Wednesday, 24 July 2019

Business

Facebook stored ‘millions’ of unencrypted Instagram passwords

SAN FRANCISCO: “Millions” of Instagram users had their passwords stored in unencrypted form on internal servers, Facebook said, raising its original estimate of tens of thousands. “We discovered additional logs of Instagram passwords being stored in a readable format. We now estimate that this issue impacted millions of Instagram users,” ...

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Huawei secured 40 5G commercial contracts

HONG KONG: China’s Huawei Technologies Co Ltd said on Tuesday it had secured 40 commercial contracts to build and operate fifth-generation (5G) telecommunications infrastructure as at the end of March, up from a previously disclosed tally of more than 30. Rotating Chairman Ken Hu was speaking at the firm’s annual ...

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China, Japan to arrange exchanges, visits for 30,000 youths

EIJING: China and Japan have agreed to arrange exchanges and visits for 30,000 young people of the two countries in the next five years, a Foreign Ministry spokesperson said. The arrangement will be a part of the China-Japan Youth Exchange Promotion Year, spokesperson Lu Kang told a press briefing. “Amity ...

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ABB seeks new chief executive after Ulrich’s surprise move

ZURICH: ABB Chief Executive Ulrich Spiesshofer has quit the Swiss engineering group in a surprise move for a company which is in the midst of a strategic overhaul to focus more on digital industries. Chairman Peter Voser will take charge at ABB, which is selling its Power Grids business to ...

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Oil slips to $71, hit by talk of higher OPEC+ production

LONDON: Brent oil slipped to around $71 a barrel on Tuesday, pressured by expectations of higher US inventories and concern about Russia’s willingness to stick with OPEC-led supply cuts. Analysts on average expect US crude stockpiles to have risen by 1.9 million barrels last week, the fourth straight increase. The ...

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Trump asks Boeing to overhaul and fix 737 Max plane glitches

WASHINGTON: US President Donald Trump on Monday asked Boeing to “fix” its beleagured 737 Max plane, introduce new features and re-brand the aircraft after two deadly crashes involving the model led to grounding of the jets across the world, including by Indian carriers. Trump’s latest comments on the Boeing aircraft came ...

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Qatar’s $434m desert rose museum finally blooms

DOHA: Almost a decade in the making, three years late and at an estimated cost of $434 million, Qatar´s vast national museum, built in the shape of a desert rose, opens this week. A glittering ceremony, expected to include Qatar´s ruler Sheikh Tamim bin Hamad al-Thani, Kuwaiti Emir Sheikh Sabah ...

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Foxconn chief hints reduced role, will remain chairman

TAIPEI: Foxconn boss Terry Gou hinted Monday he would soon step back from frontline operations while remaining at the helm of the major Apple supplier. The firm said its billionaire founder would not be relinquishing his role as chairman, rebutting earlier media reports. But the 69-year-old said that a coming ...

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Facebook, Instagram, WhatsApp hit by outages

LONDON: Facebook Inc social networking site, photo-sharing social network Instagram and messaging app WhatsApp were inaccessible to some users, downdetector.com, which monitors outages, showed. Downdetector.com indicated that there were more than 12,000 incidents of people reporting issues with Facebook at its peak, but that figure dropped to about 2,000 reports. ...

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STARFISH – World’s largest airport to open this year in China

BEIJING: The phoenix-shaped Beijing Daxing International Airport is due to open in September as the crews are putting the final touches on what will be one of the world’s largest and busiest airports. Designed by the late British architect Zaha Hadid. The $12billion project could attract huge  traffic volumes, which  ...

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