Sunday, 20 October 2019

Business

Leadership the key to small to medium business sector

LONDON: Think innovation and leadership and it is hard to go past Elon Musk. The driver behind the Tesla electric vehicle has demonstrated that if you think big and do your research, nothing is impossible. “If you’re trying to create a company, it’s like baking a cake. You have to ...

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London buses to get a caffeine kick from today

LONDON: London’s caffeine habit could soon provide an eco-friendly energy kick to its buses, including its iconic red double decker. Some six thousand litres of oil extracted from ground coffee waste will be added to fuel tanks of the city’s transport authority on Monday — enough to power a bus ...

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British Airways passengers to board in order of their ticket price

LONDON: Passengers will soon be boarding British Airways planes according to how much they paid for their flights. From next month, those who pay the lowest fares will have to wait at the departure gate and board after everyone else. The carrier will introduce a “group boarding” system on all ...

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Spain court orders ex-IMF head Rato to be tried for fraud

MADRID: A Spanish court ordered former IMF head, Rodrigo Rato, to stand trial for fraud over the failed 2011 listing of Bankia, a bank he led which later needed rescuing the state. Rato, a former Spanish economy minister, is accused of falsifying information about Bankia’s finances to encourage investors to buy ...

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Two businesses boost jobs in Wrexham

LONDON: Dubai-based Hotpack Packaging is to create 250 jobs through the opening of its new European headquarters in the town within the next three to five years, while life sciences firm Ipsen is recruiting an additional 100 people this year by expanding its facility in an investment worth £22m. The ...

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Britain won’t be pressured by Barnier’s Brexit deadline: Davis

BERLIN: Britain will not be pressured into giving a public answer to EU demands for concessions on a divorce agreement by the end of next week, its chief Brexit negotiator David Davis said Thursday. Davis’s negotiating partner, the EU’s Michel Barnier, last Friday handed Britain a two-week ultimatum to improve ...

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Elon Musk unveils Tesla electric truck

LONDON: Tesla has unveiled its first electric articulated lorry, designed to challenge diesel trucks as king of the road. The long-anticipated Tesla Semi has a range of 500 miles on a single charge. Tesla says the vehicle – known in the US as a semi-trailer truck – will go into ...

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Vodafone upgrades its growth forecast

LONDON: Vodafone upgraded its financial forecasts after it reported better than expected performance in the first half of the year, assisted by a £100m compensation cheque from BT’s network business Openreach. The telecoms giant said it now expects organic earnings before interest, tax, depreciation and amortisation to increase by around 10pc ...

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Former City workers launch debit card for cryptocurrencies

LONDON: The London Block Exchange (LBX) has launched a debit card which will allow UK consumers to spend cryptocurrencies such as Bitcoin in their local supermarket. Canary Wharf-based London Block Exchange, a fintech start-up founded by a team of ex-City workers, has launched a debit card which will allow consumers ...

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Fitch downgrades Venezuela to ‘selective default’

WASHINGTON: Fitch downgraded cash-strapped Venezuela to “restricted default” on Tuesday over its failure to make overdue payments on its sovereign bonds. “Fitch Ratings has downgraded Venezuela’s Long-Term Foreign Currency Issuer Default Rating (IDR) to ‘RD’ (Restricted Default) from ‘C’ and affirmed the Long-Term Local Currency IDR at ‘CC’,” the ratings ...

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