Monday, 27 March 2017

Business

British firm invest $400m in Pakistan for cement plant

asian-precious-minerals-cement-plant-pakistan

LONDON/PESHAWAR: British firm Asian Precious Minerals announced an investment of $400 million in building a new cement plant in K-P in a meeting between company executives and K-P Chief Minister. Both sides discussed the potential of bilateral trade between the UK and K-P, says a statement issued by the British High ...

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Apple will be launching a new 10th anniversary edition iPhone

iPhone 7

LONDON: Apple launched their flagship smartphones, the iPhone 7 and 7 Plus, in September last year and while many criticised it for lacking new features and innovation, the Cupertino giant ended up selling the highest number of iPhones ever in the last quarter of 2016. However, the glory of the ...

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London stock market soars to new record highs

London stock market

LONDON: The London stock market soared to new record highs today meaning that the FTSE 100 index has now rocketed by a third since February last year. As optimistic investors snapped up blue-chip multinational stocks, the top-flight FTSE 100 index closed 119.4 points higher at 7,382.9, smashing through its previous ...

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Visitors can explore Scottish landmarks using virtual reality

vr

SCOTLAND is home to an incredible variety of landmarks, with people flocking from around the world to see attractions such as Edinburgh Castle, the RRS Discovery and Skara Brae. A new app will now enable to have a glimpse of Scotland’s attractions before they have even visited. ScotlandVR will enable people to ...

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People are hating WhatsApp’s new update

whats

LONDON: Popular mobile messaging service WhatsApp’s new “Status” feature is now available to all users across the globe on iPhone, Android and Windows devices. The “Status” feature lets users share photos, GIFs or videos overlaid with drawings, emojis and a caption that will be visible to selected friends for 24 ...

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Britons face surge in motor insurance premiums after rule change

motor insurance

LONDON: Britons will have to pay much more for motor insurance after the government announced new rules on Monday that will push up lump sum payments for personal injury claims. The industry’s trade body described the change as “crazy” as it would lead insurers to further increase motor insurance premiums, ...

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BT landline customer plan to slash bills by £60

BT 2

LONDON: British telecoms regulator Ofcom said it planned to force BT (BT.L) to cut its bills by at least 5 pounds a month for those customers that only take a landline, seeking to protect elderly and vulnerable people who rely on the service. Ofcom said more than 2 million people ...

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Warning over fake new £5 notes

£5 note

LONDON: An investigation has been launched by the Bank of England into fake new £5 notes. The central bank has admitted there have been cases of the design being passed off on paper and police have warned about fake notes being in circulation. The new polymer format, which was launched ...

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British Airways owner plans €500m share buyback

BRITISH AIRWAYS

LONDON: International Airlines Group reported a 9 per cent rise in operating profit for 2016 and announced its first ever share buyback, worth €500m, as the company disclosed a €460m hit to earnings mainly stemming from sterling’s weakness after Brexit. IAG’s performance last year was partly fuelled by the acquisition of ...

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Forget India, profit from ‘quiet rise’ of Pakistan: Barron’s Asia

Pakistan india

JAKARTA: Investors should forget India and instead profit from the ‘quiet rise’ of Pakistan along with Sri Lanka and Bangladesh, Barron’s Asia said. In an article, America’s financial magazine advised investors where profit is to be had through stock investments. It pitched Pakistan, Sri Lanka and Bangladesh as the places to ...

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