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Two Indian origin among 10 business chiefs invited for meeting with Trump

INDIAN origin chief executive officer (CEO) of Reckitt Benckiser (RB) was among those invited to a breakfast meeting between the US president Donald Trump and senior business leaders from Britain and the US.

Another Indian origin Vis Raghavan, the CEO for JP Morgan in Europe, the Middle East, and Africa also participated in the meeting as a US business head on Tuesday (4).


Rakesh Kapoor, the outgoing CEO of the consumer goods company RB and Raghavan were on the list of 10 business heads who attended the meeting at St James’s Palace in London.

Kapoor told Trump, RB planned to invest an additional $200 million between its British and US businesses his year, including a $70m investment in a Michigan production site.

The meeting of five British and five American firms, senior ministers, and officials was held with a focus to boost trade links.

The US president is in Britain for a three-day state visit starting from Monday (3).

The meeting was hosted by Trump and the UK prime minister Theresa May.

The leaders' top priority was a possible bilateral trade agreement to take effect once the UK moves out of the European Union.

The meeting involved top executives from the UK businesses including BAE Systems, Barclays Bank, GSK, the National Grid, and Reckitt Benckiser.

US firms present included Bechtel, Goldman Sachs, JPMorgan, Lockheed Martin, and software firm Splunk.

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UK unemployment rises to 5 per cent ahead of budget

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UK unemployment rises to 5 per cent ahead of budget

Highlights

  • Unemployment rate climbs to 5 percent in the third quarter, up from 4.7 percent.
  • Wage growth continues to shrink as businesses delay hiring ahead of budget.
  • Weak labour data raises chances of Bank of England cutting interest rates.

The United Kingdom's unemployment rate increased more than expected to 5 percent in the third quarter, official data revealed Tuesday, marking the highest level since early 2021.

The Office for National Statistics said the rate had risen from 4.7 percent in the previous quarter. Analysts had predicted a smaller increase to 4.9 percent. The data comes just weeks before the Labour government is scheduled to present its annual budget on November (26), which is expected to include tax rises amid slow economic growth.

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