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Facebook shut over half-a-billion fake accounts

Facebook shut over half-a-billion fake accounts

Facebook axed 583 million fake accounts in the first three months of 2018, the social media giant said Tuesday, detailing how it enforces “community standards” against sexual or violent images, terrorist propaganda or hate speech. (Reuters pic) PARIS: Facebook axed 583 million fake accounts in the first three months of 2018, the social media giant […]

May 15, 2018 | By | Reply More
Dr M ramping up pressure on Malaysian bonds

Dr M ramping up pressure on Malaysian bonds

Bond investors and rating companies are worried that plans to scrap the GST and reinstate fuel subsidies may hurt efforts to narrow a persistent budget shortfall. KUALA LUMPUR: Dr Mahathir Mohamad’s return may spell more pressure on Malaysia’s beleaguered bond market – almost a decade of efforts spent narrowing a fiscal deficit is at risk […]

May 15, 2018 | By | Reply More
Struggling Toshiba returns to black, avoids delisting

Struggling Toshiba returns to black, avoids delisting

Struggling Japanese conglomerate Toshiba said Tuesday it had bounced back into the black after a disastrous year and will avoid a humiliating delisting from the Tokyo stock exchange. Toshiba logo.(Reuters pic) TOKYO: Struggling Japanese conglomerate Toshiba said Tuesday it had bounced back into the black after a disastrous year and will avoid a humiliating delisting […]

May 15, 2018 | By | Reply More
J&J defends itself in trial over baby powder asbestos claims

J&J defends itself in trial over baby powder asbestos claims

A trial for a lawsuit alleging that Johnson & Johnson Baby Powder was responsible for the death of a woman due to her exposure to cancer-causing asbestos began in South Carolina on Monday in the latest case against the healthcare conglomerate and a supplier over their talc-based products. Bottles of Johnson & Johnson baby powder […]

May 15, 2018 | By | Reply More
Dr M, traders’ one-time foe, gets cautious market welcome

Dr M, traders’ one-time foe, gets cautious market welcome

The ringgit only went down 1% against the dollar yesterday despite fears that it would tumble as much as 4%, while the benchmark stock index also rebounded. Many investors are giving Prime Minister Dr Mahathir Mohamad some space, relying on the country’s solid fundamentals. KUALA LUMPUR: For a leader who once suggested outlawing currency trading, […]

May 15, 2018 | By | Reply More
Amazon adopts new policy to promote board diversity

Amazon adopts new policy to promote board diversity

Amazon.com Inc on Monday said it is adopting a new policy to promote diversity in its board director, saying that women and minorities are to be among the company’s board nominees. The Amazon logo is seen at the Young Entrepreneurs fair in Paris, France.(Reuters pic) SAN FRANCISCO: Amazon.com Inc on Monday said it is adopting […]

May 15, 2018 | By | Reply More
Study finds Uber’s growth slows after year of scandal; Lyft benefits

Study finds Uber’s growth slows after year of scandal; Lyft benefits

Uber Technologies Inc’s growth has slowed as a series of scandals has allowed the ride-hailing company’s chief U.S. competitor, Lyft Inc, to grab more market share, digital research firm eMarketer said in a report on Monday. Over 1,000 former Uber drivers in Denmark are wanted for tax avoidance. (Reuters pic) SAN FRANCISCO: Uber Technologies Inc’s […]

May 14, 2018 | By | Reply More
Investors shift to Dr M’s camp from Najib-linked losers

Investors shift to Dr M’s camp from Najib-linked losers

Losers include AirAsia, CIMB Group and My EG Services, while PPB Group rose over 4%. Investors had anticipated the bearish reaction to Dr Mahathir Mohamad becoming prime minister once more. KUALA LUMPUR: Investors sorted Malaysia’s political haves from the have-nots on the first trading day after a shock election result, dumping shares in firms associated […]

May 14, 2018 | By | Reply More
Japan Airlines to set up low-cost carrier, targeting Asian demand

Japan Airlines to set up low-cost carrier, targeting Asian demand

Japan Airlines Co Ltd (JAL) is launching a low-cost carrier offering medium to long-haul flights, aiming to tap growing Asian demand for budget air travel. The logo of Japan Airlines (JAL) is seen on the tail fin of the company’s airplane, at a Haneda Airport hangar in Tokyo, Japan.(Reuters pic) TOKYO: Japan Airlines Co Ltd […]

May 14, 2018 | By | Reply More
Malaysia aided by lucky timing as oil cushions election shock

Malaysia aided by lucky timing as oil cushions election shock

The rally in crude oil prices will also cushion the impact of some of the government’s policies that were described as credit-negative by ratings agencies. SINGAPORE: One reason Malaysian assets aren’t getting hammered as badly as some analysts had expected may be that Dr Mahathir Mohamad’s shock election victory has coincided with a jump in […]

May 14, 2018 | By | Reply More