Monday, 3 August 2020

Business

Royal Dutch Shell beats profit expectations

LONDON: Royal Dutch Shell reported on Thursday a small drop in first quarter profit to $5.4 billion, but still easily beat forecasts, helped by stronger trading and liquefied natural gas earnings. Shell’s results outshone those of rivals Exxon Mobil, Chevron and BP which all saw sharp declines in profits in ...

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EU fine on Google weighs on parent Alphabet profits

SAN FRANCISCO: Google parent Alphabet reported that profit in the first three months of this year sagged under the weight of a hefty antitrust fine in the European Union. Alphabet said that profit in the first-quarter fell 29 percent to $6.7 billion on revenue that climbed 17 percent to $36.3 ...

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Virgin Australia to defer deliveries of Boeing 737 MAX aircraft

SYDNEY: Virgin Australia Holdings said on Tuesday it had reached an agreement with Boeing to delay deliveries of the US planemaker’s now contentious 737 MAX aircraft. Last month, Australia’s civil aviation safety authority suspended Boeing’s 737 MAX aircraft from flying to or from Australia, following fatal crashes involving Boeing’s latest ...

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Apple cracks down on 3rd-party parental control apps

LONDON: Apple has always believed that parents should have tools to manage their children’s device usage. It’s the reason they created, and continue to develop, Screen Time. Other apps in the App Store, including Balance Screen Time by Moment Health and Verizon Smart Family, give parents the power to balance ...

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Microsoft tops $1 trillion as it predicts more cloud growth

NEW YORK: Microsoft Corp briefly topped $1 trillion (774 billion pounds) in value for the first time after executives predicted continued growth for its cloud computing business. The Redmond, Washington-based company beat Wall Street estimates for quarterly profit and revenue, powered by an unexpected boost in Windows revenue and brisk ...

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Work messaging app Slack takes next step for IPO

NEW YORK: Work messaging platform Slack is taking the next step in filing to go public, the latest in several highly anticipated tech IPOs. In documents posted with the Securities and Exchange Commission Friday, Slack Technologies Inc. says it posted a loss of $138.9 million on revenue of $400 million ...

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British airline EasyJet bans peanuts on flights

LONDON: British airline easyJet has stopped selling peanuts and will remove all nuts from inflight foods, it said Thursday, to protect passengers with allergies. The no-frills carrier said passengers will also be asked not to eat nuts on board if fellow customers are allergic. “The safety and welfare of all ...

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Samsung to invest $9.6 billion annually in logic chips

SEOUL: Samsung Electronics plans to invest 11 trillion won ($9.57 billion) annually through 2030 in logic chip businesses, including its foundry business, and expects the move to help create 15,000 jobs over the period. The total investment of around 133 trillion won comes at a time when the world’s top ...

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Perrie Edwards is face of Superga SS19

LOS ANGELES: Perrie Edwards is the new face of Italian footwear brand Superga SS19 and has created her own edit which will be released at different stages throughout the year. Little Mix star Perrie Edwards is the new face of Italian footwear brand Superga SS19. The 25-year-old singer has teamed ...

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Pride and pique as Louboutin takes Pakistan chappal global

PARIS/PESHAWAR: Famed for luxury red-soled stilettos, French shoe designer Christian Louboutin has taken inspiration for a new sandal from Pakistan’s tribal frontier, sparking claims of cultural appropriation along with grins from grizzled Pakistani cobblers. A post on Louboutin s Instagram last month announcing the release of the shoe sparked a social ...

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