Business
The British business winners and losers after US £150bn investment pledge
Donald Trump’s UK state visit coincided with an announcement that US firms will invest round £150 billion into the UK.
The trip comes amid a key period for global trade, after the US president’s tariff plans led to significant trade tensions earlier this year.
Firms in some sectors have announced fresh commitments to pump billions into the UK, in a potential boost for Chancellor Rachel Reeves.
However, some industries criticised a lack of trade deal support and tough investment conditions in the UK.
So, which sectors have been winners and losers this week:
Winners
Tech
Technology firms have been at the forefront of the major investment deals into the UK.
On Wednesday, Prime Minister Sir Keir Starmer and Mr Trump announced a “tech prosperity deal” will see the UK and US co-operate in areas including artificial intelligence (AI), quantum computing and nuclear power.
America’s top technology companies announced £31 billion of investment alongside the announcement.
These included a commitment by Microsoft to invest £22 billion in the UK to fund an expansion of Britain’s AI infrastructure and the construction of the country’s largest AI supercomputer.
Nvidia boss Jensen Huang hailed a “big week for AI in the UK” as the US chip giant committed to supporting the development of the supercomputer.
The firm agreed to deploy 120,000 advanced processors across the UK to help improve infrastructure across the British AI sector.
Google committed £5 billion of investment, focusing on improvements in research and development and AI infrastructure.
There was also a raft of smaller investments by tech companies including AI cloud computing company CoreWeave, Salesforce and AI Pathfinder.
Defence
US software company Palantir announced plans to invest £1.5 billion in the UK’s defence sector, with funding going into the development of artificial intelligence-powered capabilities to speed up decision making, military planning and targeting.
Defence Secretary John Healey said the investment was a “major vote of confidence” for the UK.
Palantir said it plans to establish the UK as its European headquarters for defence, creating 350 “high-skilled” new jobs.
Manufacturing and R&D
There were a number of investments such as £3.9 billion from Prologis to drive growth in life sciences and advanced manufacturing.
US engineering firm Stax committed £37 million to expand its operations and pioneer emission-reducing technology used at ports.
Infrastructure
Private equity giant Blackstone said it plans to invest around £100 billion into assets in the UK over the next decade, in the single largest investment commitment.
This includes £10 billion of previously announced investment into its UK data centres.
Nuclear engineering company Amentum confirmed a £150 million investment in the UK and said it plans to create more than 3,000 new jobs, to increase its UK workforce by over 50 per cent over the next four years.
X-Energy and Centrica also said they plan to build up to 12 advanced modular reactors.
Losers
Steel
The steel industry was among the main sectors left disappointed by the president’s visit.
Plans for US tariffs on UK steel exports to be scrapped have been shelved, with the UK pausing its push to bring the levy down to zero.
UK steel exports to the US currently face a 25 per cent tariff, compared with 50 per cent for other nations.
Earlier this year, the UK and the US agreed for some UK steel to be exempt from tariffs.
Gareth Stace, director-general of industry trade association UK Steel, said it was “disappointing”.
Pharmaceuticals
As part of investments between the countries, UK pharmaceutical giant GSK revealed plans to put nearly £22 billion into US R&D and manufacturing over the next five years.
The government said the deal will “strengthen UK-US life sciences ties” but it comes amid a challenging backdrop for investment for the sector in the UK.
Last week, US-based Merck said its UK operation will scrap plans for a £1 billion site in Kings Cross, which had been due to open in 2027.
Bosses blamed the government for paying too little for medicines and not investing enough in the sector, as it confirmed the move, which will impact around 125 jobs.
Days later, AstraZeneca announced it had paused plans to invest £200 million at a Cambridge research site in the latest major blow for the sector.
Industry bosses told MPs this week that the “difficult” environment in the UK and pressure on pricing had made the UK a less attractive investment environment than other countries such as the US.
Mr Trump told reporters on Thursday that pharmaceutical firms were coming back to the US from other countries.
“Car companies are moving in, AI is moving in, everybody’s coming in… The drug companies are coming back, they all want to be there – they sort of have to be there – but they all want to be there.”
Business
How To Claim Investments Of Deceased Holders: A Step-By-Step Guide For Mutual Funds & Bank Accounts
Last Updated:
Claiming mutual fund and bank account investments after a sudden death requires key documents and a step-by-step process for heirs. Learn how to proceed.
News18
A sudden death without nomination or a proper will may become a nightmare for the spouse or children of the deceased, posing a hindrance in acquiring investments in mutual fund and bank accounts. The transfer of investments and money is possible, though there are some processes that need to be completed before.
According to an estimate, around Rs 25,000 crore worth of shares and about nearly Rs 80,000 crore of bank deposits are lying unclaimed in the country. These assets often remain unclaimed due to inadequate documentation or heirs being unaware of their existence.
Let’s have a look at these step-by-step guide to claim the investments in MFs and deposits in bank accounts of the deceased ones:
Claiming Mutual Fund (MF) investments — step by step
1) Identify the folio(s) / AMC / registrar
Check statements, broker app, emails or CAMS/KARVY/CDSL records for the folio number and AMC (fund house).
2) Contact the AMC / Registrar (CAMS/KFinTech/etc.)
Inform them of the investor’s death. Ask for the Transmission / Death claim process and request the Transmission Request Form (often called Form T3 or a death-claim form). Many AMCs publish the list of required docs on their site.
3) Fill the transmission / claim form
Form will ask claimant details (nominee or legal heir), folio, bank details where proceeds should be credited, KYC details of claimant.
4) Gather required documents (usually)
- Death certificate (original or self-attested + attestation as required).
- Transmission request / claim form (signed).
- Proof of identity & address of claimant(s) (PAN, Aadhaar, passport, etc.). PAN is commonly required for the claimant.
- If nominee is minor — guardian proof / birth certificate.
- If no nominee: legal heir certificate / succession certificate / probate / will / family tree / affidavit (as per AMC).
- Cancelled cheque or bank proof for claimant’s bank account for payouts.
5) Submit to AMC / Registrar
Submit originals where required (often for death cert) and self-attested copies for others; follow AMC/registrar’s instructions (some accept scanned copies online, some need physical submission).
6) Processing & payout / transfer
Registrar/AMC verifies documents, updates folio (transmission to nominee/legal heir) and either: (a) transfers units to nominee/legal heir folio, or (b) redeems units and pays proceeds to bank account — based on request and folio type.
Times vary; check with the specific AMC/registrar for expected timeline.
7) If there’s disagreement among heirs
AMCs may require a court order or succession certificate for large or disputed claims.
Claiming bank accounts / fixed deposits — step by step
1) Contact the bank branch (home branch)
Inform them about the account holder’s death. Ask for the bank’s deceased claim or transmission procedure and the claim form they require (banks have standard forms). Some banks allow online initiation for certain cases.
2) Documents usually required
- Death certificate (original for verification).
- Account details (passbook, account number).
- KYC of claimant(s) — PAN, Aadhaar, passport, photos.
- Claim/form signed by claimant(s).
- Cancelled cheque / bank account proof where proceeds should be credited.
If no nominee or amount above specified limits, the bank may ask for: legal heir certificate, succession certificate, or probate as per the bank’s policy and amount thresholds. Many banks have simplified limits (small amounts may be settled on affidavit + ID proofs).
For joint accounts
If survivorship clause applies, surviving joint holder(s) can claim by presenting their ID + death cert. If account was “former or survivor”, the survivor can continue.
For fixed deposits
If nominee exists — nominee must present claim form + death cert + KYC to get FD proceeds. If no nominee — legal heirs/succession certificate route as per bank’s slabs (banks often have different documentation for small vs large sums).
Processing
Bank verifies documents, settles the balance or re-issues FD in heirs’ names per bank rules. Timelines & requirements vary across banks and by amount.
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
November 04, 2025, 06:30 IST
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Stemaide’s goal is to bring science and technology skills to all young Africans.
Started in 2022 in Ghana, it has developed a science kit that will work in areas without the internet.
Prince Boateng Asare, CEO of Stemaide, says the firm wants to prepare young Africans for the jobs of the future.
This is the second in a six-part series on technology in Africa.
DHAKA: Bangladesh will not hesitate to cancel a 2017 power contract with India’s Adani group if any irregularities or corruption are proven, said the Muhammad Yunus-led interim government, referring to an interim report that claimed “massive governance failure” and “massive corruption” across the energy sector.The report was submitted by the national review committee, established to review power sector contracts signed during the Sheikh Hasina governmet. Its chief, retired HC judge Moinul Islam Chowdhury, said Sunday “we found massive corruption, collusion, fraud, irregularities and illegalities”.While contracts affirm no corruption has taken place, cancellation remains possible if evidence proves otherwise, said power, energy and mineral resources adviser Muhammad Fouzul Kabir Khan at a press conference Sunday, following a meeting with the panel. “Verbal assurances won’t be accepted by courts; there must be proper justification,” he added.The 25-year deal between Adani Power and Bangladesh Power Development Board – which obliges Bangladesh to buy 100% of electricity generated by Adani’s 1,600 MW coal-fired power plant in Jharkhand – had come in for scrutiny after Hasina govt’s ouster. The plant was built to supply power exclusively to Bangladesh via a cross-border transmission line.Committee member Mushtaq Husain Khan said because it is a sovereign contract, it can’t be terminated arbitrarily. Cancelling such agreements could expose Bangladesh to substantial financial penalties from international arbitration courts, he said.
How To Claim Investments Of Deceased Holders: A Step-By-Step Guide For Mutual Funds & Bank Accounts
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