Tuesday, 25 June 2019

Business

Daimler to recall 60,000 Mercedes diesels in Germany

FRANKFURT: Daimler must recall 60,000 Mercedes diesel cars in Germany after regulators found that they were fitted with software aimed at distorting emissions tests, the Transportation Ministry said. The model affected is the Mercedes-Benz GLK 220 produced between 2012 and 2015. Daimler confirmed that the recall was ordered on Friday ...

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Exxon Mobil seeks bids for Norwegian offshore assets

OSLO: Exxon Mobil is considering selling all of the stakes it holds in oil and gas fields off the Norwegian coast, a spokeswoman said. Two years ago the U.S. major – the world’s largest oil company – sold its operated assets in the area. But it has retained stakes in ...

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Qatar-Pakistan signs 3 MoUs

Ministerial delegations of Qatar and Pakistan headed by Emir of Qatar and Prime Minister Imran Khan respectively, signed Memorandums of Understanding (MOUs) over matters of mutual interest. Emir of Qatar Sheikh Tamim bin Hamad Al Thani arrived in Pakistan at the Nur Khan air base this evening on an official two day visit along with a high-powered delegation ...

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UK Business Interested In Increasing Presence In Russian Market: Putin

LONDON: UK business is interested in expanding its presence in the Russian market, Russian President Vladimir Putin said expressing hope that there would be relevant reaction from the UK authorities. “UK business wants to work and expand its presence in the Russian market. I hope that the political leadership of ...

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London Mayor Sadiq Khan unveils electric van

LONDON Mayor Sadiq Khan has unveiled an electric van that could play a major role in cutting emissions in the city. The van, designed by the London Electric Vehicle Company, aims to provide a low-emission option for delivery drivers. There are currently 65,000 small van journeys in London every day. ...

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Southeast Asian Leaders Throw Weight Behind China-led Trade Pact

China's Foreign Minister Wang Yi (6th from L) poses with (L to 5th L) Laos' Minister of Foreign Affairs Saleumxay Kommasith, Malaysia's Foreign Minister Saifuddin Abdullah, Myanmar's Union Minister for the Office of the State Counsellor U Kyaw Tint, Thailand's Foreign Minister Don Pramudwinai, Vietnam's Deputy Prime Minister and Foreign Minister Pham Binh Minh, (6th R to R) Singapore's Minister for Foreign Affairs Vivian Balakrishnan, Philippines' Foreign Affairs Secretary Alan Peter Cayetano, Brunei's Second Minister of Foreign Affairs and Trade Erywan Yusof, Cambodia's permanent representative to the Association of Southeast Asian Nations Kan Pharidh, Indonesia's Foreign Minister Retno Marsudi, and ASEAN Secretary General Lim Jock Hoi during a bilateral meeting at the 51st Association of Southeast Asian Nations (ASEAN) Ministerial Meeting in Singapore on August 2, 2018. / AFP PHOTO / ROSLAN RAHMAN / “The erroneous mention[s] appearing in the metadata of this photo by ROSLAN RAHMAN has been modified in AFP systems in the following manner: [adding identity of Cambodia's permanent representative to the Association of Southeast Asian Nations Kan Pharidh]. Please immediately remove the erroneous mention[s] from all your online services and delete it (them) from your servers. If you have been authorized by AFP to distribute it (them) to third parties, please ensure that the same actions are carried out by them. Failure to promptly comply with these instructions will entail liability on your part for any continued or post notification usage. Therefore we thank you very much for all your attention and prompt action. We are sorry for the inconvenience this notification may cause and remain at your disposal for any further information you may require.

BANGKOK: Southeast Asian leaders gathered in Bangkok on Saturday determined to drive forward the world’s largest commercial pact, with the trade war between the US and China clouding the outlook for their export-led economies. Disputes in the flashpoint South China Sea, Myanmar’s persecution of Rohingya Muslims and plastic pollution in the seas are also set to be discussed at the two-day Association ...

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Apple recalls Macbook Pros over battery fire risk

SAN FRANCISCO: Apple has recalled a number of its older generation MacBook Pro because their batteries may overheat and “pose a fire safety risk.” The recall affects 15-inch MacBook Pros with Retina displays sold between September 2015 and February 2017, the company said, adding it would replace batteries free of ...

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Vodacom unit to sell operations in four African markets

ANGOLA: South African mobile phone operator Vodacom Group Ltd on Friday said it has entered an agreement to sell its Business Africa unit’s Angolan operations and assets to Internet Technologies Angola for an undisclosed amount. Separately, Vodacom, which is majority owned by Vodafone Group Plc, also announced an agreement to ...

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Dell, HP, Microsoft, Intel oppose tariffs on laptops, tablets

WASHINGTON: Dell Technologies Inc, HP Inc, Microsoft Corp and Intel Corp opposed U.S. President Donald Trump’s proposal to include laptop computers and tablets among the Chinese goods targeted for tariffs. Dell, HP and Microsoft, which together account for 52% of the notebooks and detachable tablets sold in the United States, ...

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Oracle shares rise; quarterly profit beats estimates

Oracle Corp beat fourth-quarter revenue and profit estimates, as the business software maker benefited from demand for its on-premise IT, cloud services and license support businesses, sending its shares up as much as 7% in extended trading. Revenue from its cloud license and on-premise license businesses rose 12% to $2.52 ...

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