Thursday, 21 January 2021

Reuters

Tesco to repay £585 mil in virus business rates relief

LONDON: Tesco, Britain’s biggest retailer, said it will repay £585 million of Covid-19 pandemic business rates relief it received from the government as some of the risks of the crisis were behind it. Britain’s supermarket groups have performed well during the pandemic but have been criticised by lawmakers and media ...

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Bitcoin price drops more than $1,000 in Asian trade

HONG KONG/ TOKYO: Bitcoin hiccoughed in Asian trading on Thursday to at one point stand more than 6% down on the day after failing to make record highs. Bitcoin, the world’s biggest and best-known crypto-currency, was last trading around $17,700, having lost more than $1,000 since its previous close. “With ...

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Morgan admits uncertainty over England’s best T20 side

CAPE TOWN: England captain Eoin Morgan says he does not know his best XI going into the three-match Twenty20 International series against hosts South Africa that starts at Newlands on Friday. England have a full-strength squad to choose from for the first time this year and Morgan admits there is ...

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New York closes schools as Europe virus deaths rise

NEW YORK: New York announced Wednesday it would close schools to battle a rise in coronavirus infections as the death rate in Europe surged and protests against restrictions turned violent. The toughened measures in America s most-populous city came despite Pharma giant Pfizer boosting hopes of a possible end to the ...

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United States to slash troop levels in Iraq, Afghanistan

WASHINGTON: Donald Trump vowed that he will sharply reduce the number of US forces deployed in Afghanistan from 4,500 to 2,500 by mid-January, the Pentagon announced on Tuesday, but did not commit to a full withdrawal from the country’s longest war after facing fierce criticism from at home and abroad. ...

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Emergency declared in Spain; global virus cases soar

MADRID: Spain declared a national state of emergency to tackle a second coronavirus wave as the World Health Organisation reported a third straight day of record new infections across the world. The WHO has warned that some countries are on a “dangerous track”, with too many witnessing an exponential increase ...

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Amazon refuses to appear before Indian parliamentary panel on data privacy

NEW DELHI: Representatives of Amazon.com Inc in India have refused to appear before a parliamentary panel reviewing the country’s privacy bill, an Indian lawmaker said, an allegation the U.S. commerce giant said was a result of a misunderstanding. Meenakshi Lekhi, head of a parliamentary panel which is reviewing the Indian ...

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Jet Airways resolution plan approved by creditors

MUMBAI: Creditors to India’s Jet Airways have approved a resolution plan which will give country’s oldest private carrier a new lease of life, the airline said in a regulatory filing. The resolution plan submitted by a consortium of London-based Kalrock Capital and UAE-based businessmen Murari Lal Jalan was approved on ...

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BoE asks banks how ready they are for sub-zero rates

LONDON: The Bank of England asked banks on Monday how ready they are for zero or negative interest rates, following up its announcement last month that it was considering how to take rates below zero if necessary. Other central banks have pushed rates into negative territory in an attempt to spur ...

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