Monday, 17 December 2018

Business

Germany, France ‘in fresh push for EU financial transaction tax’

BRUSSELS: Germany and France will on Monday seek to revive the long-delayed EU financial transaction tax by proposing that member states be allowed to use the revenues to reduce their EU budget contributions, a German newspaper reported. Germany’s Olaf Scholz and his French counterpart Bruno Le Maire will present their ...

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Uber driver convicted over British passenger’s death

SYDNEY: An Uber driver was on Monday convicted over the death of a British passenger in Sydney. The passenger, 30-year-old Samuel Thomas, died when he fell from the Uber cab and was hit by a bus in June 2017, the BBC reported. Thomas, from Hertfordshire, had been getting out of ...

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Qatar to quit OPEC in 2019

DOHA: Qatar is to leave OPEC next month in order for the Gulf state to focus on gas production, Energy Minister Saad al-Kaabi announced on Monday. “Qatar has decided to withdraw its membership from OPEC effective January 2019,” Kaabi said at a Doha press conference. He added that Qatar would ...

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US, China agree to trade war ceasefire

BUENOS AIRES: US President Donald Trump and China’s Xi Jinping agreed Saturday to suspend any new tariffs in the escalating trade war between the world’s two largest economies, even if huge existing duties will remain in place. Following more than two hours of dinner talks between the two leaders, the ...

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PM Theresa May in landmark visit to Argentina

LONDON: Adding to her EU divorce dramas, Prime Minister Theresa May is on a landmark visit to Argentina for the G20 summit where her hosts are using Brexit to advance their claim on Britain’s Falkland Islands. May arrived late Thursday on the first visit by a British premier to the ...

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ECB launches real-time payments in challenge to tech giants

FRANKFURT: The European Central Bank will on Friday unveil the first pan-eurozone instant payment service, hoping to become a dominant player in a field crowded by US and Asian tech giants. The so-called TIPS system will allow consumers and businesses across the 19-nation euro area to send and receive money ...

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SAARC Chamber hails opening of Kartarpura border

SAARC Chamber of Commerce and Industry, appreciating the opening of Kartarpur border, stated that Prime Minister of Pakistan Imran Khan’s sincere efforts to extend friendly hands towards India would result into a sustainable and durable peace in the region. SCCI Senior Vice President Iftikhar Malik said that it would facilitate ...

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Air India plane hits building at Stockholm airport

STOCKHOLM: An Air India plane carrying 179 passengers struck a building at Stockholm’s Arlanda airport with its wingtip as it taxied to gate on Wednesday, but no injuries were reported, police said. “The 179 passengers could disembark from the plane on a mobile staircase and thereafter enter the terminal,” police ...

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Danske Bank charged in money laundering case

COPENHAGEN: Danish prosecutors said Wednesday they had brought “preliminary charges” against Danske Bank, the Scandinavian country’s biggest lender, which has been embroiled in a massive money-laundering scandal. The Copenhagen international financial crimes unit SOIK said its probe, launched in August, was now at an advanced stage that justified the move ...

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Deutsche Bank Americas head expected to leave

FRANKFURT: Deutsche Bank’s head of the Americas, Tom Patrick, is likely to leave the bank, possibly by the end of the year, two people with knowledge of the matter said on Wednesday. The change comes as Germany’s largest lender restructures its US business and struggles with regulators. A US-based spokeswoman ...

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