Friday, 22 February 2019

Business

150kg of suspect Polish beef sold to consumers in France: ministry

PARIS: Around 150 kilogrammes of the suspect Polish beef that has sparked a health scare in several EU countries was sold to consumers in France, the French agriculture ministry said. The meat was “sold to the consumer notably through butcher’s shops” which were now attempting to alert customers, a statement said. ...

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Unemployment rises in Spain after Christmas

MADRID: Spain’s unemployment rose 2.61 percent in January from a month earlier, or 83,464 people, as employers cut temporary jobs for the Christmas season, official data showed Monday. READ MORE: Trump says US to build ‘human wall’ on Mexico border if necessary The end of the Christmas and New Year ...

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‘Streak virus’ threatening to wipe out Banana

JOHANNESBURG: Bananas across Africa are reported to be infected with the ‘streak virus’ which can destroy entire plantations. Scientists mull to use powerful gene-editing tool CRISPR to make the fruit  immune to a virus. According to report,   Banana streak virus is a widespread pathogen that can eventually lead to the ...

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Facebook bans accounts tied to Indonesian fake news group

JAKARTA: Facebook has shut down hundreds of accounts and pages linked to an Indonesian group accused of spreading hate speech and fake news, the company said Friday. The world’s biggest social network said cyber group Saracen engaged in “coordinated abuse of the platform” by operating a network of hoax accounts ...

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Fiat Chrysler Canada auto sales fall 20 pct in Jan

Fiat Chrysler Automobiles NV reported about a 20 percent drop in total January auto sales in Canada. The company, which is among the top four carmakers in the country, sold 14,191 vehicles in the month, with its Alfa brand registering about a 60 percent plunge in sales.

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China offered to nearly halve cost of Malaysia’s $20bn rail project

KUALA LUMPUR: China offered to nearly halve the cost of a $20-billion rail project to save the centerpiece of its infrastructure push in Southeast Asia, two sources said on Thursday, but contradictory remarks by Malaysian ministers leave the outcome uncertain. The conflicting statements made over the past week on the ...

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Apple apologizes for FaceTime bug

LONDON: Apple recently acknowledged the Group FaceTime bug that allowed people to eavesdrop on others, and apologized for it. However, the fix, which was supposed to come this week, has been delayed to next week. The bug was discovered earlier this week after people caused uproar about privacy concerns. However, ...

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U.S., China all smiles on trade but doubts persist

WASHINGTON: The United States and China radiated positivity after this week’s trade talks but doubts persist about the chances of sealing the overarching deal Donald Trump wants. After two days of high-level negotiations in Washington, President Donald Trump hailed the “tremendous progress,” and the Chinese delegation said the talks had ...

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Amazon profit jumps

SAN FRANCISCO: Amazon reported its profit in the past quarter surged on strong holiday retail sales and its soaring cloud computing business. The US tech giant said profit jumped 63 percent from a year ago to $3.0 billion in the fourth quarter as revenues increased 20 percent to $72.4 billion. ...

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Italian economy enters technical recession

ROME: The Italian economy contracted 0.2 percent in the fourth quarter of 2018 quarter-on-quarter, and the country has entered a technical recession, with its economy reaching the lowest level over the past five years, the Italian National Institute of Statistics (Istat) revealed. Italy’s GDP has been falling for two quarters ...

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