A buyer for British Steel is welcome but what’s Jingye’s strategy? | Nils Pratley | Business

Half the woes for steelmakers in Britain derive from dumping into world markets by Chinese producers, or so we have been told for a couple of decades. So it is a strange sort of rescue for British Steel that ownership should pass to a little-known Chinese conglomerate, Jingye, offering a vague promise to invest a […]

Continue Reading
Qantas to launch London-Sydney test flight despite new sustainability pledge

Qantas to launch London-Sydney test flight despite new sustainability pledge

Final preparations are under way for Qantas’ London-Sydney nonstop test flight, which is happening the same week as the airline announces its commitment to becoming more sustainable and cutting carbon emissions. On Thursday 14 November Qantas is making its second ever direct flight between the two cities – the first happened 30 years ago. In 1989, the […]

Continue Reading

UK GDP: Economy avoids recession despite weakest growth in a decade – business live

Britain’s economy grew by 0.3% in the last quarter, after shrinking in Q2, but annual growth slowed to just 1% Latest: UK economy grew 0.3% in the last quarter But annual growth is weakest since 2010 Service sector grows, but manufacturing stagnates Moody’s has threatened to downgrade UK credit rating 12.34pm GMT Back in the […]

Continue Reading
UK avoids falling into recession but Brexit uncertainty hits economic growth

UK avoids falling into recession but Brexit uncertainty hits economic growth

The UK has avoided falling into a recession after the economy eked out 0.3 per cent growth in a sluggish third quarter of the year marred by Brexit uncertainty and a global slowdown. Economists had forecast 0.4 per cent growth, partly thanks to a temporary lift from companies stockpiling goods ahead of Boris Johnson’s “do-or-die” Brexit […]

Continue Reading

ARZAN WEALTH Successfully Sells Another Property from “Single Tenant Portfolio” In USA

Dubai, United Arab Emirates, 11 November 2019-(AETOSWire) – Arzan Wealth (DIFC) Limited (‘Arzan Wealth’), a Dubai-based advisory firm regulated by the Dubai Financial Services Authority, is pleased to announce that it has successfully advised its clients on the sale of a fourth property (“The Property”) from the Single Tenant Portfolio in USA. The Single Tenant […]

Continue Reading
Motherson Sumi Q2 profit rises 3.6% YoY on lower tax cost, operating income beats estimates

Motherson Sumi Q2 profit rises 3.6% YoY on lower tax cost, operating income beats estimates

Auto ancillary company Motherson Sumi Systems has reported a 3.6 percent year-on-year growth in Q2 FY20 net profit due to lower tax cost while operating performance was ahead of analyst estimates. As a result, the stock rallied 3.7 percent intraday on November 11. Consolidated profit increased to Rs 384.6 crore against Rs 371.07 crore in the […]

Continue Reading
Infosys looking to beef up whistleblower probe; insider trading not suspected

Infosys looking to beef up whistleblower probe; insider trading not suspected

Infosys is talking to law firms JSA Law and Khaitan & Co with a view to appointing one or both to strengthen the investigation into allegations by whistleblowers against top company executives, people familiar with the development told Moneycontrol. Infosys also wants to put an end to the recurring problem of whistleblower allegations becoming a public spectacle […]

Continue Reading

Gambling firms criticised for ‘enticing’ loss-making customers | Society

Betting firms are recruiting specialist staff to lure high-spending “VIP” customers who lose significant sums of money, prompting concerns about the industry’s commitment to promote safer gambling, say experts. VIP schemes have been cited in a succession of cases in which addicts were showered with free gifts as they racked up thousands of pounds of […]

Continue Reading

Bidding for ‘milestone’ sale of Aramco shares set for next week | Business

Bidding for shares in the world’s most profitable company will start in a week’s time, it has been announced, as Saudi Aramco fleshed out its plans for a much-delayed float expected to be the largest in history. The oil company, which is owned by the autocratic Gulf state, said it would take bids for its […]

Continue Reading