Sunday, 25 February 2018

Business

Poker legend loses battle over £7.7m winnings from London casino

Phil Ivey

LONDON: US poker legend Phil Ivey has lost his UK Supreme Court appeal against Genting Casino, relating to a £7.7 million ‘edge sorting – Punto Barco’ dispute at London’s Crockfords Mayfair Casino. Ivey representatives wished to overturn a 2014 UK Civil Court ruling against the poker player, which deemed that ...

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Saudi Arabia to Construct $500 Billion Mega City

Saudi ArabiaMega City

RIYADH: Saudi Arabia’s powerful crown prince on Tuesday announced plans to build a futuristic city run entirely on alternative sources of energy and said the ultraconservative kingdom must return to “moderate Islam.” The $500 billion “Neom” project , envisioned as a hub for technological innovation, will be funded by the ...

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Equifax faces formal investigation by UK financial watchdog

Equifax

LONDON: Equifax, the US credit reporting company at the heart of a cyber security scandal, faces a formal investigation by the UK financial watchdog after it admitted that nearly 700,000 UK customers may have had their personal details stolen. The Financial Conduct Authority confirmed in a brief statement on Tuesday ...

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EU parliament votes to ban controversial weedkiller by 2022

weedkiller

STRASBOURG: The European Parliament called for the controversial weedkiller glyphosate to be banned by 2022 amid fears it causes cancer, a day before EU states vote on whether to renew its licence. MEPs approved a resolution which is not binding but will add fresh pressure on the European Commission, the ...

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Pizza Hut pulls ad after offending stuttering Saudis

pizzahut

RIYADH: Fast-food giant Pizza Hut has been forced to remove an advert that it posted on Twitter because it was considered offensive to people with speech impediments. The pizza chain had posted the ad on International Stuttering Awareness Day. The text of the advert repeated the first letter of words ...

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Wimpy is planning a comeback across the UK

Wimpy

LONDON: Fast food restaurant Wimpy – a big hitter in the high streets of the 1970s – could be making a comeback. The chain, which once had more than 500 outlets in the UK, now has just 80. One of those is in the intu Broadmarsh Centre in Nottingham – ...

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Google puts Uber on alert by investing in arch-rival Lyft

UBER-LYFT

LONDON: Alphabet’s growth-stage investment division, CapitalG, will lead the the investment, which comes four years after Google Ventures, which targets early stage companies, made a $250m investment in Uber. Lyft only operates in the US, but it now has a quarter of the market there, growing its share as Uber ...

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British Airways apologizes to bed bug-bitten travellers

bed-bug

LONDON: A Canadian family who says they were bitten all over by bed bugs on a flight to England is now getting an apology from the airline. New Westminister resident Heather Szilagyi, her seven-year-old daughter Molly and her fiancé, Eric Neilson, were on an overnight British Airways flight from Vancouver ...

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FBI, UK Serious Fraud Office start investigating Gupta family

GUPTA

JOHANNESBURG: The long arm of the law is finally catching up with South Africa’s crony capitalist Guptas and their network of criminality and corruption. FBI has launched a probe into the family, focusing on nephews of the Gupta brothers: Ashish and Amol Gupta. Both are US citizens which opens them ...

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Unemployment down again in UK

Unemployment uk

LONDON: UK unemployment fell by 52,000 in the three months to August to 1.4 million, leaving the jobless rate unchanged at 4.3% from the previous quarter. However, pay still failed to keep pace with inflation, with the real value of earnings down 0.3% over the past year. Total earnings, excluding ...

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