Tuesday, 22 May 2018

Business

Facebook Removed 583 Million Fake Accounts

facebook FB LOCK

LONDON: Facebook has had community standards and a dedicated safety team for years now, but has previously been reluctant to share exactly how guidelines are enforced and how much content is actually removed. Today (15 May), the company released figures around the removal of content for the first time in an unprecedented ...

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Bangladesh bourse sells stake to China, rejects India bid

Dhaka-Stock-Exchange

DHAKA: Bangladesh’s main stock exchange signed an agreement Monday selling a quarter of the bourse to a Chinese consortium, an official said, formally rejecting a rival bid from regional ally India. Officials from the Shenzhen Stock Exchange and Shanghai Stock Exchange inked the deal to acquire 25 percent of the ...

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Xerox Scraps $6.1 Billion Fujifilm Deal

Xerox

LONDON: Activist investors Carl Icahn and Darwin Deason prevailed in their bid to stymie Fujifilm Holdings Corp.’s $6.1 billion takeover of Xerox Corp. and to push out the U.S. office equipment supplier’s chief executive officer. Jeff Jacobson, the CEO who oversaw the initial deal with Fujifilm, will step down under ...

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Aden refinery seeking 150,000 tonnes of oil products

oil fields

ADEN: Yemen’s Aden refinery is seeking 150,000 tonnes of oil products for the local market in two separate tenders, the state news agency SABA said on Sunday. The refinery is seeking 30,000 tonnes of unleaded petrol and 30,000 tonnes of diesel in its first tender, as fuel supplies ran low ...

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ZTE ends ‘major operations’ after US export ban

ZTE

NEW YORK/BEIJING: ZTE, one of China’s leading technology companies, has announced it will end “major operations,” after the U.S. government barred American firms from doing business with the telecom equipment maker. The announcement by the fourth-largest wireless equipment maker in the country comes amid an escalating trade battle between the ...

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WHSmith apologises for Pinderfields Hospital £7.99 toothpaste

COL

BIRMINGHAM: WHSmith has admitted it made more than £700 by selling single tubes of toothpaste for £7.99 in a hospital. The Pinderfields Hospital branch in Wakefield was caught selling Colgate, normally priced at £2.49, by a visitor. The retailer blamed a pricing error and said proceeds from the sales would ...

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Asian stocks near three-week top

asian stocks

HONG KONG: Asian shares rallied on Friday as risk appetite got a boost from soft US inflation, helping alleviate worries of faster rate hikes by the Federal Reserve, while investors also cheered US-North Korean steps to further ease tensions on the Korean Peninsula. Thursday’s slower-than-expected April consumer price rises followed ...

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Apple fells plans for Ireland data centre over trees

Apple

US tech giant Apple announced it had shelved plans to build an 850-million-euro ($1.0-billion) data centre in Ireland over a court battle with conservationists seeking to preserve a forest. “Several years ago we applied to build a data centre at Athenry. Despite our best efforts, delays in the approval process ...

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In a first, all Californian homes set to install solar panels

solar panels

CALIFORNIA became the first US state to require solar panels on all new residential buildings as part of efforts to cut greenhouse gas emissions. The California Energy Commission said the new building standards, adopted unanimously by its members, will go into effect on January 1, 2020. “We are the first, ...

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