Finance news

UK defense chief says operations to be ‘dialed back’ without additional spending

Richard Knighton, chief of the UK defense staff, told a House of Lords committee today that he is “most concerned” about day-to-day operations budgeting.

Russian warship fires warning shots at UK yacht in the Channel

Sailors on board ⁠a Russian frigate fired warning shots at a civilian yacht that had come near to it in the English Channel, close to British territorial waters, ‌a source familiar with the incident on Tuesday said. Britain’s ministry of defence said it was investigating reports of an incident in the Channel. No injuries or damage to the yacht were reported. The incident involved the Russian frigate Admiral Grigorovich, according ‌to the source familiar with the incident. Russian warships...

UK charges Indian captain of suspected Russian shadow tanker seized in Channel

British prosecutors have charged with sanctions contravention offences the Indian captain of an interdicted alleged Russian shadow fleet vessel seized in the Channel, the National Crime Agency (NCA) said on Monday. It follows British armed forces on Sunday intercepting the sanctioned oil tanker Smyrtos – said to belong to Russia’s shadow fleet – in a dramatic operation hailed by Kyiv and London as a blow to Moscow’s war machine. British commandos boarded the ship off the southern English coast..

Japan's Eisai to pump $64m into UK plant to package injectable drugs

UK eyes sixth-generation GCAP fighter contract signing in weeks

Italy, Japan and the UK are committed to the future fighter effort, with a timeframe of 2035 marked for entry into service.

Japan, UK and Italy draw closer to next stage of fighter jet program

Britain Intercepts Russian Oil Tanker Linked to Shadow Fleet

British armed forces have intercepted a Russian shadow fleet oil tanker in the English Channel during the early hours of Sunday morning, the prime minister has said. In an operation lasting six hours, Royal Marine Commandos, alongside specialist officers from the National Crime Agency, intercepted the oil tanker in the Channel. The operation marks the first time a Russian shadow fleet vessel has been interdicted in British waters, after Starmer agreed in March that UK troops and law enforcement

Russia was behind arson attacks targeting UK prime minister Keir Starmer, BBC reveals

submitted by /u/yahoonews [link] [comments]

London court convicts 2 men of plot to torch houses and car linked to UK PM

Two men were convicted on Monday of a plot last year to set fire to property linked to British Prime Minister Keir Starmer. The fires in May 2025 damaged the home Starmer moved out of when he became prime minister, as well as an apartment building he once owned a share of and destroyed his former Toyota SUV. Nobody was injured in the blazes. Ukrainian national Roman Lavrynovych, 22, and Stanislav Carpiuc, a 27-year-old Romanian citizen, were found guilty of a conspiracy to damage property by...

UK to ban under 16s from social media apps including TikTok, YouTube

Britain will ban children under 16 from using a range of social media apps including Snapchat, TikTok and YouTube to protect young people from harmful content and excessive screen time, Prime Minister Keir Starmer said on Monday. Starmer told a news conference that he will fight back if technology companies resist the move, and acknowledged some teens would try to find their way around a ban. But he said he is “not prepared to compromise on the safety and happiness of our children”. “Every...

Japan Agrees to Facilitate $12B Investment in UK Offshore Wind

The investment will support the development of 5.9 gigawatts of floating facilities in which Japanese companies own a stake.

UK to ban social media for under-16s to 'give kids their childhood back'

The ban could include platforms like Snapchat, TikTok, YouTube, Instagram, Facebook and X.

UK anti-Islam activist Tommy Robinson says he was detained under terrorism laws

British anti-Islam activist Tommy Robinson ⁠said he was ⁠detained at Heathrow ⁠Airport on Saturday and had his phone seized, after a week when he posted heavily online about racist and anti-immigrant riots in Northern Ireland. Robinson, whose real ‌name is Stephen Yaxley-Lennon, said on social media he was held on Saturday evening for around three hours under the Counter-Terrorism and Border Security Act. “My phone has been seized by the police,” he wrote. “Please help ⁠kick off my legal fund...

Takaichi hails UK defence ties despite next-gen jet spending uncertainty

Japanese Prime Minister Sanae Takaichi hailed increasing defence cooperation with the UK during a meeting with her British counterpart Keir Starmer on Sunday, amid uncertainty about a new fighter jet programme. “The UK is a very important partner to Japan given the deepening of ties across a wide range of fields, including security and defence,” Takaichi said as she met with Starmer in London. “Given the GCAP project, I think we have reached a level that we can call a near-alliance,” she said,..

UK forces board sanctioned Russian shadow fleet oil tanker

The U.K.'s Ministry of Defence says the SMYRTOS was in the English Channel and will be held off the south coast during investigations.

UK Sets January 2027 Deadline for Ban on Fuel Made From Russian Crude

The UK has finally put a date on the sanctions loophole it said it would close a while ago. The British government said Friday that imports of diesel and jet fuel refined from Russian crude in third countries will be banned no later than January 1, 2027, closing one of the remaining routes by which Russian oil products can still find their way into the UK market. The move builds on sanctions announced in May that prohibit the import of refined oil made from Russian crude, even if that refining o

£210k to invest - I narrowed down to 2, max 3 ETFs, wanted to discuss (90% goes to All-World, rest something for “fun”)

Hi Everyone, After a week of heavy research I think I have finally narrowed down to ETFs I want to invest in. Wanted to ask about final opinion as this Sub was very helpful. I invest in GBP in the UK but these are popular ETFs with Euro equivalent too. 1) £180k – either SWDA or ACWI, the difference is in annual fee 0.2% for BlackRock SWDA or 0.12% for ACWI from State Street. I understand both are the most popular (along with Vanguard) and reputable Global ETFs. 2) £10k-£15k – AVWS – I wasn’t thi

UK: Sports betting provider Flutter leaves the London Stock Exchange

The reason for the withdrawal was low trading volumes and high regulatory costs. Flutter joins a list of companies that are turning their backs on the London Stock Exchange.

Corporate Japan adds more women on boards but still lags US, UK

UK defense secretary resigns over military spending, in fresh blow to Keir Starmer

submitted by /u/cnn [link] [comments]

Britain’s Electric Vehicle Market Is Booming as Fuel Prices Climb

Brits are racing to get their hands on electric vehicles after a surge in oil prices triggered by the war in Iran has driven away demand for petrol and diesel cars, one of the UK’s biggest used car supermarkets has said. London-listed Motorpoint, which has seen its shares jump on the back of bumper profits, said it had seen a more than doubling of sales for EVs in recent months in a “watershed moment” for the future of the car industry. Motorpoint chief executive Mark Carpenter told City AM: “EV

UK Clean Tech Firms Plan Europe's Biggest Direct Air Capture Project

UK clean energy technology firms have set up a joint venture to build and operate Europe's biggest direct air capture project. Carbon capture technology developers Airhive and Mission Zero Technologies have joined forces with Progressive Energy, a developer of low-carbon energy projects, to build a direct air capture (DAC) facility on Teesside, south of Newcastle, Bloomberg reports. The new venture, named UnionDAC, expects to begin removing carbon dioxide (CO2) from air in 2030. Two years later,

Japan, UK to create startup support fund for dual-use tech

UK defense secretary resigns over government spending plan

In his resignation letter to Starmer, Healey said he had now seen the defense funding plan, and it “falls well short of what is required."

British defense secretary John Healey resigns over defense funding

Healey said lack of sufficient funding in the forthcoming Defence Investment Plan could endanger UK security.

UK defence chief John Healey resigns amid feud with Starmer over military spending

British ⁠Defence ⁠Minister John Healey ⁠quit on Thursday in a dispute over military spending, accusing Prime Minister Keir Starmer of failing to ‌commit the government resources that are needed to defend the country. The unexpected resignation, accompanied with ‌a scathing public letter, compounds the pressure on Starmer when he is facing a likely leadership challenge and exposes the crisis at the heart of government – how it can ramp up defence spending when there is no money to...

China-UK cooperation vital in ensuring the AI era puts people first

During a recent discussion in Shenzhen with British Foreign Secretary Yvette Cooper, I was reminded that the development of artificial intelligence (AI) is no longer only a technological race. It is a test of whether major economies can build the institutions, standards and economic systems needed to integrate intelligent machines into human society. Britain has every reason to enter this new era with confidence. It has contributed to much of the modern world’s foundations. In 1687, Isaac Newton

UK Economy Set to Shrink as Iran Energy Shock Hits Growth

The UK economy is expected to contract despite a boost at the start of the year, with economists warning that the war in Iran’s energy price shock will now show up in fresh data. Economists believe that the UK economy declined by 0.1 per cent in April. Official figures will be published on Friday. The drop in growth momentum will reflect the late impact of the war in Iran on businesses and consumers, City analysts have said, as political uncertainty around the Labour Party’s leadership could als

EnQuest Bets $833 Million on Malaysia's Offshore Oil

EnQuest PLC has agreed to buy interests in four production sharing contracts offshore Malaysia from local state firm Petronas for up to $833 million, as the UK-based oil and gas producer bets on growth opportunities in Southeast Asia. EnQuest on Wednesday said that its wholly-owned subsidiary, EnQuest Petroleum Production Malaysia Limited, has agreed to acquire three separate packages that include interests in four offshore production sharing contracts in Malaysia. The proposed acquisitions invo

Self-Driving Cabs Are Coming to London

Uber has opened an interest list for customers keen to try autonomous minicabs in the capital, as self-driving taxis near a commercial launch in the UK. The ride-hailing giant is partnering with British autonomous driving firm Wayve, whose technology has been tested on London's streets since 2018. Customers can now opt in through the Uber app for a chance to be matched with one of the vehicles when the service launches, which both companies expect to happen in the coming months, subject to regul