Monday, 18 January 2021

Business

Gender pay gap closing as men shift into low-paid work

LONDON: The gender pay gap for the under-30s is closing because young men are shifting into low paid and part-time work previously dominated by women. Men in their 20s still earn more, on average, than women of the same age but new research from the Resolution Foundation’s Intergenerational Commission has ...

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Housebuilder Redrow delivers record first half revenue

LONDON: Housebuilder Redrow (LON:RDW) revealed impressive half year results on Wednesday, detailing a record pre-tax profit of £140 million. Group revenue also rose 23 percent to a first half record of £739 million, boosted by a 13 percent increase in house sales in the six months to December. Profits rose 35 ...

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House prices suffer first fall since August – Halifax

LONDON: British house prices suffered their first fall in monthly terms since shortly after June’s Brexit vote, mortgage lender Halifax said on Tuesday, a latest sign of a slowing in the housing market. House prices fell 0.9 percent in January alone after a 1.6 percent surge in December. A Reuters ...

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Seagate plans to produce a 16TB hard drive within the next 18 months

PARIS: During a conference call after Seagate released its earnings report for the second fiscal quarter of 2017, Chairman and CEO Steve Luczo provided a roadmap of the company’s hard drive rollout over the next 18 months. During this period, the company plans to expand the capacity limit up to ...

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Viber introduces ‘secret messages’ which disappear after being viewed

PARIS: Viber has introduced “secret messages”, the self-destructing messages which disappear automatically after a set time. Messaging apps have become popular over the years and now more of them are offering end-to-end encryption to the users so that they have more control over their conversations. WhatsApp also launched this service ...

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Taking selfies is difficult no more, say hello to AirSelfie

LONDON: Fitting everyone in a wide-angled selfie is a feat no longer impossible, thanks to AirSelfie. AirSelfie is a drone that is not only small enough to fit into your pocket it can also be slid into a special smartphone case. So get ready to grab better-angled pictures. Measuring 67.4*94.5*10.6mm, ...

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UK, Romania Keen to join CPEC

ISLAMABAD: Pakistan and China’s China-Pakistan Economic Corridor project has officially become a hot topic around the world. The U.K. and Romania are reportedly ready to join the $46 billion project, which is already being called a game-changer for the region. Meanwhile, countries from all around the world view CPEC as a ...

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Motor insurance premiums hit record high, as cars go hi tech

LONDON: Car insurance premiums in the UK have hit a record high, partly because cars’ increasingly complex electronics have made repairs more expensive. The average annual comprehensive policy cost £462 in the last three months of 2016, according to the Association of British Insurers (ABI). Previously the highest figure was ...

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Scottish ferry services ‘could be nationalised’

GLASGOW: Ferry services in Scotland should be brought under government control if EU rules allow it, the transport minister has said. Humza Yousaf said the Scottish government would prefer to use an “in-house operator” if it is permitted following a European Commission review. The tendering process for Northern Isles and ...

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