Business
UK-India complete fifth round of talks for Free-Trade Agreement
London: The United Kingdom and India have now completed five rounds of talks regarding the Free Trade Agreement (FTA). The teams of negotiation officials met in a hybrid manner. While some teams met in New Delhi, India, a majority of officials joined the talks virtually.Â
People in UK turning to cash owing to Cost-of-living crisis
UK: The United Kingdom has been tackling the cost-of-living crisis since the Russia-Ukraine war has disrupted the global supply chain. The rising prices of energy have made subsistence tougher for the citizens of the UK. While people seek a solution from the upcoming Prime Minister, the citizens have already been following alternate approaches to save their resources by fostering control over their expenses.
Bank of England scraps ‘Mortgage Affordability’ Test
UK: The Bank of England has scrapped away the ‘affordability test’ making mortgaging easier than ever. Earlier , the lenders had to undertake stress test where they checked if the borrowers would be able to repay ,incase the rates of interest surged by up to 3%.Â
UK businesses cutting ties with China; CBI confirms
UK: The Confederation of British Industry (CBI), has confirmed the breakdown of business relations of British enterprises with Chinese firms amidst rifts between Beijing and the west. The brewing political and security tensions have caused the British firms to step back from continuing or carrying forward the business ties any further with China.
Dominica Citizenship by Investment Programme paves path to peaceful life for high-net-worth individuals
One cannot decide its place of birth, but where to lead a life, that is totally one’s own decision. For the citizens seeking alternate citizenship, the Citizenship By Investment(CBI) Programme is a ray of hope for these individuals. The CBI Programme implies citizenship of a country is provided at an investment of a certain sum in that particular country. The decision regarding investment in a country is influenced by various attributes like the standard of living , political environment, and return on investment rates so as to lead a peaceful and successful life.