Saturday, 20 April 2019

Business

Ford announces £2,000 scrappage scheme for pre-2010 cars

LONDON: Car giant Ford is launching a scrappage scheme offering drivers up to £7,000 off a new motor… if they trade in their old car. Petrol and diesel models that took to the road before December 31, 2009, can be handed into Ford in exchange for a discount on a ...

Read More »

Elon Musk among tech founders to call for UN to ban ‘killer robots’

Killer robots, once just characters in dystopian science fiction novels and films, could soon become the next form of revolutionary warfare after nuclear bombs, according to industry experts. In an open letter to the United Nations (UN) Convention on Certain Conventional Weapons (CCW), 116 signatories — including Tesla’s Elon Musk ...

Read More »

Majority of big British firms not prepared for cyber attack

LONDON: More than two-thirds of 
Britain’s biggest businesses have admitted staff lack training to deal with the growing threat of cyber attacks, research has shown. Top companies and charities have been told to do more to protect themselves from online threats after a UK government survey of leading firms found ...

Read More »

Housing market in central England defies national average

LONDON: Swathes of central England are seeing a “mini-boom” in house price growth, which is rising at more than double the national average rate, according to an index. Northamptonshire, Derbyshire and Norfolk were identified by property website Rightmove as the “hottest markets”, with asking prices in these counties surging annually ...

Read More »

Tesla’s priced-for-perfection bonds fall within week of sale

NEW YORK: Tesla Inc bonds slid a week after they were sold, as excitement over Elon Musk’s ambitious roll-out of the Model 3 was tempered amid geopolitical tensions and second thoughts among investors about how little they’re getting paid. The company’s $1.8 billion (Dh6.61 billion) of 5.3 per cent notes ...

Read More »

BlackBerry turnaround hopes fade

LONDON: BlackBerry shares have been plunging from ther two-year high hit in June after lackluster earnings and competitive threats have raised doubts about prospects for a turnaround at the business software maker. At Friday’s price of about $8.70, BlackBerry’s US-traded shares have lost a quarter of their value since reaching ...

Read More »

China’s solar panels shine spotlight on North Korea trade

LONDON: Traders from North Korea visit Yuan Huan’s shop in the Chinese border city of Dandong several times a month to place orders, bringing their own translators and wads of cash. Yuan, manager of Sangle Solar Power, said sales to North Koreans have soared in the past two years, one ...

Read More »

Mumbai jail safe for Vijay Mallya, UK court told

LONDON: The Centre has submitted a report to a London court about the living and security conditions at the city’s Arthur Road jail where it is planning to lodge fugitive liquor baron, Vijay Mallya (61), once he is extradited to India. Mallya is accused in a money-laundering case. When brought ...

Read More »

Bitcoin cash price jumps above $1,000 in stunning rise

LONDON: Bitcoin cash, the newly created cryptocurrency, just smashed a fresh record high. The cryptocurrency, which was formed when bitcoin’s blockchain forked earlier this month, rocketed past $700 yesterday, and today it breifly peaked above $1,000. At the time of writing, bitcoin cash was trading at $972.55, more than 90 ...

Read More »

McDonald’s workers in the UK set to strike

LONDON: Employees at two restaurants, Cambridge and Crayford, voted to take industrial action over concerns about working conditions and the use of zero-hour contracts. They also wanted a wage increase to at least £10 an hour and were keen to be allowed to form a trade union as employees of ...

Read More »