Wednesday, 18 September 2019

Business

UK house prices hit their highest on record

LONDON: The average UK house price hit £225,109 in September – its highest on record, according to a closely-watched survey. Halifax’s house price index showed prices grew at their fastest rate since February in the three months to September, rising 1.4 per cent on the previous three months. On an ...

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Toilet roll maker wiped off the market with temporary suspension

MANCHESTER: Toilet roll maker Accrol has suspended its shares on London’s junior market while the board considers the impact of a “challenging” trading period on the company’s net debt position. Tough conditions are having a significant effect on the trading performance of the company for the 2018 financial year, Accrol ...

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Thomas Cook pilots call off pay row strikes

LONDON: Pilots working for the travel group Thomas Cook have called off eight days of strikes that had been planned this month, the Balpa union has said. The strikes were cancelled after the two sides agreed to enter binding arbitration to resolve a pay dispute. It means that a strike ...

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RAF jets escort Ryanair flight to Stansted airport after security alert

BEDFORDSHIRE: A Ryanair passenger jet was escorted into Stansted airport by two RAF fighter jets after a suspected hoax security alert. Flights were temporarily grounded at the hub as the plane was redirected from its route between Kaunas in Lithuania and Luton airport in Bedfordshire. Essex police took over the ...

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Amazon Must Pay $295 Million in Back Taxes, EU Says

BRUSSELS: Amazon has to pay $295 million in back taxes to Luxembourg, the European Union ordered Wednesday, in its latest attempt to tighten the screws on multinationals it says are avoiding taxes through sweetheart deals with individual EU states. Margrethe Vestager, the EU official in charge of antitrust issues, also ...

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Vijay Mallya Arrested In UK In Money Laundering Case

LONDON: Liquor baron Vijay Mallya was arrested in London for the second time this year, in a case of money laundering. Mr Mallya is out on bail after his arrest in April following India’s extradition request. The 61-year-old tycoon, who has been staying in the UK for over a year ...

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Up to 1200 Prague taxi drivers protest against Uber

PRAGUE: Up to 1200 taxi drivers participated in a protest against their rival Uber ride-hailing service by blocking the main access roads to and from the international airport in Prague on Monday, David Bednar, from the Association of Czech Taxi Drivers, has told CTK. The taxi drivers, who launched their ...

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France is banning Photoshop images of models in adverts

PARIS: The fact that the photographs we see of models in magazines and on billboards are usually digitally-enhanced is a societal norm we have come to accept. However, in France, this will no longer be the case. In a bid to tackle misleading promotions, French advertisers will now be fined ...

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Dubai to officially launch its own cryptocurrency

DUBAI is developing a new sovereign cryptocurrency called emCash. Emcredit, a subsidiary of Dubai Economy, and UK-based Object Tech Group will work together to establish contactless payments. The partnership is part of the Dubai Economy Accelerators umbrella and will entail the development and implementation of emCash, an encrypted cryptocurrency, which ...

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