Friday, 22 February 2019

Business

Air hostess falls out of Indian plane, suffers injuries

  MUMBAI: A flight attendant fell out of an Air India plane while trying to close its door on Monday, the airline said, reportedly breaking her leg when she landed on the tarmac. The accident occurred at Mumbai’s international airport as the crew were getting ready to welcome passengers aboard ...

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Self-driving taxis will be running on Dubai roads

Driverless taxis on the road started test runs in Dubai. At the annual consumer electronics trade show Gitex, Dubai’s Roads and Transport Authority, or RTA, showed off its autonomous taxi service. The driverless car service kicked off at the show and will run for the next three months in select ...

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German business losing patience with limping Brexit talks

FRANKFURT AM MAIN: With just under six months until Brexit day, German business is losing patience with negotiations ahead of a vital deadline, warning ever more stridently of the risks of a no-deal departure. “Europe must stop a worst-case Brexit scenario,” Joachim Lang, director of the Federation of German Industry ...

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Seeds of next global financial crisis being sown

NUSA DUA: Rising US interest rates, tanking emerging market currencies and a bitter US-China trade spat could push the world towards its next financial crisis but there is still time to avert disaster, global finance chiefs have said. The world economy is still growing but faces an “unprecedented” combination of ...

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RBS pays first dividend in decade

LONDON: Britain’s Royal Bank of Scotland paid its first dividend in a decade, returning 2 pence per share to around 190,000 shareholders who haven’t seen a payout since RBS’s government bailout in 2008. The bank has spent the past ten years trying to return to its roots as a prudent ...

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Pentagon grounds global fleet of F-35s after crash

LONDON: The Pentagon on Thursday grounded the global fleet of F-35 stealth fighters to conduct engine inspections, following the first ever crash of the costliest plane in history. A Marine Corps F-35B was completely destroyed in a crash during training in South Carolina on September 28. According to Joe DellaVedova, ...

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Christian UK bakery wins landmark ‘gay cake’ case

LONDON – A bakery run by a Christian family in Northern Ireland on Wednesday won a landmark case in Britain’s highest court over its refusal to make a cake decorated with the words “Support Gay Marriage”. The Supreme Court upheld the owners’ appeal against a May decision that found them ...

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China to give 48 high-end drones to Pakistan

BEIJING: China will give 48 high-end drones to its close ally Pakistan, a deal, which experts say, could be the biggest of its kind. The Chinese media reported about the development after India struck a $5 billion deal with Russia to buy S-400 defence systems. China is Pakistan’s biggest arms ...

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Euro, sterling rise on hopes for Brexit deal

  NEW YORK: The euro and sterling rose on Wednesday, underpinned by optimism for a Brexit deal, while the dollar lost ground against a basket of currencies even as US bond yields hovered at multiyear peaks. The common currency’s gains were limited by worries about the sustainability of Italy’s public ...

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