Wednesday, 21 February 2018

Business

European stock markets join global downtrend

European stock markets join global downtrend

LONDON: Europe’s major stock markets churned lower Wednesday as investors took their cue from broadly downbeat moves on Wall Street and in Asia. Virtual currency bitcoin meanwhile dived, with some traders eyeing sub-$10,000 after what one analyst called a “cryptocalypse” that saw digital units take a hammering. London stocks “opened ...

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Norwegian Investment Fund Drops Shipowners

Norwegian

OSLO: The Norwegian Central Bank (Norges Bank), which runs the world’s largest sovereign wealth fund, has announced it has dropped four shipowners: Evergreen Marine Corp (Taiwan) Ltd, Korea Line Corp, Precious Shipping PCL and Thoresen Thai Agencies, the parent company of Thoresen Shipping, according to NGO Shipbreaking Platform. It will ...

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Uber to Introduce Essential Rest Breaks for the UK Drivers

Uber Drivers Present Petition To Transport For London

LONDON: A new Uber policy would make it a must for all the drivers in the United Kingdom to take a minimum of a six-hour break after working for a continuous ten hours shift. The restriction on the amount of time a driver could spend working which means time spent ...

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China Escalates Crackdown on Cryptocurrency Trading

BITCOIN

LONDON: China is escalating its clampdown on cryptocurrency trading, targeting online platforms and mobile apps that offer exchange-like services, according to people familiar with the matter. While authorities banned cryptocurrency exchanges last year, they’ve recently noted an uptick in activity on alternative venues. The government plans to block domestic access ...

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EU adopts plastics strategy

plastics strategy

BRUSSELS: The first ever Europe-wide strategy on plastics has been adopted today (16 January) as part of what the EU describe as a “transition towards a more circular economy”. Under the new plans, all plastic packaging on the EU market will be recyclable by 2030, the consumption of single use ...

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British passenger arrested for wearing too many clothes

vikurfrettir

REYKJAVIK: A British man has been arrested at Keflavik airport in Iceland for wearing too many clothes. Ryan Hawaii reportedly wanted to avoid the excess luggage fee and therefore wore eight pairs of trousers and ten shirts. He claimed he was denied a boarding pass at the British Airways desk ...

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UK inflation may be starting to slow

Shopping

Shoppers carry bags as they walk down the Oxford Street in central London. Inflation in the UK may finally be starting its slowdown, bringing some small relief to consumers squeezed by faster-rising prices in 2017, according to Bloomberg. Consumer-price growth eased slightly to 3% in December, according to a Bloomberg ...

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Airbus will have to scrap A380 programme if no new orders

Airbus A380

LONDON: Airbus will have no other choice but to halt the A380 programe if Dubai’s Emirates airline does not place another order, the European aerospace giant’s sales director, John Leahy, told a news conference on Monday. Originally launched in 2007, the A380 is the world’s largest passenger airliner. Orders from ...

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83 countries affected by baby milk scare – Lactalis CEO

Lactalis gr

PARIS: A salmonella scandal at French dairy group Lactalis has affected 83 countries, where 12 million boxes of powdered baby milk are being recalled, the company’s CEO has said. Emmanuel Besnier, scion of the secretive family behind one of the world’s biggest dairy groups, was speaking publicly for the first ...

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