Tuesday, 19 September 2017

Business

Britain’s FTSE hits 3-month low as miners wobble

STOCK

LONDON: Britain’s top share index dropped to a three-month low on Friday amid rising geopolitical tensions, with financials, miners and energy firms the biggest weights among blue chips. The blue chip FTSE 100 index ended the session 1.1 percent lower at 7,309.96, its worst week since March. Drops among cyclical ...

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Elusive Brexit clarity meets sober economic reality

BREXIT

DUBLIN: Last time British Prime Minister Theresa May returned from a walking holiday, she called what turned out to be — for her — a disastrous election. Not this time, it is assumed. But financial markets and an eager public hoping she can provide some Brexit clarity will probably have ...

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Domino’s partners up with London franchise business

DOMINOS

LONDON: Domino’s Pizza made a bid to gobble up more of the London takeaways market, agreeing a £24 million deal to partner its biggest franchise business in the capital. The FTSE 250 firm agreed the price with the franchisee for a 75% stake in a newly formed company, which will own ...

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EU Commission Says Infected Eggs Spread To 17 Nations

eggs

LONDON: The European Commission says that at least fifteen EU countries, as well as Hong Kong and Switzerland, have received eggs contaminated with the insecticide fipronil. Its announcement comes ahead of a planned meeting with ministers and other officials next month to discuss the crisis. The European Commission, the European ...

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Police arrest in suspected City boiler room fraud

LONDON POLICE

LONDON Police has shut down a suspected boiler room scam, making one arrest. This is the second such incident this month, following three arrests made at the start of August to shut down an alleged boiler room scam that involved selling investments in wine. According to the police a man was arrested ...

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Google CEO cancels diversity town hall after staff questions leak

Sundar Pichai

LONDON: Google CEO Sundar Pichai has cancelled an internal town hall meant to address gender discrimination on Thursday after employee questions for management began to leak online from the company’s internal messaging service. Pichai said in an email to staff that several Google employees became fearful for their safety and ...

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Dutch police make arrests in contaminated eggs scandal

eggs scandal

DUTCH police arrested two suspects on Thursday (local time) as part of an investigation into the illegal use of a potentially harmful insecticide in the poultry industry, the Dutch prosecution service said. Millions of chicken eggs have been pulled from European supermarket shelves as a result of the scare over ...

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Fired Google engineer says company executives smeared him

Fired Google engineer

LONDON: The former Google engineer, whose controversial memo has triggered a wider debate on gender differences and diversity efforts in technology, defended his views in an interview on Wednesday, saying company executives are smearing him in its wake. James Damore, who until Monday worked as an engineer on video and ...

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Co-operative Bank losses narrow to £135m in six months

Co-operative Bank

LONDON: The Co-operative Bank has reported a narrowing of half-year losses in its first set of results since it secured a financial rescue package. Losses for the first six months of the year narrowed to £135.2m from £177m in the same period a year earlier. In June, the Co-operative Bank ...

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Facebook launches Watch tab of original video shows

FB

LONDON: Facebook has a new home for original video content produced exclusively for it by partners, who will earn 55 percent of ad break revenue while Facebook keeps 45 percent. The “Watch” tab and several dozen original shows will start rolling out to a small group of U.S. users tomorrow ...

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