• Tue. Dec 5th, 2023

Top Stories in British Business: November 22nd Edition


Nov 22, 2023

Nov 22 (Reuters) – The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

The Times- Paul Marshall, a British businessman, has made a last-minute attempt to derail an Abu Dhabi bid to refinance the Barclay family’s 1.2 billion pound ($1.50 billion) debt, which would pave the way for a foreign takeover of the Telegraph newspapers. Additionally, the boss of Binance, a cryptocurrency exchange, pleaded guilty to money-laundering charges and will pay a $50 million fine as part of a $4 billion-plus settlement to resolve a lengthy inquiry by U.S. prosecutors.

The Guardian- The outcome of the Brexit vote and years of political uncertainty it triggered has had a chilling impact on business investment in Britain, according to deputy governor Andrew Bailey of the Bank of England. This uncertainty could be alleviated by Europe’s energy and electric vehicle industries, as well as reducing their dependency on scarce raw materials from China after launching a “breakthrough” sodium-ion battery by Northvolt.

The Telegraph- Stellantis is in negotiations with CATL, the world’s biggest maker of batteries for electric vehicles (EVs), over a joint venture to make cheaper power cells for EVs. Additionally, Chancellor Jeremy Hunt announced that minimum wage in the UK will increase by 1 pound an hour to 11.44 pounds from next April, giving almost three million poorest workers

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