Tuesday, 1 December 2020

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Pound steady after EU Brexit extension

LONDON: The pound steadied versus the dollar and London’s stock market flattened on Monday after the European Union granted an extension to Brexit until the end of January. Around 1200 GMT, sterling was almost unchanged at $1.2826 compared with late in New York on Friday. London’s benchmark FTSE 100 stocks ...

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EU set to grant Brexit extension to UK

BRUSSELS: EU member states are expected this morning to grant an extension of Britain’s membership of the EU until 31 January next year. It is believed that the members states will give Britain the option to formally leave the bloc earlier if the Withdrawal Agreement is ratified before the end ...

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Thai tourism hotspot braces for rare slump

PHUKET: Hotels on Thailand’s most popular holiday island have been forced to slash prices with rooms left vacant and beaches sparse as tourist chiefs struggle with a plunge in Chinese visitors caused by the US trade war and a stronger baht. Located on the Andaman Sea and known for its ...

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US imposes record USD 7.5 billion tariffs on European goods

WASHINGTON: The United States imposed tariffs on a record USD 7.5 billion worth of European Union goods on Friday, despite threats of retaliation, with Airbus, French wine and Scottish whiskies among the high-profile targets. The tariffs, which took effect just after midnight in Washington (0401 GMT), came after talks between ...

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My family shares a special bond with Pakistan: Prince William

The Duke of Cambridge expressed his gratitude over the warm welcome he has received on his visit to Pakistan while addressing a ceremony at Pakistan Monument. For the ceremony, the prince wore a stylish sherwani by Naushemian and the princess donned a Jenny Packham outfit. The royal couple arrived at the ...

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World’s largest banks lagging in sustainable finance: WRI

WASHINGTON: Despite pressure from activists, investors and governments, the majority of world’s 50 largest banks have not made sustainable finance commitments to respond to the risks of climate change and continue to finance fossil fuels, according to new findings by the World Resources Institute released. WRI unveiled its new Green ...

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Tyler Cameron and Gigi Hadid is single again

LONDON: Tyler Cameron is a bachelor once more. A source close to the situation tells media that the former Bachelorette contestant is single. He and Gigi Hadid are no longer dating. Following Cameron’s stint on The Bachelorette — and a post-show drink with the season’s leading lady, Hannah Brown — ...

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British airports to introduce 3D screening for carry-on bags

LONDON: Putting small containers of liquids in plastic bags could soon be a thing of the past for airline passengers in Britain after the government announced plans Sunday to introduce 3D screening equipment for carry-on luggage at all major airports. Transport Secretary Grant Shapps said in a statement that the ...

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Victoria Secret’s Fashion Show canceled

LONDON: Victoria Secret angel Shanina Shaik has revealed that iconic Victoria Secret Fashion Show has been shelved for this year. “Unfortunately the Victoria’s Secret show won’t be happening this year,” Shaik told Daily Telegraph. The show, which has run for over 20 years, is working on its branding this year. ...

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Barclays takes out insurance policy to meet target

LONDON: Lower revenue and higher costs led to a 15% first-half drop in underlying pre-tax profit. The bank’s UK division faces tough times and will be less likely to offset dour performances in trading. CEO Jes Staley is pledging more cost cuts to hit a 9% annual return target. CONTEXT ...

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