Friday, 19 July 2019

Xinhua

Billionaire Ambani risks jail over missed Ericsson payments

NEW DELHI: India’s top court said Indian industrialist and chairman of Reliance Communications (RCom) Anil Ambani wilfully did not pay 77.3 million U.S. dollars to Swedish telecom equipment maker Ericsson, thereby holding him guilty of contempt in a case, officials said. “RCom had no intention to abide with the undertakings. ...

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Sri Lankan traditional dancers perform during Buddhist procession

Sri Lankan traditional Kandyan dancers perform in front of the Gangaramaya Temple in Colombo, Sri Lanka, on Feb. 19, 2019. Thousands of people with dozens of elephants gathered at the Gangaramaya Temple to take part in the annual Buddhist Navam procession scheduled for Feb. 18 to 19. (Xinhua/Gayan Sameera)   ...

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U.S. dollar falls amid rising sterling

FILE PHOTO: Bundles of banknotes of U.S. Dollar are pictured at a currency exchange shop in Ciudad Juarez, Mexico, January 15, 2018. REUTERS/Jose Luis Gonzalez/File Photo

NEW YORK: U.S. dollar fell on Monday, as investors’ growing optimism on US-China trade relations cut back on the greenback’s safe-haven demand. In late New York trading, the euro was up to 1.1312 U.S. dollars from 1.1295 dollars in the previous session. The Australian dollar fell to 0.7130 dollar from ...

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Huawei ranks world’s third biggest chip buyer

BEIJING – Huawei Technologies Co. ranked the world’s third-largest buyer of semiconductors in 2018, following Samsung Electronics Co. and Apple Inc, the China Daily reported, citing a recent report by U.S.-based research firm Gartner Inc. The Chinese tech company spent over 21 billion U.S. dollars on semiconductor chips last year, ...

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German drone market to grow to 3b euros by 2030

BERLIN: The German drone market is expected to grow from 574 million euros (649.28 million US dollars) to 3 billion euros by 2030, which corresponds to an annual average growth rate of 14 percent, according to a report by the German Unmanned Aviation Association (VUL) published on Monday. VUL will ...

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Bill Gates says China major contributor to global progress

NEW YORK: Bill Gates, co-chair of the Bill and Melinda Gates Foundation, Tuesday said that exciting progress against poverty and disease around the world has been made in 2018, and China has been a major contributor to this progress. In a video speech exclusively broadcast via Xinhua, Gates said over ...

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Japan demands apology from South Korea over remarks on emperor

TOKYO: Japanese Prime Minister Shinzo Abe demanded that remarks made by South Korea’s National Assembly speaker insisting that Emperor Akihito should apologize for the so-called “comfort women” issue be retracted. “I was astonished. We’ve immediately conveyed through diplomatic channels that the remarks were extremely inappropriate and deplorable,” Abe was quoted ...

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Thai princess excluded from list of candidates to run for PM in election

BANGKOK: Thailand’s Princess Ubolratana Mahidol has been excluded by the Election Commission from a list of candidates to run for the post of prime minister in the upcoming election in March. In a statement released on Monday, the Election Commission said that Princess Ubolratana, sister of King Maha Vajiralongkorn, has ...

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Sri Lanka to impose death penalty on drug convicts

COLOMBO: Sri Lankan President Maithripala Sirisena will impose the death penalty on convicted drug traffickers within the next two months after he vowed to free the country from the drug menace by 2020, local media reports said. Sirisena informed the parliament on Wednesday evening that he was determined to impose ...

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Unemployment rises in Spain after Christmas

MADRID: Spain’s unemployment rose 2.61 percent in January from a month earlier, or 83,464 people, as employers cut temporary jobs for the Christmas season, official data showed Monday. READ MORE: Trump says US to build ‘human wall’ on Mexico border if necessary The end of the Christmas and New Year ...

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