UK - Azzet - Business news, investments companies & executives

UK

UK
Trump arrives in the UK for his second state visit
United States President Donald Trump has touched down for his second state visit to the United Kingdom, where he will be hosted by King Charles III at Windsor Castle. During his visit, he is also set to meet with U.K. Prime Minister Keir Starmer to seal investment deals and a renewal of a “special relationship” between the two nations. Starmer is hoping to turn his focus onto geopolitics and investment after enduring recent events that undermined his authority, including being forced to fire his deputy and U.S. ambassador due to links to convicted sex offender Jeffrey Epstein. The Prime Minister is hoping to pitch Britain as a destination for U.S. investment to closely align its financial, tech and energy sectors to drive much-needed economic growth. This comes as U.S. finance firms have already invested US$1.7 billion in the U.K.. As well as this, Microsoft has invested US$30 billion, and other tech giants like Nvidia, Google, OpenAI, and Salesforce have announced investments that total over US$40 million. A spokesperson for Stamer said the state deal was a “historic opportunity” that came at a “crucial time for global stability and security. "The prime minister will discuss the challenges that both our count
UK
Keir Starmer appoints new economic team in shake up
British Prime Minister Keir Starmer has appointed Minouche Shafik, a former deputy governor of the Bank of England, as his chief economic adviser. Shafik has also held senior academic and civil service roles in Britain and served a brief term as Columbia President. She later left her role at New York University after scrutiny of her handling of protests and campus divisions over the Israel-Hamas war. Alongside this, Starmer has also brought finance minister Rachel Reeves’ deputy, Darren Jones, to his Downing Street office. This suggests that Starmer believes he requires economic advice before presenting a budget later this year, which is expected to include further tax rises. “I think the creation of a role for Darren Jones is a good move,” said one Labour lawmaker. “He’s clearly got an eye for the details but understands the politics too.” Starmer has also replaced his private secretary, who runs his team’s office and appointed a new director of communications. This comes as Starmer’s team has been criticised by some in his party for failing to sell his government’s sometimes difficult policy decisions as Labour’s poll ratings slump.
UK
UK threatens Palestinian recognition by September
British Prime Minister Keir Starmer has announced that the United Kingdom will formally recognise a Palestinian state at the United Nations General Assembly in September, unless Israel takes “substantive steps” to end the humanitarian crisis in Gaza. These steps include agreeing to a ceasefire, halting annexation plans in the West Bank, and committing to a long-term peace process that supports a two-state solution. Starmer made the statement following an emergency Cabinet meeting and discussion with international leaders. The U.K.’s conditions also demand that Hamas release all hostages, disarm, and accept no role in Gaza’s governance. Starmer stressed the urgency of the situation, citing images of starving children and widespread suffering in Gaza as driving factors behind the decision. The U.K. aims to see at least 500 aid trucks enter Gaza daily and has joined international efforts to increase humanitarian deliveries. Israel has strongly condemned the announcement, with Prime Minister Benjamin Netanyahu accusing the U.K. of “rewarding Hamas' terrorism” and warning that recognition could embolden jihadist groups. Domestically, Starmer faces criticism from Conservative leaders and some Labour figures. However
UK
UK set to lower voting age to 16 next national election
The British government is lowering the voting age from 18 to 16 for the next national election, in a bid to increase voter participation. This would be the largest change in voting since the United Kingdom became the world’s first major democracy, lowering the voting age from 21 to 18 in 1969. The change would see the U.K. join countries like Austria, Argentina, Germany, which have already allowed 16 and 17-year-olds to vote. In the U.K., 16-year-olds can already vote for representatives in parliaments and local councils in Scotland and Wales but not in England and Ireland. U.K. Prime Minister Keir Starmer said the move would increase trust in democracy. "They're old enough to go out to work, they're old enough to pay taxes … and I think if you pay in, you should have the opportunity to say what you want your money spent on, which way the government should go," Starmer told Britain's ITV News. This comes as the U.K. experienced the lowest voter turnout since 2001 in 2024, with a turnout of around 60%. Research has shown that first-time voters at the age of 16 and 17 can be more engaged and more likely to go to the polls than 18 to 20-year-old first-time voters. "That's plausible when you think about 18-19-2
UK
Sultana starts fundraising for new leftwing UK party
Zarah Sultana has started fundraising efforts under her own name for the formation of a new left-wing party in the United Kingdom. This comes after Sultana announced she would leave the Labour Party to co-lead the new party with Jeremy Cobryn. Sultana used the platform Action Network to set up the fundraising and supporter sign-up page which has recorded more than 64,000 ‘actions taken’ so far. However there has been some controversy with the launch with some skepticism around it being put in Sultana’s name. Concerns were fuelled by the fact that the movement between Sultana and Cobryn lacked wider infrastructure, causing fears that Sultana could retain ownership of the data and donations in the absence of them. But some concerns appear to have been allayed after a week of silence and off-stage manoeuvring – culminating in an apparent agreement to fold all assets into the new party’s collective structure. One ally said the backlash over the launch was overblown and noted the scale of support Sultana had generated. While the future of the new party remains uncertain, it has already garnered some support. A poll seen by the New Statesman showed the new Corbyn-led party polling at 10% of the electorate and acc

UK
Prince Harry heads to court, seeking security reinstated
Prince Harry has headed home to the U.K. for an appearance in court, as he looks to overturn a decision that he would automatically no longer receive British security detail once he stood down from royal duties. The decision was made by the British government, and saw him and his wife the Meghan Markle, the Duchess of Sussex, stripped of their tax payer funded security detail when they both stepped down from being working members of the royal family back in 2020. The decision was made by the Executive Committee for the Protection of Royalty and Public Figures, known as RAVEC. The High Court in London already ruled the decision was lawful last year, and refused permission to challenge that ruling in a higher court, but the Court of Appeal agreed to hear the case, which is where it sits now. The Duke of Sussex and his lawyer, Shaheed Fatima, launched the legal proceedings by stating at the hearing he had been “singled out for unjustified and inferior treatment", and that his trips home to the U.K., from California where he, his wife and two children now live, were so rare in part due to these security concerns. Sir James Eadie, the government's senior barrister, led the opposing side with the explanation that Prince
UK
UK PM says 'world as we knew it' is gone after tariffs
U.K. Prime Minister Keir Starmer says that new global tariffs from the Trump administration have changed the global economic landscape and created a ‘new world’. The remarks came as part of Starmer's opinion pieced penned for The Sunday Telegraph in the wake of a wave of shocking new tariffs, the highest seen in over a century, introduced by U.S. President Donald Trump last week. The new U.S. baseline import tax of 10 percent came into effect over the weekend, and both the U.K. and Australia are facing only this tax level, compared to many nations facing targeted tariffs of a more severe nature. Despite the uncertainty of how these new tariffs will play out, with some still to come into effect, Starmer said that he stood “ready to use industrial policy to help shelter British business from the storm.” “Some people may feel uncomfortable about this – the idea the state should intervene directly to shape the market has often been derided," He said. “But we simply cannot cling on to old sentiments when the world is turning this fast.” Meanwhile, on Saturday as the first round of tariffs came into effect Trump wrote on social media platform Truth Social that this was “an economic revolution” and to “hang tough” for a
UK
Starmer taking the helm on Ukraine military peace plans
British Prime Minister Sir Keir Starmer has virtually met with 29 other world leaders to discuss military peacekeeping plans for Ukraine ahead of a possible ceasefire. Military leaders will additionally meet in person in London later this week “to put strong and robust plans in place to swing in behind a peace deal and guarantee Ukraine's future security” Starmer confirmed. These discussions follow Ukraine agreeing to a 30-day ceasefire after talks with the United States, but Russian President Vladimir Putin placing numerous conditions on the deal Australia's role in the “coalition of the willing” peacekeeping operation is not yet clear as Prime Minister Anthony Albanese said that Australia may send a “small contribution” of peacekeepers if it was asked to do so, but was reluctant to confirm anything concrete before a ceasefire agreement was fully settled. Albanese was part of the 29 leaders in Starmer's call on Sunday (Monday AEDT) however, alongside the leaders of Canada, New Zealand and Europe, and Ukrainian President, Volodymyr Zelenskyy. Albanese stated on the same day that pressure must remain on Russia to end its war with Ukraine that Australia would continue to stand up to “bullies” like Vladimir Putin. B
UK
UK's Starmer talks 'peace in Ukraine' with Trump
United Kingdom Prime Minister Keir Stamer has met with United States President Donald Trump at the White House to discuss peace deals in Ukraine. This comes after French President, Emmanuel Macron met with Trump earlier this week. In his opening statements, Starmer thanked Trump for being open to the conversation of making peace possible for Ukraine. “Thank you for changing the conversation to bring about the possibility that now we can have a peace deal,” Starmer said. “And we want to work with you to make sure that peace deal is enduring, that it lasts, that it’s a deal that goes down to, a historic deal that nobody reaches. And we’ll work with you to make sure that that absolutely happens.” During the meeting, Trump came close to saying that the U.S. would engage in Ukraine’s security and provide a deterrent threat against Russia restarting the war if a ceasefire was signed, even if it wasn’t the security guarantee European leaders had hoped for. Trump said he would provide a security guarantee for Ukraine if Volodymyr Zelensky agreed to a minerals deal and having American workers in the country. “We’ll have a lot of people working and so in that sense, it’s very good,” he said. “It’s a backstop. You cou