Wednesday, 21 February 2018

Business

Bill Gates Says Apple Should Unlock iPhones at Government Request

Bill Gates

WASHINGTON: Bill Gates thinks Silicon Valley isn’t worried enough about government regulation. In a new interview, he warned that big tech companies are being reckless in their support for end-to-end encryption, and he made some cryptic comments about Apple. The Bill and Melinda Gates Foundation released its annual letter, and ...

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Woman claims she was racially profiled at Applebee’s

Applebee's

MIAMI: Three Applebee’s employees have been fired after a black woman said she and her friend were racially profiled at an Independence, Missouri location. Applebee’s said it’s temporarily closed the location for the team to “regroup, reflect, learn and grow.” In a Facebook post, Alexis Brison said she and her ...

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Barclays Bank charged over Qatar financial loan

BARCLAYS

Britain’s Serious Fraud Office charged a unit of Barclays yesterday over alleged fraud linked to emergency fundraising from Qatar during the financial crisis a decade ago, the bank said. The announcement follows a decision by the SFO in June last year to charge Barclays PLC, or the unit’s parent group, ...

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Singapore-based BOC Aviation wins $90m claim against Vijay Mallya

Vijay-Mallya

LONDON: Embattled liquor tycoon Vijay Mallya has lost another legal battle linked to his now- defunct Kingfisher Airlines after the UK High Court awarded Singapore-based BOC Aviation an estimated USD 90 million in claims. The latest case involving the 62-year-old businessman, whose extradition case over alleged loan defaults amounting to ...

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Trump wants to privatise the International Space Station

International Space Station

WASHINGTON: The White House plans to stop funding for the station after 2024, ending direct federal support of the orbiting laboratory. But it does not intend to abandon the orbiting laboratory altogether, and is working on a transition plan that could turn the station over to the private sector, according ...

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Italian cryptocurrency exchange BitGrail loses $170 million

Cryptocurrency concept, gold coins.

NEW YORK: One of the biggest problems with cryptocurrency exchanges is that they’re a juicy, enticing target for high-tech criminals. Case in point, Italian exchange BitGrail, which lost $170 million worth of Nano tokens, a little-known digital coin previously called RaiBlocks. BitGrail is the second exchange that lost of massive ...

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London City Airport closed after WWII bomb found

London City Airport

LONDON: Travel around one of London’s major airports has been plunged into chaos after the discovery of an unexploded World War II bomb. London City Airport has been closed after waterfront workers unearthed the device in the nearby river Thames. Royal Navy bomb disposal experts have set up a 214m ...

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iPhone source code leak

iphone-8

LONDON: There’s been a huge leak on the web today, which has put every iPhone on the market in danger in terms of security. The good news is that this leak could help the jailbreaking developers to have access to modifications in the deepest corners of the system, so it ...

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Uber and Waymo reach settlement

Waymo robotaxis

Uber has settled a lawsuit alleging that it ripped off self-driving car technology from Google’s autonomous vehicle division. Under the surprise deal, the ride-hailing service will pay Waymo, which is part of Alphabet, Inc., a stock settlement valued by Waymo at $245 million. Both confirmed the settlement early Friday, four ...

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Indonesia’s Q4 current account deficit at 2.2pc of GDP

Indonesia

JAKARTA: Indonesia’s current account deficit in the final quarter of 2017 expanded because of higher imports of goods related to production activities in the period, the central bank said on Friday. The current account deficit in the October-December period was $5.8 billion, or 2.2 percent of gross domestic product (GDP), ...

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