Thursday, 21 January 2021

Business

Sri Lanka bans use of young elephants for work

COLOMBO: Sri Lanka unveiled tougher laws, including a ban on using young elephants for logging and other physical work, as part of a crackdown on cruelty to domesticated wild animals. Wildlife Minister Gamini Jayawickrama Perera said that the cabinet approved new regulations imposing tough conditions on owners of elephants, which ...

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UK car output dips on slow domestic demand but exports rise

LONDON: UK car manufacturing slipped in October for the first time in 14 months amid slower domestic demand, according to the industry”s trade body. The Society of Motor Manufacturers and Traders said production dipped 1% last month against October last year, to 151,795 units. However, exports rose for the 15th ...

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UK economy “resilient” despite £122bn hit to finances

The UK economy is forecast to be £122bn worse off by 2020 than previously thought, the Autumn Statement shows. Chancellor Philip Hammond also said growth predictions had been cut as a result of the Brexit vote but vowed to make the UK economy “resilient”. As widely expected, he unveiled a ...

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UK’s Supermarket prices ‘to rise by 5%’

LONDON: Prices in the UK’s supermarkets will rise by at least 5% over the next six months, according to the former boss of Sainsbury’s. Justin King thinks that, after years of the cost of the weekly shop barely moving, we should expect to see inflation return. Mr King told Newsnight ...

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UK patients might have to show ID to access some NHS services

LONDON: Officials are examining whether patients should have to show ID to get some elements of NHS care. The Department of Health said it is looking into some methods that are already being employed across some parts of the NHS to claw back money from foreign NHS users. Chris Wormald, ...

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Apple to swap ‘faulty’ iPhone 6S batteries

NEW YORK: Apple says it will replace the batteries on some models of the iPhone 6S that could unexpectedly shut down, but pose no safety risk. The company says the smartphones affected were manufactured between September and October of last year. If your phone is affected, Apple will swap in ...

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Facebook to Open New London HQ, Create 500 New UK Jobs

LONDON: Facebook will open a new London headquarters next year and create another 500 jobs, the leading social network said Monday, despite uncertainty over Brexit. The group said the move will take its UK workforce to 1,500 staff, adding that Britain “remains one of the best places to be a ...

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Infrastructure key to UK’s first post-Brexit budget

LONDON: Britain’s first post-Brexit budget will focus on infrastructure and could spell an end to the previous government’s rigid fiscal targets, according to a treasury statement released Sunday. The budget will be new finance minister Philip Hammond’s first set-piece since replacing George Osborne who resigned following the June vote. Under ...

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Asia-Pacific leaders defend trade against Trump tide

LIMA: Asia-Pacific leaders are expected to send a strong message in defense of free trade Sunday as they wrap up a summit that has been overshadowed by US President-elect Donald Trump’s protectionism. The broad consensus at the Asia-Pacific Economic Cooperation (APEC) summit, which features some of the world’s most powerful ...

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