Asda stores all set to welcome Eid

SUPERMARKET chain Asda has said that all its stores are decked up with Eid delights as the festival is just around the corner. Asda has food items in stock, including food packs, from brands including KTC, Laila, Rubicon, Cofresh, Elephant Atta, Tilda, East End, Kohinoor, TRS and more, a statement said. “Eid is all about […]

Deloitte comment sheds light on ‘governance concerns’ at Stanlow oil refinery

THE critical statement from accounting giant Deloitte has highlighted the governance concerns at Stanlow oil refinery, which supplies a sixth of the country’s road fuel, as well as Manchester and Liverpool airports, reports said. In the statement written in October, the firm said it quit as auditor to the parent company of the ailing refinery […]

UK airline stocks cushioned by hopes for big June travel restart

BRITISH airline stocks lost ground on Monday (10) after the government set out a limited reopening of travel, but losses were cushioned by hopes that a bigger take-off would be on the cards for June. British Airways-owner IAG, easyJet, Jet2 and TUI were all down between 2-3 per cent as they traded for the first […]

EU and India agree to restart trade talks at ‘landmark’ summit

The EU and India agreed on Saturday to relaunch long-stalled trade talks in a major push to boost ties at a video summit held under the shadow of the Covid-19 pandemic battering the south Asian giant. “The EU and India are opening a new important chapter in our relationship. We are the world’s two largest […]

Sanjeev Gupta may save Liberty Steel with £200m loan from White Oak

BRITAIN’s third largest steel business may avoid collapse as owner Sanjeev Gupta is close to securing a £200 million loan from a private firm. Gupta, who is currently in Dubai,  has agreed on financing terms for Liberty Steel UK with White Oak Global Advisers, which is also providing fresh funding for the Australian arm of […]

Sanjeev Gupta secures new funding deal for Whyalla steelworks

STEEL tycoon Sanjeev Gupta’s GFG Alliance has struck a new funding deal with a Californian investment firm. The deal with White Oak Global Advisors has come on the eve of a court case to wind up the steeelmaker’s operations in Australia. Moreover, GFG Alliance’s new funding firm’s UK arm aims to “eliminate unnecessary paperwork, policies, […]

ArcelorMIttal says March quarter was the strongest in a decade as it posts $2,285m net income

WORLD’s largest steelmaker ArcelorMIttal on Thursday (6) posted a net income of $2,285 million for the first quarter ended March 31, 2021. The company had reported a net loss of $1,120m in the year-ago quarter, a statement said. It posted sales of $16,193 million, higher from $14,844 million in the year-ago quarter. “ArcelorMittal recorded net […]

The future of work is flexibility, says Google’s Pichai as the firm moves to ‘hybrid work week’

TECH GIANT Google has said that it will move to a hybrid work week, where most employees spend around three days in the office and two days ‘wherever they work best’. According to a note by Google and Alphabet CEO Sundar Pichai, about 20 per cent of company’s workforce will continue to work remotely after […]

Oxford Nanopore bosses become richer after the latest funding round valuing the firm at £2.48bn

THE total worth of Oxford Nanopore bosses is now more than £70 million after the latest investment round which valued the Covid mutation tracking firm at around £2.48 billion. Oxford Nanopore had raised £195m in fresh cash from backers including Temasek, Wellington Management, M&G Investments and Nikon, reported The Telegraph. Dr Gordon Sanghera, Dr Spike […]

Infosys to hire 1,000 workers in UK

IT firm Infosys on Tuesday (4) said it plans to hire 1,000 workers in the UK over the next three years as part of efforts to support the country’s economic recovery and growth. The new hires will work in the digital space, including cloud computing, data and analytics, artificial intelligence, open source technologies and enterprise […]

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