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Amazon to invest £40 billion in UK over 3 years: govt

Economic Times

Economic Times · 2m ago

Amazon to invest £40 billion in UK over 3 years: govt

Amazon plans to invest £40 billion in the UK over three years, enhancing Prime Minister Keir Starmer's economic strategy. The investment includes constructing four distribution centers creating 4,000 jobs, renovating Bray Film Studios, and expanding AI and cloud computing capabilities. This move aligns with the UK government's "Modern Industrial Strategy" to boost high-growth industries. Amazon, employing over 75,000 across the UK, underscores its commitment to innovation and job creation in the region.

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Amazon to invest $10 billion in UK data centres

Economic Times

Economic Times · 11m ago

Amazon to invest $10 billion in UK data centres

Amazon Web Services (AWS) plans to invest £8 billion ($10.45 billion) in the UK over the next five years to fund the construction and operation of data centres. The project is expected to contribute £14 billion to the country's GDP by 2028 and create around 14,000 jobs. AWS has already invested £3 billion in London and Manchester since 2022. The company's decision on data centre locations takes into account factors like power, water, and the local environment. The investment reflects increasing demand for cloud services driven by artificial intelligence.

Amazon UK to spend £170 million on staff pay rises

Economic Times

Economic Times · 1y ago

Amazon UK to spend £170 million on staff pay rises

Amazon UK has announced plans to invest £170 million in pay rises for staff. This move comes as the company aims to attract and retain talent amid an ongoing labor shortage in the UK. The pay rise will be given to over 40,000 employees across the country, including warehouse and courier staff. Amazon has been facing criticism regarding its treatment of employees, and this pay increase is seen as an effort to address those concerns.

Temasek To Pump $3-4 Bn In India In FY26

Inc42 · 1m ago

Temasek To Pump $3-4 Bn In India In FY26

Temasek, a Singaporean sovereign wealth fund, plans to invest $3-4 billion in India during the fiscal year 2026. Over the past two years, Temasek has already invested $6 billion in the country. The firm's India exposure, including indirect investments like Airtel, has grown significantly, increasing from $35 billion to $50 billion. Key focus areas for future investments include digitization, artificial intelligence, food technology, consumption trends, and sustainable living.

Revolut plans $1.1 billion French expansion, will apply for banking licence

Economic Times

Economic Times · 3m ago

Revolut plans $1.1 billion French expansion, will apply for banking licence

British finance company Revolut plans to invest 1 billion euros in France over three years and apply for a French banking licence. Announced at the Choose France investment summit, hosted by President Emmanuel Macron, Revolut will open a new Paris office for Western Europe operations, creating at least 200 jobs. With over 55 million customers and existing operations in France, Revolut holds a UK banking licence and considers Lithuania a key growth base.

India considering $7.2 bln housing loan interest subsidy scheme- govt sources

Reuters · 1y ago

India considering $7.2 bln housing loan interest subsidy scheme- govt sources

India is planning to allocate 600 billion rupees ($7.2 billion) for subsidised loans aimed at small urban housing over the next five years. The scheme, proposed by Indian Prime Minister Narendra Modi, will provide an annual interest subsidy of 3-6.5% for housing loans below five million rupees, benefiting around 2.5 million low-income loan applicants in urban areas. The funds will be credited upfront to the loan account. The scheme is expected to be rolled out by banks in the coming months.

That Scotch you love isn't going to be drastically cheaper after trade deal

Livemint

Livemint · 1m ago

That Scotch you love isn't going to be drastically cheaper after trade deal

The newly signed India-UK Comprehensive Economic and Trade Agreement (CETA) will reduce the 150% customs duty on UK spirits to 75%, further decreasing to 30-40% over the next 10 years. This will result in modest retail price reductions of 8-10% for premium Scotch, as import duties comprise only 10-15% of the total shelf price. However, the agreement does not include UK wines and beers.

Cisco launches $1 billion AI fund and makes first investments

Economic Times

Economic Times · 1y ago

Cisco launches $1 billion AI fund and makes first investments

Cisco has launched a $1 billion fund to invest in artificial intelligence (AI) startups. The company has already committed nearly $200 million to invest in companies such as Cohere, Mistral AI, and Scale AI. Scale AI is valued at nearly $14 billion, while Cohere and Mistral are reportedly in talks to raise funds at a valuation of $5 billion each. Cisco's move follows other tech giants, including Microsoft-backed OpenAI, Meta, and Amazon, who have also invested in AI startups. Cisco has been actively investing in AI with over 20 acquisitions and investments in recent years.

OYO to invest 50 million pounds in UK to expand premium hotel portfolio

Economic Times

Economic Times · 6m ago

OYO to invest 50 million pounds in UK to expand premium hotel portfolio

OYO plans to invest 50 million pounds over three years in the UK, focusing on expanding its premium hotel portfolio and creating 1,000 jobs in the hospitality sector. The strategy includes acquiring long-term leaseholds and management contracts with premium properties. OYO aims to strengthen UK tourism infrastructure and diversify offerings by introducing European brands. The investment highlights the role of tech startups in boosting Indo-UK trade and economic relations, enhancing bilateral trade growth.

Half of British Firms Will Cut Jobs After Budget Tax Hikes, CBI Says

Livemint

Livemint · 9m ago

Half of British Firms Will Cut Jobs After Budget Tax Hikes, CBI Says

Nearly half of UK firms are considering job cuts in response to the Labour government's tax-raising budget, according to the Confederation of British Industry. Chancellor of the Exchequer Rachel Reeves announced tax increases of over £40 billion last month, mainly impacting national insurance contributions. Many companies were surprised by the scale of the tax hikes, causing reluctance to invest and expand. The CBI's CEO, Rain Newton-Smith, will call for tax reforms, simplified tax systems, increased technology adoption, and making occupational health tax-free to mitigate potential damage to businesses and the workforce.

Multiples PE nears deal for Smallcase stake

The Arc Web

The Arc Web · 1y ago

Multiples PE nears deal for Smallcase stake

Private equity firm Multiples Alternate Asset Management is considering leading a $30-40 million funding round for Smallcase, a digital investment platform backed by Zerodha and Amazon. This could value Smallcase at over $300 million. Multiples, which traditionally invests in profitable companies and fintechs, raised a $640-million fund in 2023. Smallcase, which bundles securities for retail investors, has 100 million users and facilitated $9.3 billion in investments. It seeks funds to bolster cash reserves and invest in Zerodha Fund House.

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