Sunday, 21 July 2019

Business

Britain facing social care crisis, charities warn

LONDON: Britain is facing a social care crisis with many people unaware and unprepared for the potential care costs that come with older age. UK adults underestimated the average weekly cost for elderly residential care by over £300 when asked by think tank the Centre for the Modern Family. While ...

Read More »

Pound Euro Exchange Rate Recovers from 8-Year-Low

LONDON: The Pound Euro exchange rate slipped yesterday as investors reacted to the latest Brexit uncertainties and tensions while the Euro benefitted from European Central Bank (ECB) speculation. However, the pair rebounded from its lows as markets anticipated upcoming data. GBP EUR dropped from 1.0944 to 1.0803 last week. Tuesday saw ...

Read More »

Burger King has launched its own version of bitcoin in Russia

MOSCOW: Fast food chain Burger King has issued its own cryptocurrency or virtual currency in Russia called “whoppercoin,” according to an online press release by whoppercoin’s blockchain platform, Waves. Cryptocurrency, in a nutshell, is any digital currency backed by a digital ledger of transactions monitored and verified by a global ...

Read More »

UK house price growth slows

LONDON: House price growth slowed to 2.1% in August, from 2.9% in July, amid fears Brexit-fuelled inflation is placing pressure on household spending, says the Nationwide. Property values fell for the first time since May, down 0.1% month-on-month to an average of £210,495. The number of mortgages approved for house ...

Read More »

Optimism wanes at UK services companies, labor shortages feared

LONDON: Optimism across Britain’s services sector fell during the three months to August, and companies felt the pinch from rising costs even though new business largely held up, an industry survey showed on Tuesday. The Confederation of British Industry’s quarterly report on the services sector, which produces the vast bulk ...

Read More »

Scots trains run slower on average than London based services

TRAINS connecting Scotland’s main cities are running at dramatically slower average speeds than those in the South East of England, new research has shown. Services from London travel on average between 65 to 93mph, but one Scottish route – between Edinburgh and Perth – trains managed to hit just 25mph ...

Read More »

European shares hit two-week low as euro surges

MILAN: European shares fell on Monday in a broad sell-off as the euro strengthened after ECB chief Mario Draghi did not express concern about a strong currency in a closely watched speech. While London was closed for a holiday, reducing activity, the broad STOXX index for euro zone stocks fell ...

Read More »

France, Germany to propose new tax on internet giants

PARIS: France and Germany plan to issue a new proposal to tax internet giants so that they pay a “fair contribution” in every country where they earn money, French finance minister Bruno Le Maire said Sunday. “We will unveil a new plan along with our German partners at the next ...

Read More »

Jeff Immelt says not pursuing Uber CEO job

LONDON: Uber Technologies Inc’s [UBER.UL] field of candidates for a new chief executive officer narrowed further on Sunday when Jeff Immelt, chairman of General Electric Co, said he was no longer in the running for the top leadership position. Uber’s board of directors has been searching for a new CEO ...

Read More »