Monday, 20 August 2018

Business

RAF jets escort Ryanair flight to Stansted airport after security alert

BEDFORDSHIRE: A Ryanair passenger jet was escorted into Stansted airport by two RAF fighter jets after a suspected hoax security alert. Flights were temporarily grounded at the hub as the plane was redirected from its route between Kaunas in Lithuania and Luton airport in Bedfordshire. Essex police took over the ...

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Amazon Must Pay $295 Million in Back Taxes, EU Says

BRUSSELS: Amazon has to pay $295 million in back taxes to Luxembourg, the European Union ordered Wednesday, in its latest attempt to tighten the screws on multinationals it says are avoiding taxes through sweetheart deals with individual EU states. Margrethe Vestager, the EU official in charge of antitrust issues, also ...

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Vijay Mallya Arrested In UK In Money Laundering Case

LONDON: Liquor baron Vijay Mallya was arrested in London for the second time this year, in a case of money laundering. Mr Mallya is out on bail after his arrest in April following India’s extradition request. The 61-year-old tycoon, who has been staying in the UK for over a year ...

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Up to 1200 Prague taxi drivers protest against Uber

PRAGUE: Up to 1200 taxi drivers participated in a protest against their rival Uber ride-hailing service by blocking the main access roads to and from the international airport in Prague on Monday, David Bednar, from the Association of Czech Taxi Drivers, has told CTK. The taxi drivers, who launched their ...

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France is banning Photoshop images of models in adverts

PARIS: The fact that the photographs we see of models in magazines and on billboards are usually digitally-enhanced is a societal norm we have come to accept. However, in France, this will no longer be the case. In a bid to tackle misleading promotions, French advertisers will now be fined ...

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Dubai to officially launch its own cryptocurrency

DUBAI is developing a new sovereign cryptocurrency called emCash. Emcredit, a subsidiary of Dubai Economy, and UK-based Object Tech Group will work together to establish contactless payments. The partnership is part of the Dubai Economy Accelerators umbrella and will entail the development and implementation of emCash, an encrypted cryptocurrency, which ...

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UK minister urges Boeing to hold talks to end Bombardier dispute

MANCHESTER: Boeing needs to get around the table with Bombardier to thrash out a solution to its trade dispute that has put thousands of jobs at risk in Northern Ireland, the British minister for the region said. James Brokenshire told his Conservative Party’s annual conference that Boeing’s role in getting ...

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Dyson to make electric cars from 2020

  LONDON: Dyson, the engineering company best known for its vacuum cleaners and fans, plans to spend £2bn developing a “radical” electric car. The battery-powered vehicle is due to be launched in 2020. Dyson says 400 staff have been working on the secret project for the past two years at ...

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Uber chief to meet TfL official in London for talks on ban

The new chief executive of Uber will visit London on Tuesday for talks with the UK capital’s transport authority after it said it would revoke the car-hailing app’s licence to operate in one of its most important markets. Dara Khosrowshahi, who took over from Travis Kalanick at the end of ...

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Purplebricks UK revenue to more than double in first half

LONDON: AIM-listed hybrid estate agency Purplebricks said on Friday that UK revenue for the first half is expected to have more than doubled compared to the previous year following “strong” progress across the business since May. In an update for the period from 1 May to 28 September, the company ...

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