Sunday, 7 June 2020

Business

China, India battle for Bangladesh bourse

DHAKA: China and India have launched rival bids for a large stake in Bangladesh’s stock exchange, officials said Thursday, as the Asian powers jostle for strategic influence in the region. Dhaka Stock Exchange (DSE) chief executive Majedur Rahman confirmed India ‘s National Stock Exchange had offered 15 taka ($0.18) per share ...

Read More »

British firms plan biggest pay rises since 2008

LONDON: British workers are in line for their biggest pay rises since 2008 this year as a higher minimum wage kicks in, according to a Bank of England survey that is likely to fuel concerns among its policymakers’ over inflationary pressures. Last week the central bank said interest rates would ...

Read More »

Brexit gives grounds for hope, says Boris Johnson

Boris Johnson

LONDON: Foreign minister Boris Johnson will appeal on Wednesday to those who he says are seeking to reverse the result of Britain’s vote to leave the European Union, saying Brexit “is not grounds for fear but hope”. In the first of several speeches by government ministers that Prime Minister Theresa ...

Read More »

Bill Gates Says Apple Should Unlock iPhones at Government Request

WASHINGTON: Bill Gates thinks Silicon Valley isn’t worried enough about government regulation. In a new interview, he warned that big tech companies are being reckless in their support for end-to-end encryption, and he made some cryptic comments about Apple. The Bill and Melinda Gates Foundation released its annual letter, and ...

Read More »

Woman claims she was racially profiled at Applebee’s

MIAMI: Three Applebee’s employees have been fired after a black woman said she and her friend were racially profiled at an Independence, Missouri location. Applebee’s said it’s temporarily closed the location for the team to “regroup, reflect, learn and grow.” In a Facebook post, Alexis Brison said she and her ...

Read More »

Barclays Bank charged over Qatar financial loan

Britain’s Serious Fraud Office charged a unit of Barclays yesterday over alleged fraud linked to emergency fundraising from Qatar during the financial crisis a decade ago, the bank said. The announcement follows a decision by the SFO in June last year to charge Barclays PLC, or the unit’s parent group, ...

Read More »

Singapore-based BOC Aviation wins $90m claim against Vijay Mallya

LONDON: Embattled liquor tycoon Vijay Mallya has lost another legal battle linked to his now- defunct Kingfisher Airlines after the UK High Court awarded Singapore-based BOC Aviation an estimated USD 90 million in claims. The latest case involving the 62-year-old businessman, whose extradition case over alleged loan defaults amounting to ...

Read More »

Trump wants to privatise the International Space Station

WASHINGTON: The White House plans to stop funding for the station after 2024, ending direct federal support of the orbiting laboratory. But it does not intend to abandon the orbiting laboratory altogether, and is working on a transition plan that could turn the station over to the private sector, according ...

Read More »

Italian cryptocurrency exchange BitGrail loses $170 million

NEW YORK: One of the biggest problems with cryptocurrency exchanges is that they’re a juicy, enticing target for high-tech criminals. Case in point, Italian exchange BitGrail, which lost $170 million worth of Nano tokens, a little-known digital coin previously called RaiBlocks. BitGrail is the second exchange that lost of massive ...

Read More »

London City Airport closed after WWII bomb found

LONDON: Travel around one of London’s major airports has been plunged into chaos after the discovery of an unexploded World War II bomb. London City Airport has been closed after waterfront workers unearthed the device in the nearby river Thames. Royal Navy bomb disposal experts have set up a 214m ...

Read More »