Business

DUBAI: A $300 million real estate development has launched in Dubai, touted as the world’s first ever scheme available for purchase using cryptocurrency Bitcoin. Dubai-registered Aston Property Ventures, a company owned by British lingerie businesswoman Michelle Mone and partner Doug Barrowman, unveiled the £250 million ($326 million) development in Dubai ...

GLASGOW: Implementing equal pay remains a challenge for Scottish councils, with around £750m spent on settling claims so far and nearly 27,000 cases still outstanding. The Accounts Commission reviewed how effectively local authorities have implemented the Single Status Agreement (SSA), introduced in 1999 to harmonise the pay structures of different ...

LONDON: Switzerland, a country famed for its services to chocolate, has unveiled a new iteration of the sweet stuff called “Ruby”. The pink hued chocolate, launched Tuesday, is the fourth type ever to be created and comes 80 years after the launch of White chocolate. Barry Callebaut, the chocolatiers behind ...

LONDON: Virtually all the world’s tap water is contaminated by microscopic plastic fibers, a new study claims, raising fresh concerns about the implications of rampant plastic pollution on human and planetary health. Some 83% of tap water samples collected from over a dozen countries on five continents tested positive for ...

COPENHAGEN: Danish toy maker Lego, known for its iconic coloured plastic bricks, said on Tuesday that it would cut eight per cent of its global workforce after a drop in sales in the US and Europe. The company recorded a five per cent decline in turnover in the first half ...

LONDON Mayor Sadiq Khan is urging the government to give London boroughs the power to hike council tax on empty mansions. The London mayor commissioned research into the extent of foreign home ownership in the capital last year, and the findings revealed that the number of empty homes was low, ...

LONDON: The trial of three former senior executives at Tesco (TSCO.L) accused of fraud and false accounting was adjourned on Monday until Sept. 25. Christopher Bush, who was managing director of Tesco UK, Carl Rogberg, who was UK finance director, and John Scouler, who was UK food commercial director, are ...

LONDON: British Government has selected six locations to pilot a scheme which will see homes and businesses get broadband speeds of 1Gb per second. The plan to give the UK better connection speeds could allow hospitals to share HD quality graphics of medical scans in seconds, speeding up diagnosis. It ...

DUBAI Land Department has revealed a list of the top 10 nationalities that invested in Dubai’s real market between January 2016 and the end of June 2017. The new list confirms that UAE nationals are in the lead, outperforming all other nationalities. His Excellency Sultan Butti bin Mejren, Director General ...

TOKYO: British Prime Minister Theresa May was attending Japan’s top security meeting Thursday, officials said, days after nuclear-armed North Korea fired a missile over the Asian nation. May, who is in Japan on an official visit, is reportedly just the second foreign leader to attend a meeting of the National ...