Friday, 18 October 2019

Business

Why the UK can still be strong after Brexit

PARIS: Britain can still punch above its weight globally even after it exits the European Union, Foreign Secretary Jeremy Hunt said on Wednesday ahead of a key parliamentary vote at home. Although Britain is neither a superpower nor in possession of an empire, the country still has the military might, ...

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Afghanistan gold mine collapse kills 30

KABUL: At least 30 people have been killed in the collapse of a gold mine in north-eastern Afghanistan, officials say. The collapse occurred in the Kohistan district of Badakhshan province. Villagers had reportedly dug a 60m (220ft) deep but makeshift shaft in a river bed to hunt for gold and ...

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Laundry-folding machine actually works now

LONDON: Would you pay $1,000 to outsource your most hated chore to a giant robot? That’s the question FoldiMate, the company behind the laundry-folding robot of the same name, once again asks us to consider. The company, which we last year dubbed our favorite bad idea of CES, is back ...

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WhatsApp alert: Beware of new viral video scam

DUBAI: The popular messaging service is targeted by several scams and viruses. Another WhatsApp scam message is back and making the rounds just a few months after the UAE issued a warning against a virus that plagued its users. Although the ‘WhatsApp Gold’ virus update has been debunked, which started ...

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Abu Dhabi Crown Prince heads back; $3bn support to Pakistan confirmed

ISLAMABAD/DUBAI: Crown Prince of Abu Dhabi Sheikh Mohammad Bin Zayed Al Nahyan on Sunday afternoon left Islamabad for his home country after a day-long official visit. The visit has confirmed the speculations about a financial package by the oil-rich middle-east emirate to Pakistan, which was doing rounds since last week. ...

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Opec output posts biggest drop since 2017

LONDON: Opec oil supply fell in December by the largest amount in almost two years, a Reuters survey found, as top exporter Saudi Arabia made an early start to a supply-limiting accord while Iran and Libya posted involuntary declines. The 15-member Organisation of the Petroleum Exporting Countries (Opec) pumped 32.68 ...

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China names new moon rover “Yutu-2”

BEIJING: China has chosen the name “Yutu-2”, or Jade Rabbit-2, for its new moon rover, the China National Space Administration (CNSA) announced late Thursday. The CNSA made the announcement after China’s Chang’e-4 probe, comprised of a lander and a rover, landed on the far side of the moon earlier in ...

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Sanofi to invest 80mn euros in BioNTech

FRANKFURT: French drugmaker Sanofi will invest 80 million euros ($90.9 million) in BioNTech and expand its collaboration with the German biotech group, BioNTech said on Friday. BioNTech, which first agreed a collaboration with Sanofi in 2015 in the area of cancer immunotherapy, did not specify the stake Sanofi would hold ...

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Indian SC revives class action law suit against Nestle

Maggi, Nestle India’s single-largest revenue earner, was banned by India’s food safety regulator FSSAI in June 2015 for six months across the country after a local food inspector in the Shahjahanpur district of Uttar Pradesh reported an excess of lead, ash, and monosodium glutamate (MSG) during a sample check. The ...

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Ethiopia’s Nile river dam may start working in 2020 despite Egypt’s fears

ADDIS-ABABA: The €3.3 billion ($4 billion) Grand Renaissance Dam, the largest hydroelectric project in Africa, is due to start initial operations in December 2020, according to Ethiopian Water and Energy Minister Seleshi Bekele. “750 megawatts is the planned initial production with two turbines. The government expected the dam to be fully operational by the end of 2022”, Bekele ...

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