Saturday, 23 June 2018

Business

UK economy grew by 0.6% in Q4 2017

MANCHESTER: The National Institute of Economic and Social Research (NIESR), Britain’s oldest independent research institute, said on Wednesday it believes gross domestic product in the UK rose by 0.6% in the fourth quarter. Britain’s monthly growth rates have lagged those of the eurozone and US so far in 2017, yet the ...

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Oil price hits three-year high

LONDON: Drivers have been warned they face misery at petrol pumps this year after the oil price rose to a three-year high of almost $70 (£52) a barrel. In November, Opec and other big oil producers including Russia agreed to extend production curbs until the end of 2018, which combined ...

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Police investigating viral post that closed Georgia Starbucks

Starbucks

BROOKHAVEN: A viral social media hoax about a supposed Starbucks employee has lead to an investigation by the Brookhaven Police Department. In the post, which originally appeared in a Facebook group called “White People Vs. Black People (The Orginal),” a person who said they were an employee of an Atlanta ...

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UK bans manufacture of products containing microbeads

  LONDON: A UK-wide ban on the manufacture of products containing microbeads has come into force today (9 January) – a “landmark step” in the introduction of one of the world’s toughest bans on these harmful pieces of plastic. Environment Minister Thérèse Coffey has announced that manufacturers of cosmetics and ...

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Billion-dollar spy satellite destroyed in launch

FLORIDA: A highly classified spy satellite worth upwards of a billion dollars has been lost in space after being launched aboard a rocket owned by Elon Musk’s SpaceX business. The satellite named Zuma was destroyed after failing to properly separate from the SpaceX Falcon 9 rocket, Dow Jones reported. Members ...

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Bitcoin Faces Bear Move as Price Drops Toward $15K

HONG KONG: Bitcoin is looking weak today after prices failed to hold above $17,000 levels at the weekend. Coindesk’s Bitcoin Price Index (BPI) fell to a low of $15,253 earlier today and was last seen trading at $15,345 levels. According to data source OnChainFX, bitcoin (BTC) has depreciated by 8.86 ...

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Lidl announces 1000 new jobs with five new stores in UK

BRADFORDSHIRE: German discount retailer Lidl has announced plans to open a massive new warehouse in Luton that will create up to 1,000 jobs. The group on Monday said that the new warehouse will be around a million square feet, making it double the size of any of Lidl’s warehouses in the ...

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Mercedes-Benz claims luxury pole position in 2017

FRANKFURT AM MAIN: Mercedes-Benz said Monday it had defended its top spot as the world’s biggest luxury carmaker in 2017, with a surge in sales, particularly in China, enabling it to clock up another record year. The Stuttgart-based group reported sales of around 2.3 million cars last year, an increase ...

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Euro zone bond yields creep up in hefty week of new issuance

LONDON: Borrowing costs in the euro area nudged higher on Monday ahead of a heavy week of new bond supply across the bloc in the first full trading week of the year. Germany, Austria, the Netherlands and Italy are expected to sell almost 12 billion euros of bonds this week, ...

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50 million trees to be planted to create a Northern England

LIVERPOOL: The UK Government has announced plans to create a forest of 50 million trees across the countryside of the North of England. The Woodland Trust said it plans to plant the trees over 25 years, in an area stretching from Liverpool in the West to Hull in the East. ...

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