Tuesday, 31 March 2020

Business

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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Crypto Analyst Believes Bitcoin Could be Nearing Price Bottom

NEW YORK: Many in the cryptocurrency community thought that Bitcoin bottomed at $6,000, as it held over that price level for weeks on end. However, Bitcoin dropped under $5,800 on the weekend, leading some to believe that Bitcoin’s price could move even lower. Brian Kelly, leading cryptocurrency trader and analyst ...

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Uber Regains Temporary License to Operate in London

LONDON: Uber can continue to operate in London – for now. The ridesharing app won a partial victory when a judge granted the company a short-term operating licence in London. Uber’s permit had been withdrawn in September 2017 over safety concerns. The company conceded that Transport for London (TfL) was correct in ...

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Google, Facebook manipulate users to share data despite EU law

LONDON: Facebook and Google are pushing users to share private information by offering “invasive” and limited default options despite new EU data protection laws aimed at giving users more control and choice, a government study said Wednesday. The Norwegian Consumer Council found that the US tech giants´ privacy updates clash ...

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Europe to retaliate if US imposes auto tariffs, says France

PARIS: Europe will hit back if US President Donald Trump follows through with a threat to slap import tariffs on European-made cars, France’s finance minister said. Trump escalated already burning trade tensions on Friday by threatening to hit all imports of cars assembled in the European Union (EU) with a ...

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Oil rises as outages balance trade dispute, OPEC

TRIPOLI: Oil prices rose on Tuesday, supported by Canadian production losses and uncertainty over Libyan exports, but under pressure from climbing OPEC supply and intensifying trade conflicts between the United States and other major economies. Benchmark Brent crude was up 35 cents at $75.08 a barrel by 0720 GMT. US ...

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AliPay CEO Jack Ma Confirms Successful 3-Second Blockchain Remittance

HONG KONG: As online news resource cnLedger reported on Twitter June 25 quoting Chinese cryptocurrency news media, the company formerly known as AliPay developed and piloted its “first blockchain-based electronic wallet cross border remittance service” between Hong Kong and the Philippines. The recipients were AliPayHK and GCash, a Filipino payment ...

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