Saturday, 4 December 2021

Business

Arrests made over Three mobile cyber hack

Three men suspected of breaching customer data to steal phones have been arrested. The breach at mobile network Three is understood to have involved fraudsters accessing personal data, including names and addresses, by using authorised logins to its database of customers eligible for an upgrade. The men are thought to ...

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Audi to produce just one US diesel model after emissions scandal

BERLIN: Luxury German auto brand Audi envisions the potential of just one diesel model in its US product mix in the wake of the diesel emissions scandal that has embroiled its parent company Volkswagen, according to Audi’s US head. “Once we hopefully get past everything, I see an opportunity to ...

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Here’s what the world’s richest man just bought

LONDON: Amancio Ortega, Europe’s richest man and founder of global fashion group and Zara owner Inditex , has bought one of Madrid’s most famous skyscrapers for 490 million euros ($551 million) through his property investment arm, a source said. The purchase marks another step in the famously-reclusive billionaire’ s strategy ...

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WhatsApp adds secure video calling amid privacy concerns

KARACHI: One of the world’s most popular means of communication, Facebook’s WhatsApp, is adding fully encrypted video calling to its messaging app on Monday, a move that comes as privacy advocates worry about the potential for stepped-up government surveillance under a Trump administration. WhatsApp, which boasts more than a billion ...

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Sweden eyeing e-currency

STOCKHOLM: Sweden’s Riksbank may launch its own e-currency becoming the first major central bank in the world to create its own virtual money as the use of cash declines, Deputy Governor Cecilia Skingsley said on Wednesday. The value of cash in circulation in Sweden — where the first banknotes were ...

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European equities push higher

LONDON: Europe’s main stock markets pushed higher on Tuesday as investors reacted to a surprise dip in British inflation and shrugged off slower-than-expected German economic growth. Meanwhile, on Wall Street the Dow pulled off a record close after six-day winning streak as US markets continued to adjust following last week’s ...

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Pakistan-Indonesia trade volume reaches $2.3b: Santoso

KARACHI: Indonesia’s Consul General Hadi Santoso on Tuesday said that the Pakistan-Indonesia trade volume has reached almost $2.3 billion, which was $1.6 billion in November 2014. The Indonesia’s consul general is about to leave Karachi after successfully completing his tenure. He assumed charge as the consul general in November 2014. ...

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India, Bangladesh owe Pakistan Rs 15.25 billion

KARACHI: The federal government has decided to demand its outstanding amount from India and Bangladesh. The State Bank of Pakistan (SBP) has written to all commercial banks and development finance institutions, asking for details of accounts of assets and other dues receivable from the two countries. The purpose is to ...

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Start of trade through CPEC excites businessmen

LAHORE – Following the start of trade through Gwadar Port under the China-Pakistan Economic Corridor (CPEC) project, the business community, while showing its excitement, has said the dream has come true and the country has taken a giant leap towards economic stability. Lahore Chamber of Commerce & Industry (LCCI) President ...

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