Saturday, 16 December 2017

Business

Vietnam Coffee Trade Slows as Buyers Bet on Bigger Discounts

Coffee

HANOI: Coffee trading is slowing in Vietnam, the top robusta producer, on expectations that a larger harvest and changes to the London futures contract next year will give buyers bigger discounts. Roasters and traders are delaying purchases on bets that a bigger crop currently being gathered will push prices lower, ...

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Ryanair Recognizes Unions To Stop Strikes

Ryanair

LONDON: Ryanair has made a dramatic U-turn and agreed to recognise pilots’ unions for the first time in its history, after it was threatened with a potentially-crippling strike just days before Christmas. The low-cost carrier sent the offer to representative bodies in the UK, Ireland, Germany, Spain, Italy and Portugal ...

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UK retail sales win Black Friday boost

SHOPPING-UK

LONDON: British retail sales surged in November from the previous month, official data showed Thursday, boosted by Black Friday price reductions in the run-up to Christmas. Sales rose 1.1 percent compared to October, the Office for National Statistics calculated, beating analysts’ consensus forecast for a 0.4 percent increase. The data ...

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Starbucks customer laptops hacked to mine cryptocurrency

Starbucks_Holiday_Cup_2017

LONDON: Coffee chain Starbucks says it has taken action to stop customer laptops being used to generate the cryptocurrency Monero. On December 2, a Twitter user called Noah Dinkin posted a screenshot that showed that the public Wi-Fi available in a Starbucks store in Buenos Aires, Argentina, had been hacked ...

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Bank of England keeps interest rates on hold

Bank of England

LONDON: The Bank of England has kept its main interest rate unchanged at 0.50 percent, a month after increasing borrowing costs for the first time in a decade to contain a rise inflation stoked by last year’s Brexit vote. Thursday’s decision was unanimous in the bank’s nine-strong policy committee. It ...

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Japanese airport to be filled with robots for 2020 Olympics

Japanese robot

TOKYO: Those planning on attending the 2020 Tokyo Olympics can look forward to receiving luggage and language assistance from robots “scattered” around Haneda Airport. According to Yutaka Kuratomi, a representative from the Japan Airport Terminal, seven new robots have been designed to perform useful tasks at the airport. One of the robots is a fluffy ...

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York is the Third UK City to Refuse Uber Licence

UBER

LONDON and Sheffield have both been in the news because regulators have ended up denying Uber the chance o renew its operating licence for a variety of reasons. London did it over concerns about the way the ride-hailing service operated, and Sheffield thanks to what’s being described as an “administration ...

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European shopping centre giant snaps up Westfield

Westfield 1

Shopping centre giant Westfield is to be sold to a European rival, just days after two other major industry players struck a takeover deal. Unibail-Rodamco, a French property investor which owns Paris’s iconic underground shopping mall Carrousel du Louvre, has entered into an agreement to buy Westfield for $24.7bn (£18.5bn). ...

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Apple buys London-based music-recognition app Shazam for $400M

Shazam -

LONDON: After we broke the story last week that Apple was acquiring London-based music and image recognition service Shazam, Apple confirmed the news today. It is purchasing the startup – one of earliest players in the world of mobile music – as part of its bigger ambitions in the music ...

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