Monday, 10 May 2021

Business

Bitcoin crosses $60,000 for the first time

PARIS: Bitcoin saw a brief surge on Saturday as it went past $60,000 for the first time on the back of increased support from corporate heavyweights that has helped the world’s most popular cryptocurrency maintain its  record-shattering streak. The cryptocurrency hit an all-time high of $60,012 at 1149 GMT, according ...

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Asian markets rally on Fed growth, rate outlook

HONG KONG – Equities rallied in Asia after the Federal Reserve ramped up its outlook for the US economy but reiterated its pledge to maintain its ultra-loose market-friendly monetary policies for as long as needed. With growth already expected to burst higher this year, huge stimulus spending kicking in and ...

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Post-Brexit UK-EU trade plummets

LONDON – Trade between Europe and Britain plunged by a record amount in January, the UK’s first month outside the EU single market after 47 years of bloc membership, data showed on Thursday. The EU’s Eurostat statistics agency said that exports from Europe to the UK sank by 27.4 per ...

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Starbucks sets goal of making its green coffee carbon neutral

Starbucks said at its annual shareholder meeting that it plans to make its green coffee carbon neutral by 2030. The coffee giant is also aiming to halve water usage in green coffee processing by 2030. Green coffee beans are the seeds of coffee fruit that have been separated but haven’t been ...

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Google To Face USD 5 billion Lawsuit

LONDON: Google will face a class action lawsuit that has alleged that the company collects data from users even when they are browsing in incognito mode. According to a report published by Bloomberg, a federal judge in California noted on Friday that the tech giant, “did not notify users that ...

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Dutch inventor of audio cassette dies at age 94

THE HAGUE: Lou Ottens, the Dutch inventor of the cassette tape, the medium of choice for millions of bedroom mix tapes, has died, said Philips, the company where he also helped develop the compact disc. Ottens died Saturday at age 94, Philips confirmed. A structural engineer who trained at the ...

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Record WhatsApp calls on iPhone, Android

LONDON: if you are an Android user, chances are that you will already have a call recorder installed on your phone. You can use that to record both voice and video calls, given that your phone has the option of multitasking. As soon as you make a phone call, open ...

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Singapore becomes world’s first to approve sale of lab-grown meat

SINGAPORE: Singapore has given US start-up Eat Just the green light to sell its lab-grown chicken meat, in what the firm says is the world’s first regulatory approval for so-called clean meat that does not come from slaughtered animals. Demand for alternatives to regular meat is surging due to consumer ...

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Tesco to repay £585 mil in virus business rates relief

LONDON: Tesco, Britain’s biggest retailer, said it will repay £585 million of Covid-19 pandemic business rates relief it received from the government as some of the risks of the crisis were behind it. Britain’s supermarket groups have performed well during the pandemic but have been criticised by lawmakers and media ...

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