EU launches legal action against UK

The FINANCIAL — The European Commission has today sent the United Kingdom a letter of formal notice for breaching its obligations under the Withdrawal Agreement. This marks the beginning of a formal infringement process against the United Kingdom. It has one month…

6 mins read

UK could soon have jet suit paramedics

 The FINANCIAL —  A collaboration between Gravity Industries, which has developed and patented a 1050 brake horsepower Jet Suit, and the Great North Air Ambulance Service (GNAAS), has resulted in a test flight in the heart of the Lakes. Director of operations…

5 mins read

Nokia signs 5G deal with BT following Huawei ban

The FINANCIAL — Nokia today announced that it has extended its long-term strategic relationship with BT into the 5G arena, following its selection as a 5G RAN vendor for the UK operator. As part of the deal, which will make Nokia BT’s largest…

5 mins read

Uber won 18-month license to continue operating in London

The FINANCIAL — Uber won an appeal to continue operating in London on Monday when the judge restored its transportation license. Judge Tan Ikram said that he had “sufficient confidence” Uber “no longer poses a risk to public safety.” A ban would have been…

7 mins read

British consumers increased their spending in August

The FINANCIAL — UK consumer spending exceeds last year’s level for first time since lockdown. Pubs and bars enjoy rebound but shops still struggle as the public switch to online purchases. British consumers increased their spending again in August as they went on…

5 mins read

HMRC reveals that up to £3.5bn furlough cash paid out in error

The FINANCIAL — Up to £3.5bn in Coronavirus Job Retention Scheme payments may have been claimed fraudulently or paid out in error, the government has said. HMRC has calculated that between five and 10% of payments have been wrongly calculated, possibly as a…

5 mins read

FDI in Georgia amounted USD 237.8 million in Q2 2020

The FINANCIAL — National Statistics Office of Georgia published data of Foreign Direct Investments Q2. Foreign direct investments (FDI) in Georgia amounted to USD 237.8 million in Q2 2020 (preliminary data), up 0.5 percent from the adjusted data of Q2 2019. The top three countries…

4 mins read

Noble Partner 2020 Officially begins on 7 September

The FINANCIAL — Noble Partner is a cooperatively-led multinational training exercise in its fifth iteration. It is aimed to enhance Georgian, U.S. and partner forces readiness and interoperability and to also contribute in maintaining stable, secure environment over the Black Sea region. U.S.…

5 mins read