Tuesday, 10 December 2019

Business

Daimler to invest $573mn in autonomous trucks

FRANKFURT: German luxury carmaker Daimler will invest 500 million euros ($573 million) in the coming years to develop highly autonomous trucks, it said on Monday, a move that will create more than 200 jobs. The spending plans are part of Daimler’s “global push to bring highly automated trucks (SAE level ...

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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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