Business

LONDON: The International Monetary Fund (IMF) has warned that Brexit poses a risk to global financial stability at a time when it is already challenged by heavily-indebted US corporations, China’s credit bubble and weak European banks. Warning that banks were likely to be the sector of the City hardest hit ...

LONDON stocks plunged, dragging Europe lower after Britain called a snap general election, fuelling political uncertainty ahead of Brexit but also a tight presidential race in France. Indices were hit also by falling metals prices, traders said, as investors returned to their desks after a four-day Easter break. At the ...

Describing FMC as “under the radar,” admittedly, is probably a stretch. But in a snap of the fingers, FMC upped its game and aligned itself with the biggest names in ag. It’s not only buying up DuPont’s crown jewel insecticides and cereal herbicides, but the game-changer: its robust pipeline and ...

= It’s an age-old quandary: you want to down a bottle’s worth of Berlusconi’s tears (that’s prosecco, FYI) to yourself, but you’re damned if you’re sloshing back that many calories in half an hour with summer just around the corner. But not anymore. A ‘light prosecco’ has landed in London, promising ...

LONDON: Tesco has apologised after a newspaper advert for discounted beer said: “Good Friday just got better.” The supermarket said it was sorry for any offence caused after linking alcohol with Good Friday – the day when Christians commemorate the crucifixion. It said the ad would not be used again. ...

LONDON: Facebook has been accused of refusing to take down child porn and terrorist propaganda posted on the site, despite being made aware of it. Robust allegations made by The Times following an investigation claim the world’s biggest social media site could even be prosecuted in the UK, as some ...

LONDON: The first rail freight service from the United Kingdom (UK) to China will reportedly depart on a 7500-mile long journey by passing through seven nations. The train with 30 containers carrying British goods will depart from Essex today for China. The goods include whiskey, soft drinks, vitamins and other ...

LOS ANGELES: Yum Brands US KFC chain plans to curb the use of antibiotics in its chicken supply, making it the last of the big three chicken restaurants to join the fight against the rise of dangerous antibiotic-resistant bacteria known as superbugs. KFC, the second-biggest US chicken chain by sales after ...

LONDON: The outlook for London’s financial sector has improved since Brexit was triggered, insists the man charged with its policy, even as banks remain set to move some jobs abroad. Mark Boleat, who spoke after British Prime Minister Theresa May activated the process for Britain’s EU exit, nevertheless urged speedy ...

LONDON: The United Kingdom has expressed its desire to become a key partner in the multibillion-dollar China-Pakistan Economic Corridor (CPEC). “Britain is a country of global influence and can be an important partner for China and Pakistan in the delivery of the China-Pakistan Economic Corridor which has the potential to ...