Business

SOFIA: A family of five who traded all of their possessions for bitcoin and decided to live solely on it, began their three-year world tour on Tuesday (July 16) with the mission to educate people about cryptocurrency. Dutchman Didi Taihuttu, his wife Romaine and their three daughters will travel the ...

LONDON: British Airways and Lufthansa both said Saturday they were suspending flights to Cairo for unspecified reasons related to safety and security. The British carrier said it was cancelling flights to the Egyptian capital for a week. The German airline said normal operations would resume Sunday. Both carriers delivered two-sentence ...

LONDON: Britain’s finance minister Philip Hammond said on Sunday he would resign on Wednesday before his expected sacking by the favorite to become Britain’s next prime minister, Boris Johnson, takes office. “I am sure I am not going to be sacked because I am going to resign before we get ...

WARSAW: Poland’s telecom regulator has urged the government to press ahead with regulatory changes related to permissible radiation levels that are key to rolling out next-generation 5G networks in the country in line with European Union requirements. As an EU member Poland is obliged to have an operational 5G network ...

BRUSSELS/LONDON: Brussels gave its blessing to Vodafone’s $22 billion purchase of Liberty Global’s cable networks in Germany and central Europe, clearing the way for the British company to become Europe’s largest mobile, broadband and TV provider. The deal is the standout move by Vodafone in its bid to become a ...

FRANKFURT: Germany’s Bayer AG on Friday welcomed a conditional ruling by a U.S. judge calling for a retrial of the case of a couple awarded $2 billion in damages by a jury who found that its glyphosate-based weedkiller caused their cancer. Shares in Bayer were up 1.4% in early Frankfurt ...

ISLAMABAD: Vice President of Huawei Group Mark Xueman Wednesday said his company would set up a regional headquarters in Islamabad at a cost of $55 million, which would create job opportunities for local young engineers. The leading Chinese mobile phone company would invest total $100 million in Pakistan during the ...

BRUSSELS: The European Union is opening a new front in its quest to more closely regulate big tech companies, saying Wednesday it was investigating whether US online giant Amazon uses data from independent retailers to gain an illegal edge when selling its own products. EU antitrust Commissioner Margrethe Vestager said ...

UNITED NATIONS: Iran´s foreign minister renewed accusations that the United States was waging “economic terrorism,” on a visit to the United Nations during which Washington has sharply curtailed his movements. After months of soaring tensions, Foreign Minister Mohammad Javad Zarif came to New York for a UN session on sustainable ...

FRANKFURT: Vodafone said on Tuesday it was launching 5G services in Germany, taking on Deutsche Telekom by offering cheaper deals and reaching more cities than the market leader that went live last week. Vodafone, which has already launched limited 5G services in its British home market, is switching on 5G ...