Monday, 18 January 2021

Business

Sri Lanka stabilising after $1.5 billion bailout: IMF

COLOMBO:  Sri Lanka’s economy has begun to stabilise after securing a $1.5 billion bailout earlier this year, but the island needs to build its dwindling foreign reserves, the IMF said Saturday. The Washington-based International Monetary Fund said it had just concluded its first review of Sri Lanka’s economy after announcing ...

Read More »

Beware: WhatsApp group video-calling invite is a scam!

PARIS: WhatsApp rolled out video-calling feature for Android, iOS and Windows users earlier this week. The feature was long anticipated and can be downloaded via update available to all users. However, the rollout of this popular feature has led to scamsters circulating malicious links inviting people to download video-calling. Interestingly, ...

Read More »

Arrests made over Three mobile cyber hack

Three men suspected of breaching customer data to steal phones have been arrested. The breach at mobile network Three is understood to have involved fraudsters accessing personal data, including names and addresses, by using authorised logins to its database of customers eligible for an upgrade. The men are thought to ...

Read More »

Audi to produce just one US diesel model after emissions scandal

BERLIN: Luxury German auto brand Audi envisions the potential of just one diesel model in its US product mix in the wake of the diesel emissions scandal that has embroiled its parent company Volkswagen, according to Audi’s US head. “Once we hopefully get past everything, I see an opportunity to ...

Read More »

Here’s what the world’s richest man just bought

LONDON: Amancio Ortega, Europe’s richest man and founder of global fashion group and Zara owner Inditex , has bought one of Madrid’s most famous skyscrapers for 490 million euros ($551 million) through his property investment arm, a source said. The purchase marks another step in the famously-reclusive billionaire’ s strategy ...

Read More »

WhatsApp adds secure video calling amid privacy concerns

KARACHI: One of the world’s most popular means of communication, Facebook’s WhatsApp, is adding fully encrypted video calling to its messaging app on Monday, a move that comes as privacy advocates worry about the potential for stepped-up government surveillance under a Trump administration. WhatsApp, which boasts more than a billion ...

Read More »

Sweden eyeing e-currency

STOCKHOLM: Sweden’s Riksbank may launch its own e-currency becoming the first major central bank in the world to create its own virtual money as the use of cash declines, Deputy Governor Cecilia Skingsley said on Wednesday. The value of cash in circulation in Sweden — where the first banknotes were ...

Read More »

European equities push higher

LONDON: Europe’s main stock markets pushed higher on Tuesday as investors reacted to a surprise dip in British inflation and shrugged off slower-than-expected German economic growth. Meanwhile, on Wall Street the Dow pulled off a record close after six-day winning streak as US markets continued to adjust following last week’s ...

Read More »

Pakistan-Indonesia trade volume reaches $2.3b: Santoso

KARACHI: Indonesia’s Consul General Hadi Santoso on Tuesday said that the Pakistan-Indonesia trade volume has reached almost $2.3 billion, which was $1.6 billion in November 2014. The Indonesia’s consul general is about to leave Karachi after successfully completing his tenure. He assumed charge as the consul general in November 2014. ...

Read More »