Tuesday, 25 September 2018

Business

US-China trade war enters new phase

WASHINGTON/BEIJING: President Donald Trump on Monday effectively broadsided one of the world’s largest trade relationships, announcing plans to proceed with tariffs on another $200 billion in US imports of Chinese goods. Taken with the $50 billion in tariffs already in place, this means roughly half of everything Americans buy from ...

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Amazon Investigates Report That Employees Leaked Data For Bribes

Amazon Inc. is conducting an investigation into employees that are said to offer sellers on its e-commerce program with an advantage by providing confidential internal data and other services in exchange for a fee. Employees are allegedly selling information on sales and searches to the independent merchants that operate on ...

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BMW drives to cut battery costs

NEW YORK: BMW AG plans more deals with mining companies to secure electric vehicle battery materials, and is open to forming alliances to share the costs of developing autonomous-vehicle systems, the automaker’s research and development chief told Reuters. BMW management board member Klaus Froehlich said automakers and large suppliers are ...

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Johnson says supports May, opposes her Brexit plan

LONDON: Britain’s former Foreign Minister Boris Johnson has said he supports Prime Minister Theresa May and his opposition was not to her but to her proposals for exiting the European Union, according to a report in the Daily Telegraph on Saturday. Following a week in which reports surfaced of a ...

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UK public pension group to oppose Ryanair at AGM

LONDON: Ryanair faced growing criticism from unions and investors on Friday about how it has handled an industrial relations revolt ahead of its annual shareholder meeting next week when its veteran chairman’s position will be challenged. Britain’s Local Authority Pension Fund Forum (LAPFF) recommended members vote against Ryanair’s financial report ...

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A 4-day work week in the UK: Would it work?

LONDON: Increasing numbers of workplaces around the world are embracing technology, and a greater array of tasks is being automated. In the eyes of one major British labuor organisation, that need not be a threat to workers, but may instead offer an opportunity: less time working.“I believe that in this ...

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Simon Birmingham: Pakistan, India have driven global sugar glut

Embed from Getty Images SYDNEY: The policies of India and Pakistan have contributed to a global glut in the world’s sugar market, Australia’s Minister for Trade Simon Birmingham told Reuters. “It is clear that export subsidies introduced recently by the Indian and Pakistan Governments have contributed to a growing glut ...

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Apple iPhones get bigger and pricier, Watch turns to health

LONDON: Apple Inc introduced its largest-ever iPhone and a watch that detects heart problems in an attempt to get customers to upgrade to more expensive devices in the face of stagnant global demand for smartphones. The relatively small changes to its lineup, following last year’s overhauled iPhone X, were widely expected ...

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Shapeshift’s Prism to shut down

LONDON: Shapeshift’s Prism has announced that they will be shutting down services on 11th October 2018. The company announced this news via a blog post on their website. It stated: “Prism is shutting down soon. The site will be live until 10/11/2018. We highly encourage you to close out your ...

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Volvo shows off self-driving, electric truck with no cab

BERLIN: Sweden’s Volvo, the world’s second-biggest truck maker, presented a new self-driving electric truck on Wednesday, which it said should help respond to the boom in ecommerce and a shortage of freight drivers. Volvo said the truck, which does not have a driver’s cab, was still under development and declined ...

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