Friday, 22 February 2019

Business

Hyundai demos first ever ‘walking car’

LONDON: Moving away from self-driving cars, Hyundai showed off a concept of its first ever ‘walking car’ that can walk or even climb over stairs or rough terrain. At the CES 2019 tech show, automobile manufacturer Hyundai revealed a small scale design concept and prototype of its Elevate, an electric ...

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Calls for Huawei boycott get mixed response in Europe

LONDON: Europe is giving US-led calls for a boycott of Huawei 5G telecoms equipment a mixed reception, with some governments untroubled by spy suspicions against the Chinese giant, but others backing a ban. In the latest setback for the company, Huawei said Saturday it had fired an employee in Poland ...

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LG Electronics wins 132 awards at CES

SEOUL: LG Electronics Inc., one of the leading home appliance manufacturers in the world, said that it received a total of 132 awards at this year’s Consumer Electronics Show (CES) in Las Vegas. It said that its products received the much coveted CES top innovation title announced by the Consumer ...

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Vodafone says to cut up to 1,200 jobs in Spain

MADRID: Vodafone said it planned to cut up to 1,200 jobs in Spain as it streamlines its organisation to cope with a drop in revenue and profits in a fiercely competitive telecommunications market. In a statement, the group said it would kick off consultations with worker representatives at the end ...

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China-Russia trade volume tops $100b

BEIJING: Trade volume between China and Russia exceeded 100 billion U.S. dollars by mid-December 2018, a record high, the Ministry of Commerce (MOC) announced Thursday. Sino-Russia trade growth outpaced those between China and its other major trade partners, according to MOC spokesperson Gao Feng, calling 2018 a “genuinely fruitful year” ...

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Amazon CEO Bezos and wife to end 25-year marriage

SAN FRANCISCO: Amazon CEO Jeff Bezos, who is the wealthiest man in the world, said that he and his wife are divorcing after 25 years of marriage. “After a long period of loving exploration and trial separation, we have decided to divorce and continue our shared lives as friends,” he ...

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Iran, India move closer on trade as EU stalls

Iran will boost trade with India as the European Union struggles to find a way to circumvent a fresh US embargo on Tehran, Iranian Foreign Minister Javad Zarif said. Brussels is working on a payment mechanism to keep financial transactions flowing with Iran, after the US ditched the 2015 nuclear ...

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German airports strike slashes 600 flights

BERLIN: Almost 640 flights were cancelled in Germany Thursday as security staff went on strike at three airports, meaning disruption for around 100,000 passengers. The number of flights blocked was more than half the 1,050 planned for Duesseldorf, Cologne-Bonn and Stuttgart. Duesseldorf — the country’s third-largest airport — said in ...

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