Saturday, 19 August 2017

Business

Judge orders Amazon refunds for children’s in-app purchases

NEW YORK: Thursday directed Amazon Inc to set up a year-long process to reimburse parents whose children made in-app purchases without permission, but rejected a U.S. regulator’s request for a $26.5 million lump-sum payout. U.S. District Judge John Coughenour, in Amazon’s hometown of Seattle, issued his order more than six ...

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Oil down on knife-edge US vote

SINGAPORE: Oil prices were down in Asian trade Wednesday as early US presidential election results indicate a knife-edge outcome, with market favourite Hillary Clinton struggling in key battleground states. Analysts warned it is still too early to predict a winner, despite a strong showing by Donald Trump, with several states ...

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Asia markets track global surge as Trump fears ease

HONG KONG: Asian equities soared Thursday, joining a goldrush across world markets as the initial shock of Donald Trump s election win was replaced by hopes his plan to kickstart the US economy will succeed. Trading floors were awash in red Wednesday as the region s investors were the first to react ...

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Pakistan First electric vehicle charging station launched

LAHORE: Dewan Motors on Tuesday inaugurated Pakistan’s first public charging station for electric vehicles and plug-in hybrid electric vehicles at the Emporium Mall in the provincial capital. Foreseeing the growth potential of plug-in hybrid and electric vehicles in the country, Dewan Motors took the first step towards electric mobility in ...

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India scraps 500 and 1,000 rupee bank notes overnight

DEHLI: Indian Prime Minister Narendra Modi has announced that the 500 ($7.60) and 1,000 rupee banknotes will be withdrawn from the financial system overnight. The surprise move, announced on Tuesday evening, is part of a crackdown on corruption and illegal cash holdings. Banks will be closed on Wednesday and ATM ...

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Pakistan can become world’s 18th largest economy by 2050

ISLAMABAD: Pakistan has the potential to become the 18th largest economy of world by 2050, leaving behind many strong economies, according to Jim O’Neill, a British economist. Jim O’Neill is famous for coining the term BRIC – Brazil, Russia, India and China in 2001, analyzing their potential to become the ...

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Six key things to know about Apple’s new iOS 10 software

CUPERTINO: Your iPhone will look and feel different with the iOS 10 software update. It will be easier to move around and do more without switching apps, but the changes will take getting used to. The changes are the most dramatic since 2013, when Apple redesigned icons and introduced functions ...

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Essex university professor leading research on GM ‘wonder-wheat’

A professor from the University of Essex is leading research into genetically modified wonder-wheat made with sprinkled gold dust that could help scientists feed the world. British scientists, led by Professor Christine Raines, are planning the world’s first field trials of a GM spring wheat with added genes to improve ...

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Alphabet’s unit discloses Snapchat investment

    Alphabet Inc’s venture capital arm CapitalG, earlier known as Google Capital, disclosed an investment in Snapchat by adding the social networking firm’s logo to a page on its investment portfolio website. CapitalG has not made a formal announcement and it was not clear when Google made the investment. ...

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