Sunday, 19 January 2020

Business

Alphabet to shut Google+ social site after user data exposed

LONDON: Alphabet Inc’s Google will shut down the consumer version of its failed social network Google+ and tighten its data sharing policies after announcing that private profile data of at least 500,000 users may have been exposed to hundreds of external developers. The issue was discovered and patched in March ...

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Lufthansa and Ryanair settle dispute over leased planes

  VIENNA: Lufthansa and Ryanair-backed carrier Laudamotion settled a dispute over leasing contracts, avoiding a London court hearing that was scheduled for November, both airlines said on Tuesday. The German flagship carrier said in July it wanted to end an agreement to lease planes to Laudamotion, claiming the Austrian leisure ...

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Citibank Europe fined €1.33m by Central Bank

The Central Bank has fined Citibank Europe €1.33m and reprimanded it for six breaches of the Code of Practice on Lending to Related Parties after it said it had fallen far short of expectations. Citibank Europe, which operates branches across Eastern Europe from its Dublin headquarters, admitted the breaches. This ...

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Japanese tycoon going on SpaceX rocket says he trusts Musk

TOKYO: The Japanese online retail tycoon who plans to travel to the moon on the SpaceX rocket says he respects and trusts Elon Musk as a fellow entrepreneur, despite his recent troubles. “Twitter can get you into trouble,” Yusaku Maezawa, chief executive of Zozo Inc., said Tuesday at the Foreign ...

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Indian Jeweller Nirav Modi sold fake diamonds to Canadian national

TORONTO: Jeweller Nirav Modi, who is wanted in a multi-crore banking fraud in India, allegedly sold fake diamond rings to a Canadian national that cost him US$200,000, his girlfriend and also pushed him into depression. Paul Alfonso, who had no clue Modi was involved in a US$2 billion fraud at ...

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UK seeks additional reassurances from Comcast on independence of Sky News

  Comcast emerged triumphant in the long-running battle for the pay-TV group after it beat Murdoch’s Twenty-First Century Fox in a rare auction held last month Britain has sought additional reassurances from cable company Comcast over the editorial independence of the Sky News television channel following the US group’s takeover ...

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China used tiny chips on US computers to steal secrets

WASHINGTON: Tiny chips inserted in US computer equipment manufactured in China were used as part of a vast effort by Beijing to steal US technology secrets, a published report said. The Bloomberg News report said the chips, the size of a grain of rice, were used on equipment made for ...

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Wetherspoon, McDonald’s, TGI Friday staff holding strike

LONDON: Staff at McDonald’s, JD Wetherspoon and TGI Fridays are all to go out on strike together over working conditions. The group from the hospitality sector are set to strike on October 4 and join a rally at Leicester Square in London. Workers from two Wetherspoon pubs in Brighton, as ...

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