Saturday, 19 January 2019

Business

Sainsbury’s profits fall 9% in first half

Sainsbury’s said like-for-like sales had risen in the third quarter, but profits were hit by wage inflation. Like for like sales (excluding fuel) rose 1.6 per cent in the 28 weeks to the 23 September, the retailer said today, with underlying group sales rising 17 per cent to £16.3bn. But ...

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Driverless bus in crash after two hours on road in Las Vegas

LONDON: A driverless shuttle was involved in a crash with a truck on the first day of operation in Downtown Las Vegas on Tuesday. Keolis, the company that helped build the shuttle, says that the crash was in a minor accident and that damage to both vehicles was cosmetic. The driver ...

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Nutella faces boycott from customers after tweaking recipe

BERLIN: It’s the gloopy chocolate and hazelnut spread that has become a worldwide food phenomenon, whether slathered on toast or eaten straight from the jar by the spoonful. But aficionados of Nutella are up in arms after discovering that the recipe has been secretly changed, with more sugar and fat ...

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Siemens to Equip Solar Farms in Pakistan and Brazil

RIO DE JANEIRO: Siemens AG (SIE.XE) on Tuesday said that it will install electrical systems for two solar farms, one in Pakistan and the other in Brazil.  e larger of the two photovoltaic plants will have a capacity of around 100 megawatts and be located in Bahawalpur, eastern Pakistan. The ...

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Emirates hits milestone with delivery of 100th Airbus A380

DUBAI: Emirates celebrated the milestone delivery of its 100th Airbus A380 aircraft at a special ceremony with Airbus at the manufacturer’s delivery centre in Hamburg the other day. ““This is a tremendous moment for Emirates We have been able to utilise it at slot-constrained airports, as well as at regional ...

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Toyota seeks more investments in Israeli auto tech, robotics

TEL AVIV: Japan’s Toyota Motor Corp is seeking more investments in Israeli robotics and vehicle technologies after its venture arm led a $14 million investment in Intuition Robotics in July. The startup, which makes robots for the elderly, was the first Israeli investment for Toyota AI Ventures, a new $100 ...

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UK’s Aldermore agrees £1.1 billion takeover by FirstRand

South African lender FirstRand has agreed a £1.1 billion takeover of British banking newcomer Aldermore Group to boost its business in developed markets. The 313 pence per share offer represents a 22.3% premium to Aldermore’s closing price of 245 pence on October 12, the day before the companies announced they ...

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Jeff Bezos sells off a million Amazon shares for $1.1Billion

LONDON: The World’s Richest Person Amazon founder Jeff Bezos sold off another sliver of his stake in the company this week, as the stock soared to record levels. Shares in Amazon surged last week, putting the price above $1,100 for the first time ever. The increase came as the tech ...

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