Britain | Pixr8 News

13Feb By AnkitaNo Comments

News

Infosys Founder Son-in-Law Named New British Finance Minister

Indian-origin politician Rishi Sunak was appointed as the UK's new finance minister on Thursday by Prime Minister Boris Johnson in a Cabinet reshuffle. Sunak, the son-in-law of Infosys Co-founder Narayana Murthy, will join Home secretary Priti Patel on the top government bench as the Chancellor of the Exchequer. Earlier, Pakistani-origin Sajid Javid resigned as Chancellor in a shock move in one of the biggest shakeups since Johnson won a thumping majority in the December 2019 general election. He is replaced by Sunak, who was until now Javid's junior as the Chief Secretary to the Treasury and seen as a rising star within the Cabinet. The 39-year-old is set to move into No. 11 Downing Street, next door to the Prime Minister's Office as he takes charge of the second most importa...

20Aug By Gauri SinghNo Comments

INDIA

The 170 Year Old Journey of Chai in India

There is barely a person in India who is not fond of chai that is tea. But do you know where did it come from? So let’s talk about the 170 years of Chai in India. The craze of Chai started when a Scottish mandarin smuggled a tea plant from China in 1848, where the Chinese people have been drinking it for around 2,000 years. Long ago, the value of tea was very high. In 1635, the prices of tea in England were as high as £6 to £10 per pound of the herb (£600 to £1,000, today). Later in 1662, in the wedding of King Charles and Catherine of Braganza, her dowry comprised of a chest of tea, and the island of Bombay for an annual lease of £10, which was then equal to the cost of a pound of tea in England. However, later by the 18th century, due to certain reasons, the English were not able t...

Uber Limits Driver Hours in Britain to 10

17Jan By AdityaNo Comments

News

Uber Limits Driver Hours in Britain to 10

US ride-hailing app Uber today said it would cap the number of hours its drivers can work in Britain from next week in a bid to increase safety after heavy criticism of its business practices. The new policy means that drivers must take an uninterrupted six-hour break after 10 hours, and will not be able to log on to the app during that time. The company had already been messaging drivers who were working too long to switch off its app. "We believe this is an industry first and are not aware of any other private hire operator in the UK that has introduced such a limit," Uber said in a statement. "It's another example of how Uber uses technology to help enhance driver and passenger safety," Andrew Byrne, Uber's head of policy, was quoted as saying. Uber is currently appealing a...

UK Says WhatsApp Lets Paedophiles and Gangsters Operate Beyond the Law

4Oct By reutersNo Comments

News

UK Says WhatsApp Lets Paedophiles and Gangsters Operate Beyond the Law

Britain said WhatsApp’s end-to-end encryption communication services allowed paedophiles and organised crime groups to operate beyond the reach of the law and called on the messaging service to move faster to help governments catch offenders. After four militant attacks in Britain that killed 36 people this year, senior ministers have stepped up demands over the past six months to make internet companies do more to suppress extremist content and allow access to encrypted communications. The government says full-scale encryption has complicated the job of law enforcement both in thwarting extremist attacks and in investigating more commonplace crimes. Internet companies say they want to help governments remove extremist or criminal material but also have to balance the demands of s...

Amazon Plans To Enter Event Ticketing In US

11Aug By reutersNo Comments

BUSINESS

Amazon Plans To Enter Event Ticketing In US

Amazon.com Inc is seeking to partner with U.S. venue owners to sell event tickets, four sources have told Reuters, a move that could loosen Ticketmaster’s powerful grip on the lucrative ticketing business. (more…)

Britain Loses 1 Billion Pounds Through VAT Fraud and Error by Amazon and eBay Sellers

20Apr By reutersNo Comments

News

Britain Loses 1 Billion Pounds Through VAT Fraud and Error by Amazon and eBay Sellers

Britain is losing up to 1 billion pounds ($1.28 billion) a year in value added tax (VAT) because of fraud or error by sellers using online marketplaces eBay and Amazon, a report by the government auditor said. The National Audit Office (NAO) said on Wednesday that the sellers involved are often based in China and that consumer regulator Trading Standards had found that U.S. companies Amazon and eBay had failed to remove sellers that were flouting VAT rules, even after being informed of the sellers' non-compliance. "The size of the VAT losses due to online VAT fraud or error on transactions taking place on Amazon’s and eBay’s online platforms could be up to 1 billion pounds a year," the NAO said, citing latest figures from the Trading Standards Institute. All retailers selling to c...

London Woos Indian Startups; Key to Growth, Jobs Post Brexit

13Nov By NitishNo Comments

News

London Woos Indian Startups; Key to Growth, Jobs Post Brexit

London's technology sector is wooing Indian startups and software firms, which are among the key drivers of growth and jobs for the capital city and the wider UK economy. "India is the second largest investor into London, after the US... Despite concerns over foreign investment inflows after the Brexit referendum, it will continue to be a top investor for us," Rajesh Agrawal, deputy mayor of London for business, told PTI here. Agrawal also chairs London & Partners, the official promotional company for London. The deputy mayor is visiting India on an international trade mission aimed at strengthening tech and trade links between London and India. He revealed that London is home to 39 per cent of the fastest growing Indian companies based in the UK, compared to 25 per cent last year....

Players in Financial Services May Relocate From London: T V Mohandas Pai

24Jun By Press Trust of IndiaNo Comments

Entrepreneurs Talk

Players in Financial Services May Relocate From London: T V Mohandas Pai

Indian IT players catering to clients in the financial services space in London may shift their operations to other parts of Europe in the wake of Britain's exit from the European Union, says tech investor T V Mohandas Pai. For the Indian IT industry, the biggest immediate impact would be the shift in the movement of Pound Sterling, which has now become cheaper, Pai said. "That's already impacting them, marginally, depending upon who is exposed to business in the UK," he told news agency noting that over a period of time, lot of work is being done by Indian IT companies in UK financial services space in London. "Now, many of them may migrate to (other parts of) Europe. In case they migrate to Europe, they have to shift to Europe. What happens there is something that needs to be seen. So...

JLR is OK Over Britain Voted To Exit The EU

24Jun By NitishNo Comments

News

JLR is OK Over Britain Voted To Exit The EU

As Britain voted to exit the EU, Tata Motors-owned Jaguar Land Rover today said it is "business as usual" and will manage the long-term impact and implications of the decision, insisting "nothing will change" overnight for it and the automotive industry. "For Jaguar Land Rover, today is just business as usual. We are a British business with a strong manufacturing base in this country, we call Britain home and we remain committed to all our manufacturing sites and investment decisions," a JLR spokesperson said in a statement. On outcome of the referendum, the spokesperson said: "We respect the views of the British people and in line with all other businesses, Jaguar Land Rover will manage the long-term impact and implications of this decision: nothing will change for us, or the automotive i...