Tag

Post Brexit

All articles tagged with #post brexit

finance2 years ago•2 min saved

"UK Abolishes Bankers' Bonus Cap, Sparks Controversy"

Britain has scrapped a decade-old cap on banker bonuses inherited from the European Union, signaling a divergence in post-Brexit financial rules. The cap, introduced in 2014 to prevent behavior that led to the 2008 financial crisis, has been criticized for leading to higher fixed salaries. The Bank of England and Financial Conduct Authority proposed scrapping the cap earlier this year, and its abolition was confirmed in final policy published on Tuesday. The change will enter into force from October 31, earlier than the original proposed start date of 2024. The decision has drawn criticism from labor unions, while law firm Linklaters stated that it aligns Britain with the rest of the world, except the EU.

via Reuters UK|

#banker-bonuses #britain #eu

business2 years ago•3 min saved

"Microsoft's Gaming Deal Raises Doubts on UK's Post-Brexit Direction"

The UK's Competition and Markets Authority (CMA) has maintained its decision to block Microsoft's $69 billion bid to acquire Activision Blizzard, but will consider a separate restructured deal proposed by Microsoft. The new proposal involves Activision divesting its cloud streaming rights to Ubisoft Entertainment, excluding the European Union. The CMA's objection to the deal reflects its tough stance on big technology companies, and the outcome raises doubts about the CMA's power to block megadeals that are not in line with other major jurisdictions. The CMA will review the new proposal and make an announcement by October 18.

via Reuters|

#activision-blizzard #business #cloud-gaming

gaming2 years ago•2 min saved

Upcoming game 'Hollowbody' draws inspiration from Silent Hill for cyberpunk horror experience.

Bristol-based developer Headware Games has released a five-minute gameplay trailer for its upcoming survival horror game, Hollowbody, set in a post-Brexit dystopia. The game is inspired by Silent Hill and features fixed camera angles, resource scavenging, and scripted events. Players take on the role of Mica, an unlicensed Shipper, who must navigate a quarantined area in search of a way to safety while battling post-human nightmares. The game is scheduled to launch on Windows PC in early 2024.

via Polygon|

#cyberpunk #dystopia #gaming

trade2 years ago•1 min saved

UK on track to join Pacific trade pact.

Britain is expected to soon reach a broad agreement with the 11 members of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which includes Japan and Australia, as it seeks to join the trade pact as part of its post-Brexit pivot towards geographically distant but fast-growing economies, especially in the Indo-Pacific. The aim is to further cut tariffs on goods and reduce barriers to services and digital trade. Discussions are set to be held later this week, with an update expected at the "earliest possible opportunity".

via Reuters UK|

#britain #cptpp #post-brexit