Tuesday, 17 July 2018

Business

Europe stocks upbeat as data cloud Wall Street

LONDON:  European stock markets seemed happy to quietly carry the week’s gains into the weekend, while Wall Street’s worries about retail weakness were compounded by soft core inflation data. Department store chain J.C. Penney reported disappointing sales Friday, adding to concerns over retail sector business sparked by giant Macy’s figures ...

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Uber pledges to invest $500 million in Pakistan by 2020

LAHORE: Ride-hailing technology giant Uber has pledged to invest an additional $500 million to grow its operations in the country, the company revealed on Saturday. The announcement came a week after Pierre-Dimitri Gore-Coty took charge of the company s Europe, Middle East and Africa division. The Uber team and Gore-Coty had ...

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Apple’s supplier starts production of ‘A11’ chipset for iPhone 8

PARIS: Taiwan Semiconductor Manufacturing (TSMC) has begun production of Apple’s A11 chipset that will power the iPhone 8. TSMC had initially targeted to produce the chipset much earlier, but due to issues ‘involving stacking components in the backend integrated fan-out packaging process’, it had been delayed – but they have ...

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Setback for Uber as EU court advised to treat it as transport firm

PARIS: Uber faces the biggest challenge yet to its European roll-out after the region’s top court was advised to rule that the U.S. ride-hailing firm is actually a transport service not an app. Although the opinion of the Court of Justice of the European Union’s (ECJ) Advocate General Maciej Szpunar ...

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Brexit won’t stop Asia from investing in the UK

LONDON: For most Asian property investor, the UK has been one of the most desirable additions to their portfolio and according to the latest figures, this isn’t going to change any time soon. Research from property investment firm JLL reveals that neither the Brexit uncertainty nor the somewhat rushed snap ...

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Massive phishing attack targets millions of Gmail, Google docs users

LONDON: An unusually sophisticated identity phishing campaign appeared to target Google’s roughly 1 billion Gmail users worldwide, seeking to gain control of their entire email histories and spread itself to all of their contacts, Google confirmed Wednesday. The worm – which arrived in users’ inboxes posing as an email from ...

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The Eagles sue Hotel California

PARIS: The Eagles have filed a lawsuit accusing the owners of a Mexico hotel of using the name “Hotel California,” arguably the band’s most famous song, without permission. In a complaint filed late Monday, the Eagles said owners of the 11-room Todos Santos hotel in Baja California Sur “actively encourage” ...

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Apple in talks to launch money-transfer service

PARIS: Apple Inc has held talks with payments industry partners about launching a money-transfer service. The service will allow iPhone owners to transfer money digitally to other iPhone users, citing sources familiar with the talks. Apple will announce the new service later this year, one source told Recode, while another ...

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Tickets on sale for first non-stop Perth to London flight

LONDON: Passengers hoping to travel on Qantas’ first direct flight between Perth and London will pay a “very competitive” $2270 for a return economy fare, The West Australian can reveal. Qantas is expected to be overwhelmed by demand for the 18-hour, nonstop service when the flights go on sale from ...

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Brexit: Farmers to Use Machines to Make Up for Loss of EU Workers

LONDON: Robots will fill the void left by EU nationals once Brexit kicks in, farming experts have said. A new generation of robots are being readied to fill a labor shortage on Britain’s farms, which is expected post-Brexit. The robot, called Thorvald, has been designed for unskilled tasks. According to sources, Thorvald has already altered ...

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