Sunday, 24 March 2019

Business

South Africa’s power cuts to continue

JOHANNESBURG: South Africa’s state utility Eskom said it would continue making power cuts this week as it struggles with capacity shortages that threaten to stymie efforts to haul the economy out of a protracted slump before national elections in May. Eskom supplies more than 90 per cent of the power ...

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Honda says any Brexit delay must be long enough to give stability

LONDON: Japanese carmaker Honda said any delay to Brexit must be long enough to give businesses stability whilst BMW is still preparing for a “worst-case scenario” no-deal Brexit after lawmakers backed postponing Britain’s exit from the EU. The country’s car sector, which employs more than 850,000 people, has quickly gone ...

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EU to slap Google with fresh fine

BRUSSELS: The EU’s anti-trust regulator is to slap tech giant Google with a new fine over unfair competition practices, sources told AFP. Brussels has targeted the Silicon Valley firm’s AdSense advertising service, saying it restricts some client websites from displaying ads from third parties. The decision in the long-running case, ...

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BMW, Varta apply for funds in battery cell push for e-vehicles

HAMBURG/BERLIN: BMW and Germany’s Varta have both applied for state funding aimed at supporting battery cell production for electric vehicles, they said, hitting a deadline set by the German government. Germany has earmarked 1 billion euros ($1.13 billion) to support a consortium looking to produce electric car battery cells and ...

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Abu Dhabi’s Etihad Airways posts $1.28 billion loss in 2018

ABU DHABI: Abu Dhabi’s Etihad Airways reported its third consecutive annual loss in 2018, blaming challenging market conditions and the effects of an increase in fuel prices. Etihad’s net loss narrowed to $1.28 billion for last year, from $1.52 billion in 2017, it said in a statement. The airline reported ...

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Japan to enhance engagement with Pakistan for more investment

TOKYO: Mitsubishi Corporation Chief Executive Kimihide Ando on Tuesday said that the Government of Japan had decided to increase its engagement with Pakistan and support its companies to increase their investment in the country. In a meeting with Prime Minister Imran Khan along with a delegation here at PM Office, Kimihide ...

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Samsung Galaxy S10 has the worst face unlock flaw

LONDON: Face unlock is the security mode that many smartphones feature today. While most brands have a simple face unlocking mechanism that senses a lot of parameters before unlocking the phone, it is not as secure as the fingerprint sensor. However, Apple had shown the world that face unlocking can ...

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Mozilla Launches Firefox Send, Its Very Own File Transfer Service

LONDON: It is clear that Mozilla is moving towards a better and secure future with the upgrades and features it is incorporating into Firefox. After the announcement of letterboxing as a part of the tor uplift project, Mozilla has now introduced a private file sharing feature called Firefox Send. The ...

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US warns Huawei ‘embedding itself’ into internet undersea cable systems

WASHINGTON has repeatedly accused Huawei, the world’s biggest telecoms equipment supplier, of stealing commercial information and spying on behalf of the Chinese government. The company vehemently denies the accusations, saying that there is no reason why it should be restricted from building 5G infrastructure in any country. US security officials ...

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