Wednesday, 23 August 2017


Tesco shareholders compensation scheme opens

Trolleys at the Tesco Superstore in Kirkcaldy, which is to close it was announced today.

LONDON: Around 10,000 shareholders of FTSE 100 supermarket giant Tesco can begin claiming compensation from today (23 August). The compensation is for shareholders who suffered as a result of Tesco miss-stating it’s annual accounts in 2014. On 29 August 2014 Tesco issued a trading update regarding its likely profit for ...

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Identity fraud rate surges to ‘epidemic’ levels

LONDON: Nearly 500 identity frauds are reported every day after the scams surged to “epidemic” levels, new figures reveal. IDs were stolen in record numbers in the first half of this year, with four in five cases occurring in cyber space. Analysts say criminals are “relentlessly” targeting consumers and businesses ...

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Cars and keys stolen from car park near Manchester Airport

Manchester Airport

LONDON: Up to 130 sets of car keys have been stolen from a site used by a meet-and-greet company offering long-stay parking near Manchester Airport. Four cars were also taken from the Car Park Manchester site in Hale, the Manchester Evening News reported. Police said the full numbers involved were ...

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Ford announces £2,000 scrappage scheme for pre-2010 cars


LONDON: Car giant Ford is launching a scrappage scheme offering drivers up to £7,000 off a new motor… if they trade in their old car. Petrol and diesel models that took to the road before December 31, 2009, can be handed into Ford in exchange for a discount on a ...

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Elon Musk among tech founders to call for UN to ban ‘killer robots’


Killer robots, once just characters in dystopian science fiction novels and films, could soon become the next form of revolutionary warfare after nuclear bombs, according to industry experts. In an open letter to the United Nations (UN) Convention on Certain Conventional Weapons (CCW), 116 signatories — including Tesla’s Elon Musk ...

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Majority of big British firms not prepared for cyber attack


LONDON: More than two-thirds of 
Britain’s biggest businesses have admitted staff lack training to deal with the growing threat of cyber attacks, research has shown. Top companies and charities have been told to do more to protect themselves from online threats after a UK government survey of leading firms found ...

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Housing market in central England defies national average


LONDON: Swathes of central England are seeing a “mini-boom” in house price growth, which is rising at more than double the national average rate, according to an index. Northamptonshire, Derbyshire and Norfolk were identified by property website Rightmove as the “hottest markets”, with asking prices in these counties surging annually ...

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Tesla’s priced-for-perfection bonds fall within week of sale

Tesla Model 3

NEW YORK: Tesla Inc bonds slid a week after they were sold, as excitement over Elon Musk’s ambitious roll-out of the Model 3 was tempered amid geopolitical tensions and second thoughts among investors about how little they’re getting paid. The company’s $1.8 billion (Dh6.61 billion) of 5.3 per cent notes ...

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BlackBerry turnaround hopes fade


LONDON: BlackBerry shares have been plunging from ther two-year high hit in June after lackluster earnings and competitive threats have raised doubts about prospects for a turnaround at the business software maker. At Friday’s price of about $8.70, BlackBerry’s US-traded shares have lost a quarter of their value since reaching ...

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China’s solar panels shine spotlight on North Korea trade


LONDON: Traders from North Korea visit Yuan Huan’s shop in the Chinese border city of Dandong several times a month to place orders, bringing their own translators and wads of cash. Yuan, manager of Sangle Solar Power, said sales to North Koreans have soared in the past two years, one ...

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