Monday, 25 March 2019

Business

PM meets Bill Gates, Queen of Netherlands in Davos

Pakistan ready to do business with the world, PM DAVOS: Prime Minister Muhammad Nawaz Sharif has said that Pakistan is now on the track of sustainable growth and is “ready to do business with the world”. “Offering attractive investment policies, Pakistan is a destination that no global player can miss,” ...

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Theresa May: UK will be a global leader on trade

LONDON: Theresa May has told leaders at the World Economic Forum in Davos that the UK will be a “world leader” on trade. But the prime minister also warned that inequality blamed on globalisation was aiding the “politics of division”. Her speech to business leaders and politicians in Switzerland comes ...

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Samsung Woes Mount after Recalls, with Boss Facing Arrest

PARIS: A request by South Korean prosecutors to arrest Lee Jae-yong, the 48-year-old vice chairman and de facto leader of Samsung Electronics, has added to the troubles for the country’s most valuable company after a spate of recalls last year. Lee faces allegations he offered $36 million in bribes to ...

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EE mobile firm fined £2.7m for overcharging customers

LONDON: Mobile operator EE has been fined £2.7m by the telecoms regulator, Ofcom, for overcharging tens of thousands of customers. The watchdog found that the UK’s biggest mobile network broke a billing rule on two occasions. Users who called its 150 customer services number while roaming within the EU were ...

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Pakistan ahead of India in Inclusive Development Index: World Economic Forum

LONDON: Pakistan has been ranked 52nd, ahead of India (60th), among 79 developing economies in the Inclusive Development Index, according to a World Economic Forum (WEF) report. WEF’s ‘Inclusive Growth and Development Report 2017’, released in Davos, Switzerland on Monday, said that most countries were missing important opportunities to raise ...

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Rolls-Royce to pay £671m to settle bribery probes

LONDON: Rolls-Royce has reached a deal to pay £671m to regulators around the world to settle allegations of bribery and corruption, including the largest UK fine ever imposed on a company for criminal conduct. The UK’s flagship engineering company has been under investigation in the US and UK for alleged ...

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British foreign minister welcomes Trump trade deal offer

BRUSSELS: Foreign Secretary Boris Johnson said on Monday he was sure that Britain and the United States could conclude a free trade deal that was in their mutual interests after President-elect Donald Trump said he was keen for one. “It’s very good news that the United States of America wants ...

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Pound falls ahead of Theresa May Brexit speech

LONDON: The pound has hit its lowest level for more than three months on reports Britain was set to quit the EU single market as part of its Brexit plans. Sterling fell below the $1.20 level before recovering slightly on Monday. The pound also dropped to a two-month low against ...

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