Sunday, 22 September 2019

Business

Oracle Unveils More Autonomous Software to Boost Cloud Growth

NEW YORK: Oracle Corp. unveiled an operating system that runs without the need for human oversight, part of a raft of new software tools meant to ease the company’s rocky transition to cloud computing. The operating system expands Oracle’s line of autonomous products beyond databases, the company’s flagship software. Chairman ...

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Google agrees 945mn euro tax settlement in France

PARIS: US internet giant Google has agreed a settlement totalling 945 million euros ($1.0 billion) to settle a tax dispute in France under an agreement announced in court on Thursday. The company will pay a 500-million-euro fine for tax evasion, as well as a further 465 million euros to settle ...

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BASF strikes French alliance to recycle electric car batteries

FRANKFURT AM MAIN: German chemical giant BASF announced Wednesday plans with French companies Eramet and Suez to recycle lithium-ion batteries from electric cars, aiming to secure a leading role in a growing market. Backed by 4.7 million euros ($5.2 million) of EU funding, “the objective is to develop an innovative ...

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UK says to decide on Huawei soon but China must play by rules

LONDON: Britain will make a decision soon about whether to allow Huawei equipment to be used in its 5G networks but China must play by the rules if it gets access to Western markets, Defence Secretary Ben Wallace said. Asked when a decision would be made by the United Kingdom ...

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StarKist to pay $100M fine in tuna price-fixing case

SAN FRANCISCO: A federal judge in San Francisco has ordered StarKist Co. to pay a $100 million fine in a canned tuna price-fixing conspiracy involving three companies. The Pittsburgh-based company had asked U.S. District Court Judge Edward Chen to reduce the fine to $50 million, arguing a $100 million penalty ...

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Apple unveils a cheaper iPhone and pricing for streaming TV

CUPERTINO: Apple unveiled new iPhones that are largely unchanged from previous models and accompanied by an unexpected price cut for the cheapest model, underscoring the company’s efforts to counteract a sales slump of its flagship product. The company’s new models are so similar to last year’s lineup they may be ...

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US government plans to ban flavors used in e-cigarettes

WASHINGTON: The federal government will act to ban thousands of flavors used in e-cigarettes, President Donald Trump said, responding to a recent surge in underage vaping that has alarmed parents, politicians and health authorities nationwide. The surprise White House announcement could remake the multibillion-dollar vaping industry, which has been driven ...

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Toyota tests solar-powered Prius in quest for plugless electric car

TOKYO: Inspired by new ultra-thin solar panels developed for satellites, a project led by Toyota Motor Corp is experimenting with a sun-powered Prius that it hopes will one day require no plugging in. In the Japanese government-funded demonstration project, Toyota engineers fitted solar panels designed by Sharp Corp to the ...

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Uber is sued over resistance to California ‘gig’ employment law

CALIFORNIA: A driver for Uber has sued the company for misclassifying its drivers as independent contractors, hours after California legislators voted to help thousands of those workers become, and enjoy the benefits of being, employees. The proposed class action filed on Wednesday night by Uber driver Angela McRay appears to ...

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Google to pay $170 million for YouTube child privacy breaches

LONDON: Google’s YouTube agreed on Wednesday to pay a $170 million fine and limit ads on kids’ videos to settle claims that the company violated children’s privacy laws. The world’s largest video-sharing site agreed to pay the fine, which is a record for a children’s privacy case, of $136 million ...

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