piece for £163,800 (around $212,000) in January 2023 during the final five minutes of a Sotheby’s auction. Her red carpet appearance over the weekend marked the first time the necklace has been worn in public since Diana’s death in 1997. Kardashian styled the necklace differently, shortening the pearl chain significantly, and wearing it alongside a stack of jewels, including a six-strand pearl choker. “Why are we still giving this woman precious heirlooms like Diana’s necklace after she broke Marilyn’s dress,” wrote one commenter on Instagram.
Persons: CNN — Kim Kardashian, Marilyn Monroe, Janet Jackson, Jackie Kennedy, Elizabeth Taylor’s, Lorraine Schwartz, Michael Jackson, Kardashian, Princess Diana, Alberto E, Rodriguez, Garrard, Naim Attallah, Diana, Catherine Walker, Kim, neckline, , Kristian Spofforth Organizations: CNN, CNN’s Royal Locations: Los Angeles, Palestinian, British, London
Key ports on Canada's West Coast, including its largest container port in Vancouver and the Port of Prince Rupert, were shut down by a labor strike on Monday. According to the Greater Vancouver Board of Trade, $800 million in trade flows through West Coast ports every day. Montreal processes 40% of all East Coast container traffic. Approximately $572 million in container trade arrives daily in the U.S. from Canada, according to U.S. Census data. A temporary loss of the Canadian West Coast trade gateway could push carriers to discharge import cargo along the already strained U.S. West Coast, said Alan Baer, CEO of OL USA, further increasing the dwell time of containers and elongating overall transits.
Persons: of Prince Rupert, Vancouver and Prince Rupert, Prince Rupert, Eric Byer, Paul Brashier, Alan Baer, Steve Lamar, Frank Morena, Steven MacKinnon Organizations: Greater, Greater Vancouver Board of Trade, Local, Port, Canadian Union of Public Employees, U.S . Department of Transportation, Alliance for Chemical, Canadian Pacific Kansas City, Canadian National Railway, Logistics, International, Warehouse Union of Canada, ITS Logistics, East, Canadian West, USA, U.S ., American Apparel and Footwear Association, British Columbia Maritime Employers Association, Federal Mediation, Conciliation Services, Canada, ILWU, U.S, Canadian Labor Locations: West Coast, Vancouver, of, Foreman, Greater Vancouver, U.S, Port of Montreal, Montreal, United States, of Vancouver, Canada, Canadian West Coast, Port, Midwest, Asia, U.S . West Coast, Los Angeles, Long Beach , California, British Columbia, American, British, East Coast
In a chaotic scene, mud, objects and insults were flung at the king as his entourage attempted to hold back a crowd yelling, "Murderers, murderers!" In one heated exchange, a young man told King Felipe, “It was known and nobody did anything to avoid it,” referencing a belief that the government did not do enough to warn residents of the dangers the rains would bring. King Felipe VI of Spain, center, is heckled during his visit to Paiporta on Sunday, as mud and objects were throw at him. MANAURE QUINTERO / AFP - Getty ImagesResidents called the king a murderer and told him to get out. Alberto Saiz / APVolunteers and residents sweep mud in Paiporta.
Persons: King Felipe VI, King Felipe, King Felipe VI of Spain, MANAURE QUINTERO, Luis Javier Gonzalez, Alberto Saiz, Angel Garcia, AP Alejandro Vidal, Cristina Hernandez, NBC's, Pedro Sánchez, ” Sánchez Organizations: Getty, Sunday, Associated Press, of Arts and Sciences, Sunday . Volunteers, AP Volunteers, AP, Sky Locations: Spain, Paiporta, , AFP, Valencia, Miami, Valencia’s, Valencia's, NBC's British
It has nine intakes of 20 cadets this year for its Airline Transport Pilots Licence (ATPL) course that costs £105,500 ($136,000). It acquired another site in Vero Beach, Florida, where UK cadets spend six months of their course. Related Video Why flying is so terrible even though airlines spend billionsBooth says airlines are "very much knocking on our door" as they look to recruit new pilots. Skyborne cadets and British Airways CEO Sean Doyle at this year's Farnborough Airshow. Courtesy of British AirwaysLife at SkyborneWhen a new course starts at Skyborne, cadets move into the academy's accommodation in nearby Cheltenham.
Persons: , Carla Booth, Booth, Oliver Wyman, Skyborne, Sean Doyle, Vicky Harriss, Libby Roebuck, Roebuck, There's, she's, I've, Harriss, Diamond, Pete Syme, They've Organizations: Business, Service, Gloucestershire, Airline, Delta Air Lines, British Airways, Speedbird, Academy, BI, TUI Airways, International Civil Aviation Organization, Airlines, Cadets, Piper, Boeing, Max, Airbus Locations: Florida, India, England, Vero Beach , Florida, America, Farnborough, Skyborne, Cheltenham, TUI
Nor, he said, was he motivated by the claim that UNRWA perpetuates Palestinian refugee status. AFP/Getty ImagesThe entrance to Aida Refugee Camp, near Bethlehem, in the occupied West Bank. “If they shut down UNRWA, that means there is no Palestinian refugee cause. Dawoud Abo Alkas/Anadolu/Getty ImagesAn UNRWA school in al-Am'ari Refugee Camp, in Ramallah, in the West Bank. Nur Shams refugee camp near Tulkarm, in the Israeli-occupied West Bank, after an Israeli raid in September.
Persons: Jerusalem CNN — Benjamin Netanyahu, , , Nikki Haley, , Israel –, Donald Trump’s, Netanyahu –, Trump’s, Works Agency for Palestine Refugees – Netanyahu, , Boaz, Hani Alshaer, Israel, ” –, Netanyahu, Aaron David Miller, Mick Krever, ” Philippe Lazzarini, they’re, Diana Buttu, ’ Saleh Shunnar, “ Israel, Miller, Mahmoud Issa, Deir, Abd Abu Amra, Dawoud Abo, Issam, Chris Sidoti, Nadav Tamir, , Nur Shams, Mohamad Torokman, Jerusalem –, don’t, ” Tamir, Zeena, Abeer Salman, Mohammed Al, Shira Gemer Organizations: Jerusalem CNN, US, United, UN, United Nations Relief, Works Agency for Palestine Refugees, West Bank, UNRWA, Israel Defense Forces, Qassam, Anadolu Agency, Getty, Washington Post, Assembly, CNN, Refugees, UNHCR, Reuters, Dawoud, Dawoud Abo Alkas, East, UN’s Independent International Commission of, Geneva Convention, Anadolu, J, Israel Locations: Jerusalem, Israel, American, Gaza, , Hamas, Be’eri, British, Palestine, AFP, Bethlehem, Swiss, , Deir Al, Palestinian, Gaza City, Anadolu, al, Ramallah, Lebanon, Jordan, Syria, East Jerusalem, Australian, Palestinian Territory, “ Israel, Geneva, New York, Tulkarm
TGI Fridays, an American casual dining chain, said on Saturday that it has filed for Chapter 11 bankruptcy protection after grappling with prolonged financial challenges and a collapsed deal with UK-based Hostmore. Privately owned by TriArtisan Capital Advisors, TGI Fridays has been a beloved dining destination since its inaugural bar opened in Manhattan, New York, over five decades ago, in 1965. TGI Fridays, owner and operator of 39 domestic “Thank God it’s Friday!” restaurants, said it maintains operations across its corporate-owned ‘happy hour’ dining places in the U.S., adding that it has secured a financing commitment to support operations. Rohit Manocha, executive chairman of TGI Fridays, said: “The primary driver of our financial challenges resulted from COVID-19 and our capital structure. Hostmore, which operated TGI Fridays in Britain through its unit Thursdays (UK), saw its shares crash 90% after the news, and later announced its intention to enter administration, overwhelmed by debt.
Persons: God, Rohit Manocha, Organizations: U.S, Northern, Northern District of, TriArtisan Capital Advisors Locations: American, Northern District, Northern District of Texas, Manhattan , New York, U.S, COVID, British, Britain
Britain’s Conservative Party on Saturday elected Kemi Badenoch as its new leader as it tries to rebound from a crushing election defeat that ended 14 years in power. Badenoch defeated rival lawmaker Robert Jenrick in a vote of almost 100,000 members of the right-of-center party. Badenoch replaces former Prime Minister Rishi Sunak, who in July led the Conservatives to their worst election result since 1832. The Conservatives lost more than 200 seats, taking their tally down to 121. But the party also lost many voters to the winning party, Labour, and to the centrist Liberal Democrats, and some Conservatives worry that tacking right will lead the party away from public opinion.
Persons: Kemi Badenoch, Badenoch, Robert Jenrick, Rishi Sunak, Keir Starmer’s, , Nigel Farage Organizations: Britain’s Conservative Party, Conservatives, Labour, Conservative, Reform, Liberal Democrats Locations: British, London, Nigerian, West, wokeness, Badenoch
CNN —The Mary Rose was a royal favorite when it first set sail as the flagship of King Henry VIII’s fleet in 1512. After the Mary Rose came to rest at the bottom of a strait in the English Channel, a layer of silt cloaked the ship and the hundreds of crew who died on board. Now, researchers are studying the objects and bones from the wreck to better understand who the men were and how they lived. Ocean secretsThe wreckage of the Mary Rose is on display at The Mary Rose Museum in Portsmouth, England. The Mary Rose TrustScientists now see how the tasks of life on a ship shaped the bone chemistry of 12 crew members from the Mary Rose by analyzing their collarbones.
Persons: Mary Rose, King Henry VIII’s, , Luke Parry, Parry, Ne’Kiya Jackson, Calcea Johnson, Ashley Strickland, Katie Hunt, Jackie Wattles Organizations: CNN, Mary Rose Museum, Mary Rose Trust, paleobiology, University of Oxford, Caltech, Tombstone, NASA, CNN Space, Science Locations: French, Tudor England, Portsmouth, England, New York, United States, Jamestown , Virginia, Belgium, North America, Tanzania, Louisiana, Mexico, Valeriana
Almost 50,000 pounds of artisanal cheese were stolen in a sophisticated heist in the UK. AdvertisementOne of the most sophisticated cheese heists in history has left British cheesemakers reeling and facing an uncertain future. Neal's Yard unwittingly delivered the cheese, estimated to be worth about £300,000 ($390,000), to the fraudsters before realizing they were not legitimate buyers. "One of the things that made it so appealing was thinking that we'd see British cheese in a French supermarket." Calver said Neals Yard Dairy's ability to survive the financial loss is critical for the sector.
Persons: , fraudsters, Matt Austin, Ben, we'd, Trethowan, Tom Calver, they've, we've, Ticehurst, Brothers Todd, Maugan, David Lockwood, Calver, Todd Trethowan, Nicholas Saunders, Randolph Hodgson Organizations: Service, BBC News, Metropolitan Police, Business, Westcombe, Neal's Locations: French, British, London, Netherlands, Gouda, Trethowan, cheddar, Covent Garden
Badenoch defeated Robert Jenrick in a vote of party members by 53,806 votes to 41,000, after a months-long contest to replace Rishi Sunak as leader. Her task now is to revive a party still coming to terms with its worst ever election result. A contentious campaignTwo Conservatives contested this election, but many in the Labour party feel like they won it. Kemi Badenoch is congratulated by her husband Hamish, Robert Jenrick and wife Michal Berkner after winning the Conservative Party leadership contest on Saturday. On policy, however, Badenoch is sure to drag the opposition party to the right.
Persons: CNN — Britain’s, Kemi Badenoch, Badenoch, Robert Jenrick, Rishi Sunak, She’s, Keir Starmer, ” Badenoch, Liz Truss, Sunak, Jenrick, Hamish, Michal Berkner, Dan Kitwood, Nigel Farage, Brexiteers, , ” Starmer’s Organizations: CNN, Conservative Party, Labour, Tory, Conservatives, Conservative, Spectator, Reform, Britons, Liberal Democrats, BBC, European Union, European, Human, Starmer Locations: British, , Britain, Nigerian, Nigeria, McDonald’s, Badenoch, Europe, Rwanda
Airbnb is running a competition for families to win a free stay in a house in Primrose Hill, London. Locals told Business Insider they're tired of tourists flocking to the street. AdvertisementAirbnb's plan to host a competition for an overnight stay on a picturesque street featured in the "Paddington" movies has seemingly not gone down well with local residents. AdvertisementIn a press release for the competition, Airbnb said bookings for the property would open on November 3. ReutersIt's not the first time Airbnb has created immersive stay experiences based on popular movies and television shows.
Persons: they're, , Barbie Dreamhouse, I'm, Eve Crosbie, Airbnb, Reuters It's, Ted Lasso Organizations: Locals, Service, Gardens, Paddington, Browns, Business, Camden New Journal, Community Association, Windsor Gardens, British Film Institute, Reuters, Apple Locations: Primrose Hill, London, Primrose, Paddington Bear, Peru, Malibu, Chalcot, Windsor, Richmond , London
The question for Ukraine is whether Kursk will fare better than Germany's Battle of the Bulge. AdvertisementWhen Ukraine unleashed its Kursk offensive in August, it wasn't just the Russians who were surprised. By massing forces for offensives in eastern Ukraine, this thinned out the rest of the 600-mile front line, including the Kursk region. For example, "Ukraine's military announced the 61st Mechanized Brigade would be moving to Vovchansk, a city in the northern sector of the fighting in eastern Ukraine," said TRADOC. Allied cryptographers had broken high-level German radio codes (the "Ultra" program), but German forces employed radio silence, and orders were conveyed by courier and telephone.
Persons: , TRADOC, Hitler, Oleksandr Syrskyi, wouldn't, Ukraine prepped, Michael Peck Organizations: Service, US, Kremlin, British, Armed Forces of, 61st Mechanized Brigade, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: Russia, Ukraine, Kursk, Germany, Normandy, Ardennes, Belgium, Armed Forces of Ukraine, Nazi, Moscow, Forbes
Collins Dictionary announced "brat" as its word of the year Friday, calling it a "cultural phenomenon that has resonated with people globally." The word sparked a cultural movement after British artist Charli XCX released her sixth studio album, “Brat,” in June. "Brat summer established itself as an aesthetic and a way of life,” Collins Dictionary wrote on its website. It defined “brat" as having “a confident, independent, and hedonistic attitude.”Representatives for Charli XCX did not immediately respond to a request for comment. While some mistook "brat" as having a negative connotation, Charli XCX and her fans declared that it was someone who was unapologetically themselves.
Persons: Charli XCX, , Kamala Harris, ” Collins, XCX, Taylor Swift’s, romantasy, they’ve Organizations: Collins,
Charlotte Kates, a New Jersey native and Rutgers Law School graduate who co-founded the pro-Hamas organization Samidoun, has become the focus of an ongoing legal debate: When does free speech cross the line into breaking federal anti-terrorism laws? Germany banned the organization last November, and Israel designated it a terrorist organization in 2021. Kates’ open support of terrorist organizations puts her in the middle of a growing legal dispute: When does free speech cross the line into breaking federal anti-terrorism laws? “As far as I’m concerned, this is legitimate political advocacy, unpleasant as it may be.”What is ‘knowingly’ coordinating with a terrorist organization? “You don’t have a right to pick and choose which law to follow.”Not all federal law enforcement experts agree with Burns’ approach.
Persons: Charlotte Kates, Kates, , ” Kates, Samidoun, Tom Petrowski, ” Petrowski, Dr Basem Naim, Odysee Petrowski, David Goldberger, Goldberger, , , Basem Naim, Naim, Israel “, Andrew Lichtenstein, they’re, John Roberts, Stephen Breyer, Sonia Sotomayor, Ruth Bader Ginsburg, “ We’re, “ It’s, Frank Figliuzzi, ” Figliuzzi, Daniel Richman, webinars, ” Richman, “ Definitionally, Khaled Barakat, Barakat, ” Samidoun, Lara Burns, Burns, George, ” Burns, Barbara McQuade, ” McQuade, McQuade, webinar Organizations: Rutgers Law School, NBC News, Treasury, Canadian, Republican, Justice Department, FBI, Civil, Terrorism Task Force, Hamas, Samidoun, Odysee, Palestine Islamic, American Civil Liberties Union, YouTube, , Columbia University, Supreme, Kurdistan Workers ’ Party, Liberation Tigers, NBC, Columbia, Treasury Department, Front, Liberation, PFLP, Palestine, Palestinian, Columbia University Apartheid, World Trade, Patriot, Brandenburg, Land Foundation, George Washington University’s Program, Extremism, Islamic State, Eastern, Eastern District of Locations: New Jersey, Vancouver , British Columbia, U.S, South Africa, Germany, Israel, Vietnam, Dallas, Palestine, American, Skokie , Illinois, New York, Chicago, New York City, Kurdistan, Tamil Eelam, webinars, Swiss, Instagram, Brandenburg v . Ohio, Texas, Eastern District, Eastern District of Michigan
FARUKH NAGAR, India — The words “Indian Fireworks” are spelled out faintly in Hindi on the disused storefront. The small factory and dozens of others in this town a couple of miles from India’s capital, New Delhi, once produced a dizzying array of fireworks. Now there are neither fireworks nor any shoppers at the abandoned workshops of Farukh Nagar, which had produced the pyrotechnics since before the country’s independence from British colonial rule in 1947. The town stands as a grim reminder of the government’s crackdown on pollution and what it deems dangerous fireworks. “No place celebrated Diwali like we did.”
Persons: FARUKH, Farukh, gifting, , Mohammed Hamid Locations: FARUKH NAGAR, India, India’s, New Delhi
CNN —Jimmy Chin has done many memorable things in his time, but the adventure athlete and Oscar-winning filmmaker is still more used to documenting big stories than becoming the story itself. (credit: Jimmy Chin) Jimmy Chin/National Geographic/PA Media“It was like finding a needle in a thousand haystacks,” Chin added. They, along with Natalie Hewit, directed “Endurance,” a thrilling retelling of the discovery of the lost ship Endurance. CNN: Why do you think Shackleton remains such an enduring figure of fascination and inspiration? Chin: I think there’s some consensus that this is one of the greatest stories of survival ever told.
Persons: Jimmy Chin, , Elizabeth Chai Vasarhelyi, Chin, George Mallory, Andrew “ Sandy ” Irvine, Edmund Hillary, Tenzing Norgay, , ‘ A.C, ’ ”, ” Chin, Vasarhelyi, Natalie Hewit, Ernest Shackleton, Frank Hurley, Shackleton, it’s, that’s, Hurley, they’ve, we’ve, Jimmy –, they’re, Jimmy, Doug, Kris Tompkins, Alex Honnold, I’ve, Alex, He’s Organizations: CNN, British, Endurance, British Film Institute, Geographic, Disney Locations: Mallory’s, Irvine, Everest, Weddell, Lansing, Dominican Republic, Shackleton, Chile, Patagonia
AdvertisementThe days of European carmakers dominating China's luxury vehicle market are over. A study by AlixPartners found that Chinese automakers released 40 over-the-air software updates between March 2023 and February this year, compared with just two from legacy automakers. AdvertisementHard to quitDespite a challenging environment, Western premium automakers can ill afford to give up on China. As well as increased competition, European automakers face a geopolitical headache. AdvertisementTim Urquhart, principal automotive analyst at S&P Global Mobility, told BI the European Union's tariffs on Chinese automakers meant Beijing could impose levies on European car imports in retaliation.
Persons: , Aston Martin, James Bond, Chris Brownridge, BYD, Lutz Meschke, Max, Xiaomi, Steve Dyer, Dyer, AlixPartners, Mercedes, GAO, China's, Tim Urquhart, Urquhart Organizations: BMW, Mercedes, Benz, Porsche, Service, upstarts, Volkswagen, Royce, British, Bloomberg, Reuters, Getty, P Global Mobility Locations: China, British, London, Korea, Western Europe, Beijing
The lower capital gains tax rate was increased to 18% from 10%, while the higher rate climbed to 24% from 20%. Reeves said the increases will help bring in £2.5 billion ($3.2 billion) of additional capital to the public purses. Still, Reeves said the U.K. would still have the lowest capital gains tax rate of any European G7 economy. watch nowReeves announced that the rate of tax on carried interest, which is charged on capital gains, would rise to 32%, up from 28% currently. She nevertheless urged the government to look seriously at mandating that pension funds diversify their allocation to riskier assets like venture capital — a common ask from VCs to boost the U.K. tech sector.
Persons: Rachel Reeves, Reeves, BADR, Paul Taylor, Taylor, Haakon Overli, Dawn Capital, Overli, Anne Glover, Glover, Clarity, Steve Hare, Sage, Sean Reddington, Reddington Organizations: Labour Party Conference, ACC Liverpool Convention Center, Anadolu, Getty, LONDON, Labour, CGT, National Insurance, Unicorn Council, Nvidia, Dawn, NVIDIA, Amadeus Capital, Wealth, Norway's, Fund Global, Saudi Arabia's Public Investment Fund Locations: Liverpool, British, Britain, VCs
A British Airways plane turned around midway through a 10-hour journey. AdvertisementA British Airways plane turned around while halfway across the Atlantic Ocean, meaning passengers endured a nine-hour flight to nowhere. "We're sorry for the delay in our customers' travel plans after their aircraft experienced a minor technical issue," a British Airways spokesperson told Business Insider. It was not the first time in recent months that BA passengers have suffered a flight to nowhere. AdvertisementIn June, a Boeing 787s turned around after flying 2,300 miles to Canada's Newfoundland after a technical problem was detected.
Persons: Organizations: British Airways, Service, Boeing, London Gatwick Locations: Costa Rica, London, Europe, Newfoundland
Loading chart...LONDON — U.K. borrowing costs posted two days of gains right after the Labour government unveiled a huge package of borrowing and tax rises in its Wednesday budget — but analysts downplayed the possibility of a second "mini-budget" crisis in the British bond market. The 10-year gilt yield , representing medium-term borrowing costs for the government, was slightly lower on the day at 11:20 a.m. London time. Yields move inversely to prices, so higher yields represent a sell-off in bonds — and an aversion to funding U.K. debt. The incident sent bond yields soaring so rapidly, they threatened to destabilize pension funds. Loading chart..."The market is right to be concerned" about the U.K. fiscal outlook, Mohit Kumar, chief financial economist for Europe at Jefferies, told CNBC.
Persons: Rachel Reeves, Reeves, Liz Truss, BOE, Susannah Streeter, Hargreaves Lansdown, It's, Streeter, CNBC's, Sterling, Mohit Kumar, We've Organizations: LONDON, Labour, Wednesday, Bank of England, Deutsche Bank, Hargreaves, U.S ., Jefferies, CNBC Locations: London
Total: 25