Friday, 22 June 2018

Business

Uber Loses Its Chief Product Officer

Uber’s chief product officer, Jeff Holden, said he is leaving the company after a four-year stint that included the development of the company’s carpool service and oversight of its flying-taxi initiative. Mr. Holden told colleagues his last day at the San Francisco ride-hailing firm is Thursday, a spokesman confirmed. Uber ...

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London Mayor Sadiq Khan launches plan for 10000 council homes

LONDON Mayor Sadiq Khan is offer London boroughs the funding to start building 10,000 new council homes over the next four years. The London mayor has unveiled a £1.67 billion programme, Building Council Homes for Londoners, which aims to boost the number of local authority homes in the capital. The ...

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iPhones may come with USB Type-C fast charger

LONDON: Apple iPhones coming in 2018 could come with one major update. A report from ChargerLab claims that Apple iPhones that are expected to launch in September will ship with an 18-watt USB Type-C Lightning fast charger. This will not only facilitate faster charging but also enable faster data transfer. ...

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Tesla confirm driver had engaged autopilot in crash

WASHINGTON: The National Highway Traffic Safety Administration (NHTSA) said on Wednesday that it was sending a team to investigate the crash of a Tesla Model S in Utah last week. The driver of the Tesla said the car was in ‘Autopilot’ mode at the time of the crash when the ...

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Circle Announces USD Cryptocurrency

LONDON: The company said the latest investment raises its valuation to about $3 billion, from a reported $480 million in 2016. Investors in previous funding rounds include such giants as Goldman Sachs, Baidu and investment bank China International Capital. Also, Circle announced that it will issue fiat-based digital tokens. The ...

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Facebook Removed 583 Million Fake Accounts

LONDON: Facebook has had community standards and a dedicated safety team for years now, but has previously been reluctant to share exactly how guidelines are enforced and how much content is actually removed. Today (15 May), the company released figures around the removal of content for the first time in an unprecedented ...

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Bangladesh bourse sells stake to China, rejects India bid

DHAKA: Bangladesh’s main stock exchange signed an agreement Monday selling a quarter of the bourse to a Chinese consortium, an official said, formally rejecting a rival bid from regional ally India. Officials from the Shenzhen Stock Exchange and Shanghai Stock Exchange inked the deal to acquire 25 percent of the ...

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Xerox Scraps $6.1 Billion Fujifilm Deal

LONDON: Activist investors Carl Icahn and Darwin Deason prevailed in their bid to stymie Fujifilm Holdings Corp.’s $6.1 billion takeover of Xerox Corp. and to push out the U.S. office equipment supplier’s chief executive officer. Jeff Jacobson, the CEO who oversaw the initial deal with Fujifilm, will step down under ...

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Aden refinery seeking 150,000 tonnes of oil products

ADEN: Yemen’s Aden refinery is seeking 150,000 tonnes of oil products for the local market in two separate tenders, the state news agency SABA said on Sunday. The refinery is seeking 30,000 tonnes of unleaded petrol and 30,000 tonnes of diesel in its first tender, as fuel supplies ran low ...

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ZTE ends ‘major operations’ after US export ban

NEW YORK/BEIJING: ZTE, one of China’s leading technology companies, has announced it will end “major operations,” after the U.S. government barred American firms from doing business with the telecom equipment maker. The announcement by the fourth-largest wireless equipment maker in the country comes amid an escalating trade battle between the ...

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