Wednesday, 13 November 2019

Business

Brazil’s Gol speeds up fleet renewal to reduce debt costs

AO PAULO: Brazilian airline Gol Linhas Aereas Inteligentes SA said it will replace 13 Boeing 737 Next Generation (NG) aircraft with the newer Boeing 737 MAX-8 between 2019 and 2021 as part of a plan to accelerate its fleet renewal and reduce debt costs. In a securities filing on Wednesday, ...

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GoFundMe Donors Getting More than $400,000 Refunds From Scam

MOUNT HOLLY-AP: GoFundMe says it has refunded everyone who contributed to a campaign involving a homeless veteran from Philadelphia who prosecutors allege schemed with a New Jersey couple to scam donors out of more than $400,000. GoFundMe spokesman Bobby Whithorne said Tuesday that “all donors who contributed to this GoFundMe ...

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Tokyo stocks plunge in Christmas rout

TOKYO: Tokyo stocks plunged on Tuesday as the few Asian markets open on Christmas suffered a holiday rout on fears about the US economy and a government shutdown in Washington. Tokyo markets, which were closed on Monday for a national holiday, plummeted at the open on Tuesday, with the Nikkei ...

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Maruti Suzuki to recall 5,900 mini pickup trucks

NEW DELHI: Maruti Suzuki India Ltd, the country’s top-selling car maker, said on Wednesday it would recall 5,900 mini pickup trucks to inspect a defect in the fuel filter of some units. The automaker will inspect the likely defect in its Super Carry vehicles manufactured between April 26 – Aug ...

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South Korea fines BMW 11.2b won for engine fires

SEOUL : South Korea’s transportation ministry fined BMW 11.2 billion won (US$9.93 million) for allegedly trying to hide faulty parts and belatedly recalling its vehicles after some engines caught fire. About 40 engines of BMW vehicles caught fire earlier this year, prompting the German luxury carmaker to recall some 100,000 ...

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Facebook secretly developing cryptocurrency for WhatsApp users

CALIFORNIA: Tech giant Facebook is secretly working on developing a cryptocurrency that will let users transfer money on WhatsApp. Initially it will be launched in India, people familiar with the matter say. Bloomberg reported that the company is developing a stablecoin – a type of digital currency pegged to the ...

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Dubai government to launch taxi venture with Careem

DUBAI: Dubai’s transport regulator is to launch a new taxi service with Careem, a ride-hailing rival to Uber in the Middle East. The emirate’s Roads and Transport Authority (RTA) said the deal was the first in the world between a state transport authority and a private sector ride-hailing service, which ...

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Italy’s 2019 budget approved by senate soon

ROME: On December 19 the long lasting controversy over Italy’s budget for the 2019 fiscal year was settled during talks between Rome and Brussels, which paved the way for a national-level approval procedure. The upper house of the Italian parliament approved Rome’s proposed 2019 budget plan on Sunday. The government’s ...

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Scientists discover way to turn copper into gold

BEIJING – Alchemists have been struggling for ages to create the legendary philosopher’s stone capable of, among other things, turning base metals into precious ones, and specifically – into gold. Modern day Chinese scientists seem to have finally come close to performing such a transformation. A group of Chinese scientists ...

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UK can still hold 2nd Brexit referendum: France

PARIS: France says the door is still open for the United Kingdom to hold a second Brexit referendum, as a deadlock in London over the matter has raised the prospects of either a second plebiscite or a “no-deal” Brexit. “The door remains open, but it will be up to them ...

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