Page 12 - Uk

UK imposes services sanctions on Russia over illegal annexation of Ukraine

The UK government on Friday imposed new services and goods export bans on Russia in response to what it termed the illegal annexation of four regions of Ukraine after sham referendums. The services sanctions are designed to target vulnerable sectors of the Russian economy, including IT consultancy, architectural services, engineering services and transactional legal advisory services for certain commercial activity. UK Foreign Secretary also instructed the Russian Ambassador, Andrey Kelin, be summoned to the Foreign, Commonwealth and Development Office (FCDO), to protest in the strongest terms against the Russian action in Ukrainian regions of Donetsk, Luhansk, Kherson and Zaporizhzhia. The UK utterly condemns [Russian President Vladimir] Putin's announcement of the illegal annexation of Ukrainian territory. We will never recognise the results of these sham referendums or any annexation of Ukrainian territory, said UK Foreign Secretary James Cleverly. The Russian regime must be hel

6 UK institutions to partner with Jindal University for overseas education

The O.P. Jindal Global University (JGU) has established comprehensive and meaningful partnerships with six prestigious universities in the UK

UK's Labour Party aims to strengthen connections with Indian diaspora

The Labour Convention of Indian Organisations (LCIO) is aiming to close the gap between British Indians and the Labour Party by boosting the Indian diaspora connection

Royal Mint unveils first coins to feature King Charles III's portrait

Britain's Royal Mint has unveiled the first coins to feature the portrait of King Charles III. Britons will begin to see Charles' image in their change from around December, as 50-pence coins depicting him gradually enter circulation. The new monarch's effigy was created by British sculptor Martin Jennings, and has been personally approved by Charles, the Royal Mint said Friday. In keeping with tradition, the king's portrait faces to the left the opposite direction to his mother's, Queen Elizabeth II. Charles has followed that general tradition that we have in British coinage, going all the way back to Charles II actually, that the monarch faces in the opposite direction to their predecessor," said Chris Barker at the Royal Mint Museum. Charles is depicted without a crown. A Latin inscription surrounding the portrait translates to King Charles III, by the Grace of God, Defender of the Faith." A separate memorial 5-pound coin remembering the life and legacy of Elizabeth will be ..

UK PM Liz Truss says tax cut was a right thing, will not change course

"We had to take urgent action to get our economy growing and that means taking controversial and difficult decisions," Truss said.

DCGI allows Serum Institute to export malaria vaccine to UK: Report

India's drug regulator has allowed the export of the first produced-in-India vaccine against malaria, developed by scientists at the University of Oxford and manufactured by Serum Institute to the UK, official sources said on Thursday. The Drugs Controller General of India (DCGI) has granted permission to send two lakh doses of the vaccine. The move comes after an application was submitted by Prakash Kumar Singh, director, Government and Regulatory Affairs, at Serum Institute of India (SII) to DCGI on September 27 seeking permission to export the vaccine against malaria, official sources told PTI. "SII has developed the vaccine against malaria under leadership of our CEO Dr Adar C Poonawalla. We have been relentlessly working to make available made-in-India and world-class vaccines against malaria to our country and world at large," an official source quoted Singh as having said in the application. Currently, only one vaccine against malaria is available globally and GSK is the ...

10-year yield on US Treasury notes breaches 4% mark after 12 yrs

The benchmark US 10-year yield was little changed at 3.945 per cent after earlier climbing to 4.015 per cent.

India proposes 15% retaliatory duties on 22 items imported from UK

India has proposed additional customs duties of 15 per cent on the import of 22 products, including whiskey, cheese and diesel engine parts, from the UK in retaliation to Britain's decision to impose restrictions on steel products. In a communication to the World Trade Organisation (WTO), India said it is estimated that the safeguard measures taken by the UK on steel products have resulted in the decline of exports to the tune of 2,19,000 tonnes on which the duty collection would be USD 247.7 million. Accordingly, India's proposed suspension of concessions would result in an equivalent amount of duty collected from products originating in the UK, it said. "India hereby notifies the (WTO's) Council for Trade in Goods of its decision to suspend concessions or other obligations under the General Agreement on Tariffs and Trade 1994 and the Agreement on Safeguards that are substantially equivalent to the amount of trade affected by the measures of the UK," it added. The other products .

IMF tells UK to 're-evaluate' unfunded tax cuts as global criticism mounts

Prime Minister Liz Truss's decision to cut taxes by the most since the early 1970s and cover them via borrowing at a time of surging inflation has rattled financial markets and drawn concern

UK markets have lost $500 billion since Liz Truss took over as PM

Taking the helm at a time when the UK economy was already grappling with the specter of recession, the Truss government's new fiscal policies fueled concerns that inflation and borrowing would surge

Banknotes featuring King Charles III will be in circulation by 2024: BOE

The central bank will reveal the image of the new monarch to be used on the polymers by the end of the year, it said in a statement

The unstoppable rise of German Aldi in Britain shows no sign of slowing

Aldi is the fourth-largest grocer in the country, gaining market share from bigger rivals as millions of Britons search for cheaper bills on their weekly shop

At Bihar rally, Shah highlights India becoming 5th largest economy in world

Highlighting the country's growth stride, HM Amit Shah said that India, which was ranked 11th on the list of the world largest economies in 2014, has today overtaken the UK to occupy the 5th position

VHP workers gather outside UK embassy to protest attacks on Indians

Members of Vishva Hindu Parishad (VHP) on Saturday assembled outside the UK Embassy in New Delhi to protest against the attacks against Indians in Leicester, Birmingham and Smethwick

Euro, sterling plunge on dour business activity data, UK mini-budget

Sterling was set for its biggest weekly decline against the U.S. dollar in two years after it touched a fresh 37-year low of $1.1022. The pound was last down 1.9% at $1.1049.

UK Home Secretary visits Leicester to take stock of recent communal unrest

UK Home Secretary Suella Braverman met the police in Leicester to discuss and take stock of the recent communal unrest in the English city, the media reported

UK businesses laud energy relief, but increase in costs still a struggle

At Sophia Sutton-Jones' bakery in North London, the electricity bill has more than tripled since the start of the year. It now costs 5,500 pounds (USD 6,260) a month to power the ovens and keep the lights on at Sourdough Sophia. Where should I magically take 4,000 pounds per month extra that I didn't calculate for? she said. To cope with rising costs, she's had to borrow 50,000 pounds and raise prices twice this year for her loaves, baguettes and pretzels. She doubts that even a massive support package announced this week by the UK government will make much difference to businesses like hers struggling with soaring energy costs. Pubs, restaurants, breweries, retailers and other businesses across the United Kingdom are being pushed to the brink by skyrocketing energy bills that have helped send inflation to a four-decade high and fuel a cost-of-living crisis. Forced to take action by cost increases that threaten to tip the British economy into recession, new Prime Minister Liz Trus

Constitution restricts King Charles from voicing environmental concerns

On a blustery November day last year Britain's future king stood before world leaders to deliver a rallying cry that they should "act with all despatch, and decisively to confront a common enemy. The clarion call in the vast, windowless hall of a Glasgow convention center at the opening of the U.N. climate conference concerned an issue long dear to the heart of the then-Prince Charles. Climate change and loss of biodiversity were no different from the COVID-19 pandemic sweeping the globe, he said. In fact, they pose an even greater existential threat, to the extent that we have to put ourselves on what might be called a war-like footing. He warned leaders that time was running out to reduce emissions, urging them to push through reforms that are radically transforming our current fossil fuel-based economy to one that is genuinely renewable and sustainable. We need a vast military-style campaign to marshal the strength of the global private sector," he said, adding that the trilli

Australia holds national day of mourning for British Queen Elizabeth II

An Australian national day of mourning for the late Queen Elizabeth II on Thursday centered on Parliament House, where dignitaries placed sprigs of golden wattle the national floral emblem in a wreath. The focus at the ceremony at Parliament's Great Hall was a portrait of the former monarch of Britain and Australia in a yellow dress adorned with golden wattle motifs that she wore on her first night in Australia in 1954, known as the Wattle Painting, created by Australian artist William Dargie. The queen's death on Sept. 8 came in the Southern Hemisphere spring when wattle blooms, its golden flowers and green leaves reflecting Australia's national colors in what has become a symbol of unity. The government declared Thursday a nationwide public holiday and the ceremony was attended by Prime Minister Anthony Albanese and Governor-General David Hurley, King Charles III's representative in Australia. Both had returned Wednesday from the queen's funeral in London. The holiday has been

Strikes over wages by employees at major UK ports threaten supply chain

Further strikes are scheduled for late September at some of the UK's main container ports over pay disputes, and these industrial actions are expected to overstretch supply chains