Wednesday, 8 April 2020

Business

India agrees to export malaria drug after Trump threat

AFP – File PhotoNEW DELHI: India on Tuesday announced to ease restrictions on export of a malaria drug seen as a potential coronavirus treatment, after US President Donald Trump hinted at “retaliation”. Citing domestic needs, India banned on Saturday exports of hydroxychloroquine which has shown early promise against COVID-19 in ...

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China sold nearly 4 billion masks abroad

BEIJING: China has sold nearly four billion masks to foreign countries since March, officials said Sunday, as they tried to stem widespread fears over the quality of medical exports. Despite Chinese cases dwindling, Beijing has encouraged factories to increase production of medical supplies as the pandemic kills over 60,000 globally ...

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Instagram restricts offensive captions to curb hate speech, abusive conduct

LONDON: Facebook-owned Instagram, after giving its users power to restrict bullies on its platform, has now announced to extend its anti-bullying tool to hurtful captions on photos and videos. Instagram is using Artificial Intelligence (AI) to detect bullying and other types of harmful content in comments, photos and videos, and ...

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ECB’s De Guindos says Catalonia ought to stay within Spain

MADRID: European Central Bank vice president Luis de Guindos expressed support for Spanish unity on Friday, after being asked about the prospect of Catalonia’s indepentist parties allying with Spain’s minority leftwing coalition. “The best for Catalonia, Spain, and Europe would be for Catalonia to continue forming part of Spain,” De ...

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Oil prices hit highest in 3 months

LONDON: Oil prices extended gains on Friday, scaling three-month highs as the United States and China moved closer to a resolution to the 18-month trade war between the world’s two biggest economies that has raised big questions about global demand for crude. Brent futures climbed 43 cents, or 0.7%, to ...

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Twitter plans to build ‘decentralized standard’

Twitter Inc plans to set up an independent research group to create an “open and decentralized” system for social networks, CEO Jack Dorsey said on Wednesday, which could relieve pressure on the company to appease critics of its content policies but also give rise to a new crop of competitors. ...

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Texas on track to complete fewer oil and gas wells in 2019

TEXAS is on track to complete fewer oil and gas wells this year, the state regulator said in a statement, as companies tighten spending to adjust to lower oil prices and a push from investors to focus on returns. The state’s oil and gas regulator has processed 8,629 well completions ...

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US, Mexico, Canada to sign deal finalizing trade agreement

MEXICO CITY: The United States, Mexico and Canada are expected to sign a deal finalizing their new trade agreement, capping more than two years of negotiations and paving the way to ratification. Mexican President Andres Manuel Lopez Obrador, who will chair a meeting of officials from the three countries at ...

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Apple buys world’s first carbon free aluminum for its devices

LONDON: Apple Inc has placed an order for the first ever batch of commercially available carbon free aluminum ever made. The tech giant is expecting delivery of the metal this month. The aluminum is being made by a new Montreal-based company called Elyxis, which is a joint venture between Alcoa ...

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OPEC seeks crude quota compliance

VIENNA: OPEC countries were to meet again here after they failed to agree on output cuts that could stem price pressure from abundant reserves and weak global economic growth. Saudi and Venezuelan oil ministers voiced confidence that the 14-member Organization of the Petroleum Exporting Countries would strike deals on an ...

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