Monday, 26 August 2019

Business

Instagram’s user base crosses 600 million

LONDON: Instagram’s user base rose to more than 600 million, the Facebook Inc owned company said, as new features helped it gain popularity. The photo-sharing app added 100 million users since June when it last announced its 500 million user milestone, the company said in a blog post. Since then, ...

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Galaxy S8 Leak Highlights Samsung’s Big Decision

PARIS: The release of next year’s Galaxy S8 will be a crucial moment for Samsung. As the first major handset release after the battery-fuelled debacle of the Galaxy Note 7, the Galaxy S8 needs to get it right from the moment it is revealed to the press and goes on sale ...

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Euro tumbles to 14-year low against the dollar

PARIS: After struggling to gain momentum for much of the day, it seems the FTSE is rocketing on the back of a dip in sterling and the continued climb of indices across the Atlantic. Since the US markets reverse yesterday’s losses on opening – in spite of the dollar’s continued ...

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Labour calls for closer scrutiny of tech firms and their algorithms

LONDON: Labour’s industrial spokesperson has called for the algorithms used by technology firms to be made transparent and subject to regulation, as the party prepares the new year launch of its industrial strategy consultation. Shadow minister Chi Onwurah wants to see greater scrutiny of the mathematical formulas that now control ...

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Sutherland to Merge With U.K. Firm Eversheds

LONDON: Atlanta-based Sutherland Asbill & Brennan and U.K. law firm Eversheds have agreed to merge. The merger had “exceptionally strong approval” from both partnerships, according to a press release. The merged firm will have 2,300 lawyers and 61 offices in 29 countries. The new firm will be called Eversheds Sutherland ...

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MERCEDES-BENZ LAUNCHES PRIVATE CAR SHARING PLATFORM CROOVE

LONDON: Mercedes-Benz is launching its Croove car sharing platform in early December in Munich. The car sharing will be done through mobile app Croove. The platform brings together private lessors and lessees of Mercedes-Benz and other vehicles. Buying a car is not an easy job and after that it becomes ...

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UK competition watchdog fines modelling agencies for price fixing

LONDON: Five of London’s leading modelling agencies and a major trade association have been fined more than £1.5m for price collusion by the UK competition watchdog, the third time the industry has faced a crackdown in Europe in the past three months. The Competitions and Markets Authority said on Friday ...

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Honda concept car will have emotions of its own

LONDON: Chances are you either love or hate your car – and soon the feeling could be mutual. Japanese automaker Honda will showcase a concept car at the Consumer Electronics Show next month that is capable of understanding the driver’s emotions and developing emotions of its own, the company announced ...

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Bank of England leaves UK interest rates on hold at 0.25%

The Bank of England has left interest rates at their record low of 0.25% but repeated a warning that higher inflation and slower wage growth risk squeezing household budgets and spending next year. The Bank’s nine-strong monetary policy committee voted unanimously to keep rates on hold and maintain the current ...

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Hacked Yahoo Data Is for Sale on Dark Web

LONDON: Some time around August 2013, hackers penetrated the email system of Yahoo, one of the world’s largest and oldest providers of free email services. The attackers quietly scooped up the records of more than 1 billion users, including names, birth dates, phone numbers and passwords that were encrypted with ...

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