AsianTimes Daily Upadtes

Sri Lanka signs the solar and wind hybrid power generation facilities with an Indian company after rejecting the Chinese offer. The project, which was initially funded by an Asian Development Bank (ADB) loan, was temporarily shelved two years ago after India raised concerns over China’s involvement.

Britain's Conservative government will release a pre-election budget Wednesday, which could include voter-friendly policies, as Prime Minister Rishi Sunak's party leads main opposition Labour in polls.

Accourding to official data showed, Britain’s economy returned to growth in January after entering a shallow recession in the second half of 2023, offering some relief to Prime Minister Rishi Sunak ahead of an election expected this year.

British mobile phone operator Vodafone said Friday it has agreed to sell its Italian unit to Swisscom for eight billion euros in cash, completing efforts to overhaul its European operations.

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Tata Steel UK, owned by India-based Tata Group, announced the closure of the coke ovens at its Port Talbot steel plant in south Wales, with operations ceasing this week, marking an earlier shutdown than originally planned.

The Financial Conduct Authority has fined trader Nailesh Teraiya £5.95 million and barred him from operating in the market for his role in a sham trading scheme that obtained fake refunds of €91.2 million from the Danish tax authority, SKAT.

THE father-in-law of prime minister Rishi Sunak and the co-founder of Indian IT giant Infosys, NR Narayana Murthy, has gifted 1.5 million shares of the company, valued at £23 million, to his grandson, reports said.