Wednesday, 25 April 2018

Business

China unveils hypersonic jet: Reach London in just minutes

China unveils plans for hypersonic jet

LONDON: A hypersonic plane design has been revealed by Chinese researchers that can take passengers and cargo from Beijing to New York in just two hours. Yes, which means it will be one-seventh of the time that presently it takes to travel from Beijing to NewYork on a plane. Cui ...

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Toys R Us faces bankruptcy

Toys R Us

LONDON: Toys R Us UK could go into administration as early as next week, with around 3,200 jobs under threat. Directors from the struggling toy store chain are expected to make the move on Tuesday after failing to find a buyer. The toy company has already notified the Pension Protection ...

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RBS posts first annual net profit in a decade

RBS

MANCHESTER: Royal Bank of Scotland has today reported its first full-year profit since 2007. But the symbolic moment was bitter-sweet for the bank which had hoped to get a multi billion-dollar misconduct charge out of the way instead. The bank’s £752m profit beat a company-provided average of analyst forecasts for ...

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European stock markets slide at open

European stock markets

LONDON: European stock markets slid at the start of trading on Thursday after large drops in Asia and on Wall Street, as investors predict a series of US interest rate rises. London’s benchmark FTSE 100 index shed 0.5 percent to 7,243.32 points compared with the close on Wednesday, as traders ...

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London Stansted tansted applies to grow passenger limit

london-stansed

LONDON Stansted is looking to extend its annual passenger limit from 35 million passengers a year to 43 million. It has put in a planning application to Uttlesford District Council this week following extensive consultation with local communities. The application looks to use the existing single runway over the next ...

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Billionaire jeweler denies involvement in huge Indian bank fraud

Vijay Aggarwal Billionaire jeweler denies involvement in huge Indian bank fraud

NEW DELHI: Indian billionaire jeweler Nirav Modi, one of the prime accused in the country’s largest ever bank fraud, denies allegations leveled against him by Punjab National Bank (PNB), his lawyer said on Tuesday. “There is nothing, there is nothing in it,” Vijay Aggarwal, a lawyer representing Modi, told Reuters, ...

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Hackers used Tesla’s cloud to mine cryptocurrency

Tesla

LONDON: The electric car maker was hit by hackers recently, something security researchers at cloud security firm RedLock revealed. RedLock said that the unprotected Kubernetes console that Tesla owns saw hackers getting into their systems, and mining cryptocurrency. Kubernetes is something Google designed, and is used to deploy and manage ...

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South Korean cryptocurrency regulator found dead in his home

Jung Ki-joon

BUSAN: One of the officials who helped South Korea’s regulatory changes on cryptocurrency, Jung Ki-joon, has been found dead in his home. Ki-joon was the head of economic policy at the Office for Government Policy Coordination, where he helped the efforts to mold a new legislation that would slow and ...

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Ten days left to use old paper notes

PAPER OLD NOTES

LONDON: You only have until next week to use your paper £5 and £10 notes. All paper Scottish £5 and £10 notes will cease to be legal tender on March 1. After that date, you will still be able to exchange your paper notes at your bank, but will no ...

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Google disclosed Microsoft Edge security flaw

Microsoft Edge

LONDON: Google seems to be gunning for Microsoft again by going public with a vulnerability in Microsoft Edge before Microsoft could develop a patch. The flaw affects Microsoft’s Arbitrary Code Guard (ACG) which Microsoft described a year ago in a post about major security improvements released in the Creators Update ...

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