International News

The UK economy will enjoy its fastest growth in more than 70 years in 2021 as Covid-19 restrictions are lifted, according to the Bank of England. The economy is expected to expand by 7.25% this year, with extra government spending helping to limit job losses. However, it follows a contraction of 9.9% in 2020, the biggest in 300 years. Andrew Bailey, the governor of the Bank of England, said the recovery was "strong" but likened it to "more of a bounce back" than a boom. He added that...

Chinese investors have stakes in key infrastructure firms such as Thames Water Heathrow and UK Power Networks also have Chinese stakeholders, reports say There is also reportedly at least £57billion Chinese investment in FTSE 100 firms Of £134billion total, £44billion said to be from Chinese state-owned companies However Sunday Times reports total investment may be higher than £134billion Chinese investors have spent at least £134billion on UK ...

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Nine innovative business-led research partnerships to develop technologies such as accelerated medicine discovery, green household products and sensor technology for drivers. Nine innovative business-led research partnerships backed with over £75 million to develop new technologies partnerships led by Unilever, EDF and the Francis Crick Institute will look at accelerating medicine discovery, creating green household products and developing sensor technology for drivers part of g...

London had the highest number of super-luxury home purchases of any city in the world during 2020, outperforming its traditional rivals of New York and Hong Kong. According to the upmarket estate agency group Knight Frank, 201 “super-prime” homes – collectively worth more than $3.7bn (£2.7bn) – were bought in London last year, easily knocking Hong Kong into second place with 169 sales. Analysing transaction data from 12 super-prime residential markets aro...

If the latest figures highlighting the number of overseas landlords owning property in the UK is anything to go by then Brexit hasn’t deterred investment in the UK property market. According to the most recent data, the figure stands at a five-year high of 184,000 – marking an increase of 19% over five years, when there were 154,000 overseas landlords, Residential property market experts, Ludlowthompson, suggest that many overseas investors have capitalised on the drop in the v...

The British technology industry had a solid 2020, despite the pandemic and fears over Brexit, an annual study shows. Tech start-ups and scale-ups in the UK have more than doubled their collective value since 2017, according to Tech Nation. Collectively, they are valued at $585billion (£422.55billion) which is more than double the next most valuable European scale-up ecosystem, Germany. Gerard Grech, founding chief executive, of Tech Nation, says: 'This year has highligh...

Plans to build a film studio and "bring Hollywood to the UK" have been approved. Shinfield Studios has been granted planning permission to set up four sound stages and four workshops near Reading for five years. It said it had already been approached by US film production companies. The project is part of a long-term vision for a "Cine Valley" where TV studios could also be built. The plans for the site at Thames Valley Science Park were approved by Wokingham Borough Council's pl...