Saturday, 24 August 2019

Business

Uber hacked trade secrets, bribed foreign officials, court letter says

WASHINGTON: A former Uber employee has alleged that a special division within the global ride-hailing app was responsible for acts of corporate espionage, the theft of trade secrets, the bribery of foreign officials and several means of unlawful surveillance. The allegations against Uber were part of a latter dubbed as ...

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Vietnam Coffee Trade Slows as Buyers Bet on Bigger Discounts

HANOI: Coffee trading is slowing in Vietnam, the top robusta producer, on expectations that a larger harvest and changes to the London futures contract next year will give buyers bigger discounts. Roasters and traders are delaying purchases on bets that a bigger crop currently being gathered will push prices lower, ...

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Ryanair Recognizes Unions To Stop Strikes

LONDON: Ryanair has made a dramatic U-turn and agreed to recognise pilots’ unions for the first time in its history, after it was threatened with a potentially-crippling strike just days before Christmas. The low-cost carrier sent the offer to representative bodies in the UK, Ireland, Germany, Spain, Italy and Portugal ...

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UK retail sales win Black Friday boost

SHOPPING-UK

LONDON: British retail sales surged in November from the previous month, official data showed Thursday, boosted by Black Friday price reductions in the run-up to Christmas. Sales rose 1.1 percent compared to October, the Office for National Statistics calculated, beating analysts’ consensus forecast for a 0.4 percent increase. The data ...

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Starbucks customer laptops hacked to mine cryptocurrency

LONDON: Coffee chain Starbucks says it has taken action to stop customer laptops being used to generate the cryptocurrency Monero. On December 2, a Twitter user called Noah Dinkin posted a screenshot that showed that the public Wi-Fi available in a Starbucks store in Buenos Aires, Argentina, had been hacked ...

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Bank of England keeps interest rates on hold

LONDON: The Bank of England has kept its main interest rate unchanged at 0.50 percent, a month after increasing borrowing costs for the first time in a decade to contain a rise inflation stoked by last year’s Brexit vote. Thursday’s decision was unanimous in the bank’s nine-strong policy committee. It ...

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Japanese airport to be filled with robots for 2020 Olympics

TOKYO: Those planning on attending the 2020 Tokyo Olympics can look forward to receiving luggage and language assistance from robots “scattered” around Haneda Airport. According to Yutaka Kuratomi, a representative from the Japan Airport Terminal, seven new robots have been designed to perform useful tasks at the airport. One of the robots is a fluffy ...

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York is the Third UK City to Refuse Uber Licence

LONDON and Sheffield have both been in the news because regulators have ended up denying Uber the chance o renew its operating licence for a variety of reasons. London did it over concerns about the way the ride-hailing service operated, and Sheffield thanks to what’s being described as an “administration ...

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European shopping centre giant snaps up Westfield

Shopping centre giant Westfield is to be sold to a European rival, just days after two other major industry players struck a takeover deal. Unibail-Rodamco, a French property investor which owns Paris’s iconic underground shopping mall Carrousel du Louvre, has entered into an agreement to buy Westfield for $24.7bn (£18.5bn). ...

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