Wednesday, 24 May 2017

Business

IPhone Dual Sim May Be Coming

PARIS: The main significant handset producer that has not coordinated double SIM functionality on its cell phones is Apple. It appears to be fairly odd in the matter of why Apple adhered to a solitary one so far. However, a few new patent filings propose that Apple is thinking about ...

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UK house price growth will slow to 3% in 2017, say surveyors

LONDON: UK house price growth will slow in 2017 but the legacy of insufficient housebuilding will mean that demand will outstrip supply and lead to a 3% rise over the year, surveyors have predicted. Although the most bullish housing market forecast for the new year released so far, the Royal ...

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RBS, Barclays and other banks fined in Swiss franc Libor case

LONDON: Royal Bank of Scotland and Barclays are among banks hit with SFr99m (£78m) of fines by the Swiss competition regulator for operating four separate cartels, as the international fallout from the Libor rate-rigging scandal spreads. The two British lenders were hit with a combined £37m in fines, while HSBC, ...

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Instagram’s user base crosses 600 million

LONDON: Instagram’s user base rose to more than 600 million, the Facebook Inc owned company said, as new features helped it gain popularity. The photo-sharing app added 100 million users since June when it last announced its 500 million user milestone, the company said in a blog post. Since then, ...

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Galaxy S8 Leak Highlights Samsung’s Big Decision

PARIS: The release of next year’s Galaxy S8 will be a crucial moment for Samsung. As the first major handset release after the battery-fuelled debacle of the Galaxy Note 7, the Galaxy S8 needs to get it right from the moment it is revealed to the press and goes on sale ...

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Euro tumbles to 14-year low against the dollar

PARIS: After struggling to gain momentum for much of the day, it seems the FTSE is rocketing on the back of a dip in sterling and the continued climb of indices across the Atlantic. Since the US markets reverse yesterday’s losses on opening – in spite of the dollar’s continued ...

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Labour calls for closer scrutiny of tech firms and their algorithms

LONDON: Labour’s industrial spokesperson has called for the algorithms used by technology firms to be made transparent and subject to regulation, as the party prepares the new year launch of its industrial strategy consultation. Shadow minister Chi Onwurah wants to see greater scrutiny of the mathematical formulas that now control ...

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Sutherland to Merge With U.K. Firm Eversheds

LONDON: Atlanta-based Sutherland Asbill & Brennan and U.K. law firm Eversheds have agreed to merge. The merger had “exceptionally strong approval” from both partnerships, according to a press release. The merged firm will have 2,300 lawyers and 61 offices in 29 countries. The new firm will be called Eversheds Sutherland ...

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MERCEDES-BENZ LAUNCHES PRIVATE CAR SHARING PLATFORM CROOVE

LONDON: Mercedes-Benz is launching its Croove car sharing platform in early December in Munich. The car sharing will be done through mobile app Croove. The platform brings together private lessors and lessees of Mercedes-Benz and other vehicles. Buying a car is not an easy job and after that it becomes ...

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