Wednesday, 25 April 2018

Business

Bitcoin set for worst week since 2013

bitcoin

LONDON: Cryptocurrencies plunged on Friday, with several of the largest falling by more than 20 percent and bitcoin sliding below $8,000 and headed for its worst week since 2013, as worries about a regulatory clampdown globally sent investors scrambling to sell. The slump in prices this week means the total ...

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Ovo Energy to be probed by Ofgem

Ovo Energy

Energy regulator Ofgem has launched an investigation into Ovo Energy over the accuracy of data supplied to customers. The probe will examine whether Ovo breached its licence conditions related to giving customers consumption information that is accurate and not misleading, Ofgem said. It is centred on estimates the supplier gave ...

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Russia to start offering spacewalks for tourists

moon_vehicle

MOSCOW: Russia is planning to send paying tourists on the International Space Station out on spacewalks for the first time, an official from the country’s space industry said Thursday. “We are discussing the possibility of sending tourists on spacewalks,” Vladimir Solntsev, the head of Russian space company Energia, told Russian ...

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London Mayor Khan invest for homeless Londoners

Sadiq-Khan

LONDON: Mayor of London Sadiq Khan has announced that he will invest £15 million in a new scheme that aims to purchase up to 330 properties to be made available for Londoners who have been, or are at risk of becoming homeless. The plan is to buy properties that are ...

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KFC’s Macmillan advert most complained about ad of 2017

KFC's Macmillan advert

LONDON: The ASA said that it received a total of 29,997 complaints from the public about ads in 2017. The ASA said that, while complaints were received about ads across a range of media, TV ads garnered the most complaints. Of the ASA’s top 10 most complained about ads, the ...

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Lexus and Toyota issue airbag recall

Toyota-and-Lexus

NEW YORK: Toyota announced a massive worldwide recall of about 645,000 vehicles due to an electrical issue that could result in the air bag not deploying during a crash. Affected units are built between June and December 2015, and are equipped with an airbag system that uses multiple sensors to ...

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Facebook bans cryptocurrency adverts

Facebook

LONDON: Facebook has banned adverts for Bitcoin and other cryptocurrencies on its sites after recent criticism from users about scams and hoaxes being promoted in their newsfeed. The world’s biggest social network said such digital currencies are “frequently associated” with “deceptive promotional practices”. “Two of our core advertising principles outline ...

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Volkswagen Suspends Executive Over Diesel Tests on Monkeys

Volkswagen

FRANKFURT: Volkswagen suspended its chief lobbyist on Tuesday amid a growing furor over experiments on monkeys that were meant to promote the virtues of diesel-powered vehicles, but now threaten to further undermine the German car industry and to increase political instability in Berlin. Thomas Steg, the suspended Volkswagen executive, is ...

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UK Mortgage Approvals at 3-Year Low

U.K. Mortgage low

U.K. lenders approved the fewest mortgages in almost three years in December as a Bank of England interest-rate increase added to the headwinds facing the housing market. The number of approvals fell to 61,039, down from the 64,712 in November and the lowest since January 2015, the U.K. central bank said ...

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