Thursday, 18 October 2018

Business

Australia-Indonesia trade negotiations concluded

SYDNEY: Australia and Indonesia have concluded negotiating a free trade agreement and it will hopefully be signed this year, Australia’s trade minister said on Friday. The neighbouring countries have been in on-and-off negotiations since 2010, and their conclusion comes as new Australian Prime Minister Scott Morrison is scheduled to meet ...

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Malaysia’s Proton electric cars coming to Pakistan

KUALA LUMPUR: Malaysia’s automaker Proton Holdings planned to introduce its electric and other green-cars in Pakistan in partnership with a local car assembler in a deal touted to bring $200 to 300 million of investment in the country, people with knowledge of the matter said on Thursday. Industry officials said ...

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Apple to allow third-party authorised iPhone repairs

LONDON: In what might take the load off official Apple repair team and provide users with an alternative to get their damaged iPhones fixed, the tech giant has reportedly entered a deal with third-party reseller and service provider Simply Mac to offer authorized screen repairs. According to a 9to5 Mac ...

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Bitcoin Rises to Over $7,000

NEW YORK: Bitcoin’s price soared over the psychological level of $7,000. For most of August, it has been hovering within the $6,000 bracket. Back in July, it rose to over $8,000 for the first time in months. This was following news that the SEC was thinking of approving the first ...

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EU agrees 18 million euro development aid for Iran

PARIS: The European Union agreed 18 million euros ($20.6 mln) in aid for Iran on Thursday, including for the private sector, to help offset the impact of US sanctions and salvage a 2015 deal that saw Tehran limit its nuclear ambitions. The announcement is part of the bloc’s high-profile efforts ...

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Microsoft accused of bribery in Hungary

LONDON: Microsoft Corp. is being investigated by U.S. authorities over potential bribery and corruption related to software sales in Hungary, according to people familiar with the matter. The investigation follows a series of similar probes into Microsoft business partners that surfaced in 2013 in five other countries. Microsoft MSFT, +0.47% ...

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Nokia expects to make €3 in royalties from every 5G smartphone

LONDON: Nokia says it expects to make €3 in royalties for every 5G smartphone sold. The Finnish telecommunications equipment manufacturer has made many contributions to the standardisation of 5G and says its fees reflect the value of its technology to handsets. Holders of Standard Essential Patents (SEPs) are required to ...

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Dollar weakens after Trump’s Fed comments

FILE PHOTO: Bundles of banknotes of U.S. Dollar are pictured at a currency exchange shop in Ciudad Juarez, Mexico, January 15, 2018. REUTERS/Jose Luis Gonzalez/File Photo

HONG KONG: The dollar dipped Tuesday in Asia after Donald Trump hit out at the Federal Reserve´s interest rate rises and accused it of not backing his economic plan, while most equity markets edged up ahead of highly anticipated China-US trade talks. The greenback has been on the ascent in ...

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Scientists create paper battery powered by bacteria

LONDON: People living in remote areas or areas with limited resources often have difficulties with electricity, expensive commercial batteries and such. To overcome this problem, researchers have created a new type of paper battery that can easily be powered by bacteria. The need of new, cheap and portable power sources ...

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Greece exits final bailout successfully

ATHENS: Greece has successfully exited its final, three-year bailout programme, agreed in August 2015 to help it cope with the continued fallout from a debt crisis, the euro zone’s ESM rescue fund said on Monday. “Today we can safely conclude the ESM programme with no more follow-up rescue programmes as, ...

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