Saturday , June 23 2018
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UK

Youtube offers creators new ways to earn money

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San Francisco :YouTube, often criticized for not compensating creators well enough, will allow them to set up paid channel memberships, the company said on Thursday. Currently the vast majority of revenue at the Google-owned service comes from advertising and that will remain a focus, said Neal Mohan, YouTube’s chief products officer. “But we also want to think beyond ads. Creators ... Read More »

Brexit deal: ‘Meaningful vote’ battle to resume in Lords

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LONDON: The battle over Parliament’s say in the Brexit process between MPs, peers and ministers resumes in the Lords later. Peers will vote on an amendment forcing ministers to consult Parliament in the event of there being no deal. Theresa May avoided defeat on the issue last week but rebels say concessions made by Downing Street are “valueless”. MPs overturned ... Read More »

UK store debenhams suffers share price collapse

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London :British department store chain Debenhams warned on profits Tuesday, sparking a slump in its share price and compounding the gloom for large UK retailers. Debenhams said that annual profits were expected to miss expectations, blaming falling sales, fierce competition and weak consumer spending. The news sent Debenhams’ share price tumbling 20 percent in morning deals. “Against a background of ... Read More »

European stock markets slump at open

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London :Europe’s main stock markets slumped at the start of trading on Tuesday, mirroring heavy losses across Asia on global trade war fears. Shortly after the open, London’s benchmark FTSE 100 index had tumbled 1.1 percent to 7,551.4 points compared with the close on Monday. In the eurozone, Frankfurt’s DAX 30 shed 1.7 percent to 12,622.20 points and the Paris ... Read More »

British engine maker Rolls-Royce cutting 4,600 jobs

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London :Rolls-Royce, the British maker of plane engines, said Thursday that it plans to cut 4,600 mainly British jobs by 2020, adding to thousands of cuts already announced in recent years. “Rolls-Royce announces the next stage in our drive for pace and simplicity with a proposed restructuring that will deliver improved returns, higher margins and increased cash flow,” the group ... Read More »

European stock markets drop at open 14 june 2018

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London :Europe’s main stock markets slid at the start of trading on Thursday, with London’s benchmark FTSE 100 index down 0.6 percent to 7,658.53 points. In the eurozone, Frankfurt’s DAX 30 shed 0.7 percent to 12,806.07 points and the Paris CAC 40 lost 0.6 percent to 5,420.39, compared with the closing levels on Wednesday. Thursday’s weak open followed similar losses ... Read More »

UK pushes forward with ‘Aramco’ listing rule

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Uk: The UK Financial Conduct Authority (FCA) said it had addressed investor concerns with clauses that relate to disclosure and the appointment of independent directors. A Saudi Aramco listing in London would be huge boon for Britain’s financial services sector as it faces the threat of losing key occupiers to rival European financial centers in the run-up to Brexit next ... Read More »

Stocks markets rise before Trump-Kim Summit

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London :Global equity markets rose Monday as traders brushed off a chaotic G7 meeting to focus instead on US President Donald Trump’s upcoming summit with North Korean leader Kim Jong Un. Investors were also on tenterhooks ahead of this week’s European Central Bank and Federal Reserve interest rate decisions. Stock prices mostly rose despite a contentious Group of Seven (G7) ... Read More »

UK firms to reveal boss-staff pay gaps under draft law

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LONDON: Companies listed in Britain will be required to reveal the gap between the salaries of their chief executives and employees under draft legislation introduced in parliament on Monday. All public companies with more than 250 employees will have to disclose and explain every year their “pay ratios” under legislation planned to come into effect from January 2019. “Most of ... Read More »

Stock markets slide ahead Of G7 summit 08 june 2018

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London:World stock markets slumped on Friday before a Group of Seven summit that could see world leaders clash with US President Donald Trump over his latest tariff moves. European stock indices were down across the board following a slump in Asia — and after a week of largely strong gains in the wake of robust US jobs data and easing ... Read More »

Bonjour, Alexa: amazon digital assistant heads to France

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San Francisco :Amazon on Wednesday announced that its digital assistant Alexa is heading for France in Echo voice-commanded speakers as of next week. Software developers have created an array of “skills” for Alexa-infused devices tailored for French users, according to the US internet giant. “Tens of millions of customers around the world are already using Alexa, and today we’re excited ... Read More »

European markets rise in early deals 07 june 2018

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London :Europe’s stock markets mostly rose in early deals, with London opening late due to a technical glitch. In initial trade, the British capital’s benchmark FTSE 100 index rose 0.5 percent to 7,751.39 points, in a delayed opening that followed initial technical problems. In the eurozone meanwhile, Frankfurt’s DAX 30 added 0.4 percent to 12,884.77 points and the Paris CAC ... Read More »

European stock markets climb at open 04 june 2018

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Uk :European stock markets climbed at the open on Monday, with London’s benchmark FTSE 100 index up 0.2 percent to 7,718.90 points. In the eurozone, Frankfurt’s DAX 30 gained 0.9 percent to 12,839.44 points and the Paris CAC 40 won 0.6 percent to 5,497.74 compared with Friday’s closing levels. Read More »

European stocks bounce on Italy deal as US jobs boost dow

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Uk:European stock markets rallied Friday after Italy reached a coalition deal while US stocks rose on strong jobs data as global investors brushed aside trade war fears — for now. Milan’s stock market was up around 1.5 percent at the close, with other European bourses not far behind. “With Italian coalition confirming its cabinet selections and averting fears of a ... Read More »

European stock markets extend recovery 31 may 2018

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Uk :Europe’s main stock markets rose at the open on Thursday, extending a slight recovery after a rout at the start of the week caused by Italy’s political upheaval. London’s benchmark FTSE 100 index climbed 0.2 percent to 7,701.33 points compared with the close on Wednesday. In the eurozone, Frankfurt’s DAX 30 gained 0.1 percent to 12,796.16 points and the ... Read More »

European stock markets halt sharp losses at open 30 may 2018

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Uk :European stock markets largely steadied at the open on Wednesday following the previous session’s sharp losses triggered by political turmoil in Italy. London’s benchmark FTSE 100 index was fractionally lower at 7,633.72 points, having shed 1.3 percent Tuesday. In the eurozone, Frankfurt’s DAX 30 dropped 0.2 percent to 12,693.33 points and the Paris CAC 40 lost 0.3 percent to ... Read More »

Marks & Spencer says annual profits tumble on restructuring

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London:British clothing-to-food retailer Marks & Spencer reported a collapse in annual net profits on Wednesday, hit by a costly restructuring. Bottom-line net profit tumbled almost 80 percent to �24.7 million ($33 million, 28 million euros) in the group’s financial year to March 31, M&S said in a statement. That compared with profit after taxation of �117.1 million a year earlier. ... Read More »

Britain’s supply of electric cars at risk from brexit: think-tank

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UK:Britain risks a shortage of electric cars after Brexit as carmakers will lose an incentive to sell low-emission vehicles there, a Brussels-based think-tank warned. Because British sales will no longer count towards carmakers’ EU carbon dioxide targets, they may choose to sell to other European countries instead, the Transport and Environment (T&E) group warned. Britain was the third largest market ... Read More »

UK retail sales rebound strongly in April

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London:British retail sales jumped far more than expected in April, rebounding from a slump the previous month caused by “Beast from the East” freezing weather. “The quantity bought in April increased by 1.6 percent as all sectors, excluding department stores, recovered from the declines seen in March” when sales slumped 1.1 percent, the Office for National Statistics (ONS) said in ... Read More »

UK set to demand EU repayment in brexit satellite row reports

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London:Britain was on Thursday set to demand the European Union repay 1 billion ($1.34 billion, 1.14 billion euros) if it is excluded from the Galileo satellite project post-Brexit, according to newspaper reports. Britain’s Department for Exiting for the European Union was expected Thursday to release a report on the satellite navigation project, and Brussels’ decision to deny London access to ... Read More »