Friday, 18 January 2019

Business

Richard Thaler Wins Nobel for Work in Behavioral Economics

STOCKHOLM: The Nobel prize in economics has been awarded to Richard Thaler of the University of Chicago for research showing how people’s choices on economic matters – whether on savings or game shows like “Deal or No Deal” – are not always rational. The 9-million-kronor ($1.1-million) prize was awarded to ...

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Ryanair’s operations chief to step down after cancellation meltdown

LONDON: The chief operations officer of Ryanair has announced plans to leave his post at the end of October amid a cancellation spree affecting thousands of the company’s flights. Company officials said Saturday that Michael Hickey will still have an “advisory role” after he steps down following decades with the ...

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McDonald’s is testing a vegan burger

FINLAND: McDonald’s has just announced a new addition to its burger lineup: The McVegan. But before vegans in the United States get too excited, they should know that they’ll have to fly overseas to give it a taste. 100% vegaaninen McVegan vain 3 €, saatavana Tampereen McDonald’s-ravintoloista huomenna 4.10. klo ...

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RBS Head Says Banks Need Brexit Transition Details by Early 2018

MANCHESTER: Royal Bank of Scotland Group Plc Chairman Howard Davies said details of a post-Brexit transitional deal with the European Union need to be outlined in the next five months to stop more financial-services jobs from leaving London. “If there are no details by the first quarter of next year, ...

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Old £1 coins will be worthless in a week

LONDON: Old £1 coins will no longer be accepted to make purchases after 15 October. The new-look 12-sided quid will be the only valid £1 coin from next Sunday so any old £1 coins lying around in sofas or piggy banks around the UK need to be spent before then. ...

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Netflix is raising prices again

NEW YORK: Netflix said that it’s raising the prices of its US-based streaming plans – a move that could disappoint some fans even as it helps support the costly original programming that’s made the service so popular in recent years. The cost of the streaming video giant’s basic plan, at $8 a month, ...

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Standard Chartered under probe

LONDON: Financial watchdogs in Europe and Asia are investigating Standard Chartered Plc over the transfer of US$1.4 billion (S$1.91 billion) of private bank client assets from Guernsey to Singapore ahead of new tax transparency rules, according to a source familiar with the matter. The Monetary Authority of Singapore (MAS) and ...

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Food safety probe extends to Scunthorpe chicken factory

BRADFORD: The Food Standards Agency (FSA) has extended its investigation into alleged safety failures by the 2 Sisters poultry group to the company’s Scunthorpe factory on the Foxhills Industrial Estate. The move follows an initial inspection by the FSA into the hygiene and labelling concerns raised by an undercover investigation ...

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Map reveals dire extent of London’s toxic air

LONDON: Air quality is dangerously poor in every London borough, with all 8.6 million people living in the capital exposed to toxic levels of pollution, a new map shows today. More than nine in ten Londoners live in areas where superfine PM2.5 particles exceed World Health Organization guidelines by more ...

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UK house prices hit their highest on record

LONDON: The average UK house price hit £225,109 in September – its highest on record, according to a closely-watched survey. Halifax’s house price index showed prices grew at their fastest rate since February in the three months to September, rising 1.4 per cent on the previous three months. On an ...

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