Tuesday, 18 February 2020

Business

European companies minimise risks from US-China trade war

BEIJING: European companies in China have been able to minimise the effect from the tariff war between Beijing and Washington, although some are considering relocating their businesses, the EU Chamber of Commerce said Monday. The world’s two biggest economies have been entangled in a lingering trade war for over a ...

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Banana taped on wall is on sale for 91K pound

Italian artist Maurizio Cattelan, the creator of the now-stolen golden toilet, has put on sale a banana duct-taped to a wall for a whopping 91,000 pound, a media report said.Entitled ‘Comedian’, it is a reflection of a Lucille Bluth Arrested Development joke about rich people not knowing the price of ...

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44 million Microsoft customers using leaked passwords

San Francisco: Microsoft has discovered that over 44 million users of its Azure and Microsoft Services Accounts (MSA) are using leaked credentials to log into their accounts. The Microsoft identity threat research team regularly checks billions of credentials obtained from different breaches to look for compromised credentials in the Microsoft systems. ...

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Uber’s safety review has thousands of sexual assault reports

SAN FRANCISCO: Ride-hailing giant Uber has released its first safety review which contains thousands of sexual assault reports. The company has also revealed the changes it was making to make rides safer for its passengers and drivers. The two-year safety review contains almost 2,936 reports pertaining to sexual assault that ...

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Euronext wheat futures little changed

AMSTERDAM: Euronext wheat futures were little changed as the market consolidated while awaiting the outcome of a tender by Algeria, the largest overseas market for French wheat. Expectations that Argentine wheat could claim a sizeable share of any Algerian purchase, together with a clean sweep for Russian wheat in a ...

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Trump says Huawei is a security risk as NATO seeks secure 5G

WATFORD, England (Reuters) – U.S. President Donald Trump said that Chinese telecommunication firm Huawei was a security risk after NATO said it needed secure next-generation 5G technology. In what some have compared to the Cold War arms race, the United States is worried that 5G dominance would give any global ...

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Chile eyes state-backed lithium push in far-flung salt flats

SALAR DE AGUILAR, Chile (Reuters) – Chile’s Atacama salt flat may get all the attention when it comes to lithium, but the South American nation is looking to develop two lesser-known deposits of the mineral needed to power a global push into electric cars. Chile’s mining minister, Baldo Prokurica, told ...

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The world’s first flying car ‘Pal-V’ is here

LONDON: Over the years people have had a hazy image of what it would be like to drive a flying car with famous movies trying to bring this concept to life as well. Finally, the wait is over! Pal-V, a Dutch company is taken this challenge and transformed our imagination into reality ...

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United Airlines orders 50 Airbus aircraft to replace Boeing 757s

NEW YORK: United Airlines said Tuesday it had ordered 50 Airbus A321XLR aircraft, worth an estimated $6.5 billion, to replace an existing fleet of aging Boeings. The new Airbus planes, to be delivered starting 2024, will allow United to retire its Boeing 757-200s, the company said. The Airbus order is ...

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Property tycoon Malik Riaz’s UK assets to be returned to Pakistan

LONDON: Pakistani property tycoon Malik Riaz has agreed to pay UK’s National Crime Agency (NCA) £190m in a settlement after eight UK bank accounts linked to him were frozen in August 2019. “The assets will be returned to the State of Pakistan,” the NCA said, referring to the settlement amount. ...

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