Global Trade and Business

Traders in oil, gas, power, stocks, currencies and bonds from London to Singapore struggled to operate on Friday as a global cyber outage hampered operations, companies, banks and trading sources said. LSEG Group (LSEG.L), opens new tab, which runs the London Stock Exchange, said its Workspace news and data platform suffered an outage that affected users worldwide due […]

Chinese-owned British Steel has reportedly submitted a request for a package of taxpayer support worth £600m as it looks for assistance from the next government to upgrade to less polluting technology. The Guardian Said Government officials are due to review plans that set out the costs of switching from blast furnaces to electric arc furnaces at […]

China-Britain Business Council (CBBC) Chair Sir Sherard Cowper-Coles, together with a delegation of 11 British companies, met with Premier Li Qiang at the Great Hall of the People in Beijing yesterday. Sir Sherard Cowper-Coles, Chair, CBBC, and Senior Advisor, HSBC, is visiting China as part of a week-long programme including celebrating CBBC’s 70-year anniversary since founding. […]

Goldman Sachs is removing a cap on bonuses for London-based staff, paving the way for it to resume making multimillion pound payouts to its best-performing traders and dealmakers. Sky News reports The Wall Street banking giant notified its UK employees on Thursday that it had decided to abolish the existing pay ratio imposed under European […]

TikTok’s Chinese parent company ByteDance says it has no intention of selling the business after the US passed a law to force it to sell the hugely popular video app or be banned in America. Reuters says “ByteDance doesn’t have any plans to sell TikTok,” the company posted on its official account on Toutiao, a […]