Friday, 20 September 2019

Business

Asian Markets In Retreat On Trade Uncertainty

HONG KONG: Asian markets sank again as investors grow increasingly pessimistic about the outlook for China-US trade talks, while a closely watched recession indicator hit a level not seen since just before the financial crisis. The pound remained under pressure after Prime Minister Boris Johnson forced an extended suspension of ...

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Women in gaming open up about sexual assault in the industry

LONDON: Ever since the MeToo movement started, more and more women from across various professions and walks of life have come forward with their own stories of sexual assault and harassment. Now it appears it might just be the video game industry’s turn in the spotlight. The floodgates opened when ...

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British airports to introduce 3D screening for carry-on bags

LONDON: Putting small containers of liquids in plastic bags could soon be a thing of the past for airline passengers in Britain after the government announced plans Sunday to introduce 3D screening equipment for carry-on luggage at all major airports. Transport Secretary Grant Shapps said in a statement that the ...

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Asian Development Bank raises $1 billion funding for Pakistan

MANDALUYONG: The Asian Development Bank (ADB) has increased funding amount for Pakistan by one billion dollars to support its energy sector, including hydropower and electricity generation programmes. Thereby, Pakistan will get $8 billion instead of $7 billion from the ADB. The programme has also been extended for improving Pakistan Railways’ ...

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Snapchat’s new bold logo sparks frustration

LONDON: Gen Z considers Snapchat its favorite social media platform, but it’s not the social app teens use the most. People hate even the simplest of changes, especially when it’s a brand or logo that’s been fairly consistent over time. Snapchat updated their logo last week, making the outline of ...

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British Airways pilots to strike for three days in September

LONDON: British Airways pilots are to go on strike for three days in September, their union said on Friday, in a dispute over pay that could disrupt the peak summer holiday season. Last month, the pilots overwhelmingly voted for industrial action and the airline, which is part of IAG, failed ...

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Ryanair to shut four Spanish base next year -union

DUBLIN: Ryanair has decided to close its Spanish bases in Las Palmas, Tenerife South, Lanzarote and Girona from January, putting the jobs of more than 500 pilots and cabin crew at risk, the local USO union said on Friday. Ryanair told staff last month it planned to cut its presence ...

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These Apple, Samsung phones are ‘harmful’ to the body

LONDON: Tech giants Apple and Samsung have been sued in the US over harmful radio frequency (RF) exposure their smartphones may be emitting. The class-action suit, filed in the US District Court for the Northern District of California, claims RF radiation emitted from Apple and Samsung smartphones “exceed legal limits ...

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Telenor hit by tax reassessment expense of 2.5bn Norwegian crowns

OSLO: Norway’s Telenor received a tax reassessment order for its 2013 tax year, under which it will need to record an additional tax expense of about 2.5 billion Norwegian crowns ($278.44 million), the firm said on Thursday. “Telenor ASA received a reassessment order disallowing deduction for the loss Telenor ASA ...

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US-China trade war to keep pressure on oil markets

LONDON: The sustained US-China trade war, which saw further tariffs being announced last week by both countries, will continue to have a negative impact on the oil market, analysts said. China said it would start placing 5 to 10 per cent tariffs on over 5,000 American products worth $75 billion ...

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