Page 31 - Britain

UK's high food inflation not driven by weak competition: Regulator

UK food price inflation reached its highest since 1977 in March at more than 19%, according to official data

How Tata's EV battery plant will help Britain in saving its car industry

It has also faced an existential challenge as rival governments pledge vast amounts of public funds to the development of electric vehicles

Tata's $5.2 bn EV battery project in Britain shouldn't be underestimated

The significance of the £4 billion ($5.2 billion) project shouldn't be underestimated, though it is more of a lifeline for domestic carmakers rather than their crowning glory

UK rolls out first passports with title 'His Majesty King Charles III'

For the first time in 70 years, British passports bearing the title of His Majesty will start being issued this week in the name of King Charles III. UK Home Secretary Suella Braverman unveiled the new design update on Tuesday evening which changes the passport salutation from Her Majesty following the death of Queen Elizabeth II in September last year. As is customary, the 74-year-old King himself does not carry a passport as it is a document issued in his name. For 70 years, Her Majesty has appeared on British passports and many of us will not remember a time when she did not feature. Today marks a significant moment in UK history, as the first British passports since 1952 start featuring the title of His Majesty, the King, said Braverman. As HM Passport Office enters a new era in its history, it is delivering an exceptional service and I am extremely grateful for their outstanding accomplishments and the unwavering dedication of the whole team to meet the needs of the British ...

AI won't replace the need for human spies, says Britain's MI6 chief

Artificial intelligence will change the world of espionage, but it won't replace the need for human spies, the head of Britain's MI6 intelligence agency says in prepared remarks released Wednesday. Richard Moore, director of the UK's foreign intelligence agency, is set to speak in Prague on evolving threats to the West from Russia and Iran, and argue that the human factor will remain crucial in an era of rapidly evolving machine learning. AI is going to make information infinitely more accessible and some have asked whether it will put intelligence services like mine out of business, he says in extracts released in advance by the UK government. In fact, the opposite is likely to be true," he adds. "As AI trawls the ocean of open source, there will be even greater value in landing, with a well-cast fly, the secrets that lie beyond the reach of its nets. Moore, who has previously warned that the West was falling behind rivals in the AI race, will argue that the unique characteristics

Tata Group picks Britain for new EV battery plant, to invest $5.2 bn

The gigafactory - Tata's first outside of India - includes an investment of 4 billion pounds ($5.2 billion), the company said

Rishi Sunak's popularity sinks to lowest since UK premier took power

Some 65% of Britons now have an unfavorable view of the prime minister compared with 25% who see him in a positive light, according to a YouGov poll of 2,151 British adults published Wednesday

India presents candidature to IMO Council for Biennium 2024-25 elections

The High Commision of India in London on Tuesday, organised a reception on a Thames cruise boat to mark the occasion

Britain's food industry thinks worst inflation is over as costs stabilise

Britain's overall rate of inflation has remained stubbornly high this year. Economists expect it to dip to 8.2% on Wednesday

We are working with various countries, including UK on IP rights: Goyal

There is work ongoing with a number of economies, including the UK, on intellectual property (IP) rights and modernisation in an effort to improve Indian protocols, Union Minister of Commerce and Industry Piyush Goyal has said. Responding to questions from a gathering of Indian-origin chartered accountants (CAs) from the UK Chapter of the Institute of Chartered Accountants of India (ICAI) at the conclusion of his London visit on Wednesday evening, the minister a qualified CA covered a range of topics including IP rights and corporation tax to environmental, social and corporate governance (ESG). He said the process to harmonise with international standards is high on the government's agenda because integrating with world thinking on standards and IP is important for the fast-paced growth of the Indian economy. With the UK we are working on IP rights or IP modernisation. Our effort is to improve the Indian protocols around intellectual property rights and areas associated with it, b

Microsoft's $69 billion Activision deal likely to face fresh UK probe

That pause gives the firms a chance to suggest potential fixes aimed at easing UK concerns that the takeover would stymie competition

UK wage growth remains strong, highest since 2001 amid high inflation

Wages in the UK are still rising at record highs, official figures showed Tuesday, as inflation remains stubbornly high. The Office for National Statistics said that wages, excluding bonus payments, rose by 7.3% in the three months to May, unchanged over the previous three-month period and matching the highest rate since records began in 2001. The agency's director of economic statistics Darren Morgan said that due to high inflation "the real value of weekly earnings are still falling, although now at its slowest rate since the end of 2021. Though inflation has fallen from its peak of over 10% at the end of last year, it remains elevated at 8.7%. The failure of inflation to fall as anticipated has stoked concerns that the Bank of England will continue to raise interest rates in the coming months rather than take a pause. The central bank lifted its main interest rate to a 15-year high of 5% last month, which has led to a sharp increase in mortgage rates. Elsewhere, the statistics

Biden kicks-off three-nation visit ahead of Nato summit in Lithuania

The US president will hold a meeting with King Charles of the UK on Monday for the first time since his coronation, according to the White House, to discuss environmental issues

Privatised debt load in the Britain now a major government problem

UK companies are the biggest issuers of inflation-linked debt in the developed world, with more than £40 billion ($51 billion) worth of the securities currently outstanding

LIVE: ED attaches assets worth Rs 52.24 cr belonging to Manish Sisodia

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NSA Ajit Doval likely to meet UK counterpart Tim Barrow in Delhi today

This meeting between the two is the second for this year as earlier the two had an informal meeting on March 30

Nine British banks sign up to Mastercard's new AI tool for tackling scams

Nine of the UK's biggest banks, including Lloyds Banking Group Plc, Natwest Group Plc and Bank of Scotland Plc, have signed up to use the Consumer Fraud Risk system, Mastercard

UK calls for UN reform with permanent Security Council seat for India

The UK government has reiterated its call for reform of the United Nations as one of its top transnational priorities and supported India's bid for permanent membership of the powerful Security Council. India has been at the forefront of the years-long efforts to reform the UN Security Council (UNSC), saying it rightly deserved a place as a permanent member of the United Nations. Currently, the UNSC has five permanent members - China, France, Russia, the UK and the US. Only a permanent member has the power to veto any substantive resolution. In a speech at a conference at the Chatham House think tank in London on Thursday, UK Foreign Secretary James Cleverly called for a reinvigorated multilateral system that is more reflective of the times. He pointed out that the world's economic centre of gravity is shifting away from the Euro-Atlantic and towards the Indo-Pacific but the multilateral institutions are yet to catch up. I have five transnational priorities. First, reform of the .

UK PM Sunak honours Sikh World War II veteran with Points of Light award

British Prime Minister Rishi Sunak has honoured Rajindar Singh Dhatt, one of the last surviving Sikh soldiers who fought in the Second World War with a Points of Light honour at a UK-India Week reception at 10 Downing Street. Dhatt, 101, was recognised on Wednesday for his service and his work running the "Undivided Indian Ex-Servicemen's Association" to help bring together British Indian war veterans. Dhatt, based in Hounslow in southwest London since 1963, was born in pre-Partition India in 1921 and fought with the Allied forces during the British colonial period. It is an immense honour to receive this recognition from the Prime Minister, to whom I would like to extend my deepest appreciation for acknowledging the importance and impact of the 'Undivided Indian Ex-Servicemen's Association'," said Dhatt. The journey of establishing this organisation was driven by a deep sense of duty as an ex-serviceman and the vision of fostering unity, support, and camaraderie. This award serves

Promising signals of further decline in UK inflation: BoE's Dhingra

Dhingra is one of two members of the BoE's nine-member Monetary Policy Committee (MPC) who have consistently voted against the central bank's interest rate rises since December