UK
Barclays to cut 5,000 jobs as it bets on AI
British bank Barclays plans to cut 5,000 jobs (5% of its workforce) to save costs and improve efficiency through investments in artificial intelligence. About 1,000 jobs have already been cut.
British Parents Choose Screen-Free Toys for Christmas
Demand for traditional toys and board games instead of gadgets is growing in the UK. Major retailers note changes in holiday selections.
UK Imposes Sanctions on 38 Russian Entities and Shadow Fleet Vessels
The UK government has expanded sanctions against Russia, adding 38 individuals and entities, as well as shadow fleet vessels, to its restrictions list.
UK to Withdraw 20 Diplomats from Israel and Close Consulate General in East Jerusalem
The UK will withdraw 20 diplomats from Israel, including the Consul General in East Jerusalem, under an agreement reached after London imposed sanctions on Israeli settlements in the West Bank.
Azerbaijan and UK Discuss Expanding Cooperation in Digital Development, AI and Cybersecurity
Azerbaijan's Minister of Digital Development and Transport Rashad Nabiyev announced on X that following talks with UK Trade Minister Lord Anas Sarwar, the two sides signed a memorandum of understanding and agreed to create a joint working group.
UK and Azerbaijan Finalise Text of Strategic Partnership Agreement
The two sides have finalised the text of a strategic partnership document. Signing is expected at the level of the UK Prime Minister and the President of Azerbaijan.
UK Diesel Price Hits All-Time Record
The average price of diesel in the UK reached £1.9918 per litre, breaking the previous record set in June 2022.
JLR to Cut 4,000 Jobs in the UK
Jaguar Land Rover has announced plans to cut around 4,000 jobs in the UK as part of a cost-saving program.
Kazakhstan Railways launches first multimodal fertilizer shipment from Ekibastuz to UK
Kazakhstan Railways (KTZ) has organized the first multimodal shipment of mineral fertilizers from Ekibastuz to the UK via the Trans-Caspian International Transport Route (TITR, or Middle Corridor).