Author: Lucas

Plans for more than 300 new homes on Surrey green belt land have been submitted, with residents having until December to comment on them. Developer Martin Grant Homes has filed two applications with Woking Borough Council to build 309 homes on Saunders Lane, in Mayford.The first seeks to build 162 homes to the north west of Saunders Lane, while the second is aiming for 147 homes to the north east.Half the housing will be affordable and split across the two sites, according to planning documents. Source link

Russia plans to issue its first yuan-denominated government bonds early next month in an attempt to cover this year’s record budget deficit caused by the war in Ukraine. This was reported by Bloomberg, according to Ukrinform. A statement by the Russian Ministry of Finance published on Wednesday said that on December 2, the ministry will begin accepting bids from investors for two series of fixed-rate domestic bonds denominated in Chinese currency, with maturities ranging from three to seven years and a coupon period of 182 days. The nominal value of each bond will be 10,000 yuan. The Russian government is…

Anne Pritchard, CFO Philtronics Philtronics, a Contract Electronics Manufacturer (CEM) based in Aberdare, has been named SME of the Region at Make UK’s Regional Manufacturing Awards. The company has also received the top award in the Developing Future Talent category for its commitment to nurturing the next generation of engineers and technicians. Since its founding in 2003, Philtronics has grown from a modest 500-square-foot startup into a 25,000-square-foot facility, employing 85 people and achieving a 50/50 male/female workforce and management team. The company works across Wales’ semiconductor, defence and medtech sectors. Over the past three years, Philtronics has implemented a…

In this week’s edition of InnovationRx, we look at BillionToOne’s IPO, China’s biotech power couple and Lilly’s eye drug deal. To get it in your inbox, subscribe here. A deal between defecting Democrats and the Republicans may end the government shutdown, but it punted on subsidies for health insurance coverage under the Affordable Care Act, the key demand of Democrats in the shutdown fight. These tax credits are designed to keep ACA plans affordable and are slated to expire at the end of the year. The agreement was reached after eight Democratic Senators broke ranks on Sunday to reopen the…

EDF and Framatome have announced the launch of a feasibility study aimed at producing cobalt-60 for medical applications in one of EDF’s nuclear reactors.   Co-60 is used to sterilise medical devices and is also used in cancer treatment. Most of the world’s supply of the isotope is produced by irradiation of naturally occurring cobalt-59 in Candu reactors, mainly in Canada but also in Argentina, China and South Korea. It is also produced in RBMK reactors and the BN-800 fast neutron reactor in Russia. Under an agreement signed last week during the World Nuclear Exhibition in Paris, EDF and Framatome…

The world’s largest corporate holder of Bitcoin (BTC) says it plans to launch a new initial public offering (IPO) of a euro-denominated perpetual preferred stock. Strategy (MSTR) says it plans to issue 3.5 million shares of the Series A Perpetual Stream Preferred Stock (STRE). The Bitcoin treasury firm intends to use the proceeds from the offering for general corporate purposes, which include bolstering its working capital and funding the acquisition of more BTC. The company already holds 641,205 of the flagship cryptocurrency worth over $65 billion based on the asset’s current price of $101,967. STRE will be offered at 100 euros…

The rise of algorithmic and high-frequency trading brings efficiency but also demands robust risk controls, real-time monitoring and compliance safeguards, Securities and Exchange Board of India chairman Tuhin Kanta Pandey told the Morningstar Investment Conference India 2025. Illustration: Dominic Xavier/Rediff Pandey said rapid technological change, growing market interconnectedness and rising investor expectations have created fresh complexities for financial intermediaries. “Intermediaries today navigate a landscape defined by rapid technological change, interconnected markets and rising stakeholder expectations,” he said.   He cautioned that while technology improves speed and access, it also magnifies risks. “Firms must safeguard sensitive client data and critical infrastructure…

Hotel guests have reportedly been kicked out during the middle of their stay after short-term rental company Sonder collapsed. Read this and the rest of today’s consumer and personal finance news with … Source link

The company on Wednesday approved a proposal to raise ₹1,000 crore through a private placement of debentures Looking to re-emerge on the shipbuilding landscape in India, the stock of loss-making Swan Defence and Heavy Industries (SDHI) has seen a monumental rise of 2,700 per cent in 2025 year to date.On Wednesday, the shares of the company that went to a 52-week low of ₹35.99 on January 20, this year, were suspended after it hit the 5 per cent upper circuit at ₹1,036.45 per share. The market capitalisation of the company stood at over ₹5,400 crore.The company on Wednesday approved a…

Russia will sell its first yuan-denominated domestic government bonds with maturities ranging from three to seven years on Dec. 8, the country’s finance ministry announced on Wednesday, with demand expected mostly from Russian firms trading with China. The announcement confirmed a Reuters report from Oct. 31 about the planned move, which offers an investment option for the vast amounts of yuan liquidity accumulated by exporters and banks from Russian energy sales to China. Trade between Russia and China, which have strong political ties, reached a record $245 billion last year. Leaders of the two countries declared a “no limits” strategic…