Saturday, 18 January 2020

Business

Google marks 2019 CWC with a doodle

LONDON: As the 2019 ICC Cricket World Cup will run from May 30 to July 14 in England and Wales, the Google has marked the mega event with a doodle to make sure the cricket fans have something to cheer for on the search engine. When you open Google in ...

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Google accepts corrective measures for terms of service

SEJONG: Google Inc. has corrected some of its terms of service, South Korea’s antitrust regulator said Thursday, in a move to carry out the world’s first corrective recommendation for the U.S. internet giant. The move came two months after the Fair Trade Commission (FTC) said Google should inform its users ...

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Huawei calls for quick end to US ban

SHENZHEN: Huawei has called for a speedy end to the conflict between itself and the US government. The firm’s legal chief has said adding Huawei to a blocked “entity list” sets a “dangerous precedent”, with other companies now potentially at risk of similar bans if they upset the US. Speaking ...

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Abraaj Group founder Arif Naqvi released on bail

LONDON: Abraaj Group founder Arif Naqvi has been released on bail after arranging for the payment of £15 million – the largest security ever ordered in the UK’s judicial history. A source at the Westminster Magistrates Court confirmed to The News that the Pakistani businessman and philanthropist has been released ...

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Apple unveils first new iPod model in four years

LONDON: Apple introduced its first new iPod model in four years, highlighting music and games as it continued to make a priority of serving up digital content. The new-generation iPod touch, essentially an iPhone without the phone calls, was available in more than two dozen countries at Apple’s online shop ...

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Pakistan Stock Exchange CEO Richard Morin resigns

KARACHI: Pakistan Stock Exchange (PSX) chief executive officer Richard Morin resigned from his post. A notification of his resignation was shared on the PSX website. According to DawnNewsTV, an emergency meeting of the PSX Board of Directors (BoD) was held today during which Morin submitted his resignation. It was approved by ...

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Alibaba mulls second listing to raise $20bn

HONG KONG: Alibaba Group Holding Ltd is considering raising $20 billion through a second listing in Hong Kong, Bloomberg reported on Monday, citing unnamed people with knowledge of the matter. The Chinese e-commerce company is working with financial advisers on the planned offering and is aiming to file a listing ...

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Huawei reviewing FedEx relationship, says packages ‘diverted’

HONG KONG: Chinese telecoms equipment maker Huawei is reviewing its relationship with FedEx Corp after it claimed the US package delivery company, without detailed explanation, diverted two parcels destined for Huawei addresses in Asia to the United States and attempted to reroute two others. Huawei told Reuters that FedEx diverted ...

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Shell reports discovery of Albanian oil deposit

TIRANA: Anglo-Dutch oil giant Shell said it had made “a significant light oil discovery” in Shpirag, a mountain region some 120 kilometres (72 miles) from the Albanian capital Tirana as earlier tests bore fruit. “We are pleased that these initial tests have confirmed the potential of this discovery and look ...

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