Wednesday, 24 May 2017

Business

Apple to swap ‘faulty’ iPhone 6S batteries

NEW YORK: Apple says it will replace the batteries on some models of the iPhone 6S that could unexpectedly shut down, but pose no safety risk. The company says the smartphones affected were manufactured between September and October of last year. If your phone is affected, Apple will swap in ...

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Facebook to Open New London HQ, Create 500 New UK Jobs

LONDON: Facebook will open a new London headquarters next year and create another 500 jobs, the leading social network said Monday, despite uncertainty over Brexit. The group said the move will take its UK workforce to 1,500 staff, adding that Britain “remains one of the best places to be a ...

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Infrastructure key to UK’s first post-Brexit budget

LONDON: Britain’s first post-Brexit budget will focus on infrastructure and could spell an end to the previous government’s rigid fiscal targets, according to a treasury statement released Sunday. The budget will be new finance minister Philip Hammond’s first set-piece since replacing George Osborne who resigned following the June vote. Under ...

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Asia-Pacific leaders defend trade against Trump tide

LIMA: Asia-Pacific leaders are expected to send a strong message in defense of free trade Sunday as they wrap up a summit that has been overshadowed by US President-elect Donald Trump’s protectionism. The broad consensus at the Asia-Pacific Economic Cooperation (APEC) summit, which features some of the world’s most powerful ...

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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 ...

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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, ...

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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 ...

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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 ...

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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 ...

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