Wednesday, 23 October 2019

Business

Huawei launches foldable 5G Mate X

SHANGHAI: Huawei Technologies Co Ltd launched its foldable 5G Mate X smartphone on Wednesday, starting pre-sales for the device in China on the same day. Huawei announced the smartphone’s launch on its official Weibo account. The much-touted foldable 5G Mate X was originally set for a June launch but Huawei ...

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High hopes as Dubai marks one-year countdown to Expo 2020

DUBAI: Fireworks exploded over Dubai’s skyline on Sunday to mark the one-year countdown to Expo 2020, a big-budget global trade fair the glitzy emirate’s rulers hope will restore its flagging fortunes. Megastar Mariah Carey headlined at a concert underneath the illuminated Burj Khalifa, the world’s tallest building, where thousands gathered ...

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Two Million Barrels Of Oman Blend Crude Sold At DME Auctions

DUBAI: Oman’s Ministry of Oil and Gas, MOG, has sold a cargo of Oman blend crude via DME Auctions, achieving once again a premium above the official selling price, OSP, that reflects the current market in the middle East and Asia. The two-million-barrel cargo of December-loading Oman Blend crude was ...

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British Pound falls after MPs delay key Brexit vote

LONDON: The British pound fell against the dollar after currency markets opened in Asia early, following a delay to a crucial Brexit vote and a new request to extend the deadline from October 31. The currency opened down 0.6% at $1.2915, after closing just below $1.30 mark, according to Reuters. ...

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Marcus says Libra won’t be controlled by a single company

WASHINGTON: Facebook executive David Marcus tried to calm the fears of officials threatening to block its proposed digital currency, saying Libra won’t be controlled by a single company. The head of Facebook’s Libra currency project sought to address the main issue raised by France’s Economy Minister Bruno Le Maire: the ...

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Thai tourism hotspot braces for rare slump

PHUKET: Hotels on Thailand’s most popular holiday island have been forced to slash prices with rooms left vacant and beaches sparse as tourist chiefs struggle with a plunge in Chinese visitors caused by the US trade war and a stronger baht. Located on the Andaman Sea and known for its ...

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World’s longest commercial flight makes history

SYDNEY: Qantas chief executive Alan Joyce says airline passengers will be able to exercise mid-air if non-stop flights from New York to Sydney become a reality. The Australian airline moved a step closer to realising its ambitions of launching ultra-long-haul travel after the world’s longest commercial flight successfully touched down ...

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IMF urges reforms of global trade system

WASHINGTON: The International Monetary Fund welcomed signs of a de-escalation in US-China trade tensions but said an urgent updating of trade rules was needed to restore strong growth to the global economy. Managing Director Kristalina Georgieva said she was encouraged by news of a tentative trade deal reached by Washington ...

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ASX shares extend falls

Australian shares ended lower for the second straight session as investors took money off the table after a recent rally and weak economic growth data out of China took a toll on energy stocks. The S&P/ASX 200 index closed 0.5% lower at 6,649.70, but managed to tack on 0.6% for ...

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