Sunday, 7 March 2021

Business

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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Virtual reality ‘to replace high street shopping by 2050’

LONDON: High street retailers could be a thing of the past by 2050 as virtual reality takes over the way we shop, experts predict. The only time we can expect to be asked “Are you being served?” is when interacting with an artificially intelligent app. The kind of department store ...

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Britain and Pakistan to increase trade ties

ISLAMABAD: Britain is in talks to boost trade and cooperation with Pakistan, Foreign Minister Boris Johnson said on Thursday, part of London’s efforts to improve trade links with emerging market countries. Britain has been seeking to bolster global trade ties following its June referendum vote to leave the European Union, ...

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Photos you must never post on Facebook

LONDON: Social media has become the most important tool for staying in contact with families, friends, fans and almost whoever one wants to. Not only do we keep people posted about our thinking and opinions but also share with them through social media our achievements, our happiness and our sadness. ...

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Twitter boss Jack Dorsey has his own account suspended

PARIS: The boss of Twitter has had his own account on the social network briefly suspended. Jack Dorsey verified @jack handle was banned for about 15 minutes on Tuesday night, much to the mirth of fellow users. After the outage, Twitter’s chief executive gave no specific reason for the outage. ...

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