Saturday, 27 November 2021

Business

UK economy “resilient” despite £122bn hit to finances

The UK economy is forecast to be £122bn worse off by 2020 than previously thought, the Autumn Statement shows. Chancellor Philip Hammond also said growth predictions had been cut as a result of the Brexit vote but vowed to make the UK economy “resilient”. As widely expected, he unveiled a ...

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UK’s Supermarket prices ‘to rise by 5%’

LONDON: Prices in the UK’s supermarkets will rise by at least 5% over the next six months, according to the former boss of Sainsbury’s. Justin King thinks that, after years of the cost of the weekly shop barely moving, we should expect to see inflation return. Mr King told Newsnight ...

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UK patients might have to show ID to access some NHS services

LONDON: Officials are examining whether patients should have to show ID to get some elements of NHS care. The Department of Health said it is looking into some methods that are already being employed across some parts of the NHS to claw back money from foreign NHS users. Chris Wormald, ...

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Apple to swap ‘faulty’ iPhone 6S batteries

NEW YORK: Apple says it will replace the batteries on some models of the iPhone 6S that could unexpectedly shut down, but pose no safety risk. The company says the smartphones affected were manufactured between September and October of last year. If your phone is affected, Apple will swap in ...

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Facebook to Open New London HQ, Create 500 New UK Jobs

LONDON: Facebook will open a new London headquarters next year and create another 500 jobs, the leading social network said Monday, despite uncertainty over Brexit. The group said the move will take its UK workforce to 1,500 staff, adding that Britain “remains one of the best places to be a ...

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Infrastructure key to UK’s first post-Brexit budget

LONDON: Britain’s first post-Brexit budget will focus on infrastructure and could spell an end to the previous government’s rigid fiscal targets, according to a treasury statement released Sunday. The budget will be new finance minister Philip Hammond’s first set-piece since replacing George Osborne who resigned following the June vote. Under ...

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Asia-Pacific leaders defend trade against Trump tide

LIMA: Asia-Pacific leaders are expected to send a strong message in defense of free trade Sunday as they wrap up a summit that has been overshadowed by US President-elect Donald Trump’s protectionism. The broad consensus at the Asia-Pacific Economic Cooperation (APEC) summit, which features some of the world’s most powerful ...

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Sri Lanka stabilising after $1.5 billion bailout: IMF

COLOMBO:  Sri Lanka’s economy has begun to stabilise after securing a $1.5 billion bailout earlier this year, but the island needs to build its dwindling foreign reserves, the IMF said Saturday. The Washington-based International Monetary Fund said it had just concluded its first review of Sri Lanka’s economy after announcing ...

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Beware: WhatsApp group video-calling invite is a scam!

PARIS: WhatsApp rolled out video-calling feature for Android, iOS and Windows users earlier this week. The feature was long anticipated and can be downloaded via update available to all users. However, the rollout of this popular feature has led to scamsters circulating malicious links inviting people to download video-calling. Interestingly, ...

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