Sunday, 21 October 2018

Business

UK’s Fox insists Britain can make trade deals outside EU

Britain could “simply replicate” its trade deals outside the European Union, said International Trade Secretary and leading advocate of Brexit Liam Fox. Speaking ahead of a meeting with the World Trade Organisation in Geneva on Thursday, Fox repeated his assertion that the UK could not leave the EU and remain ...

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Qatari banks sell its loans in the UAE

UAE banks are buying up loans that Qatari banks – Doha Bank and Barwa Bank – extended to UAE companies, banking sources told Al Arabiya. In the UAE, Doha Bank – one of the largest Qatari commercial banks – has branches in Dubai and Abu Dhabi and a representative office ...

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BBC under fire for gender pay gap as top salaries revealed

Britain’s public broadcaster BBC came under fire on Wednesday for its gender pay imbalance after it was forced to reveal how much it pays its top-earning talent. For the first time in its 94-year existence, the BBC was this year forced to release a list of its employees paid more ...

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UK now less appealing to rich Chinese

LONDON: The UK has slipped down the list of preferred destinations for Chinese millionaires considering moving overseas, a report suggests. While the US remains the favourite place to settle, Canada now ranks second pushing Britain into third spot. The survey found around half of those millionaires quizzed were mulling a ...

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Credit and debit card surcharges to be banned

LONDON: Consumers are no longer to be charged extra for paying by debit or credit card, the government has said. From January next year, businesses will not be allowed to add any surcharges for card payments. The worst offenders currently are airlines and food delivery apps, and small businesses which ...

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UK dividends up after boost from miners

LONDON: Mining company payouts have driven a turnaround in underlying UK dividend growth in the second quarter, prompting Capita to upgrade its forecasts for the year ahead. The quarterly UK Dividend Monitor report from Capita Asset Services showed dividends in the three months to June 30 hit £33.3bn – a record ...

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Pakistan is open for business, say big business entities in UK

LONDON: Pakistan Britain Business Council (PBBC) and its sister company Pakistan Scotland Business Council (PSBC) has signed a Memorandum of Understanding (MoU) with the London Chamber of Commerce and Industry (LCCI) to strengthen the links between the three organisations. All the big business entities present on the occasion said Pakistan ...

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As London squabbles, full Brexit talks start in Brussels

BRUSSELS: Britain’s Brexit minister vowed to “get down to work” as he kicked off a first full round of negotiations on Monday, but a year after Britons voted narrowly to quit the EU their government still seemed at odds over what it wants. “It’s time to get down to work ...

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Beleaguered Carillion wins HS2 rail contract

LONDON: Construction giant Carillion – which issued a profit warning this month as it grapples badly-performing contracts – is among the companies that have been chosen to build phase one of the HS2 rail line. The announcement injected some life back into the firm’s battered share price on Monday – ...

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