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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 retail footfall drops sharply as consumer caution hits ahead of budget

Shoppers and commuters cross the bustling city intersection on a typical weekday.

iStock image

UK retail footfall drops sharply as consumer caution hits ahead of budget

Highlights

  • UK footfall fell 1.8 per cent in September year-on-year, with high street visits down 2.5 per cent.
  • Consumer confidence dropped to -10.4 per cent in Q2 2025, its lowest level since early 2024.
  • Last year's Budget added £5bn in employment costs to the retail industry.
  • Job security sentiment declined by 4.8 percentage points, falling below the long-term average.

Footfall figures decline

Consumer caution ahead of the upcoming budget has led to a notable fall in UK high street footfall, as rising employment costs and subdued spending weigh heavily on retailers, according to new figures from the British Retail Consortium (BRC).

The BRC reported a slowdown in shopper visits across most retail locations, signalling growing concern among consumers over job security and personal debt.

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