02142016Sun
Last update: Sun, 14 Feb 2016 12am

Business & Finance - Industries & Sectors

Greek industrial output rises 5.2pc in December ATHENS: Greek industrial output rose 5.2 percent in December compared to the same period in 2014, after an upwardly revised 2.0 percent increase in the previous month, statistics service ELSTAT said on Tuesday.Manufacturing production rose 3.3 percent from the same month a year earlier, ELSTAT said. Mining output increased by 9.6 percent, while electricity production rose 11.3 percent.The reading showed the 12-month-to-December industrial output index expanded by 0.6 percent compared to the same period in 2014. Copyright Reuters, 2016


Business & Finance - Banking & Finance

BoE's Cunliffe says housing shortage a vulnerability for UK LONDON: Britain's lack of housing makes the economy particularly vulnerable to build-ups of mortgage debt, Bank of England deputy governor Jon Cunliffe said on Tuesday. "To the extent we can solve that underlying structural problem, and bring a balance between demand and supply then yes, it takes away this underlying vulnerability for the economy," Cunliffe said in a question and answer session at a conference hosted by the British Property Forum. "But the Bank can't ...

Business & Finance - Industries & Sectors

BA goes head to head with Ryanair with new Stansted routes LONDON: British Airways said it would begin flying from Stansted Airport, establishing a presence at London's No.3 airport for the first time and bringing it into direct competition with budget carrier Ryanair on leisure routes. BA, owned by International Airlines Group, said on Tuesday that from May it would fly to Faro in Portugal, as well as Ibiza, Malaga and Palma in Spain, from 49 pounds ($71) one way. The full-service operator, which provides complimentary ...

Business & Finance - Industries & Sectors

Facebook's India stumble could embolden other regulators SINGAPORE/MUMBAI: India's decision to effectively ban Facebook's pared-back free Internet service is a major blow to the social network's plans, and may prompt other regulators to demand equal online access for their users. Facebook will have to reconsider its approach in the light of India's new rules preventing Internet service providers from having different pricing policies for accessing different parts of the Web, analysts said."This is a major setback for Facebook," said Naveen Menon, lead ...

Business & Finance - Industries & Sectors

Instagram rolls out ‘Multiple Accounts Switching’ for iOS Instagram, Facebook’s photo and video sharing platform has now officially announced to provide support for switching between multiple accounts in its iOS app, without the hassle of users requiring to log out and log back in.According to AppAdvice, Instagram was reportedly testing the feature on Android with members of its Instagram beta test group, Last November. The photo- sharing website than expanded those tests to another platform, indicating that the company is likely preparing to ...

Business & Finance - Banking & Finance

Deutsche Bank says has cash to pay risky debts FRANKFURT: Deutsche Bank, Germany's biggest lender, has felt compelled to reassure investors that it has sufficient cash to pay its riskiest debts, as banking shares around the world take a hammering on slowdown fears.In a short statement late Monday, the bank -- whose shares have plummeted by nearly 40 percent since the beginning of the year -- said that it has more-than-sufficient means to pay coupons on its riskiest debt both this year and next ...

Business & Finance - Industries & Sectors

Google’s Pichai the highest paid CEO in US Sundar Pichai, the boss of Google is all set to become one of the world’s highest paid executive, after its parent company Alphabet granted the CEO an equity award worth $199 million.According to Bloomberg, Pichai, who is Google’s chief executive officer, received 273,328 Class C shares on Feb. 3 from the company, which will vest in quarterly increments through 2019 if he remains in the office, according to a securities filing by Alphabet.According to the ...