Washington to impose additional Russian sanctions on Monday following Novichok attack US sanctions on Russia, retaliation for the Salisbury nerve agent attack, are to take effect on Monday. Washington announced that it is to limit foreign assistance to humanitarian means only, terminate arms exports and prevent the issuance of credit from any US government entity. Items deemed sensitive to national security are also to be prevented [...]
Ryanair will charge you for 10kg hand luggage from November Ryanair passengers will have to make do with one item of carry-on baggage from November – unless they want to pay. The reason behind the move is "to eliminate boarding/flight delays", according to the budget airline. Nevertheless, passengers will have to pay £6 to add a 10kg cabin bag to their carry-on, with tickets otherwise [...]
Petrofac sells North Sea interest as it retreats from oil production August 24, 2018 Petrofac abandoned another attempt at oil production today, agreeing to sell its interest in a North Sea field. The company is to hand back its 20 per cent share of the venture in Greater Stella Area to the operator, Ithaca Energy, for $292m (£227.79m). Ithaca, subsidiary of Israel-listed Delek, has cemented its hold in the region [...]
Chinese behemoth Alibaba hails significant revenue hike, despite profit blip August 23, 2018 Alibaba today bolstered its position as China’s largest online retailer, revealing revenue growth of 61 per cent for its first quarter. The group published an income of 80.9bn yuan (£9.2bn) in the three months ending June, marginally ahead of forecasts, and an increase in customers on the Taobao shopping platform as 576m people flocked to the website and app, up four [...]
US-China trade war: Markets feel the strain as new tariffs take hold August 23, 2018 Fresh tariffs were accompanied by a war of words between Washington and Beijing today as the superpowers' trade war threatened to escalate. Previously announced tariffs of 25 per cent applying to $16bn (£12.5bn) worth of Chinese goods came into force today, met with equivalent retaliatory measures. China has introduced duties on 333 American products, including coal, steel products [...]
World Bank issues first blockchain bond in £56m innovation push August 23, 2018 The World Bank is to settle its very first public blockchain bond next week. The instruction will see the bank use blockchain technology to carry out the entire issuance process, removing any manual involvement. Priced at AU$100m (£56.65m), the so-called Bondi (standing for Blockchain Operated New Debt Instrument) security will be managed by the Commonwealth of Australia Bank. The [...]
Ryanair shares take flight after airline reaches agreement with Forsa trade union to end Irish pilots strike action August 23, 2018 Ryanair confirmed this morning that it has reached an agreement in its dispute with its Irish pilots. Shares in the airline rose 5.5 per cent at morning trading to 14p in response to the news, with the announcement a potential turning point in ongoing industrial action that has grounded flights across the summer period. Irish [...]
Target hits the bull’s-eye with highest same-store sales growth in 13 years August 22, 2018 Target has bucked the retail trend to publish strong sales growth today, reporting same-store sales that were higher than any it recorded in the past 13 years. The New York-listed retailer, the second largest in the US, saw same-store sales grow 4.9 per cent year-on-year in the three months ending early August, with the company crediting increasing [...]
