Sunday, 24 May 2020

Business

LVMH close to buying Tiffany for more than $16.3 billion

PARIS: French luxury group LVMH was hoping to clinch a deal to acquire US jewellers Tiffany after bidding more than $16 billion, according to a source close to the deal, confirming press reports. The deal would cost more than $16.65 billion once debt has been factored in, said the source, ...

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First phase of US-China trade deal ‘nearly complete’

WASHINGTON: US president Donald Trump declared that talks with China on the first phase of a trade deal were near completion after negotiators from both sides spoke by phone, signalling progress on an accord in the works for nearly two years. “We’re in the final throes of a very important ...

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Paging Dr. Robot: Artificial intelligence moves into care

l(AP) – The next time you get sick, your care may involve a form of the technology people use to navigate road trips or pick the right vacuum cleaner online. Artificial intelligence is spreading into health care, often as software or a computer program capable of learning from large amounts ...

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Musk suggests Tesla has 200,000 orders for Cybertruck

Tesla Inc Chief Executive Officer Elon Musk indicated in a tweet that the electric carmaker received 200,000 orders for its electric pickup truck within three days of its launch. Musk, who has been regularly tweeting about the Cybertruck’s features since its launch late Thursday, has also been updating his followers ...

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Amnesty International calls Facebook, Google rights abusers

SAN FRANCISCO (AFP) – The data-collection business model fueling Facebook and Google represents a threat to human rights around the world, Amnesty International said in a report. The organization argued that offering people free online services and then using information about them to target money-making ads imperils a gamut of ...

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Amazon sues over $10b Pentagon contract with Microsoft

NEW YORK: Amazon Web Services has filed a lawsuit contesting the Pentagon’s decision to award a cloud computing contract to rival Microsoft in late October. A spokesperson for the company told CBS News the evaluation process for awarding the $10 billion contract “contained clear deficiencies, errors, and unmistakable bias.” “[Amazon ...

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Fitch upgrades Armenia to ‘BB-‘, outlook stable

Fitch Ratings has upgraded Armenia’s Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to ‘BB-‘ from ‘B+’. The Outlook is stable. The upgrade of Armenia’s IDRs reflects the following key rating drivers and their relative weights: Armenia’s institutions have facilitated a peaceful and orderly political transition and could strengthen further through ...

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Adobe revealed the roadmap for Photoshop on iPad

LONDON: Photoshop for iPad might not include all the crucial features that make the app a mandatory tool for professionals, but Adobe is hard at work to further improve the experience on Apple’s tablets. Today, the company revealed the roadmap for Photoshop on iPad, which outlines what’s coming for the ...

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Conservatives to raise property purchase tax for non-UK residents

LONDON: Foreign buyers of English properties will have to pay a levy of 3% of the purchase value under plans put forward by Prime Minister Boris Johnson’s Conservatives, aimed at deterring wealthy investors from driving up house prices. The plans form part of the Conservative Party’s campaign to win a ...

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