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Tag Archives: UK

British firms must consider Transitional Simplified Procedures for Brexit

British businesses importing goods from the EU should consider applying for and using Transitional Simplified Procedures (TSP) to prepare for Brexit and avoid huge delays at ports, regardless of the outcome of current negotiations, a leading expert from The Customs People warns. HMRC unveiled the procedures in February and said they will make it easier for businesses to import goods ... Read More »

UK, Belarus sign tax treaty

LONDON: Belarus and the UK signed a tax treaty on September 26. The signing ceremony took place at Belarus’s Ministry of Foreign Affairs. The new agreement is not yet in force, A 1985 tax treaty between the UK and the USSR continues to apply to Belarus and Turkmenistan. Read More »

UK, Nigerian firms seal franchise deal on toy business

LONDON: World’s famous British toy shop, Hamleys, has officially announced the signing of the development agreement for the Hamleys franchise in Nigeria with Smartmark Limited. The first toy shop, which will open in Lagos this summer, will include thousands of quality approved toys and all the brand’s iconic features including opportunities for children to play, engaging store design, expertise in ... Read More »

UK, New Zealand plan free trade deal after Brexit

WELLINGTON: New Zealand hopes to negotiate a “high quality” free trade agreement with the UK once it leaves the EU, its prime minister Bill English has said. Following a meeting with Theresa May, he said he hoped this would happen “as soon as possible”. Mrs May said both countries already enjoy a strong and growing trading relationship worth over £3bn ... Read More »

Hanoi customs find illegal gun barrels in gifts from US, UK

HANOI: The Express Delivery Customs Sub-Department of Hanoi has discovered dozens of gun barrels disguised as gifts illegally shipped via international delivery service. The packages containing several gun parts, including two 60 centimeter long metal barrels and a sight designed for 35 centimeter long rifles, were delivered from the U.S. and the UK to Vietnam, the Hanoi Customs Department said ... Read More »

UK, China sign craft beer deal worth £100m in barley exports

LONDON: Britain has signed a deal worth up to £100 million to export around 750,000 tonnes of the grain to Chinese breweries over the next five years. It is the first time that Beijing has approved a deal for British barley imports of the grain and the decision comes at a time when Britain lobbies to forge closer trade ties ... Read More »

UK, France join hands to fight against migrant smugglers

LONDON: France and the UK are to strengthen police cooperation to dismantle people smuggling networks and combat undocumented migration, the French interior minister said on Monday. Bernard Cazeneuve and his British counterpart Theresa May signed an agreement at a meeting in London to increase cross-border cooperation in law enforcement. “It’s an agreement which re-inforces cooperation between our police services, our ... Read More »

IBEC says govt must compete strongly with UK

DUBLIN: IBEC is warning the Government that Ireland risks being outmanoeuvred in business by the UK if our tax system is not reformed. The organisation said the coalition needed to “end discrimination against the self-employed, introduce meaningful capital gains tax relief for entrepreneurs and enhance investment schemes”. As IBEC launches its pre-Budget submission, CEO Danny McCoy said we needed to ... Read More »

Australian-born UK Greens leader demand change in British electoral reform system

LONDON: Australian-born UK Greens leader Natalie Bennett has urged Downing Street to change the British electoral system. Ms Bennett joined other politicians on Monday to hand in a petition calling for the UK to replace first-past-the-post voting with a proportional system. She was among politicians from the Liberal Democrats, the Scottish National Party, Ukip and Plaid Cymru to back the ... Read More »

BlackBerry Leap, comes with 5-inch screen, 720 x 1280 resolutions in US, UK, Germany

OTTAWA: BlackBerry has started accepting pre-orders for the device in the US, UK and Germany. For some reason, in its home country BlackBerry is not accepting pre-orders for the model. In the US, the BlackBerry Leap is priced at $275. While the phone cannot be reserved in Canada, the manufacturer has put up a price of $349 (Canadian) on the ... Read More »

BlackBerry starts accepting pre-orders for Leap in US, UK, Germany

OTTAWA: BlackBerry has started accepting pre-orders for the device in the US, UK and Germany. For some reason, in its home country BlackBerry is not accepting pre-orders for the model. In the US, the BlackBerry Leap is priced at $275. While the phone cannot be reserved in Canada, the manufacturer has put up a price of $349 (Canadian) on the ... Read More »

BlackBerry starts accepting pre-orders for Leap in US, UK, Germany

OTTAWA: BlackBerry has started accepting pre-orders for the device in the US, UK and Germany. For some reason, in its home country BlackBerry is not accepting pre-orders for the model. In the US, the BlackBerry Leap is priced at $275. While the phone cannot be reserved in Canada, the manufacturer has put up a price of $349 (Canadian) on the ... Read More »

UK, Austria, Denmark, Finland, Ireland, Norway and Portugal’s consumers can buy new smartphones from Google Store

NEW YORK: According to the Google, UK consumers can now buy the Asus-made Nexus Player from Google Store for GBP 79.99. Similarly, the consumers in Austria, Denmark, Finland, Ireland, Norway, and Portugal can grab the Motorola-made Nexus 6 smartphone from the store. In addition, we have noticed that the Nexus 9 and Nexus 6 devices, which were earlier listed as ... Read More »

Researchers snap giant virus in 3-D

HONG KONG: First isolated in 1992 from Acanthamoeba polyphaga growing in a water tower in Bradford, UK, Mimivirus is one of the largest, most complex viruses known. The Mimivirus’ structure is so similar to that of the amoeba that it was only identified as a virus in 2003. The virus appears to be an icosahedral-shaped particle with a diameter of ... Read More »

Oil import rush widens UK trade gap, exports grow

LONDON: The Britain’s trade in goods deficit has widened sharply in December on a rush in oil imports, making the trade gap for last year as a whole the biggest since 2010. There were signs of a shift in the trade balance in the final quarter, when the goods deficit narrowed by the largest amount in three years as export volumes ... Read More »

Migrating birds take turns to lead flock: Scientists

LONDON: Scientists have worked out how flocking birds solve what they have termed the “social dilemma” of who leads the flock. The researchers, from the UK, Germany and Austria, studied the northern bald ibis, tracking how they – like so many large birds – fly in a V formation. They found that birds took it in turns to take the ... Read More »

Bank of England: UK interest rates can rise sooner than expected as oil prices tumble

LONDON: Bank of England top policymaker said the fall in petrol prices has cut UK inflation to 0.5 per cent, interest rates in the UK could rise sooner than markets expect. Traders have pushed back expectations of interest rates rising from a record low of 0.5 per cent because inflation has come down sharply in recent months. Kristin Forbes, one ... Read More »

Kuwait, UK discuss measures to boost security cooperation

KUWAIT: Lieutenant General Suleiman Al-Fahad, Ministry of Interior’s Undersecretary held a meeting with UK Ambassador Matthew Lodge and some British Embassy’s staff. During the meeting, the two sides discussed a number of subjects of joint interest, including boosting cooperation and coordination and exchanging expertise in the fields of criminal security, airports security support, aviation protection, and personnel training courses, the ... Read More »

Li Ka-shing’s Hutchison agree to buy Telefonica UK unit for up to $15.4b

HONG KONG: Li Ka-shing’s Hutchison Whampoa Limited has agreed to buy Telefonica’s British mobile unit O2 for up to 10.25 billion pounds ($15.4 billion), hastening the consolidation of Britain’s telecoms industry. The Hutchison offer values O2 UK at about 7.5 times EBITDA, in line with BT’s planned 12.5 billion pound takeover of EE, which was valued at about 8 times. ... Read More »

UK’s Sainsbury to slash 500 support jobs to save £500 million

LONDON: UK’s Sainsbury’s is cutting 500 jobs from its store support centers in the latest round of cost cutting from Britain’s biggest supermarkets as they fight to win back customers from the discounters. Sainsbury’s said it will streamline our central divisions and bring our supermarkets and convenience businesses together resulting in 500 fewer jobs across all grades at its store ... Read More »