Saturday, 24 August 2019

Business

Qatar to buy 24 jet fighters from UK

DOHA: Qatar on Sunday signed an agreement to buy 24 Typhoon fighter jets from Britain, a second major defence deal signed by Doha during its lengthening diplomatic dispute with its neighbours. Qatari defence secretary Khalid bin Mohammed al-Attiyah and his British counterpart Michael Fallon signed a “statement of intent” for ...

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British trade minister to visit Pakistan next week

FAISALABAD: The British trade minister will visit Pakistan during next week to discuss bilateral trade and issues relating to the fresh UK investment in Pakistan, said British High Commissioner Thomas Drew. Addressing the business community in Faisalabad Chamber of Commerce & Industry (FCCI), Thomas said that Pakistan has enjoyed long ...

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Cisco to trial superfast train Wi-Fi

LONDON: Cisco has revealed plans to majorly boost Wi-Fi connectivity and download speeds across the UK’s rail network. The company has teamed up with a number of partners, including ScotRail, CGI, Network Rail Telecoms and Wittos to develop a new platform called Project SWIFT that it says can provide ‘superfast’ ...

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2018 Nissan Leaf EV takes you even further

LAS VEGAS-The timing couldn’t have been better for Nissan to unveil its 2018 Leaf electric car. First, you had the hurricane in Texas that shut down the Gulf of Mexico gasoline refineries, resulting in a spike in at-the-pump prices across the continent. In Southern Ontario, that meant 30 more cents ...

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London Mayor tight-lipped on pending Uber license decision

LONDON Mayor Sadiq Khan declined to comment on whether taxi app Uber [UBER.UL] will have its license renewed ahead of a decision due by the end of month, saying that giving a running commentary could prompt legal action afterwards. Uber, which has faced protests from drivers of London’s traditional black ...

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Jane Austen £10 banknote goes into circulation in Britain

The first ever British banknote to contain a portrait of a female – apart from the Queen – went into circulation on Thursday, the Bank of England announced. The new tamper-proof £10 note features the famous English novelist Jane Austen. Just over one billion polymer ten-pound notes have been printed ...

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Bank of England eyes rate rise as inflation surges

LONDON: A senior Bank of England official says it is “approaching the moment” when it may need to raise interest rates. Gertjan Vlieghe, who is on the Bank’s Monetary Policy Committee, says there are signs the UK economy is picking up and can handle a rate increase. It comes after ...

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Bidding war for bankrupt Air Berlin closes

BERLIN: Friday brings a moment of truth for bankrupt Air Berlin, as a raucous bidding war closes that could see Germany’s second-largest airline broken down for parts amid wildcat strikes by pilots. Some 8,500 employees, 140 aircraft and a string of precious landing slots at German airports are in the ...

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Booker sales rise ahead of merger

LONDON: The group, which has two Booker sites in Wolverhampton and one in Kingswinford, saw both catering and retail sides perform well. Non tobacco sales were up 5.8 per cent. Tobacco sales continued to be adversely impacted by changes in tobacco legislation and were down 9.4 per cent on a ...

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