Britain must avoid becoming strategically dependent on China, Liz Truss warns October 23, 2021 Foreign Secretary Liz Truss said the UK should not become “strategically dependent” on China, as she wants to build “a network of liberty around the world with like-minded partners.” Truss, who was promoted in the reshuffle last month and has been on a trip to India in recent days, was asked about the involvement of [...]
Leaders say ‘danke schön’ at Merkel’s farewell party with surprise appearance from Obama October 23, 2021 Angela Merkel was given a big farewell party by European leaders last night, with former US president Barack Obama making a cameo video appearance. Attending her 107th EU summit, Merkel was feted by friends and foes alike in an informal ceremony behind closed doors, where she was called everything from a “compromise machine” to the [...]
COP 26: Modi will attend UK climate conference October 21, 2021 India’s Prime Minister Narendra Modi will go to the COP26 climate conference in Glasgow. The country’s environment minister Bhupender Yadav confirmed his upcoming attendance to Reuters on Thursday. This follows weeks of uncertainty about his participation. Yadav said, “PM is going to Glasgow.” The news will be welcomed in Downing Street, after snubs from both [...]
Hong Kong ousting over 50 opposition councillors ‘deeply concerning’, says Truss October 21, 2021 Hong Kong’s home affairs chief has unseated another 16 opposition district councillors today, bringing the total ousted local politicians to more than 50. Newly appointed foreign secretary Liz Truss has condemned the actions, calling the move “deeply concerning”, as the political climate in the former British colony remains unstable. “It is deeply concerning that 55 [...]
Blackstone deal bags Spanx a spanking new $1.2bn valuation October 21, 2021 Shapewear brand Spanx has bagged a $1.2bn valuation after inking a deal with investment heavyweight Blackstone. The deal will see Blackstone snap up a majority stake in the brand, though how much the private equity firm forked out for the shapewear brand is not yet known. After founding the company in 2000 with $5,000 in [...]
Russia goes back into partial Covid lockdown as Putin orders workplace shutdown October 21, 2021 President Vladimir Putin ohas approved a proposal for a week-long workplace shutdown at the start of November. Watch the full report.
Temporary Brexit? Half of young British business owners expect UK will apply to rejoin EU October 20, 2021 A third of SME business owners are convinced that the UK will apply to rejoin the EU in the future, according to new research shared exclusively with City A.M. this afternoon. Younger business owners are significantly more likely to believe that the UK will re-apply in the future. Nearly half (47 per cent) of 18-34-year-olds [...]
Mysterious Ma: Billionaire Alibaba founder spotted in Spain October 20, 2021 The billionaire co-founder of Alibaba, Jack Ma, has been spotted in Spain in reportedly his first trip abroad since he butt heads with hawkish Chinese regulators. The reports of Ma being alive and well, and seemingly not banned from leaving China, triggered Alibaba’s Hong Kong-listed shares to jump 6.7 per cent on Wednesday – their [...]
Rio Tinto to halve carbon output by 2030 with $7.5bn worth of investments October 20, 2021 Anglo-Australian miner Rio Tinto is set to halve its carbon output by 2030, which it said will be supported by around $7.5bn in investments. The new emissions goal, which more than triples its previous target, should see the mining giant slash its scope one and two emissions, meaning it seek to limit the emissions produced [...]
Kiwi boy who called police to come and see his toys becomes global sensation October 20, 2021 A young boy who made an emergency in New Zealand has become a global sensation after police responded to the four-year-old’s call to “come over and see” his toys. Police in the South Island city of Invercargill shared the exchange on social media. While they do not encourage children to ring the emergency number, officers [...]