Wednesday, 23 August 2017

Business

Mumbai jail safe for Vijay Mallya, UK court told

Vijay Mallya

LONDON: The Centre has submitted a report to a London court about the living and security conditions at the city’s Arthur Road jail where it is planning to lodge fugitive liquor baron, Vijay Mallya (61), once he is extradited to India. Mallya is accused in a money-laundering case. When brought ...

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Bitcoin cash price jumps above $1,000 in stunning rise

BERLIN, GERMANY - FEBRUARY 15:  In this photo illustration model Bitcoins standing in front of Dollar bills on February 15, 2016 in Berlin, Germany. (Photo Illustration by Thomas Trutschel/Photothek via Getty Images)

LONDON: Bitcoin cash, the newly created cryptocurrency, just smashed a fresh record high. The cryptocurrency, which was formed when bitcoin’s blockchain forked earlier this month, rocketed past $700 yesterday, and today it breifly peaked above $1,000. At the time of writing, bitcoin cash was trading at $972.55, more than 90 ...

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McDonald’s workers in the UK set to strike

mcdonalds

LONDON: Employees at two restaurants, Cambridge and Crayford, voted to take industrial action over concerns about working conditions and the use of zero-hour contracts. They also wanted a wage increase to at least £10 an hour and were keen to be allowed to form a trade union as employees of ...

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Record month for overseas visitors to the UK

tourism UK

LONDON: Britain received a record number of foreign visitors in the second quarter of 2017, and the number of Britons making trips abroad reached an all-time high for the time of year, official figures showed. Some 10.75 million foreigners visited Britain for tourism or other purposes between April and June, ...

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Why whiskey tastes better with a little water

whiskey

LONDON: As with anything involved with the murky science behind alcohol and drinking, whether to add water to your whiskey has long been a contentious topic. Some people swear by drinks on the rocks, others won’t touch anything that’s not neat. But one group of scientists have now published a ...

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Asda cheers first quarterly sales rise in three years

ASDA

BIRMINGHAM: The supermarket, owned by US giant Walmart, reported a 1.8% rise in like-for-like sales in the second quarter, bringing an end to 11 consecutive quarters of deterioration. Figures have been boosted by a combination of price cuts and rising inflation, and come a year after Asda reported its worst ...

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British retail sales slow in July

RETAIL

LONDON: British retail sales growth slowed broadly as expected in July after a strong second quarter, as shoppers cut back on purchases of most goods other than food, adding to worries about a fall in consumer demand caused by higher inflation. Year-on-year retail sales growth dropped to 1.3 percent in ...

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Tech giants Intel plans to launch 100 self-driving cars

Intel

SAN FRANCISCO: Silicon Valley giant Intel on Wednesday announced plans for a fleet of self-driving cars following its completion of the purchase of Israeli autonomous technology firm Mobileye. A day after closing the $15 billion deal to buy Mobileye, which specializes in driver-assistance systems, Intel said it will begin rolling ...

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German airline goes bankrupt

Air-Berlin

BERLIN: Germany’s second biggest airline filed for bankruptcy after Abu Dhabi’s Etihad – its leading shareholder – refused to finance another bailout. Air Berlin will continue flying for the time being thanks to a loan of €150 million ($176 million) from the German government. That should also allow all 7,200 ...

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