Sunday, 23 April 2017

Business

FCA to launch first competition case

FCA

LONDON: The FCA is preparing to go public with an investigation that uses new competition powers for the first time. The investigation has been kept quiet for a year but is close to being made public, and will be seen as a test case for the regulator’s competition powers. The ...

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Google reveals £36 m UK tax bill

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LONDON: The US search engine giant recorded sales of £1.03bn and a pre-tax profit of £149m in the UK for the 12 months to the end of June 2016. Like other major tech firms, Google has come under pressure over its tax arrangements. Labour said the firm was still not ...

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UK-German stock exchange deal blocked by EU

London stock market

LONDON: EU regulators have blocked London Stock Exchange’s £21bn merger with German stock exchange Deutsche Boerse. The European Commission said the deal would have created a “de facto monopoly” for certain financial services. The merger would have combined Europe’s two largest stock exchange operators. London Stock Exchange Group said it ...

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Rivals Paris and London announce joint business plan

PARIS LONDON

PARIS: Paris and London, traditional rivals when it comes to attracting tourists and industry, have signed a business agreement to cooperate in attracting visitors and companies. The two cities, which are linked by rail, have seen their rivalry intensify recently as Paris hopes to welcome finance jobs that are expected to ...

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Sweden hotel offers refund, only if you divorce

Sweden hotel offers refund

STOCKHOLM: A Swedish hotel chain said Sunday it is offering guests a refund – but with strings attached: you only qualify if you get divorced in the year following your stay. The Countryside luxury hotel group said its “radical” idea was designed to make “more people understand the degree to ...

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Robots could replace up to 30 per cent of UK jobs by 2030

robot 1

LONDON: As many as a third of all jobs in the UK are at risk of being lost to machines within the next 15 years, fresh research reveals. However, it’s likely that technologies related to artificial intelligence will create new jobs, according to the research, and automation will boost productivity ...

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Android gets a new flavour

android-O

New version of Android is coming as Google has rolled out its next Android named Android O. Android O Released for Developers. The new software is coming with a variety of new features. The new developer tool is available  for the Google Pixel, Pixel XL, Pixel C, Nexus 6P, Nexus 5X ...

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WikiLeaks reveals how CIA hacks iPhones, MacBooks

macbook_iphone

WASHINGTON: The Central Intelligence Agency is able to permanently infect an Apple Mac computer so that even reinstalling the operating system will not erase the bug, according to documents published Thursday by WikiLeaks. In its second release allegedly from the CIA’s arsenal of hacking tools, WikiLeaks also said that it appears ...

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Google to revamp policies, hire staff after UK ad scandal

google-

LONDON: Google vowed to police its websites better by ramping up staff numbers and overhauling its policies after several companies deserted the internet giant for failing to keep their adverts off hate-filled videos. Google has found itself at the center of a British storm in recent days after major companies ...

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Vodafone’s Indian unit and Idea Cellular announce merger

Airtel-Vodafone

MUMBAI: UK telecoms giant Vodafone has merged its Indian business with Idea Cellular, India’s third-largest network, to create the country’s largest operator. The combined company will have almost 400 million customers, accounting for 35% of the market share, the firms said in a statement. The announcement ends months of speculation ...

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