Friday, 13 December 2019

Business

War on plastic leaves manufacturers clutching at straws

For decades, plastic straws have been essential props for cocktail makers, smoothie lovers and fast food addicts. But that may be starting to change, thanks largely to vigorous environmental campaigning. Under pressure from activists, the European Union, Britain, India and even fast food giants like McDonald’s have all made some ...

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Sri Lanka moves navy unit to Chinese-run port

HAMBANTOTA: Sri Lanka will move its southern naval command to a port leased to a state-run Chinese firm but China will not use it for military purposes, the prime minister’s office said Saturday. Colombo’s announcement will likely raise fresh concerns in New Delhi over China’s military potentially getting a foothold ...

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Beijing eases investment curbs as clash with US looms

BEIJING: China is ending limits on foreign ownership in auto manufacturing, insurance and other fields but didn’t directly address complaints about trade and technology that are fueling conflict with Washington. The change, announced late on Thursday, had been sought by Washington, Germany and other trading partners. They complain Beijing blocks ...

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$5.2 Million in Cryptocurrency Seized in EU’s Largest LSD Raid

LONDON: The Deep Web or the “Darknet” gained a lot of notoriety back in 2013 when the United States FBI took down the Internet’s largest online black market and drug trafficking ring known as The Silk Road after an extended manhunt for the site’s libertarian creator, Ross William Ulbricht. Ulbricht, better ...

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ASDA to limit purchases of fizzy drinks

LONDON: Supermarket giant Asda has rationed sales of fizzy drinks, after panic-stricken shoppers started bulk buying over fears of a CO2 shortage hitting supplies. Online sales of certain soft-drinks like Pepsi, Fanta and 7Up have been restricted on the shop’s site. Crumpets, Coca cola, meat and beer have already been ...

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UK lawmakers slam FB’s evasive answers

LONDON: The head of the UK Parliament’s media committee slammed Facebook on Friday for what it described as evasive behavior in answering questions on fake news. Committee chair Damian Collins said that Facebook’s claims that it was unable to distinguish between political and non-political advertising is “difficult to believe.” He ...

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Iran says Saudi plan to boost oil output ridicules OPEC

LONDON: Iran criticised Saudi Arabia´s plan to raise oil output and pressure from the United States on Riyadh do so, saying this was in breach of OPEC´s decision last week and belittled the producer group. Sorry, the video player failed to load.(Error Code: 101104) OPEC and a group of non-OPEC countries agreed ...

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Facebook patents for emotion-detecting selfie filters

LONDON: Seems like Facebook is seeking to improve itself in unique ways as it has filed a patent for ‘emotion-detecting’ selfie filters. A recent public patent demonstrates that the popular social media app Facebook is looking to launch a tech that can detect emotions and automatically choose an animated selfie ...

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Japan May jobless rate drops to 2.2%

TOKYO: Japan’s jobless rate dropped to 2.2 percent in May, while the availability of jobs improved to the highest in more than four decades, figures from the Internal Affairs ministry showed on Friday. The seasonally adjusted unemployment rate fell from 2.5 percent in April and compared with economists’ median forecast ...

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Brexit bill becomes law

LONDON: A bill enacting Britain’s decision to leave the European Union has become law after months of debate, the House of Commons speaker announced on Tuesday, to cheers from eurosceptic lawmakers. Speaker John Bercow said the EU (Withdrawal) Bill, which repeals the 1972 Eu­­ro­pean Communities Act through which Britain beca­­me ...

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