Wednesday, 18 September 2019

Business

Portugal tourism growth slowed sharply as fewer Brits visit

LISBON : The number of foreign tourists who travelled to Portugal rose 7.5% to 22.8 million visitors in 2018, a sharp slowdown from a nearly 17 percent jump the previous year due to a decline in visitors from Britain, its biggest market. Portugal’s tourist numbers have risen uninterruptedly for eight ...

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Senior profit hit by 737 MAX groundings

LONDON: British engineering firm Senior posted a 16% drop in first-half profit on Monday, as margins in its aerospace unit were hit by Boeing’s production cuts of its best-selling 737 MAX planes following the global grounding of the jet. Senior, which makes a wide variety of components used in commercial ...

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Facebook is changing the name of WhatsApp, Instagram

LONDON: Facebook confirmed that it’s changing the name of its two most popular apps, Instagram and WhatsApp, to better disclose its ownership of the apps. Soon, Instagram will be known as “Instagram from Facebook” while WhatsApp will become “WhatsApp from Facebook.” The re-branding effort was discovered on Friday by journalists ...

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Woman fires a gun in McDonald’s after receiving cold fries

GARDEN CITY: A 27-year-old woman is facing multiple charges after she fired a gun in a McDonald’s restaurant in Georgia, USA, because her fries were cold. According to reports, the woman received her order and left the restaurant. She returned shortly after and said that her fries are cold. As ...

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RBS unveils 1.7 billion pound dividend

LONDON: Royal Bank of Scotland on Friday announced a 1.7 billion pound ($2.06 billion) dividend, but warned a tough economic environment will curtail its profitability over the next 18 months. The state-backed lender posted stronger-than-expected half-year pretax profits of 2.7 billion pounds, above forecasts of 2.3 billion pounds according to ...

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Researchers send bacteria for mining rocks in space

LONDON: Other than sending animals and robots up to International Space Station, researchers have also sent bacteria aimed to mine space rocks for future missions. Scientists have recently sent 18 various strains of bacteria to the ISS in order to determine if the mineral-leaching microbes could benefit astronauts mine space ...

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Barclays takes out insurance policy to meet target

LONDON: Lower revenue and higher costs led to a 15% first-half drop in underlying pre-tax profit. The bank’s UK division faces tough times and will be less likely to offset dour performances in trading. CEO Jes Staley is pledging more cost cuts to hit a 9% annual return target. CONTEXT ...

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Lloyds Bank profits fall after fresh $669 mn PPI charge

LONDON: Britain’s biggest mortgage lender Lloyds Banking Group posted weaker-than-expected pretax profits, as a further 550 million pound ($668.9 million) provision to meet claims for mis-sold insurance to consumers weighed on earnings. The bank posted pretax profits of 2.9 billion pounds for the first half of the year, below forecasts ...

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