Wednesday, 25 April 2018

Business

Sterling rises after dollar falls

POUND

file photo LONDON: British Pound seems to be struggling to improve on the recent strong performance as the market desires to learn of better news. Whilst the good news is not exactly forthcoming there is a very high expectation the data will continue to be positive for the UK and ...

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Tesco to report rising profit since Booker deal

tesco

LONDON: The supermarket giant will report to the market next week for the first time since completing its £3.7 billion takeover of wholesaler Booker, with analysts expecting a healthy rise in full year profits. Tesco is forecast to post a 22% rise in operating profit to £1.56 billion for the ...

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China to fight US tariffs ‘at any cost’ after Trump threat

CHINA US TRADE

Photo: Bloomberg BEIJING/NEW YORK: China yesterday said it would fight back “at any cost” with fresh measures to safeguard its interests if the US sticks to its protectionist actions, after US President Donald Trump threatened an extra US$100 billion of tariffs in a worsening trade dispute between the world’s two ...

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British Steel looks to employ more women

British Steel

LONDON: The Scunthorpe-based British Steel company is said to be taking active steps to attract more women into the industry. Historically the town’s steel industry is male-dominated, with 90 per cent of the current 3,000 jobs filled by men. In the production areas, the figure is even higher at 99 ...

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Daniel Ek, Spotify’s tenacious and taciturn CEO

spotify

In this file photo taken on May 20, 2015 Daniel Ek, CEO of Spotify, speaks to reporters at a news conference in New York. Spotify went public on April 3, 2018, as the world's largest streaming company lists on the New York Stock Exchange. (AFP/Don Emmert) LONDON: Spotify’s billionaire CEO ...

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Lufthansa sees Italy coming under pressure over Alitalia

Lufthansa

The chief executive of Lufthansa said the German carrier is not interested in Alitalia in its present form and that it needs restructuring. (Reuters) BRUSSELS: Lufthansa expects the European Commission will put pressure on Italy to find a solution for ailing flag carrier Alitalia, the German group’s chief executive said ...

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Saudi Arabia, Egypt Sign $10 Billion Deal on Mega-City

Egyptian President Abdel-Fattah el-Sisi, left, greets Saudi Crown Prince Mohammed bin Salman upon his arrival to Cairo, Egypt. AP

Egyptian President Abdel-Fattah el-Sisi, left, greets Saudi Crown Prince Mohammed bin Salman upon his arrival to Cairo, Egypt. AP Saudi Arabia has signed with Egypt an investment agreement to develop Egyptian lands south Sinai to become part of a planned mega-city and business zone unveiled by Saudi Arabia last October. ...

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Diesel bans unlikely before 2020: German minister

diesel_exhaust_pollution

FRANKFURT: Any diesel bans would likely take two years to put in place by which time the affected cities may have found other ways to reduce pollution, Hendrik Wuest, the transport minister of the German state of North-Rhine Westphalia, said. “There will be new anti-pollution plans. Those can be challenged ...

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Toyota Investing Billions In New Self-Driving Car Company

Toyota

TOKYO: Toyota is one of the many companies exploring self-driving car technologies for the future of mobility. The Japanese car giant has announced that it’s teaming up with two of its suppliers to set up a new company that will be dedicated to the research and development of autonomous cars. ...

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WhatsApp rolls out new features for IOS devices

whats

LONDON: Facebook-owned social messaging application WhatsApp is rolling out new feature that allows users to add time or location filter in photos and videos. The new feature is similar to Instagram and Snapchat where the user could add similar stickers while sharing videos and photos. How to add filters Press the ...

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