Sunday, 16 December 2018

Business

Scottish unemployment rate falls to lowest level in 42 years

EDINBURGH: Scotland’s jobless total fell by 7,000 in the three months to July, to stand at 102,000. The unemployment rate fell by 0.3% from the previous quarter to reach 3.8% – below the UK figure of 4.3%. The number of people in work rose by 60,000 to 2,587,000, according to ...

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Pilgrim’s Pride to pay $1 billion for UK unit of parent JBS

SAO PAULO: Brazil’s JBS SA agreed on Monday to sell a British poultry unit to U.S. subsidiary Pilgrim’s Pride Corp for $1 billion (759.01 million pounds), preserving revenue in more profitable activities abroad as the world’s biggest meatpacker faces a corruption scandal at home. In a statement, Pilgrim’s Pride said ...

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Google appeals against EU’s $2.7 bn antitrust fine

LONDON: Google has appealed against the record $2.7 billion antitrust fine imposed by the European Union (EU) back in June for breaching its rules by abusing the monopoly it enjoys over internet search. The Luxembourg-based general court, Europe’s second-highest, is expected to take several years before ruling on Google’s appeal, ...

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McDonald’s denies using french fry ‘trick’ to fool customers

LONDON: A couple of McDonald’s employees on Reddit are claiming their managers had asked them to “pinch” the fry cartons to make them appear fuller, but McDonald’s isn’t buying it. “We believe these claims to be fictional,” said McDonald’s in a statement. “There are no ‘secret tricks’ and we have ...

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iPhone X: Here is everything that has been leaked

After months of leaks, rumours and anticipation, the iPhone X, earlier known as the iPhone 8 or the iPhone Edition, is about to be unveiled tomorrow at the Steve Jobs Theater in Cupertino at 10 am PDT (10:30PM IST). Apple is set to unveil three new models tomorrow – a ...

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London stays world’s top finance centre despite Brexit

FRANKFURT/ LONDON: London remains the globe’s most attractive financial centre, extending its lead over New York despite Britain’s looming departure from the European Union, a survey found on Monday. Britain’s departure from the trading bloc has led to some politicians and economists predicting London will lose its pre-eminent status as ...

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China to ban production of petrol, diesel cars soon

BEIJING: China’s Ministry of Industry and Information Technology is developing a time frame for ending the construction and sale of fuel cars as it makes the transition to electric vehicles (EVs), according to state media citing a Cabinet official. Deputy industry minister Xin Guobin said at an auto industry forum ...

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China bans imports of soft European cheese

PARIS: Soft European cheese has fallen on hard times in China. Customs officials have banned a host of soft, mould-ripened cheese for containing “too much bacteria”, with authorities reportedly alarmed the mould contained colonies of bacteria that had not been officially approved. The ban mainly affects French and Italian cheese, ...

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Student invents clothes that grow

A 24-year-old graduate student has created clothes for infants that “grow” as the child does, sparing parents from having to buy new garments every few weeks. Ryan Yasin invented the material while studying at the Royal College of Art and is now using it to launch a clothing range called Petit ...

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Poland threatens to block part of EU-Canada trade deal

POLAND is threatening to block a part of the EU’s trade deal with Canada because of its concerns over a planned mechanism for resolving disputes between governments and multinational companies. How to enshrine investor protection in trade agreements has become an increasingly vexed question for the EU. Traditional tribunal systems ...

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