Saturday, 6 June 2020

Business

Euro zone bond yields creep up in hefty week of new issuance

LONDON: Borrowing costs in the euro area nudged higher on Monday ahead of a heavy week of new bond supply across the bloc in the first full trading week of the year. Germany, Austria, the Netherlands and Italy are expected to sell almost 12 billion euros of bonds this week, ...

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50 million trees to be planted to create a Northern England

LIVERPOOL: The UK Government has announced plans to create a forest of 50 million trees across the countryside of the North of England. The Woodland Trust said it plans to plant the trees over 25 years, in an area stretching from Liverpool in the West to Hull in the East. ...

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London was top destination for tech funding in 2017

LONDON was the top city in Europe for technology investment last year, with more funding going into companies in the British capital than into firms based in Paris, Berlin and the next seven cities combined, data showed on Friday. Tech firms in London attracted 2.45 billion pounds ($3.3 billion) in ...

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Thousands of German industrial workers to stage strikes next week

BERLIN: Tens of thousands of workers in the German metals and engineering industries will stage walkouts at companies across the country from next week as part of a campaign for higher pay, powerful union IG Metall said. “We will build pressure with our first wave of warning strikes so the ...

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Samsung expected to have sold 10 million Note 8 devices

SOUL: Samsung is expected on Tuesday to forecast a record quarterly profit in the fourth quarter, as a world hungry for processing power and high-tech smartphones snaps up its semiconductors and screens. While a stronger won and falling NAND chip prices could take some shine off the performance, most analysts ...

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UK productivity hits six-year high

LONDON: According to figures published by the Office for National Statistics today, hourly labour productivity in the UK has risen by 0.9 per cent in the three months to September 2017. However, financial services have shown a negative contribution, falling 0.5 per cent. The figures also showed that growth in ...

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Scots stockpiling soft drink Irn-Bru ahead of recipe change

EDINBURGH: Scots are stockpiling their national soft drink Irn Bru ahead of the introduction of a new low-sugar recipe later this month.Ryan Allen, from Ayr on Scotland’s west coast, has launched a “Hands Off Our Irn Bru” campaign to try to stop the new recipe being rolled out in late ...

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British house price growth slows in late 2017

LONDON: British house prices grew last year at their slowest pace since 2012 and in London they fell for the first time in a full year since 2009, mortgage lender Nationwide said on Thursday. Nationwide said it expected growth in British house prices to slow further to just 1 per ...

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Taxi driver wins £25m Lottery jackpot

A taxi driver is celebrating after winning nearly £25 million on Lotto after matching just five numbers and the bonus ball. Amo Riselli, 50, from Gloucester, scooped £24,501,283 in the must-be-won Lotto draw last Wednesday, which meant the jackpot rolled down to those who had matched five numbers and the bonus ball. ...

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Pakistan allows yuan-based trade with China

KARACHI: Pakistan’s central bank has allowed the Chinese yuan to be used for bilateral trade and investment activities, a move which could replace the US dollar for transactions in the strategic CPEC projects. The State Bank of Pakistan (SBP) said on Monday that all arrangements for using the Chinese currency ...

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