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Banking 22 Nov 2017 | 5:35 PM

UK to sell RM82bil RBS shares to boost government coffers

LONDON: Britain will reprivatise bailed-out lender Royal Bank of Scotland by selling £15bil (RM82bil) of shares, according to budget documents released on Wednesday, in a boost to finance minister Philip Hammond’s coffers.

TECH 23 Mar 2017 | 1:00 AM

Canada seeks to end Uber's tax advantage over taxi companies

The new national budget unveiled by Canadian Prime Minister Justin Trudeau's Liberal government took aim at ride-sharing providers such as Uber Technologies Inc looking to end a tax advantage they have over traditional taxi companies.

Business 23 Mar 2017 | 12:50 AM

Breakfast briefing: Thursday, March 23 (Update)

Breakfast briefing: Thursday, March 23

Living 24 Jan 2017 | 5:01 AM

The case for factory-built houses

The Industrialised Building System is the way forward for the construction industry.

Economy 24 Nov 2016 | 10:45 PM

British Chancellor Hammond chooses his battle - fixing weak productivity

LONDON: In 2011, early in his time as Chancellor, George Osborne said he would revive British manufacturing as he promised "a march of the makers" to rebalance the economy. This week, Osborne's successor Philip Hammond staked out his own priority: turning around Britain's long-standing productivity problem to meet the challenges of leaving the European Union.

Corporate News 13 Oct 2016 | 12:07 AM

UK house prices rise for second month in Sept, London weak

LONDON: British house prices rose for a second month in September and enquiries from buyers picked up for the first time since February, suggesting the housing market has weathered the initial shock of the Brexit vote, a survey showed.

World 09 Sep 2016 | 9:56 PM

Britain should make up its mind on start of Brexit talks - Eurogroup head

BRATISLAVA (Reuters) - Britain must make up its mind on the start of formal divorce procedures with the European Union as its economy stands to lose the most from the prolonged uncertainty, the head of euro zone finance ministers Jeroen Dijsselbloem said on Friday.

World 09 Sep 2016 | 9:02 PM

Zimbabwe public workers reject government job cuts plan

HARARE (Reuters) - Zimbabwe's main public service union on Friday rejected government plans to cut 25,000 jobs and suspend annual bonuses, saying that would hurt workers already struggling to make ends meet.

Business 05 Sep 2016 | 12:00 AM

UK economy will suffer after Brexit vote, says May

HANGZHOU: Britain’s economy will suffer as a result of the decision to leave the European Union despite signs in recent economic data that the impact has not been as severe as some predicted, Prime Minister Theresa May said.

Economy 10 Aug 2016 | 10:15 PM

US government posts $113 billion deficit in July

NEW YORK: The U.S. government posted a $113 billion budget deficit in July, a 24 percent drop from the same month last year, the Treasury Department said on Wednesday.