Monday, 23 September 2019

Business

Opec agrees first output cut since 2008

VIENNA: The Opec oil cartel defied expectations on Wednesday and nailed down its first joint output cut since 2008 after tough talks in Vienna, sending oil prices soaring. At 1622 GMT Brent North Sea crude for January delivery was up $3.77 at $50.15, the first time it has risen above ...

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Sky seeks to shake up UK mobile market with flexible data plans

Sky (SKYB.L) said it would enter the UK mobile market with a SIM-only deal that allows data allowances to roll over each month, and offers free calls to the 11 million British households that take its TV services. It was “time to shake up” the mobile market, particularly in data, ...

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Samsung Electronics considers split as investor pressure builds

LONDON: Tech giant Samsung Electronics Co Ltd (005930.KS), under pressure from shareholders to improve investor returns, said on Tuesday it will consider creating a holding company in what would be the biggest shake-up in its 47-year history. The move and a plan to raise dividends come after U.S. hedge fund ...

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Ban on rupee bank notes worries British Indians

LONDON: British Indians are calling for an extension to a deadline which could see some of their cash become worthless by the end of December, as part of Prime Minister Narendra Modi’s shock decision earlier this month to abolish 500 ($7) and 1,000 ($14) rupee banknotes. The looming Dec. 30 ...

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Scottish councils facing £553 million financial black hole

SCOTLAND’S councils are facing a financial black hole of more than half a billion pounds in only two years’ time unless they make major cuts, according to an official analysis. The Accounts Commission forecasts the gap between the amount local government spends and its income could grow from £87 million ...

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Tata to sell Yorkshire steel plants in £100m deal safeguarding 1,700 jobs

YORKSHIRE: Tata has signed a letter of intent to start exclusive talks to sell its Yorkshire-based speciality steel business to Sanjeev Gupta’s Liberty group for £100m. The agreement will give certainty to workers at the plants in Rotherham, Stocksbridge and Brinsworth who produce steels used in the automotive, aerospace and oil and gas sectors. ...

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This London restaurant serves the most expensive kebab in the world

LONDON: You can dine at Turkish restaurant Hazev in London’s Canary Wharf to enjoy the world’s most expensive kebab for a whopping £925. The pricey kebab, made from Japanese Wagyu beef, fresh morel mushrooms and 25-year-old Italian vinegar is one of the most expensive dishes in London. In March this year, ...

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BMW to offer new version of i3 electric car in 2017

German luxury carmaker BMW plans to launch a new version of its i3 electric car next year with a longer range and revamped design, German weekly Welt am Sonntag reported, citing company sources. BMW will rework the front and rear of the i3 and equip the car with a new ...

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Barclays launches CONTACTLESS ATMs

LONDON: The ATMs have initially been piloted in the north of England before being rolled out to 600 machines across Britain by the end of January next year. Customers will be able to take out up to £100 at the in-branch cash machines, which is faster and more secure than ...

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