Wednesday, 18 October 2017

Business

Samsung boss in surprise resignation

(FILES) This file photo taken on June 21, 2016 shows Kwon Oh-Hyun, Vice Chairman and CEO of Samsung Electronics, speaking during the "Internet of Things: Transforming the Future" conference at the Washington Post Live Conference Center in Washington.
The CEO of Samsung Electronics Kwon Oh-Hyun resigned on October 13, 2017, saying the South Korean tech giant was facing an "unprecedented crisis", even as it expected profits to hit an all-time high in the third quarter. / AFP PHOTO / SAUL LOEB

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 ...

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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 ...

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

Theresa May-Donald Tusk

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 ...

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HSBC names John Flint as new chief executive

John Flint HSBC

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 ...

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Call to end Scotch supertax as whisky sales tumble

SCOTCH-1

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 ...

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Facebook to sell portable headset for virtual reality

vr

SAN JOSE: Facebook Inc is launching a new virtual reality headset that does not require a separate computer to operate, allowing more mobile uses than the company’s existing Oculus Rift product, Chief Executive Mark Zuckerberg said. Zuckerberg, speaking at a conference for virtual reality developers, said the “Oculus Go” device ...

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43 kilos of gold is flushed through Swiss sewers each year

Gold-WATER

SWISS scientists have found that 43kg of gold worth about $1.8 million is passing through Switzerland’s wastewater each year, as first spotted by Bloomberg. The gold is lost through sludge and effluent from the country’s waste treatment plants according to a report by scientists at the Swiss Federal Institute of ...

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Ofgem says will work with government to lower energy prices

Ofgem

LONDON: May stunned the industry last week when she announced a plan to impose price caps on standard variable tariffs (SVT), the basic rate that energy suppliers charge if a customer does not opt for a specific fixed-term deal. Around 70 percent of households are on SVTs. Regulator Ofgem had ...

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Trade mission: London Mayor Sadiq Khan to visit Pakistan, India

SADIQ-KHAN

LONDON: London Mayor Sadiq Khan will visit India and Pakistan later this year to promote the UK capital and build trade and cultural links, his office said in a statement. The London mayor will tell the governments and business leaders that London is still open to people from across the ...

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UK attracting record number of tourists

Visit-Britain

Tourism is booming in the UK with nearly 40 million overseas people expected to have visited the country during 2017 – a record figure. Tourist promotion agency VisitBritain forecasts overseas trips to the UK will increase 6% to 39.7 million with spending up 14% to £25.7bn this year. Britons are ...

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