Markets
Regulator could block Sainsbury-Asda merger over competition concerns
However, the watchdog added: "The CMA's current view is that it is likely to be hard for the companies to address the concerns it has identified". Sainsbury's boss told the BBC the findings were "outrageous". "This is a massive problem for any business that might be considering a transaction in the United Kingdom", he said. The merger could lead to a "poorer shopping experience" and a "reduc... [Full Article...]
Viral Petition: Sell "Useless" Montana To Canada For $1T
The trillion-dollar deal sounds like a big payout, but the national debt just topped $22 trillion . "We have too much debt and Montana is useless", the petition says. "I'm Montanan and hoping to join Canada without the moving costs. I want to live in Canada but I don't want to move". "Let's do this. Please adopt us". [Full Article...]
Lloyds to return £4bn to shareholders as it reports higher profits
Chief Executive António Horta Osório said he was betting on a last minute accord between British Prime Minister Theresa May and the European Union on the future trading relationship between Britain and the bloc. "We have made significant progress against the priorities we set out at the start of the year when we launched the third stage of our strategic plan, which is supported by investment of mo... [Full Article...]
'Devastating': Honda to shut United Kingdom plant, 3,500 jobs at risk
Honda has previously warned that a no-deal Brexit would cost it tens of millions of pounds. Honda said this was not part of the decision-making process but its boss said it would benefit from the EU-Japan deal. The Japanese carmaker is shutting the site in 2021 - but insists the decision has nothing to do with Brexit. Honda is also adjusting its operations in Turkey , where it makes 38,0... [Full Article...]
EU's Juncker, Britain's May to meet on Brexit on Wednesday
On Monday (18 February), Brexit Secretary Steve Barclay met European Union chief negotiator Michel Barnier , and on Tuesday, Attorney General Geoffrey Cox will make a speech setting out what changes would be required to eliminate the legal risk that Britain could be trapped in a Northern Irish backstop indefinitely. [Full Article...]
Government relaxes norms, investment limit for angel tax concession to startups
Union Minister for Commerce and Industry Suresh Prabhu has cleared a proposal to simplify exemptions for startups under Section 56 (2) (viib) of the Income Tax Act , according to a release from the Commerce Ministry. Many startups who raised angel investments in assessment year 2015-16 and 2016-17, received notices from the Income Tax department under this Act. Section 56 (2)(viib) of the Incom... [Full Article...]
The EU warns they 'will not reopen the withdrawal agreement'
The UK Prime Minister will meet commission president Jean-Claude Juncker in the Belgian capital on Wednesday evening, commission chief spokesman Margaritis Schinas announced. But Lord Callanan said: "The Prime Minister has been very clear that we intend to leave on March 29, that's what Article 50 says and that's what our domestic legislation says". [Full Article...]
Pro-pipeline protest convoy reaches Ottawa after rolling across country
The group is asking for the carbon tax to be repealed or at least revisited and is opposed to Bill C48 - Oil Tanker Moratorium Act, Bill C69 - enacting the Impact Assessment Act, and the United Nations migration pact. "Everybody's involved", said Carritt. "No matter what you wear - whether you're a yellow vest, blue coverall, white hardhat, black hardhat or a suit and tie - it doesn't matter". [Full Article...]