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‘Ample time’ before next Bank of England rate move needed

‘Ample time’ before next Bank of England rate move needed

Even if British productivity did improve, it was unlikely to return to the annual growth rate of around 2% of before the financial crisis. LONDON: The Bank of England probably has “ample time” before it needs to consider raising interest rates again after its first hike in more than a decade in November, BoE policymaker […]

January 15, 2018 | By | Reply More
UK’s Guardian daily goes tabloid to cut costs

UK’s Guardian daily goes tabloid to cut costs

LONDON: Britain’s Guardian newspaper has adopted a new tabloid format and a re-designed masthead with simple black lettering from Monday as part of a drive to cut costs. The left-leaning newspaper previously had a blue and white masthead and in 2005 had adopted a Berliner format, midway between a broadsheet and a tabloid. “Our move […]

January 15, 2018 | By | Reply More
End of a chip boom? Memory chip price drop spooks investors

End of a chip boom? Memory chip price drop spooks investors

SEOUL: After a blistering year-and-a-half long surge, a sudden drop in some memory prices, followed by Samsung Electronics Co’s disappointing profit estimate, is causing jitters among investors who had bet the chip boom would last at least another year. Amid news that the market has started losing some steam – prices of high-end flash memory […]

January 15, 2018 | By | Reply More
Singapore central bank head hopes cryptocurrency tech will survive ‘crash’

Singapore central bank head hopes cryptocurrency tech will survive ‘crash’

Singapore central bank head hopes cryptocurrency tech will survive ‘crash’ Reuters SINGAPORE: The head of Singapore’s central bank said on Monday he hoped the technologies underpinning cryptocurrencies such as blockchain would not be undermined by an eventual crash in the digital money. The city-state has been positioning itself as a hub for fintech – or […]

January 15, 2018 | By | Reply More
Jaguar Land Rover to open R&D center for automated tech in Ireland

Jaguar Land Rover to open R&D center for automated tech in Ireland

LONDON: Britain’s biggest carmaker Jaguar Land Rover said on Monday it would open a software engineering center in Ireland, creating 150 jobs to work on advanced automated driving and electrification technologies. JLR said last year that all its new cars would be available in an electric or hybrid version from 2020 and is building its […]

January 15, 2018 | By | Reply More
Ford plans $11 billion investment, 40 electric vehicles by 2022

Ford plans $11 billion investment, 40 electric vehicles by 2022

DETROIT: Ford Motor Co (F.N) will significantly increase its planned investments in electric vehicles to $11 billion by 2022 and have 40 hybrid and fully electric vehicles in its model lineup, Chairman Bill Ford said on Sunday at the Detroit auto show. The investment figure is sharply higher than a previously announced target of $4.5 […]

January 15, 2018 | By | Reply More
South Korea says planned ban on cryptocurrency market not yet finalized

South Korea says planned ban on cryptocurrency market not yet finalized

SEOUL: South Korea said on Monday that its plans to ban virtual coin exchanges had not yet been finalized as government agencies were still in talks to decide how to regulate the market. “The plan to ban cryptocurrency exchanges, recently mentioned by the nation’s justice minister, is one measure in talks to curb speculative investments, […]

January 15, 2018 | By | Reply More
Pakistan aims to sell national airline before election

Pakistan aims to sell national airline before election

ISLAMABAD: Pakistan will try to privatize its national airline before general elections due this year, privatization minister Daniyal Aziz said, as the ruling party seeks to restart sales of state-run businesses. Pakistan International Airlines(PIA), hemorrhaging money and losing market share to Gulf-based rivals such as Etihad and Emirates, has been hit by management turmoil in […]

January 14, 2018 | By | Reply More
Softbank plans US$18billion IPO of mobile phone unit as soon as spring

Softbank plans US$18billion IPO of mobile phone unit as soon as spring

The listing would aim to give the mobile-phone unit more autonomy in a group that has become more of an international investment company in recent years. TOKYO: SoftBank Group Corp plans to list its core mobile-phone unit in Tokyo and overseas as early as this spring, raising some 2 trillion yen (US$18 billion) in one […]

January 14, 2018 | By | Reply More
After emissions scandal, Volkswagen on US comeback trail with all-new Jetta

After emissions scandal, Volkswagen on US comeback trail with all-new Jetta

After emissions scandal, Volkswagen on US comeback trail with all-new Jetta Reuters DETROIT: Volkswagen will launch an all-new Jetta compact car, its biggest seller in America, at the Detroit Auto Show on Sunday as the German carmaker looks to revive sales in the world’s second-largest auto market and move on from the emissions scandal that […]

January 14, 2018 | By | Reply More