United Kingdom

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Kodak UK Pension Plan Members Face Threat of Reductions

The UK Pension Regulator is facing criticism over a 2013 deal that allowed Kodak UK to jettison it pension liabilities but now looks set to create a £600m hit to the country’s pensions bailout fund, the Financial Times reported. Kodak had sought appr ...

Daily Headline - global.abi.org - 09/18/2018 - 21:50 - 0 comments

The Risk of a UK Recession is Growing

Unemployment in the UK now stands at its lowest level in four decades. Gross domestic product growth at the start of the third quarter of 2018 also shows an economy in decent shape, having grown faster than in the prior two quarters. But we should not be ...

Daily Headline - global.abi.org - 09/18/2018 - 21:51 - 0 comments

Britain Will Support Interim IMF Staff Program for Zimbabwe

Britain will support Zimbabwe to get on to an interim IMF staff program to help the country quickly clear its foreign arrears, Britain's ambassador in Harare said on Tuesday. Clearing the $1.8 billion in arrears to the World Bank and African Develop ...

Daily Headline - global.abi.org - 09/18/2018 - 21:52 - 0 comments

British Fund Gemcorp Extends $250 Million Loan to Zimbabwe

London-based emerging market fund Gemcorp Group said on Monday it had extended a $250 million loan to Zimbabwe to help the country import essential goods like electricity, fuel and medicine, the company's CEO said. The southern African nation is fac ...

Daily Headline - global.abi.org - 09/17/2018 - 22:57 - 0 comments

Brazil’s Natura Recently Approached Avon About a Takeover

Brazil’s Natura Cosmeticos SA recently approached Avon Products Inc. about a takeover, according to people familiar with the matter. The companies aren’t in serious talks and Avon, which has received other expressions of interest, is focused on turning i ...

Daily Headline - global.abi.org - 09/17/2018 - 22:58 - 0 comments

Brexit Region Lives With Alarming Echoes of the Past

With food prices rising, wages struggling to keep up and the Bank of England again raising interest rates, the number of people seeking help to manage their debt is surging—with alarming echoes of the past, Bloomberg News reported. “A large number of peo ...

Daily Headline - global.abi.org - 09/16/2018 - 23:58 - 0 comments

Deutsche to Shift More Assets and Ringfence UK Unit After Brexit

Deutsche Bank has scaled up plans to shift hundreds of billions of assets from London to Frankfurt after coming under increasing pressure from European regulators over the size and complexity of its UK operations after Brexit, the Financial Times rep ...

Daily Headline - global.abi.org - 09/17/2018 - 00:03 - 0 comments

Risk of No-Deal Brexit Has Risen Materially, Says Moody’s

Moody’s has issued a stark warning that the risk of a no-deal Brexit has “risen materially” in recent months, spelling out the extent of the possible damage on the UK economy from crashing out without an agreement, the Financial Times reported. Brita ...

Daily Headline - global.abi.org - 09/14/2018 - 00:36 - 0 comments

Russia-Ukraine $3 Billion Battle Back in London Court

While the war in Ukraine’s east continues to rage four years on, the battle between Russia and Ukraine is returning to the calm and order of a London courtroom. There, British judges, unwilling to play diplomat, are this week set to rule on an appeal by ...

Daily Headline - global.abi.org - 09/12/2018 - 23:43 - 0 comments

Bolton Escape Administration After Owner Repays Loan

Bolton Wanderers have avoided administration after agreeing a deal to pay off their main creditor BluMarble Capital Ltd, club owner Ken Anderson said on Wednesday. Anderson had warned on Monday that the Championship outfit was facing the prospect of inso ...

Daily Headline - global.abi.org - 09/12/2018 - 23:48 - 0 comments

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