Tuesday, 21 May 2019
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Business

Motor insurance premiums hit record high, as cars go hi tech

LONDON: Car insurance premiums in the UK have hit a record high, partly because cars’ increasingly complex electronics have made repairs more expensive. The average annual comprehensive policy cost £462 in the last three months of 2016, according to the Association of British Insurers (ABI). Previously the highest figure was ...

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Scottish ferry services ‘could be nationalised’

GLASGOW: Ferry services in Scotland should be brought under government control if EU rules allow it, the transport minister has said. Humza Yousaf said the Scottish government would prefer to use an “in-house operator” if it is permitted following a European Commission review. The tendering process for Northern Isles and ...

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Facebook CEO Mark Zuckerberg criticizes Trump’s immigration plan

NEW YORK: Facebook CEO Mark Zuckerberg isn’t a fan of Donald Trump’s recent Executive Orders regarding immigration. In a lengthy note on the matter posted on his personal profile page, Zuckerberg expressed concern over the long-term ramifications that Trump’s new Executive Orders will have on the United States. Noting that ...

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Facebook loses $500m Oculus virtual reality case

NEW YORK: A US court has ordered Facebook and other defendants to pay $500m (£395m) after finding they unlawfully used a firm’s virtual reality technology. The jury found Oculus, which Facebook bought in 2014, used computer code belonging to video game developer Zenimax to launch its own VR headset. Oculus ...

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TalkTalk CEO Harding steps aside for public service role

LONDON: TalkTalk CEO Dido Harding has stepped down, leaving the ISP in rude health. Dido Harding, CEO of internet service provider (ISP) TalkTalk has announced she is to leave the business in May 2017. A seven-year veteran in the job, Harding will be replaced with consumer managing director Tristia Harrison. ...

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Millions of XBox and PSP gamers details stolen by hackers

More than 2.5 million Xbox and PSP gamers have had their details stolen in a massive cyber breach of two games forums, it has been claimed. The XBOX360 ISO and PlayStation’s PSP ISO forum, both unofficial sites where players share links to download free and pirated versions of games, were reportedly ...

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Households face 2% rise in water bills

LONDON: Water UK, which represents water companies, said the average 2% increase is in line with five-year plans confirmed by regulator Ofwat in 2014, and will contribute to a £44 billion investment in services and environmental improvements. It comes as companies roll out compulsory water meters for households in areas ...

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UK manufacturing accelerates

LONDON: Output for the UK’s manufacturing sector grew at its fastest rate for 2½ years in January while input prices rose by the most on record, according to the latest survey of purchasing managers working in the industry. The main source of new orders was the domestic market, although there ...

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UK consumer confidence rises in January 2017

LONDON: Consumer confidence in the UK saw a slight uptick in this month, according to an index compiled on behalf of the European Commission. The Consumer Confidence Barometer, conducted by market research company GfK, showed that confidence rose 2 points in January to reach a score of -5. But the ...

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