Monday, 27 March 2017

Business

£1 two-bedroom house for sale

HOUSE 1

LONDON: Imagine being able to buy a property for less than the price of an adult bus fare. Well now you can because this two-bedroom house been put on the market. And it only costs £1. The terraced property, in Sacriston, Durham, has an entrance hall, living room, kitchen and ...

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Royal Bank of Scotland reports £7 billion annual loss

RBS

LONDON: Royal Bank of Scotland (RBS) has reported a £7 billion annual loss, its ninth consecutive year in the red. The lender, which is 72% owned by the taxpayer, lost billions due to restructuring, conduct and litigation charges. Friday’s figures take into account £10 billion in legacy costs, including £5.9 ...

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Google accuses Uber of stealing self-driving car technology

uber self-driving car

SAN FRANCISCO: The race to develop self-driving vehicles took a new turn on Thursday when Google’s parent company Alphabet filed a lawsuit against Uber, accusing it of stealing technology. Alphabet contends that a manager at its autonomous car subsidiary Waymo took technical data with him when he left to launch a competing venture ...

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Barclays: Dublin might become European HQ

BARCLAYS

LONDON: Barclays has admitted it “may add some people in Dublin” if its London base loses single market access post-Brexit. The confirmation comes one month on from a Bloomberg that the bank had started scouting the Irish capital for office space in early 2017 and had been in discussion with regulators ...

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Can and bottle deposit return scheme backed by Coca-Cola

COKE

Drinks giant Coca-Cola has given its backing to a campaign to introduce a deposit return scheme for cans and bottles in Scotland. A spokesman for the soft drink firm said the “time is right” to try new measures “such as a well-designed deposit scheme for drinks containers, starting in Scotland ...

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UK keen to further trade ties with Pakistan

Ms Belinda Lewis

SIALKOT: Ms Belinda Lewis, British Deputy High Commissioner in Karachi, said that the UK will continue supporting Pakistani businessmen, assuring full cooperation and technical assistance for strengthening bilateral trade relations between the two countries. Ms Belinda Lewis was addressing a meeting of exporters here at Sialkot Chamber of Commerce and ...

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Amazon to create more than 5,000 jobs in the UK

LONDON: Online retailer Amazon is set to create more than 5,000 jobs in Britain this year, the company said on Monday, boosting its investment in the country once more even as it prepares to leave the EU. Amazon, along with other tech giants such as Google and Apple, has increased ...

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HSBC shares slide after 62% profit fall

HSBC

LONDON: Shares in HSBC have fallen after the bank reported a steeper-than-expected fall in annual profits. It reported a $7.1bn (£5.7bn) pre-tax profit for 2016, down 62% on the $18.9bn reported a year earlier. HSBC attributed the fall to a string of one-off charges, including the sale of its operations ...

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Uber to investigate sexual harassment claim by female engineer

uber

NEW YORK: Uber’s chief executive ordered an investigation Monday into a sexual-harassment claim made by a female engineer who said her prospects at the company evaporated after she complained about advances from her boss. In a blog post about her year at Uber, Susan Fowler Rigetti said the company’s human ...

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