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Bridging The Gap
Saudi Aramco chooses hybrid sukuk structure for first debt issue Saudi Aramco chooses hybrid sukuk structure for first debt issue
DUBAI: Saudi Aramco has chosen a commonly used hybrid structure for a domestic offer of riyal-denominated Islamic bonds that will be the state-owned oil giantís first debt sale, the prospectus for the offer showed. The debt issue is part of the state-owned oil giantís plans to develop new sources of finance in an era of low oil prices. They include what could be the biggest ever stock market li...
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Google promises to take action on 'hateful' content Google promises to take action on 'hateful' content
Google has responded to major companies withdrawing online adverts by promising to take "a tougher stance on hateful, offensive and derogatory content". Philipp Schindler, the firm's chief business officer, said Google would also tighten advertising safeguards. He added that as well as removing content, its YouTube team would revisit the guidelines on allowable videos. The move came after sever...
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Peugeot 'set to unveil deal to buy GM's Opel on Monday' Peugeot 'set to unveil deal to buy GM's Opel on Monday'
France's PSA Group, maker of Peugeot and Citroen cars, has reached a deal with General Motors to buy its Opel and Vauxhall brands, according to reports. PSA's board agreed the deal on Friday, and an official announcement is planned for Monday, said Reuters, citing unnamed sources. News that the two companies were in talks emerged last month raising fears that the deal could lead to job losses. ...
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Peugeot 'set to unveil deal to buy GM's Opel on Monday' Peugeot 'set to unveil deal to buy GM's Opel on Monday'
France's PSA Group, maker of Peugeot and Citroen cars, has reached a deal with General Motors to buy its Opel and Vauxhall brands, according to reports. PSA's board agreed the deal on Friday, and an official announcement is planned for Monday, said Reuters, citing unnamed sources. News that the two companies were in talks emerged last month raising fears that the deal could lead to job losses. ...
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Waterstones under fire for secret shops Waterstones under fire for secret shops
Waterstones, the UK's leading bookshop chain, is on the defensive after going incognito at some of its newer stores. The firm has opened three shops that do not feature its distinctive branding, prompting accusations of deception. They are Southwold Books in Suffolk, The Rye Bookshop in East Sussex and Harpenden Books in Hertfordshire. But Waterstones' chief executive, James Daunt, told that th...
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Bank of England admits to trace of animal fat in UK pound notes; Hindu groups say their values have been compromised Bank of England admits to trace of animal fat in UK pound notes; Hindu groups say their values have been compromised
London: Bank of England has admitted that there is a trace of tallow (animal fat) in UK pound notes, as per a media report. As per India Today, the polymer pellets used in the base substrate of the polymer has animal fat. Tallow gives a smooth finish to the note. The bank has reportedly claimed that it was not aware of the presence of 'animal-derived products' when it signed the contrac...
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Can your smartphone make you a safer driver? Can your smartphone make you a safer driver?
Tudor Cobalas nearly crashed his car while driving and texting on his phone. It was this near-death experience that inspired him to turn the smartphone from a weapon of mass distraction into a tool for safer driving. Mr Cobalas, 30, from Romania, developed SafeDrive, an app that rewards drivers for ignoring their phones while driving. Once a driver exceeds 6mph (10kmh), the app launches a "Rele...
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Nikkei ends the week at an 11-month high Nikkei ends the week at an 11-month high
Tokyo's main share index the Nikkei 225 index closed at an 11-month high on Friday. And again it's the sharp drop in the yen that's being given the credit - making exports more competitive and profitable. So why is the yen dropping? Well it's one of a string of currencies that has fallen against the dollar - on predictions that we'll see a US rate rise by the end of the year,...
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Nationwide customers 'spending £54,000 per minute' Nationwide customers 'spending £54,000 per minute'
Nationwide customers have been taking part in this year's Black Friday feeding frenzy, spending £33.9m between midnight and 10:00 am today, a spokesman said - working out at about £54,000 per minute. More than 630,35 transactions took place in this period, up about 62% on a normal Friday and 40% more than last Black Friday, he said. Nationwide head of payments Paul Horlock said: "Everyone lo...
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Real sinks Real sinks
Brazilís currency has lost 2% in value against the dollar in todayís trading. Analysts say investors are seeking protection against a new crisis in the government of President Michel Temer. Last night, a former minister accused Mr Temer of pressuring him into helping another minister in a personal business deal. Brazilís currency had already lost about 8% of its value this month after the elec...
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