Saturday, 27 February 2021

Business

Singapore becomes world’s first to approve sale of lab-grown meat

SINGAPORE: Singapore has given US start-up Eat Just the green light to sell its lab-grown chicken meat, in what the firm says is the world’s first regulatory approval for so-called clean meat that does not come from slaughtered animals. Demand for alternatives to regular meat is surging due to consumer ...

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Tesco to repay £585 mil in virus business rates relief

LONDON: Tesco, Britain’s biggest retailer, said it will repay £585 million of Covid-19 pandemic business rates relief it received from the government as some of the risks of the crisis were behind it. Britain’s supermarket groups have performed well during the pandemic but have been criticised by lawmakers and media ...

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Australia exits first recession in almost 30 years

SYDNEY: Australia has exited its first recession in almost 30 years, after official figures on Wednesday showed the economy grew 3.3 percent in July-September compared with the coronavirus-hit previous quarter. With local transmission of Covid-19 largely under control, official data showed businesses have begun to rebound and consumer spending has ...

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Bitcoin price drops more than $1,000 in Asian trade

HONG KONG/ TOKYO: Bitcoin hiccoughed in Asian trading on Thursday to at one point stand more than 6% down on the day after failing to make record highs. Bitcoin, the world’s biggest and best-known crypto-currency, was last trading around $17,700, having lost more than $1,000 since its previous close. “With ...

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Britain offers support to mitigate socio-economic impact of COVID-19

ISLAMABAD: The British High Commissioner, Christian Turner, offered to provide all possible help from the British government for the people of Pakistan in mitigating the socio-economic impact of COVID-19 pandemic. The ambassador extended this offer during a call on meeting with Adviser to Prime Minister on Finance and Revenue. Dr. ...

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Airline body IATA develops mobile apps for COVID-era travel

PARIS: Global aviation body IATA is developing a set of mobile apps to help passengers to navigate COVID-19 travel restrictions and securely share test and vaccine certificates with airlines and governments, it said on Monday. The International Air Transport Association (IATA), which represents many of the world’s major airlines, plans ...

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UK telecom companies face big fines under new security law

LONDON: Telecom companies in Britain face hefty fines if they don’t comply with strict new security rules under a new law proposed in Parliament on Tuesday that is aimed at blocking high-risk equipment suppliers like China’s Huawei. The Telecommunications (Security) Bill tightens security requirements for new high speed 5G wireless ...

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Sterling pushed up by weaker US dollar, hopes of Brexit deal

LONDON: Sterling traded at a one-week high on Wednesday, helped by a weaker US dollar and by hopes that Britain will forge a post-Brexit trade deal with the European Union in time for its departure from the customs union and single market in January. Those hopes have been fed by ...

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Frankfurt cancels Christmas market over virus spike

BERLIN: The German city of Frankfurt has become the latest to cancel its traditional Christmas market as the nation struggles to halt an alarming rise in coronavirus infections. “Frankfurt is pulling the corona emergency brake,” the bestselling Bild daily wrote after city officials made the decision in emergency talks. The ...

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Amazon refuses to appear before Indian parliamentary panel on data privacy

NEW DELHI: Representatives of Amazon.com Inc in India have refused to appear before a parliamentary panel reviewing the country’s privacy bill, an Indian lawmaker said, an allegation the U.S. commerce giant said was a result of a misunderstanding. Meenakshi Lekhi, head of a parliamentary panel which is reviewing the Indian ...

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