Thursday, 21 November 2019

Business

Qualcomm lawsuit aims to ban iPhone sales in China

BEIJING: In an effort to continue to charge Apple for the use of its patents in mainland China, Qualcomm has filed lawsuits against the company with the end goal of stopping the production and sale of iPhones in China. The suits were filed by the mobile chip manufacturer in an ...

Read More »

Marks and Spencer is selling half calories wine

LONDON: If you love wine but you are also watching your weight, high street giants Marks and Spencer has launched a bottle of wine that has 50% less calories. Weight-watching wine-lovers will be able to enjoy guilt-free glasses of Sumika Sauvignon Blanc, Shiraz and Rosé. The £7.50 vino contains only ...

Read More »

UK Economy Shows Few Signs of Comeback

LONDON: Britain’s economy shows little sign of breaking out of its lethargy and it is “extraordinary” that the Bank of England is considering raising interest rates, the British Chambers of Commerce said. The BCC’s Quarterly Economic Survey of businesses, the largest of its kind, said sales at services firms that ...

Read More »

The pound is bouncing back

LONDON: Having taken a dive after Brexit negotiators admitted to being in deadlock yesterday, the pound bounced back against both the dollar and the euro this morning – although that drove the FTSE 100 off recent highs. The pound was up 0.4 per cent against both the dollar and the ...

Read More »

GKN issues profit warning over mystery charges

LONDON: One of the UK’s biggest engineering firms, GKN, has warned that full-year profits will only be slightly above the level reached last year. GKN blamed “operational challenges” in its North American aerospace business and a £40m charge resulting from “two significant external claims”. It said the claims were “commercially ...

Read More »

Samsung boss in surprise resignation

SUWON: The chairman of Samsung Electronics’ board of directors and one of the company’s three chief executive officers says he will resign next year. Kwon Oh-hyun said in a statement on Friday that he will resign as the head of the company’s semiconductor and component business and will not seek ...

Read More »

This Drone Could Save Lives by Detecting Heartbeat, Breathing Rate

LONDON: Researchers at the University of South Australia have developed a drone that remotely measures your heartbeat and breathing rate. Naturally, this would be a huge boon to the medical field, as the unmanned aerial vehicles could be stationed in hospitals, clinics, and even on the battlefield. Drones are increasingly ...

Read More »

Brexit: EU ‘to prepare’ for future trade talks with UK

LONDON: The EU is to begin preparing for its post-Brexit trade negotiations with the UK, while refusing to discuss the matter with the British government. An internal draft document seen by the BBC suggests the 27 European Union countries should discuss trade among themselves while officials in Brussels prepare the ...

Read More »

HSBC names John Flint as new chief executive

LONDON: Banking giant HSBC has named John Flint, current head of retail banking and wealth management, as its new boss. Mr Flint, who takes over from outgoing chief executive Stuart Gulliver, will start his new role next February. The move sees Europe’s biggest bank once again promote a company insider ...

Read More »

Call to end Scotch supertax as whisky sales tumble

SCOTCH whisky sales have fallen by one million bottles in the UK in the wake of the spirits tax. Official HM Revenue & Customs figures show 36.7 million bottles were sold in the world’s fourth biggest market for Scotch in the first six months of 2017 – down from 37.7 ...

Read More »