Tuesday, 18 February 2020

Business

Facebook to allow transfer of photos, videos to Google Photos

LONDON: Facebook Inc said it has introduced an option to transfer photos and videos from the social media network directly to other services, starting with Google Photos. The option will be available to users in Ireland, with a worldwide roll-out planned for the first half of 2020. All data transfers ...

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No clear flight plan for Alitalia after rescue stalls

Efforts to save loss-making Alitalia have reached an impasse after months of unsuccessful negotiations with potential buyers, leaving Italy’s government undecided on the next move. The struggling carrier, which has been under special administration since 2017 and continues to burn through cash, is now at a standstill after a consortium ...

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Masatsugu Asakawa elected as ADB new president

Masatsugu Asakawa has been unanimously elected as the new president of the Asian Development Bank (ADB) by its board of governors. Mr Asakawa, 61, special advisor to Japanese Prime Minister Shinzo Abe and also the finance minister, will assume office as ADB’s 10th President on Jan. 17, 2020. He will ...

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Cambodia plans to spend over US$100mil on subsidies by 2021

CAMBODIA plans to spend more than US$100 million (RM417 million) on subsidies by 2021 to reduce electricity tariffs and spur economic growth. The move is also to relieve the financial burden of businesses and households. Cambodian utility company Electricite du Cambodge (EdC) director general Keo Ratanak told The Phnom Penh ...

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Affin Bank posts higher net profit

KUALA LUMPUR: Affin Bank Bhd reported a net profit of RM365.66 million for the nine months ended September 2019, 1.76 per cent higher than RM359.34 million a year ago. This is mainly attributable to lower allowances for impairment losses of RM78.4 million and a net gain of RM106.3 million for ...

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H&M tests renting clothes to address environmental challenge

STOCKHOLM, Sweden – Hennes & Mauritz AB is testing out a clothing rental *service* as the fashion industry faces mounting criticism for waste and pollution. Acclaimed fashion brand H&M is attempting to do its part in reducing the waste and pollution caused by the fashion industry. The Swedish fashion brand ...

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Dubai’s biggest bank said to cut up to 500 jobs

DUBAI’s largest bank, Emirates NBD, has reportedly cut up to 500 jobs since October. Reuters quoted sources familiar with the matter as saying the cuts were part of efforts by UAE banks to reduce costs amid slower economic growth. The cuts have been across several areas of the bank, which ...

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People want the new iPhone 11 ad banned

LONDON: It’s 7am and you are warm and cozy in your bed. And suddenly you feel buzzing tremors, which turn into vibrating thunder in the darkness. The piercing sound of the alarm eventually wakes you up from your slumber. The wretched alarm tone is the most annoying sound ever for ...

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Twitter plans to delete inactive accounts

LONDON: Twitter is going to start getting rid of inactive accounts. The company has already sent warning emails to users who haven’t been using their accounts. If you want to keep your handle, all you have to do is to login by December 11 and follow the on-screen steps – ...

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Technical issues delay launch of Egypt’s first satellite

CAIRO: The chief Executive of the Egyptian Space Agency, Mohamed al-Qousy announced on Saturday that the launch of the first Egyptian communication satellite TIBA-1 has been postponed indefinitely due to “technical reasons.” Speaking to Al-Masry Al-Youm, Qousy said that no new date was set for the launch, but there was ...

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