<?xml encoding=”utf-8″ ??> Britain’s most prominent business lobby group has sought guidance on possible insolvency as it battles for survival in the wake of sexual misconduct allegations. The legal advice was requested by the Confederation of British Industry (CBI) before the publication on Wednesday of a prospectus setting out plans […]
Government support unlocks £300k for AceOn’s energy transition ambitions
<?xml encoding=”utf-8″ ??> UK Export Finance (UKEF) has announced £300k of support for Telford-based battery manufacturer AceOn, allowing it to secure new export contracts in the Portuguese renewable energy market. This deal sees UKEF use its partnership with non-bank lender Newable to support the export ambitions of small and medium-sized […]
UK SMEs set to increase IT investment in 2023 despite concerns about rising costs
<?xml encoding=”utf-8″ ??> Investment in technology is planned to increase this year in almost half of UK SMEs, despite serious concerns over rising costs according to new Pan European research unveiled today. The new insights commissioned by Sharp, a major provider of business technology products and services, found that across […]
Trump vows to end birthright citizenship for children of immigrants in US illegally
REUTERS WASHINGTON — Donald Trump said on Tuesday that if elected president again in 2024 he would seek to end automatic citizenship for children born in the United States to immigrants in the country illegally, a plan that contradicts how a 19th century amendment to the US Constitution long has […]
China starts drilling a 10,000-meter deep hole into Earth’s crust
CHINESE scientists have begun drilling a 10,000-meter (32,808 feet) hole into the Earth’s crust, as the world’s second largest economy explores new frontiers above and below the planet’s surface. Drilling for what is set to be China’s deepest ever borehole began in the country’s oil-rich Xinjiang region on Tuesday, according […]
Young South Koreans drive shift in attitudes to Japan as ties thaw
A MAN walks along a nearly empty street in Seoul, South Korea, July 12, 2022. — REUTERS SEOUL — Jeong Se-ah feels happy to see Tanaka, a Japanese bar host character from the early 2000s created by a South Korean comedian, because he revives her teenage memories of watching animations […]
US CBO: Debt ceiling bill to cut $1.5 trillion from deficit over decade
ALEXANDER SCHIMMECK-UNSPLASH WASHINGTON — The US Congressional Budget Office (CBO) said on Tuesday its budget deficit projections would be reduced by about $1.5 trillion over the next 10 years if the debt ceiling bill now up for a vote in Congress were enacted in its present form. The projection comes […]
China’s factory activity falls faster than expected as recovery stumbles
REUTERS BEIJING – China’s factory activity shrank faster than expected in May on weakening demand, heaping pressure on policymakers to shore up a patchy economic recovery and knocking Asian financial markets lower. The official manufacturing purchasing managers’ index (PMI) fell to a five-month low of 48.8, the National Bureau of Statistics […]
US House poised to vote on urgently needed debt ceiling suspension
Official White House Photo by Cameron Smith WASHINGTON – Legislation brokered by President Joe Biden and House Speaker Kevin McCarthy to lift the $31.4 trillion US debt ceiling and achieve new federal spending cuts passed an important hurdle late on Tuesday, advancing to the full House of Representatives for debate and an […]
US slaps sanctions on Chinese, Mexican entities in fentanyl action
WASHINGTON – The United States on Tuesday imposed sanctions on 17 people and entities based in China and Mexico who it accused of enabling production of counterfeit fentanyl-laced pills, as the Biden administration seeks to stem imports of the deadly drug. The Treasury Department said it slapped sanctions on seven entities […]