Wednesday, 16 October 2019

Business

Sri Lankan Hambantota port formally handed over to China

COLOMBO: The Hambantota port was today formally handed over to a China-led company and Sri Lanka received its initial payment for the lease. Following the signing of an agreement, the port operations was handed over to Hambantota International Port Group (HIPG) and Hambantota International Port Services (HIPS). China Merchants Port ...

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Uber agrees to settle US lawsuit filed by Indian rape victim

SAN FRANCISCO: Uber Technologies Inc and a woman who accused top executives of improperly obtaining her medical records after a company driver raped her in India have agreed to settle a civil lawsuit the woman filed against Uber in June, according to a U.S. federal court filing on Friday. The ...

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Uber pays $100000 to 20-year-old man to hide hack, destroy data

FLORIDA: Uber reportedly paid a hacker from Florida $100,000 under the guise of a bug bounty program to keep quiet about a data breach which exposed information belonging to 57 million users. According to three unnamed sources, a 20-year-old was responsible for the catastrophic data breach, rather than a sophisticated ...

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Hackers steal $64 million from cryptocurrency firm NiceHash

LONDON: A Slovenian cryptocurrency mining marketplace, NiceHash, said it lost about $64 million worth of bitcoin in a hack of its payment system, the latest incident to highlight risks that uneven oversight and security pose to booming digital currencies. NiceHash matches people looking to sell processing time on computers in ...

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UK house prices rise by more than expected in November

LONDON: British house prices rose by more than expected in November and for a fifth month in a row, mortgage lender Halifax said on Thursday. House prices rose 0.5 percent month-on-month after a 0.3 percent rise in October, Halifax said, topping the consensus in a Reuters poll of economists for ...

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Yahoo parent sues Mozilla for replacing it with Google as Firefox default search

NEW YORK: Roughly three years ago, Yahoo and Mozilla announced that Yahoo would be the default search engine on Firefox in the US. That relationship ended early when Mozilla released the much-improved Firefox Quantum browser last month, with Google as the default search provider. Now, Yahoo’s parent company, Oath (Verizon), is suing Mozilla for breach ...

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London Stock Exchange chairman gains backing of investor group

LONDON: The London Stock Exchange chairman Donald Brydon, under intense fire from an activist investor calling for his removal, has received the backing of an influential shareholder advisory group ahead of a crunch vote on his future. Institutional Shareholder Services (ISS) has recommended that investors oppose a motion, tabled by the ...

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What Really is a “Blockchain”?

LONDON: Much has been said about the revolutionary potential of the blockchain technology. Besides its current use as the backbone to verify and record digital transactions of Bitcoin, the blockchain technology has also been touted as the technology that can replace expensive accounting and payment networks in the financial industry, ...

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OnePlus 5T Charges Faster Than iPhone X, LG V30, Google Pixel 2

LONDON: While smartphone vendors like Apple, LG, and Samsung lately ventured in the growing space of fast charging, it has been found through a new study that the Dash Charge technology on the OnePlus 5T outpaces the competition by offering fastest charging time. OnePlus first deployed its native fast charging ...

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