Monday, 23 September 2019

Business

UK power capacity auction for 2020-21 clears at 22.50 pounds per kW/year

LONDON: Some power plants in Britain could be at risk of closure after missing out on agreements to provide capacity for 2020/21 in an auction that cleared at a lower-than-forecast 22.50 pounds ($28.35) per kilowatt (kW)/year. Britain began capacity auctions in 2014, looking to head off future power shortages as coal plants ...

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Sumitomo to buy banana company Fyffes

LONDON: Irish fruit distributor Fyffes has agreed to be bought by Japan’s Sumitomo in a €751m ($798m; £634m) deal. Fyffes produces, ships, ripens and distributes bananas, melons, pineapples and mushrooms. The firm, which has its headquarters in Dublin, employs more than 17,000 people worldwide and has an annual turnover of ...

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Stocks, euro push higher as ECB stimulus plan looms

LONDON: World shares climbed to a near three-month high on Thursday as encouraging China data and a record high Wall Street kept traders upbeat ahead of an expected extension of the European Central Bank’s already generous stimulus programme. Asia had shares hustled to one-month highs after Wall Street strode to ...

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Apple admits it is working on self-driving cars

LONDON Apple’s plan to build driverless cars has been the subject of rumours for the last two years – now the company has finally admitted it. A letter to the highway regulator in the United States reveals the iPhone maker has got a secret project underway involving transportation. “The company ...

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Uber tracking location even rides finished

PARIS: Uber has begun collecting passengers’ location data even after journeys have finished, a move that has raised eyebrows among privacy-conscious users. An update to the app allows Uber to follow users’ GPS signal while it is running in the background. Previously, it would only do so when Uber was ...

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UKIP leader says NHS is safe for now

Paul Nuttall has claimed privatisation of the NHS could have to be debated this century – although not while he is Ukip leader. The MEP, who has previously suggested more privatisation for the health service, said his party will be “committed to keeping the NHS in public hands and free ...

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MP asks spending watchdog to investigate Nissan Brexit deal

Whitehall’s spending watchdog could investigate the deal to keep Nissan making cars in north-east England, following a demand from the chair of an influential parliamentary committee. Andrew Tyrie, chair of the Treasury select committee, has written to the National Audit Office (NAO) asking for an inquiry into any assurances offered ...

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