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Author Archives: Sahar

Apple already planning the next version of TV

LONDON: Apple will begin production of the fifth generation Apple TV in early 2016, according to DigiTimes, citing supply chain sources. Apple launched the fourth generation TV, which has a larger focus on iPhone-like apps, in October this year. The new model will be faster, likely in an effort to make the experience — which includes gaming — smoother. To ... Read More »

Cost of UK business trips drop 8.5%

LONDON: The average cost of a business trip in the UK and Ireland dropped 8.5 per cent for Q3 2015. According to research from Carlson Wagonlit Travel the average cost of a trip is £424.60, a decrease compared to the same period last year. The hotel average room rate reduced by 2.1 per cent and travellers are paying 6.1 per ... Read More »

Mobile Embrace launches UK database, which includes details for 43m consumers

LONDON: Mobile Embrace has expanded its UK performance marketing operations with the launch of one of the largest consumer databases in the United Kingdom, which includes details for 43 million consumers. THE database is made up of opted in consumers, meaning the consumers have given full permission to receive information from potential marketers. This adds significant value to the database, ... Read More »

India paid Rs 10,772 crore to import pulses in 2015

NEW DELHI: India has imported 22.37 lakh tonnes of pulses valued at $1,612 million (Rs ​10772.9 crore) till September in the current financial year, Parliament was informed on Monday. During the April-September period, maximum inward shipments of lentils came from Canada at 9.30 lakh tonnes, followed by 5.52 lakh tonnes from Myanmar and 2.23 lakh tonnes from Australia. According to ... Read More »

Former AFL player expanding $17m business to UK

LONDON: Former AFL player Fergus Watts is taking his sponsorship management and marketing company Bastion Collective to the United Kingdom in a bid to replicate what he has been able to build in Australia. Bastion Collective, which operates a number of subsidiaries specialising in everything from reputational management to merchandising, is on track to turn over around $17 million by ... Read More »

Microsoft laid off 30 people working on HoloLens in Israel

LONDON: Microsoft has laid off 30 employees who were working on HoloLens, the augmented reality headset, in Israel, with 30 more being relocated within the company, the Israeli news site Ynet reports. According to Ynet, the 60 jobs come from engineering, meaning they were directly involved in the design and production of the headset. It’s unclear where the 30 who ... Read More »

UK shop prices fall by record amount in 2015

LONDON: Shop prices slumped by a record level last month, driven down by the supermarket price war and fierce competition across the rest of the high street, a report said. The British Retail Consortium-Nielsen Shop Index said retail prices fell 2.1% in the year to November compared with a year ago, a joint low with March this year. The fall ... Read More »

Germany’s unemployment rate unexpectedly drops to record low

BERLIN: Germany’s unemployment rate unexpectedly dropped to a record low in a sign that robust domestic demand is bolstering confidence in the growth prospects for Europe’s largest economy. The jobless rate fell to 6.3 percent in November, the lowest level since German reunification, from 6.4 percent the previous month, data from the Federal Labor Agency in Nuremberg showed on Tuesday. ... Read More »

Electric Ireland landed £500,000 contract to supply power to west Belfast firm Delta Packaging

DUBLIN: Electric Ireland has landed a £500,000 contract to supply power to west Belfast firm Delta Packaging. Delta, founded by Terry Cross and employing 250 people in west Belfast, makes packaging for firms including McDonald’s, Kellogg’s and KFC. The deal worth £500,000 will see Electric Ireland supply the equivalent electricity needed to power 1,500 homes. Delta has invested around £40m ... Read More »

Aryzta revenue grows by 6.1% to €995m

DUBLIN: The company was boosted by increased first quarter sales in Ireland and the UK against a backdrop of more muted consumer sentiment across Europe. The group’s revenues climbed 6.1% in the 13 weeks to the end of October, made up of currency movements of 5.8% and acquisition growth of 0.7% which offset negative underlying growth of 0.4%. In Europe, ... Read More »

Mobile Embrace launches UK database for 43m consumers

LONDON: MOBILE Embrace has expanded its UK performance marketing operations with the launch of one of the largest consumer databases in the United Kingdom, which includes details for 43 million consumers. THE database is made up of opted in consumers, meaning the consumers have given full permission to receive information from potential marketers. This adds significant value to the database, ... Read More »

India can immediately begin uranium import

NEW DELHI: India can begin import of uranium from Australia immediately, Foreign Minister Julie Bishop has said, days after prime ministers of the two nations announced the completion of procedures necessary for a landmark bilateral nuclear deal. The Australia-India nuclear cooperation agreement permits Australian companies to commence commercial uranium exports to India and provides the framework for “substantial new trade ... Read More »

DRI busts clove oil import racket

AMSTERDAM: The Ahmedabad zonal unit of Directorate of Revenue Intelligence (DRI) unearthed a multi-crore racket of illegal imports of clove oil by fraudulently declaring it as eugenol. The DRI sleuths have found that two importers based in Noida and Ghaziabad in UP had imported clove oil worth Rs 1.85 crore by claiming it as eugenol and had evaded customs duty ... Read More »

Delta Lloyd plans to raise $1.06b in rights offer

AMSTERDAM: Delta Lloyd NV plans to raise as much as 1 billion euros ($1.06 billion) in a rights offer as the Dutch insurer seeks to improve its capital to meet new regulatory standards. The shares dropped. “We realize this is a very substantial capital raise,” Chief Executive Officer Hans van der Noordaa said in a statement on Monday. “But after ... Read More »

Manchester’s links with Germany, USA driving international business traveller growth

DUBLIN: That’s according to new research from Deloitte, Manchester Airports Group (MAG) and inward investment agency MIDAS. The sixth wave of international business traveller research, which monitors trends and changes in inbound business traveller behaviour at Manchester Airport, indicated that over a third of those who travel here on business come from either Germany or the USA. Just short of ... Read More »

Investors terrified by ‘Third Wave’ of financial crisis

LONDON: FTSE 100 money manager Aberdeen Asset Management released its final results and the big takeaway is that investors are terrified by the possibility of an Asian and emerging market crash. First, the good bits: Aberdeen’s revenue is up 5% to £1.16 billion ($1.74 billion), underlying profit is up £1.3 million ($1.95 million) to £491.6 million ($739.1 million), and dividend ... Read More »

Weakening UK trade puts the brakes on GDP drag on growth

LONDON: The UK economy has slowed after poor overseas trade figures put a record drag on growth, leaving household spending to drive the recovery and casting further doubt on George Osborne’s hopes that strong tax receipts will help him hit ambitious budget targets. Official figures confirming that GDP growth slipped in the third quarter came alongside a warning from a ... Read More »

Oleg Safonov says Turkey’s annual revenues from Russian tourists stood at $10b

ANKARA: Turkey’s annual revenues from Russian tourists stood at $10 bln, Head of the Federal Agency for Tourism (Rostourism) Oleg Safonov said. “More than 4.400 mln Russian tourists used to visit Turkey each year while the country’s annual revenues from them stood at around $10 bln,” Safonov said, adding that the country will “obviously not be receiving those funds anymore.” ... Read More »

Unilever sets 100% renewable energy target

AMSTERDAM: Unilever Plc. Announced that it would stop using coal energy by 2020, and planned to use only renewable energy by 2030. Unilever’s comments came ahead of United Nations climate change conference in Paris, which is slated to begin from Nov. 30. Unilever, along with 80 other companies, signed a pledge last month to reduce greenhouse gas emissions to tackle ... Read More »

Freedom Finance becomes Zmarta group and Entersthe German market

BERLIN: Zmarta Group will be the new corporate name of the company group including brands such as Zmarta and Freedom Finance, who have offered loan brokering services since 1999. Zmarta Group also expand their operations to Germany, as well as broadening their service offer to include comparison and brokering services related to savings, credit cards and insurance. In 2013, Zmarta ... Read More »