Saturday, 26 September 2020

Business

Facebook launches selfie filter in campaign

BIRMINGHAM: On World Mental Health Day, Facebook launched a ‘Let’s Talk’ filter on Facebook and Messenger to help people have important conversations around mental health. Developed with inputs from the World Health Organisation (WHO), the filter acts as an invitation for friends who might be struggling to reach out for ...

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Barra takes hand in talks to end UAW strike

WASHINGTON: General Motors Chief Executive Mary Barra met personally with senior United Auto Workers officials to discuss the No. 1 US automaker’s most recent proposal to end a more than three-week-old strike that has cost it over $1 billion in lost profits, a union spokesman said on Thursday. Barra met ...

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HSBC to cut up to 10,000 jobs

LONDON: HSBC Holdings Plc is planning to cut up to 10,000 jobs, more than 4pc of its workforce, as interim Chief Executive Officer Noel Quinn seeks to reduce costs across the banking group, the Financial Times reported on Sunday. The plan represents the lender’s most ambitious attempt in years to ...

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Volkswagen increases stockpiles of cars in Britain ahead of Brexit

STUTTGART: Volkswagen has increased stockpiles of cars in Britain, it said on Wednesday, as politicians struggle to nail down the terms of the country’s departure from the European Union ahead of an Oct. 31 deadline. The potential for a disorderly “no deal” Brexit, and concerns about future trading relations, are ...

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WhatsApp’s long-awaited Dark Mode feature launch soon

LONDON: Dark Mode has long been rumoured to come on WhatsApp. Some bits of the feature even made it to the older iterations of WhatsApp’s beta on Android. The stable version, however, never got the feature despite a lot of anticipation. Now, WhatsApp’s latest beta version on Android has revived ...

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Southwest pilots sue Boeing for misleading them on 737 MAX

MADRID: The Southwest Airlines Pilots Association (SWAPA) said on Monday it had filed a lawsuit against Boeing Co alleging that the planemaker “deliberately misled” the airline and pilots about its 737 MAX aircraft. The grounding of the 737 MAX in March has wiped out more than 30,000 Southwest Airlines flights, ...

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Samsung predicts profit decline as chip market swoons

SEOUL: The South Korean technology giant predicted its operating profit for the last quarter will fall by more than half from a year earlier amid sluggish global demand for computer chips. Samsung Electronics estimated an operating profit of 7.7 trillion won ($6.4 billion) for the July-September quarter, which would be ...

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Sri Lankan business tycoon released from US Prison

COLOMBO: A native of Sri Lankan and American business tycoon, Raj Rajaratnam has been released two years prior to completing his sentence of 11 years in a prison outside Boston. The infamous business mogul, who was the co-founder of Galleon Group LLC, had been convicted on the charges of insider ...

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Unilever to halve use of new plastic

THE HAGUE: Anglo-Dutch commercial giant Unilever said Monday it will cut its use of new plastic by half by 2025 as pressure grows on multinational companies to do more for the environment. The firm, which owns brands including Dove soap, Ben and Jerry’s ice cream and Marmite, would cut annual ...

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