Friday, 23 June 2017

Business

Amazon to create more than 5,000 jobs in the UK

LONDON: Online retailer Amazon is set to create more than 5,000 jobs in Britain this year, the company said on Monday, boosting its investment in the country once more even as it prepares to leave the EU. Amazon, along with other tech giants such as Google and Apple, has increased ...

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HSBC shares slide after 62% profit fall

HSBC

LONDON: Shares in HSBC have fallen after the bank reported a steeper-than-expected fall in annual profits. It reported a $7.1bn (£5.7bn) pre-tax profit for 2016, down 62% on the $18.9bn reported a year earlier. HSBC attributed the fall to a string of one-off charges, including the sale of its operations ...

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Uber to investigate sexual harassment claim by female engineer

uber

NEW YORK: Uber’s chief executive ordered an investigation Monday into a sexual-harassment claim made by a female engineer who said her prospects at the company evaporated after she complained about advances from her boss. In a blog post about her year at Uber, Susan Fowler Rigetti said the company’s human ...

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Google and Bing agree crackdown on pirate websites

pirate

LONDON: Internet users will find it harder to search for illegally streamed live football matches and pirated music under a new crackdown on illegal websites. Search engine giants Google and Bing have signed up to a new voluntary code designed to stop people from visiting disreputable content providers. The code ...

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Uber CEO calls for investigation of sexual harassment claims

UBER CEO

NEW YORK: Uber CEO Travis Kalanick on Sunday said the company will open an “urgent investigation” after a former engineer wrote a lengthy blog post describing systemic sexual harassment at the San Francisco ride-hailing service, which she called “an organization in complete, unrelenting chaos.” In a posting heavily shared on Twitter, the ...

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UK govt proposes new plan to EU for bailed-out bank RBS

RBS

LONDON: The British government proposed plans for the bailed-out Royal Bank of Scotland to fund initiatives worth £750 million (S$1.3 billion) to improve competition in the sector, in order to meet its rescue conditions. The bank, 73 per cent owned by the government, has made four of the five major ...

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Sajid Javid hits back at business rates ‘scaremongering’

Sajid Javid - Communities Secretary

LONDON: “Unscrupulous” companies have been accused of trying to scare business owners into thinking their taxes will rise in order to make a profit. Communities Secretary Sajid Javid said “scaremongering” rating agents are manufacturing reports about business rates going up while “cynically” promising to help firms win an appeal against ...

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UK product house TESCO comes to Pakistan

TESCO PAKISTAN

KARACHI: The launch of Tesco Label products at Alpha Supermarkets in Pakistan was announced by the British High Commissioner Thomas Drew and Limestone Private Limited at the British Deputy High Commission in Karachi. According to a statement issued by British Deputy High Commission here on Wednesday, the Tesco PLC is ...

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Samsung boss arrested in South Korea’s explosive corruption scandal

SAMSUNG BOSS

KUALA LUMPUR: Samsung’s de facto head, Lee Jae-yong, was arrested in Seoul on Friday morning on charges of bribery over his alleged role in an explosive corruption scandal that has riveted South Korea. The 48-year-old heir apparent to the Samsung empire was taken into custody after the courts, which had ...

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