Friday, 14 December 2018

Business

Pakistan, Asian Development Bank sign $284m loan, grant deals

ISLAMABAD: The Pakistani government and the Asian Development Bank (ADB) signed loan and grant agreements worth $284 million to improve Pakistan’s power transmission network. The agreement was signed by ADB Country Director for Pakistan Ms Xiaohong Yang and Secretary of the Economic Affairs Division Mr Noor Ahmed at a ceremony ...

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At least $9bn in insurance claims from California wildfires

LOS ANGELES: Insurance claims from the recent devastating California wildfires that killed at least 89 people and destroyed 19,000 homes and businesses have reached at least $9 billion, the state’s insurance commissioner said Wednesday. “The devastating wildfires of 2018 were the deadliest and costliest wildfire catastrophes in California’s history,” said ...

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Google CEO reveals why Trump pops up in ‘Idiot’

SPUTNIK: Pictures of the US president have consistently been turning up in Google search results for the word “idiot” since at least the summer of 2018. Google’s CEO was summoned to the US Congress to explain to Democratic Representative Zoe Lofgren why this happens. Google CEO Sundar Pichai explained at ...

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EU-Japan deal to come into force in February

BRUSSELS-Sputnik: The trade agreement between the European Union and Japan will come into effect in February 2019, European Commission Spokesperson for Trade and Agriculture Daniel Rosario said in his twitter account on Wednesday. “EU-Japan trade agreement on track to enter into force in February,” Rosario said. The trade agreement between ...

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Canadian judge grants bail to Huawei executive

VANCOUVER: A Canadian judge granted bail Tuesday to a top Huawei executive after her arrest on a US warrant, in a case that has frayed relations between the North American allies and China. Meng Wanzhou, Huawei´s chief financial officer, is wanted by US authorities for violating Iran sanctions but Beijing ...

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South Korean coffee imports likely to contract

SEOUL: South Korea is expected to import less coffee for the first time in six years in 2018 as demand for the beverage has been hit by sluggish economic growth, market watchers here said. In the January-October period, total imports of coffee stood at 121,019 tons, down 1,103 tons from ...

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Chinese court bans iPhone sales in patent dispute

BEIJING/WASHINGTON: A Chinese court ordered a ban in the country on iPhone sales in a patent dispute between US chipmaker Qualcomm and Apple, according to a Qualcomm statement. The statement said the Fuzhou Intermediate People’s Court had granted Qualcomm’s request for two preliminary injunctions against four subsidiaries of Apple, ordering ...

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Eni must improve safety at Arctic oilfield, Norway watchdog

OSLO: Italian oil company Eni must do more to improve safety at its Arctic Goliat oilfield, which produces up to 100,000 barrels of crude per day, Norway’s oil safety watchdog said. The world’s northernmost oilfield has suffered a number of incidents since it started production in March 2016. While previous ...

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ECB set to remove support as clouds gather

FRANKFURT: Policymakers at the European Central Bank will remove a key pillar of their support for the eurozone economy as planned, even while offering a gloomier outlook for the coming years, analysts expect. But with financial markets in turmoil over risks in Europe and beyond – from Brexit to an ...

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