Wednesday, 22 November 2017

Business

Toyota plans to build new Auris in UK

Toyota Auris

LONDON: Toyota intends to build the next version of its Auris car at its UK car plant on the assumption that the government secures a transitional Brexit deal, two sources familiar with the matter told Reuters. The final decision is due to be made by the end of the year, ...

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Richard Thaler Wins Nobel for Work in Behavioral Economics

Richard Thaler

STOCKHOLM: The Nobel prize in economics has been awarded to Richard Thaler of the University of Chicago for research showing how people’s choices on economic matters – whether on savings or game shows like “Deal or No Deal” – are not always rational. The 9-million-kronor ($1.1-million) prize was awarded to ...

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Ryanair’s operations chief to step down after cancellation meltdown

Ryanair

LONDON: The chief operations officer of Ryanair has announced plans to leave his post at the end of October amid a cancellation spree affecting thousands of the company’s flights. Company officials said Saturday that Michael Hickey will still have an “advisory role” after he steps down following decades with the ...

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McDonald’s is testing a vegan burger

McDonald-vegan-burger

FINLAND: McDonald’s has just announced a new addition to its burger lineup: The McVegan. But before vegans in the United States get too excited, they should know that they’ll have to fly overseas to give it a taste. 100% vegaaninen McVegan vain 3 €, saatavana Tampereen McDonald’s-ravintoloista huomenna 4.10. klo ...

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RBS Head Says Banks Need Brexit Transition Details by Early 2018

Howard Davies

MANCHESTER: Royal Bank of Scotland Group Plc Chairman Howard Davies said details of a post-Brexit transitional deal with the European Union need to be outlined in the next five months to stop more financial-services jobs from leaving London. “If there are no details by the first quarter of next year, ...

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Old £1 coins will be worthless in a week

Old £1 coins pound

LONDON: Old £1 coins will no longer be accepted to make purchases after 15 October. The new-look 12-sided quid will be the only valid £1 coin from next Sunday so any old £1 coins lying around in sofas or piggy banks around the UK need to be spent before then. ...

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Netflix is raising prices again

Netflix

NEW YORK: Netflix said that it’s raising the prices of its US-based streaming plans – a move that could disappoint some fans even as it helps support the costly original programming that’s made the service so popular in recent years. The cost of the streaming video giant’s basic plan, at $8 a month, ...

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Standard Chartered under probe

Standard Chartered

LONDON: Financial watchdogs in Europe and Asia are investigating Standard Chartered Plc over the transfer of US$1.4 billion (S$1.91 billion) of private bank client assets from Guernsey to Singapore ahead of new tax transparency rules, according to a source familiar with the matter. The Monetary Authority of Singapore (MAS) and ...

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Food safety probe extends to Scunthorpe chicken factory

2-SISTERS

BRADFORD: The Food Standards Agency (FSA) has extended its investigation into alleged safety failures by the 2 Sisters poultry group to the company’s Scunthorpe factory on the Foxhills Industrial Estate. The move follows an initial inspection by the FSA into the hygiene and labelling concerns raised by an undercover investigation ...

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Map reveals dire extent of London’s toxic air

SADIQ-KHAN-AIR-LONDON

LONDON: Air quality is dangerously poor in every London borough, with all 8.6 million people living in the capital exposed to toxic levels of pollution, a new map shows today. More than nine in ten Londoners live in areas where superfine PM2.5 particles exceed World Health Organization guidelines by more ...

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