Saturday, 20 July 2019

Business

Harris wants to fine companies that pay men more than women

NEW YORK: Democratic presidential candidate Kamala Harris is unveiling a pay inequity proposal that aims to close the gender pay gap by holding corporations accountable when men are paid more than women. Harris’ plan would require companies to disclose pay policies while applying for a mandatory “Equal Pay Certification” from ...

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Ryanair posts weakest annual profits in four years

DUBLIN: Ryanair posted its weakest annual profit in four years on Monday and said earnings could fall further next year as Europe’s largest low-cost carrier grapples with overcapacity, Brexit and delays in delivery of the Boeing 737 Max. The airline posted a profit after tax for its financial year to ...

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Pakistan emerges as major partner of BRI

BEIJING: Pakistan has emerged as a leading partner of the Belt and Road Initiative (BRI) introduced by President Xi Jinping six years back, according to a survey released at a media and think tank exchange event held in Nanjing, Jiangsu province, China.Fast and smooth functioning of CPEC makes Pakistan’s role ...

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SpaceX postpones launch of its first internet network satellites

WASHINGTON: SpaceX postponed a launch of 60 satellites into low-Earth orbit that was scheduled for Thursday night, possibly until next week, citing a need for software updates. The SpaceX Falcon 9 rocket launch from Cape Canaveral was to be the first of potentially thousands in its Starlink project to beam ...

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Amazon invests in British food courier Deliveroo

LONDON: Amazon has taken a stake in Deliveroo, the British food delivery company said on Friday. Amazon is the single largest investor in a $575-million (514-million-euro) financing round, Deliveroo said in a statement. Other participants include existing Deliveroo investors T Rowe Price, Fidelity Management and Research Company, and Greenoaks. “This ...

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Oil supply drops as Iran sanctions bite: IEA

PARIS: The world’s oil supply fell last month, the International Energy Agency said on Wednesday, amid rising global tensions as US sanctions on Iran tightened and Opec+ members produced less crude in line with their pact. In its latest monthly report on the global oil market, the Paris-based IEA said ...

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Huawei ready to sign ‘no-spy’ deal with UK

LONDON: Chinese telecom giant Huawei is willing to sign a “no-spy” agreement with countries including Britain, the firm’s chairman said, as the head of NATO said Britain must preserve secure mobile networks. Liang Hua visited Britain as the government weighs the risks of allowing the Chinese company to help develop ...

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Nestle in talks with EQT Partners-led consortium

Nestle SA is in exclusive talks with a consortium led by private equity firm EQT Partners for a sale of its skin health unit, according to a source familiar with the matter. EQT is putting the finishing touches to the deal, which would value the unit at up to $10 ...

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Intel discloses new security flaw in its chips

SAN FRANCISCO: Intel has discloses a new security flaw in its processors that could allow potential attackers to steal sensitive data from Intel-powered computers or even cloud servers. The world’s top chipmaker called the new group of vulnerabilities embedded in the architecture of computer hardware as Microarchitectural Data Sampling (MDS). ...

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