Category: Bussiness

London CNN  —  British voters have handed the Labour Party its first election victory in almost two decades, hoping that a new center-left government will revive Britain’s ailing economy and fix collapsing public services. The landmark moment draws the curtain on 14 years of tumultuous rule by the Conservative Party — defined by austerity, Brexit...

Keir Starmer, leader of Britain’s opposition Labour Party, delivers a speech at a business conference in London, on Feb. 1, 2024. Kirsty Wigglesworth/AP hide caption toggle caption Kirsty Wigglesworth/AP LONDON — Britain’s Labour Party was headed for a huge majority in a parliamentary election on Thursday, an exit poll suggested, against a gloomy backdrop of...

The English Channel is the natural split between two people, the French and the British, brotherly nations who have been through fights, feuds, and friendship. Former enemies turned close friends, their shared destiny was always written in what separates them: the English Channel. In French, the Channel is called “La Manche”, which directly translates to...

Cineworld is drawing up plans to axe dozens of British cinemas as part of a radical restructuring that would also include extensive rent cuts. Sky News has learnt that the company, which until last year was listed on the London Stock Exchange, is considering closing about a quarter of its roughly-100 British multiplexes. Cineworld also...

A landslide victory for Keir Starmer in the general election on Thursday could hand Britain a stability premium in global markets, boosting the pound, shares and investment in the UK at a time of mounting political turmoil elsewhere, City investors have said. In sharp contrast with Conservative party warnings over the dangers of a large...

The boss of the world’s most valuable pharmaceutical company has told the BBC that the UK’s planning system puts companies off investing in the country. Dave Ricks, chief executive of the obesity drug manufacturer Eli Lilly, said he had considered building a factory in the UK in the last decade, but chose another country instead....

British opposition Labour Party leader Keir Starmer speaks during a general election campaign event at the Vale Inn, in Bollington, Macclesfield, Cheshire, Britain, June 27, 2024. — REUTERS LONDON: When Keir Starmer’s Labour pulled ahead in the polls in 2023, British business leaders started to fret that, if elected, the opposition party would impose strict...