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UK

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UK’s Drax inks 10-year tolling agreement for 250MW battery storage in England

Bermuda Broadcasting Newsdesk -
The deal, which is indexed to UK inflation, requires Drax to pay a fixed annual tolling fee over the 10-year term International News via Reuters: British...
News - World

China relaxes visa rules for UK citizens on PM’s trip to Beijing

Bermuda Broadcasting Newsdesk -
British citizens will be allowed to visit China without a visa if they are travelling for under 30 days, Starmer said following his talks...
News - World

AstraZeneca sets out $15 billion China investment during Starmer visit

Bermuda Broadcasting Newsdesk -
The announcement marks the biggest deal so far during the trip, as Britain seeks to strengthen ties with Beijing at a time of strained...
News - World

Bank of England weekly repo tops 100 billion pounds for first time

Bermuda Broadcasting Newsdesk -
The central bank allotted 100.885 billion pounds ($139.22 billion) in 7-day funds to banks in return for collateral International News via Reuters: The Bank of England...
Finance

Sterling close to multi-year highs vs dollar, focus shifts to BoE, politics

Bermuda Broadcasting Newsdesk -
The greenback edged down against a basket of currencies as uncertainty over U.S. economic policies and geopolitical moves weighed on sentiment International News via Reuters: The...
News - World

Rwanda seeks arbitration over cancellation of asylum deal with UK

Bermuda Broadcasting Newsdesk -
Under the scheme, signed before Starmer took office, Britain agreed to pay Rwanda to take in migrants who had arrived illegally in Britain International News...
Finance

Pound gives back some gains after hitting four-year high on Trump comments

Bermuda Broadcasting Newsdesk -
Sterling was last down 0.44% at $1.3784- it rose more than 1.2% on Tuesday to $1.3867, its highest level since September 2021 International News via...
News - World

Britain’s Starmer arrives in China as Western alliances face strain

Bermuda Broadcasting Newsdesk -
Starmer said Britain must remain vigilant about potential security threats but could not afford to ignore the opportunities presented by the world's second-largest economy International...
Finance

London’s FTSE 100 falls as healthcare, bank stocks decline

Bermuda Broadcasting Newsdesk -
The FTSE 100 fell 0.4% by 1056 GMT, while the domestically focused FTSE 250 bucked the trend, rising 0.1% and hitting its highest level...
News - World

UK government provides support to pubs to help them survive tax hike

Bermuda Broadcasting Newsdesk -
Pubs, whilst suffering a long-term decline driven in part by changing drinking habits and demographics, retain a centuries-old role in the social fabric of...
Finance

UK’s FTSE 100 rises on banking gains as investors eye US Fed decision

Bermuda Broadcasting Newsdesk -
The bank index was up 2.2%, climbing to its highest level since May 2008, with HSBC Holdings gaining 2.9% and NatWest Group and Lion...
Finance

UK regulator kicks off review on impact of AI on retail finance

Bermuda Broadcasting Newsdesk -
The review will look at how the evolution of AI could affect markets and firms, including changes to competition and market structure, as well...
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