Monday, 24 September 2018

Business

UK vehicles using twice as much diesel as petrol

BRADFORD: Vehicles in the UK are using twice as much diesel as petrol, figures show. Consumption of diesel reached a record 24.6 million tonnes last year compared with 12 million tonnes of petrol, according to the Department for Transport (DfT). The data was published a day after Chancellor Philip Hammond ...

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Russia remains biggest supplier of crude oil to China

BEIJING: Russia held its position as China’s top crude oil supplier for the eighth month in a row in October, customs data showed on Friday. Shipments from Russia in October hit 4.649 million tonnes, or around 1.095 million barrels per day (bpd), according to the detailed breakdown of commodity trade ...

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Shell Joins Automakers to Offer Charging Stations Across Europe

Royal Dutch Shell Plc is linking up with some of the world’s biggest carmakers to expand its electric-vehicle charging business in Europe as it prepares for life beyond oil. The second-biggest oil company has agreed with IONITY – a Munich-based venture between BMW Group, Daimler AG, Ford Motor Co. and ...

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Tesla builds world’s largest battery

MELBOURNE: Tesla has built the world’s largest battery in less than 100 days, with founder Elon Musk tweeting his congratulations Thursday to the company team behind the effort. Congratulations to the Tesla crew and South Australian authorities who worked so hard to get this manufactured and installed in record time! ...

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Bank of England pay gap caused by shortage of women

LONDON: The Bank of England has defended its efforts to boost diversity despite unveiling a gender pay gap of 21%. While the Bank’s male and female staff are paid the same, the higher proportion of men in senior positions means there is a gap in the average hourly earnings. On ...

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RBS Government stake sell-off to restart within 18 months

MANCHESTER: The Government is dusting off plans to re-privatise taxpayer-backed Royal Bank of Scotland with the aim of selling £15 billion of its shares by 2023. It plans to restart share sales in RBS by the end of the 2018-19 financial year and sell off £3 billion a year over five years – around ...

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Crackdown over misleading claims on broadband speeds

LONDON: Home broadband providers must soon ensure that at least 50% of their customers can achieve advertised speeds at peak time under a crackdown to prevent misleading claims. Current standards allow firms to advertise “up to” speeds as long as they are available to a minimum of just 10% of ...

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Skype joins list of apps on China blacklist

SHANGHAI: Skype has apparently joined the lengthening list of internet communication tools on China’s blacklist, with Apple saying Wednesday it was ordered to clear its download store of apps that violate national laws. Skype is no longer available for download on the China Apple Store or Android sites, with Chinese web-users saying ...

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Two Britain-based EU agencies to be relocated to Amsterdam, Paris

uk

BRUSSELS: After hours of fierce bargaining and compromising, ministers of 27 European Union (EU) members voted on Monday to relocate Britain-based European Medicines Agency (EMA) and the European Banking Authority (EBA) to Amsterdam and Paris respectively. Amid a lingering deadlock of Brexit talks, Monday’s relocation is largely seen as an ...

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