Monday, 22 January 2018

Business

BMW workers accept revised pension deal

BMW

LONDON: BMW workers in the UK have accepted a revised offer over the closure of their final salary pension scheme, ending the threat of further strikes. The agreement follows a series of stoppages at plants making the Mini and Rolls Royce cars. More than 80% of members of the Unite ...

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BA throws support behind new Heathrow runway plan

British Airways

LONDON: The owner of British Airways has thrown its support behind a new third runway plan for London’s Heathrow airport from the wealthy founder of the Arora hotel group who claims he can cut the price of the project by up to £7bn. “Arora’s Heathrow proposal is a welcome alternative ...

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UK House prices fall for third quarter running

UK HOUSES

LONDON: UK house prices have fallen for three quarters in a row for the first time since 2012, according to the Halifax. Prices in the period between April and June were 0.1% lower than they were in the previous three months. Prices in June fell by 1% from the month ...

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France to end sale of diesel and gasoline vehicles by 2040

Macron

PARIS: France aims to end the sale of gasoline and diesel vehicles by 2040 and become carbon neutral 10 years later, Ecology Minister Nicolas Hulot said on Thursday at a presentation of measures to keep up momentum on the Paris climate agreement. French President Emmanuel Macron wants to press ahead with ...

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EU and Japan reach free trade deal

Japan's Prime Minister Shinzo Abe shakes hands with European Council President Donald Tusk at the end of a EU-JAPAN summit in Brussels, Belgium July 6, 2017.  REUTERS/Yves Herman

PARIS: The European Union and Japan have formally agreed an outline free-trade deal. The agreement paves the way for trading in goods without tariff barriers between two of the world’s biggest economic areas. However, few specific details are known and a full, workable agreement may take some time. Two of ...

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UK-US trade deal talks to begin next month

U.S. President Donald Trump escorts British Prime Minister Theresa May down the White House colonnade after their meeting at the White House in Washington, U.S., January 27, 2017.   REUTERS/Kevin Lamarque

LONDON: The UK will begin trade talks with the US over a new post-Brexit agreement on the 24 July, according to Secretary of State for International Trade Liam Fox. EU rules currently state that member states are not allowed to negotiate individual trade deals while remaining part of the bloc. ...

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Tesco axes 1,200 jobs at head office

Trolleys at the Tesco Superstore in Kirkcaldy, which is to close it was announced today.

LONDON: The supermarket giant informed affected staff on Wednesday morning about the cull, which amounts to a quarter of employees at offices in Welwyn Garden City and Hatfield. A number of jobs at a support centre in Bengaluru, India, will also be cut. Tesco is in the midst of a ...

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Sexual appeals in ads do not sell products: Study

sexual-appeals

Do partially or fully nude models in advertisements help in sale of products or brands? No, they do not is the flat conclusion of an analysis of nearly 80 advertising studies. “We found that people remember ads with sexual appeals more than those without, but that effect doesn’t extend to ...

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Uber chief executive Kalanick resigns as CEO

Kalanick UBER

PARIS: Uber boss Travis Kalanick has resigned as chief executive after pressure from shareholders. Mr Kalanick will remain on the board of the ride-hailing firm, however. His resignation comes after a review of practices at the firm and scandals including complaints of sexual harassment. Last week he said he was ...

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Britain and EU launch Brexit talks in Brussels

Brexit EU UK

LONDON: Brexit Secretary David Davis starts negotiations in Brussels on Monday that will set the terms on which Britain leaves the European Union and determine its relationship with the continent for generations to come. Almost a year to the day since Britons shocked themselves and their neighbours by voting on ...

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