Wednesday, 22 November 2017

Business

Nutella faces boycott from customers after tweaking recipe

Nutella

BERLIN: It’s the gloopy chocolate and hazelnut spread that has become a worldwide food phenomenon, whether slathered on toast or eaten straight from the jar by the spoonful. But aficionados of Nutella are up in arms after discovering that the recipe has been secretly changed, with more sugar and fat ...

Read More »

Siemens to Equip Solar Farms in Pakistan and Brazil

solar-farm-pk

RIO DE JANEIRO: Siemens AG (SIE.XE) on Tuesday said that it will install electrical systems for two solar farms, one in Pakistan and the other in Brazil.  e larger of the two photovoltaic plants will have a capacity of around 100 megawatts and be located in Bahawalpur, eastern Pakistan. The ...

Read More »

Emirates hits milestone with delivery of 100th Airbus A380

Emirates hits milestone with delivery of 100th Airbus A380

DUBAI: Emirates celebrated the milestone delivery of its 100th Airbus A380 aircraft at a special ceremony with Airbus at the manufacturer’s delivery centre in Hamburg the other day. ““This is a tremendous moment for Emirates We have been able to utilise it at slot-constrained airports, as well as at regional ...

Read More »

Toyota seeks more investments in Israeli auto tech, robotics

Toyota

TEL AVIV: Japan’s Toyota Motor Corp is seeking more investments in Israeli robotics and vehicle technologies after its venture arm led a $14 million investment in Intuition Robotics in July. The startup, which makes robots for the elderly, was the first Israeli investment for Toyota AI Ventures, a new $100 ...

Read More »

UK’s Aldermore agrees £1.1 billion takeover by FirstRand

pounds 20

South African lender FirstRand has agreed a £1.1 billion takeover of British banking newcomer Aldermore Group to boost its business in developed markets. The 313 pence per share offer represents a 22.3% premium to Aldermore’s closing price of 245 pence on October 12, the day before the companies announced they ...

Read More »

Jeff Bezos sells off a million Amazon shares for $1.1Billion

Jeff Bezos

LONDON: The World’s Richest Person Amazon founder Jeff Bezos sold off another sliver of his stake in the company this week, as the stock soared to record levels. Shares in Amazon surged last week, putting the price above $1,100 for the first time ever. The increase came as the tech ...

Read More »

Coca-Cola Christmas Truck is returning to Telford

Coca-Cola Christmas Truck

GLASGOW: The Coca-Cola Christmas Truck is returning to Telford once again this December, as the iconic truck hits the road for its annual UK tour. Now in its seventh year, the tour will kick off in Glasgow on 11 November – visiting 42 stops nationwide during the festive season – ...

Read More »

Tesla may start making cars in nation by 2020

Tesla

LONDON: Electric carmaker Tesla Inc expects to start manufacturing cars in China in about three years, according to CEO Elon Musk. The billionaire entrepreneur said Tesla is about three years away from starting production in China and will not make any significant capital expenditure until 2019, Bloomberg reported on Thursday. ...

Read More »