Saturday, 23 June 2018

Business

Apple to make 20% fewer new model iPhones this year

Apple Inc expects to ship 80 million new model iPhones this year, down 20 percent from what it had planned at the same time last year, Japanese financial daily Nikkei reported, citing industry sources. The California-based firm has asked suppliers to make about 20 percent fewer components for the three ...

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Pakistan mulls over taking Etisalat to London court

LONDON/ISLAMABAD: After remaining unable to resolve the matter amicably, Pakistan is considering taking Etisalat to the London Court of International Arbitration over non-settlement of $800 million worth of outstanding privatisation proceeds of Pakistan Telecommunication Company Limited (PTCL). “The Ministry of Privatisation and the office of Attorney General of Pakistan have ...

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Google faces EU antitrust fine over Android case in July

BRUSSELS: Google is expected to be hit with a second EU antitrust fine in mid-July for using its dominant Android mobile operating system to squeeze out rivals, three people familiar with the matter said. The European Commission, which has been investigating the case involving the unit of Alphabet since 2015, ...

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Pakistan wins at the International Gourmand Awards

Pakistan Heritage Cuisine – A Food Story’ has won the prestigious Gourmand World Award for the category, ‘Best Asian Cookbook in the World’, beating various culinary giants from across Asia, at the annual International Gourmand Awards held on May 27, 2018 in Yantai, China. Published by Pakistan’s leading and multi-award ...

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International scientist Dr Sarwar Naqvi laid to rest

NEW YORK: International scientist and companion of famous astronaut Neil Armstrong, the first man landed on moon, Dr Syed Sarwar Naqvi, was laid to rest at village Lakhman Chontra, situated on bank of river Ravi, in Kabirwala. Dr Sarwar got his early education from Lawrence’s School Karachi. In 1961, he ...

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European stock markets halt sharp losses at open

LONDON’s benchmark FTSE 100 index was fractionally lower at 7,633.72 points, having shed 1.3 percent Tuesday. In the eurozone, Frankfurt’s DAX 30 dropped 0.2 percent to 12,693.33 points and the Paris CAC 40 lost 0.3 percent to 5,420.15 — having each shed a similar amount to London on Tuesday. Milan’s ...

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Singapore to launch world’s longest non-stop flight

SINGAPORE: Singapore Airlines Ltd said it would launch the world’s longest commercial flight in October, a near-19 hour non-stop journey from Singapore to the New York area. The 8,277 nautical mile flight from Singapore to Newark, New Jersey with 161 business class and premium economy seats will eclipse the 7,843 ...

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US technology charge false, says China

GENEVA: China has told the World Trade Organisation’s (WTO’s) dispute-settlement body that US accusations that Beijing forced companies to hand over technology as a cost of doing business in China were groundless. US President Donald Trump has accused China of stealing US ideas and announced a plan for a $50bn ...

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Europe gets a grip on graft

BRUSSELS: One of the healthy competitions between Europe and the United States is over which one can set a new global standard. On May 25, the European Union began to win on one standard – digital privacy – with the start of stiff rules on how companies handle personal data. ...

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More than $1.2b in cryptocurrency stolen since 2017

NEW YORK: Criminals have stolen about $1.2 billion in cryptocurrencies since the beginning of 2017, as bitcoin’s popularity and the emergence of more than 1,500 digital tokens have put the spotlight on the unregulated sector, according to estimates from the Anti-Phishing Working Group released on Thursday. The estimates were part ...

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