Saturday, 23 June 2018

Business

Sadiq Khan wants to increase council tax on empty mansions

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, ...

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Trial of former Tesco executives adjourned to September 25

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 ...

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UK begins hyper-fast broadband trials

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 ...

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Indians, Pakistanis among top 10 investors in Dubai real estate

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 ...

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British PM Theresa May Attends Top Security Meeting In Japan

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 ...

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UK petrol prices could jump after Hurricane Harvey

LONDON: The price of unleaded petrol could surpass that of diesel in the coming days as a result of the disruption caused by Hurricane Harvey in the US, the RAC has warned. The drivers’ association said the price of a litre of unleaded in the UK could rise by up ...

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London mayor urged to promote factory-made houses

LONDON: The London Assembly planning committee wants mayor of London Sadiq Khan to take the lead in easing the way for developers to use system building techniques to mass-produce offsite manufactured homes (OSM) more quickly and cheaply than using traditional construction methods. A report1 published today by the committee says ...

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Ryanair CEO says won’t bid for Air Berlin

BERLIN: Ryanair chief executive Michael O’ Leary said his airline would not make a bid for insolvent Air Berlin, slamming what he called a German “stitch-up” designed to benefit Lufthansa. Several airlines are jostling to take over parts of Air Berlin after it filed for insolvency earlier this month, a ...

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Malaysia’s Axiata to buy Pakistan telecom towers for $940 million

Malaysian telecommunications group Axiata Group Bhd (AXIA.KL) on Wednesday said it will buy communications towers in Pakistan for $940 million in partnership with local conglomerate Dawood Hercules Corp Ltd (DAWH.KA). Axiata said its telecommunications infrastructure services unit, edotco Group Sdn Bhd, and Dawood Hercules will buy 13,000 towers from Pakistan ...

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Britain facing social care crisis, charities warn

LONDON: Britain is facing a social care crisis with many people unaware and unprepared for the potential care costs that come with older age. UK adults underestimated the average weekly cost for elderly residential care by over £300 when asked by think tank the Centre for the Modern Family. While ...

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