Monday, 11 December 2017

Business

Apple in talks to launch money-transfer service

APPLE PAY

PARIS: Apple Inc has held talks with payments industry partners about launching a money-transfer service. The service will allow iPhone owners to transfer money digitally to other iPhone users, citing sources familiar with the talks. Apple will announce the new service later this year, one source told Recode, while another ...

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Tickets on sale for first non-stop Perth to London flight

Qantas

LONDON: Passengers hoping to travel on Qantas’ first direct flight between Perth and London will pay a “very competitive” $2270 for a return economy fare, The West Australian can reveal. Qantas is expected to be overwhelmed by demand for the 18-hour, nonstop service when the flights go on sale from ...

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Brexit: Farmers to Use Machines to Make Up for Loss of EU Workers

robots-indoor-farming

LONDON: Robots will fill the void left by EU nationals once Brexit kicks in, farming experts have said. A new generation of robots are being readied to fill a labor shortage on Britain’s farms, which is expected post-Brexit. The robot, called Thorvald, has been designed for unskilled tasks. According to sources, Thorvald has already altered ...

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Uber secretly tagged users even after they deleted the app

A man poses holding a smartphone showing the App for ride-sharing cab service Uber in London on October 28, 2016. 
Ride-sharing cab service Uber on October 28 lost a British tribunal case brought by drivers demanding basic workers' rights, in a decision that could affect thousands of workers. / AFP / DANIEL SORABJI        (Photo credit should read DANIEL SORABJI/AFP/Getty Images)

Earlier in the year, it came to light that Uber illegally used a software-based programme dubbed as “Hell” to spy on its rival Lyft for two long years (between 2014 and 2016). The secret programme helped Uber access its rival’s private information, including the number of drivers available in a ...

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UK govt sells green bank in £2.3 billion deal

green bank

LONDON: The UK Green Investment Bank (GIB), created by the British government to fund environmental projects, is to be sold to Australian financial services firm Macquarie Group in a £2.3 billion deal, the government said. Under the deal, worth $2.6 billion (2.7 billion euros), Macquarie has vowed to invest at ...

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Vijay Mallya laundered money to British cos, India tells UK

Vijay-Mallya

NEW DELHI: Indian investigators feel there is a strong chance of bringing Vijay Mallya back to India as documents shared by the Enforcement Directorate (ED) with the UK government claim the controversial tycoon laundered money from banks in India to “British companies“ and “bank accounts“ in the UK.The ED’s findings ...

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UK-based Liberty Group to buy ArcelorMittal’s US unit

Sanjeev Gupta, executive chairman of Liberty House Group, center, arrives at the offices of the Department for Business, Skill and Innovation in London, U.K., on Tuesday, April 5, 2016. Gupta plans to meet U.K. Business Secretary Sajid Javid to discuss potential purchase of Tata Steel Ltd.’s British steel operation, the BBC reported without attribution. Photographer: Chris Ratcliffe/Bloomberg *** Local Caption *** Sanjeev Gupta

LONDON: UK-based Indian-origin entrepreneur Sanjeev Gupta’s Liberty House Group announced an in-principle agreement to acquire ArcelorMittal’s Georgetown Steelworks in South Carolina. The proposed deal between Liberty House and NRI steel magnate Lakshmi N Mittal’s US steelworks includes a 540,000- tonne a year electric arc furnace and 680,000-tonne a year rod ...

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Google tackles a major flaw with home assistants

GOOGLE HOME

LONDON: Google is teaching its Google Home voice-activated speaker some new tricks. The tech giant announced today that it’s addressing one of the major flaws with assistants like Home and Amazon’s Alexa-powered Echo by adding multi-user support. Currently, Google Home and the Echo can’t distinguish between individual voices. In other ...

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Uber could face higher licence fees in London under new proposals

uber

LONDON: Taxi app Uber could face an increase in operator licence fees in London under proposed changes by the city’s transport authority, the latest in a series of moves by regulators to rein in a firm that has disrupted the traditional taxi industry. Transport for London (TfL) launched a consultation ...

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PIA to start daily Karachi-London flights

PIA

LONDON: Pakistan International Airline (PIA) will provide passengers with an option of daily flights between Karachi and London from April 25, 2017. Two of these flights, on Wednesdays and Sundays, would be operated directly, while on other days convenient connections within two to three hours would be provided to Lahore ...

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