Friday, 19 April 2019

Business

China’s moon cotton experiment ends in freezing lunar night

BEIJING: A cotton seedling that sprouted on the moon has been left to die as China’s historic lunar lander continues a freezing night-time nap that will last as long as two earth weeks, scientists said. The Chinese space agency announced earlier this week that the seed had germinated inside a ...

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McDonald’s loses Big Mac EU trademark battle

DUBLIN: Irish fast food chain Supermac’s announced Tuesday it had won a European Union battle against global giant McDonald’s over the use of the Big Mac and Mc trademarks. Supermac’s asked the European Union Intellectual Property Office to cancel McDonald’s use of the trademarks in certain fields. The EUIPO said ...

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Oil prices slip as U.S. crude output nears 12 million bpd

SINGAPORE: Oil prices fell as U.S. crude production neared an unprecedented 12 million barrels per day (bpd) just as worries about weakening demand emerge. U.S. West Texas Intermediate (WTI) crude futures CLc1 were at $51.92 per barrel at 0752 GMT, down 39 cents, or 0.8 percent, from their last settlement. ...

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Huawei founder denies spy risk claims

LONDON: Huawei’s founder has denied Chinese authorities have ever asked his company to help spy on its clients. Ren Zhengfei was speaking to foreign media in a rare interview, following claims Huawei posed a security risk. He also said he was missing his daughter Meng Wanzhou “very much”. Ms Meng ...

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Sri Lanka Asks IMF To Revive Suspended $1.5-Billion Bailout

Pedestrians walk past the International Monetary Fund headquarters' complex in Washington Sunday, May 2, 2010. A senior International Monetary Fund official says the IMF's executive board is meeting in Washington to consider how much aid to grant Athens under a massive rescue loan package.

COLOMBO: Sri Lanka has appealed to the International Monetary Fund to revive a $1.5-billion bailout suspended during the island nation’s political crisis late last year, the finance ministry said Wednesday. In October, President Maithripala Sirisena sparked weeks of high political drama, even featuring brawls in parliament, by sacking Ranil Wickremesinghe ...

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Vietnam’s newest airline Bamboo takes first flight

HANOI: Vietnam’s newest commercial carrier Bamboo Airways took flight Wednesday, officially entering Southeast Asia’s crowded aviation sector where it will face stiff competition from established players. Air travel in the region has boomed in recent years as appetites – and budgets – for travel have soared among spendthrift flyers. Bamboo ...

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Aussie businesses complain Google sending outback tourists off the map

SYDNEY: Tourism operators in Australia’s vast outback say wild inaccuracies in Google Maps are making remote hot spots appear out of reach, deterring people from visiting the region. A number of businesses promoting their small towns as remote tourist destinations in the northeastern state of Queensland complain of cases where ...

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Japan’s workforce to plunge 20 pct

TOKYO: The number of Japanese workforce will decrease by 20 percent from 2017 to 2040, as the country’s population continues to decline, and women and the elderly face increasing difficulty in finding jobs amid sluggish economy, a government study showed Tuesday. The study was conducted by a research group of ...

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Total seeks exit from Dutch upstream with gas fields sale

LONDON: Total has launched the sale of its offshore gas fields in the Netherlands, a move that would mark the French energy giant’s exit from Dutch upstream production after 55 years, industry and banking sources said. The Paris-based company hired investment bank Jefferies in December to run the process that ...

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