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Lloyds says it will cut 5,000 jobs to reduce costs11-NOV-09
Lloyds Banking Group Plc, Britain’s biggest mortgage lender, said it plans to cut about 5,000 jobs in its administration, insurance and mortgage units.
Recession-hit Britain to sell off state assets: PM12-OCT-09
The British government will sell off a raft of state assets to help reduce its debt, Prime Minister Gordon Brown was to announce today.
Spreading spatter10-OCT-09
Anish Kapoor is certainly making a mess of the Royal Academy of Arts in London. Every 20 minutes, a cannon goes off in one gallery and shoots a projectile of red wax into a second space. There’s already a mass of scarlet splatter on the wall and a growing heap of gore-like gobbets on the floor. By the time the show closes, it’s going to be ceiling high.What’s more, this brilliantly colored detritus looks beautiful. The Turner exhibition at Tate Britain may have more art-historical meat, but for sheer blow-your-mind, blast-off- your-footwear spectacle this is the exhibition of the autumn.
The pound without a G-string08-OCT-09
Nearly eight decades after the pound went off the Gold Standard, has the time come for Britain to consider whether it needs the pound at all? Britain’s euro-sceptics have congratulated themselves ever since they rejected then Prime Minister Tony Blair’s abortive attempt to get the pound replaced by the euro, a move that the then chancellor of the exchequer and present Prime Minister, Gordon Brown, had opposed.
FSA tightens liquidity rules for companies in Britain06-OCT-09
Financial-services companies operating in the UK will have to meet “tighter liquidity requirements” that will be set by Britain’s market regulator and phased in over a period as the economy recovers. By December, the companies will be given rules about their liquidity and a definition of what assets can be included as liquid assets, the London-based Financial Services Authority said today. Foreign companies with branches in the UK will also be subject to regulation. “Implementing tougher liquidity rules is essential to ensure we are in a better position to face future crises,” Paul Sharma, the FSA director of prudential policy said.
Global tax worth a look, says British PM22-SEP-09
With the G20 summit scheduled for next week, British Prime Minister Gordon Brown has suggested that the introduction of a global tax to reduce risky behaviour by banks was "worth looking at".
Exec pay jumps in UK despite recession: report14-SEP-09
Basic salaries for executives at Britain's top companies jumped 10 per cent last year despite the worst financial crisis in decades, a report said today.
Britain puts up more barriers for non-European workers08-SEP-09
The British government today accepted the month-old recommendations of the Migration Advisory Committee (MAC) to provide better access to jobs for local workers before allowing non-European workers to tap work opportunities here.
Britain hopes for a bite of ID project04-SEP-09
The Unique ID card project, headed by Nandan Nilekani, is drawing interest from across the world because of the sheer scale of the project. Countries which already have similar projects, though on a much smaller scale, are looking to tap into the business opportunities emerging out of the Centre’s efforts to provide the unique ID cards to the 1.2 billion-odd people in the country.
Britain looks beyond Bangalore for biz 'gold' in tier II cities04-SEP-09
The tier II cities’ story continues to thrive. The British government sees them as ‘lands’ of opportunities. Britain is keen on getting investors from Britain to look at tier II cities in the Karnataka and facilitate this has opened a British Deputy Commission in Bangalore.
Anyone can cook22-AUG-09
Television chef and cookbook writer Anjum Anand is one of the faces of Indian cuisine in Britain. A new season of her series Indian Food Made Easy has recently started on Discovery Travel & Living. In this, Anand visits Indian homes — Gujaratis in Leicester, Kashmiris in Birmingham and Punjabis in Scotland — in search of recipes and is at pains to establish that anybody can cook Indian food.
V V: The search for an identity22-AUG-09
The Indian-Pakistani diaspora is a solid bloc of 2 million and more, but has it been able to forge an identity for itself in multicultural Britain? Or is it just lumped together as South Asians on the fringes of British society? Ziauddin Sardar, a columnist for the New Statesman who was earlier the Middle East correspondent for Nature and New Scientist, besides being an author of over 40 books, including the bestseller, Desperately Seeking Paradise: Journeys of a Sceptical Muslim, has looked at the whole vexed question of identity in his memoir, Balti Britain (Granta Books, Special Indian Price: Rs 862).
Tesco to create 800 personal finance jobs20-AUG-09
Britain's biggest retailer Tesco today said that its personal finance unit would open a customer centre in Scotland, creating 800 jobs and bringing the group nearer to providing full banking services.
UK may see over 1 lakh cases of swine flu a day02-JUL-09
Britain today admitted that there could be over 100,000 cases of swine flu per day in the country by the end of next month.
'Al-Qaeda plans cyber war against Britain'25-JUN-09
Britain faces growing threat from the al-Qaeda, which is on track to launch a cyber-warfare campaign against the country, UK's Security Minister has warned.
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