Thursday, 19 September 2019

Business

Warning over fake new £5 notes

LONDON: An investigation has been launched by the Bank of England into fake new £5 notes. The central bank has admitted there have been cases of the design being passed off on paper and police have warned about fake notes being in circulation. The new polymer format, which was launched ...

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British Airways owner plans €500m share buyback

LONDON: International Airlines Group reported a 9 per cent rise in operating profit for 2016 and announced its first ever share buyback, worth €500m, as the company disclosed a €460m hit to earnings mainly stemming from sterling’s weakness after Brexit. IAG’s performance last year was partly fuelled by the acquisition of ...

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Forget India, profit from ‘quiet rise’ of Pakistan: Barron’s Asia

JAKARTA: Investors should forget India and instead profit from the ‘quiet rise’ of Pakistan along with Sri Lanka and Bangladesh, Barron’s Asia said. In an article, America’s financial magazine advised investors where profit is to be had through stock investments. It pitched Pakistan, Sri Lanka and Bangladesh as the places to ...

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£1 two-bedroom house for sale

LONDON: Imagine being able to buy a property for less than the price of an adult bus fare. Well now you can because this two-bedroom house been put on the market. And it only costs £1. The terraced property, in Sacriston, Durham, has an entrance hall, living room, kitchen and ...

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Royal Bank of Scotland reports £7 billion annual loss

LONDON: Royal Bank of Scotland (RBS) has reported a £7 billion annual loss, its ninth consecutive year in the red. The lender, which is 72% owned by the taxpayer, lost billions due to restructuring, conduct and litigation charges. Friday’s figures take into account £10 billion in legacy costs, including £5.9 ...

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Google accuses Uber of stealing self-driving car technology

SAN FRANCISCO: The race to develop self-driving vehicles took a new turn on Thursday when Google’s parent company Alphabet filed a lawsuit against Uber, accusing it of stealing technology. Alphabet contends that a manager at its autonomous car subsidiary Waymo took technical data with him when he left to launch a competing venture ...

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Barclays: Dublin might become European HQ

LONDON: Barclays has admitted it “may add some people in Dublin” if its London base loses single market access post-Brexit. The confirmation comes one month on from a Bloomberg that the bank had started scouting the Irish capital for office space in early 2017 and had been in discussion with regulators ...

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Can and bottle deposit return scheme backed by Coca-Cola

Drinks giant Coca-Cola has given its backing to a campaign to introduce a deposit return scheme for cans and bottles in Scotland. A spokesman for the soft drink firm said the “time is right” to try new measures “such as a well-designed deposit scheme for drinks containers, starting in Scotland ...

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UK keen to further trade ties with Pakistan

SIALKOT: Ms Belinda Lewis, British Deputy High Commissioner in Karachi, said that the UK will continue supporting Pakistani businessmen, assuring full cooperation and technical assistance for strengthening bilateral trade relations between the two countries. Ms Belinda Lewis was addressing a meeting of exporters here at Sialkot Chamber of Commerce and ...

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