Thursday, 18 October 2018

Business

You may soon see ads on WhatsApp

LONDON: We may soon see ads on popular messenger WhatsApp. The parent company Facebook plans on opening up the WhatsApp more to advertisers. Moreover, Facebook had announced a redesign of Messenger at its developer conference earlier last week. The speculations around the messenger app would be showing ads grew after ...

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Air France shares in tailspin after CEO quits

PARIS: Air France shares went into a tailspin on the Paris stock exchange on Monday after the resignation of the strike-hit company’s CEO. Air France-KLM boss Jean-Marc Janaillac announced his resignation Friday after staff at the carrier’s French operations rejected a pay deal aimed at ending months of walkouts. In ...

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Bangladesh foreign exchange reserves rise to $33.11bn at end-April

DHAKA: Bangladesh’s foreign exchange reserves rose to $33.11 billion at the end of April, $709 million more than one month earlier, the central bank said on Sunday. The reserves were nearly 2 percent higher than one year earlier. They are sufficient to cover about 10 months’ of imports for the ...

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New car sales increase

LONDON: The UK new car market grew 10.4% year-on-year in April as it benefited from a favourable year-ago comparison base due to additional sales days and the impact of tax changes last year. The SMMT said that some 167,911 new cars were registered in the UK last month and that ...

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Alibaba says annual net profit up 47% in 2017-18

BEIJING: Chinese e-commerce giant Alibaba on Friday announced a massive 47 percent leap in net profit for the fiscal year 2017/2018, helped by a rise in smartphone and tablet transactions on its shopping platform. Profit climbed to 63.985 billion yuan ($10.2 billion), boosted by a 60 percent rise in revenue ...

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EU considers using algorithms to detect anti-competitive acts

MECHELEN: To find companies that may be using software to fix prices, EU regulators may create their own algorithms. European Competition Commissioner Margrethe Vestager said that it’s now easy for price collusion to occur, Reuters reported. “It is a hypothesis that not all algorithms will have been to law school,” Vestager ...

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Twitter urges all users to change passwords after glitch

LONDON: Twitter Inc urged its more than 330 million users to change their passwords on Thursday (May 3) after a glitch caused some to be stored in readable text on its internal computer system rather than disguised by a process known as “hashing”. The social network disclosed the issue in ...

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Thirteen trapped underground at South African gold mine

Thirteen miners were trapped underground at a South African gold mine on Thursday after an earthquake that measured 2.2 caused a cave-in, mine operator Sibanye-Stillwater said. The firm said it had made contact with three of the workers trapped in the Masakhane mine west of Johannesburg and had mobilized rescue ...

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Bombardier secures $1.4bn deal

American Airlines is purchasing 30 regional jets at a list price of $1.4 billion to bolster its fleet of short-haul aircraft, the company said Thursday. American plans to purchase 15 76-seat Embraer E175 aircraft from the Brazilian manufacturer and 15 76-seat Bombardier CRJ900 jets from the Candian aircraft maker. American ...

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