Business

London startup Nila has raised $2.4 million led by LocalGlobe to expand its AI-powered eldercare platform across India and Asia. The service helps immigrants coordinate and pay for trusted caregivers for elderly relatives back home. Read more: Nila raises $2.4 Million to help immigrants care for elderly family across borders

London-based AI recruiter Jack & Jill has raised $20 million in seed funding led by Creandum to expand in Europe and the US. The startup uses conversational AI agents to transform how candidates and companies find perfect matches. Read more: London AI recruitment startup Jack & Jill raises $20 Million seed round

Britain has imposed 90 new sanctions targeting Russian oil exports, shadow tankers, and refineries in India and China. Chancellor Rachel Reeves said the measures will “cut off Putin’s war funding” ahead of G7 talks in Washington. Read more: UK targets Russian oil market with new sanctions on Lukoil, Rosneft and ‘Shadow Fleet’

Washington has accused Beijing of betraying a trade truce after China tightened export curbs on rare earth materials. US officials called the move “economic coercion” and warned of new tariffs, heightening fears of a renewed trade war. Read more: US blasts China as ‘unreliable partner’ amid escalating trade tensions

India’s exports to the US have fallen 40% in four months as Trump’s 50% tariffs take effect, hitting textiles, jewellery and engineering goods. Talks are under way to ease tensions and rescue a trading relationship worth $190bn. Read more: India’s exports to US plunge as Trump’s 50% tariffs take effect

The PRA and FCA have cut the deferral period for senior banker bonuses from eight years to four, in the latest post-crisis reform aimed at boosting the City’s global competitiveness while maintaining safeguards against excessive risk-taking. Read more: Bankers to receive bonuses faster under post-crisis rule change