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Uber agrees to settle US lawsuit filed by India rape victim

Uber agrees to settle US lawsuit filed by India rape victim

A source with knowledge of the matter previously told Reuters that Kalanick had told other Uber executives he believed the incident had been staged by Indian ride-services rival Ola. SAN FRANCISCO: Uber Technologies Inc and a woman who accused top executives of improperly obtaining her medical records after a company driver raped her in India […]

December 10, 2017 | By | Reply More
Big Media scrambles to meet challenge from Big Tech

Big Media scrambles to meet challenge from Big Tech

WASHINGTON: America’s media giants have seen this movie before: Big Tech enters an industry with piles of cash and new ways of doing business, devastating the competition. That’s why Big Media are scrambling for partnerships and tie-ups to bolster their content arsenal in the face of a well-funded onslaught from the tech sector. This shifting […]

December 9, 2017 | By | Reply More
China’s consumer price inflation slows in November

China’s consumer price inflation slows in November

BEIJING: China’s consumer inflation slowed more than expected in November and factory prices decelerated sharply, official data showed Saturday, as economic pressures persist despite robust exports and manufacturing. The consumer price index (CPI) — a main gauge of inflation — rose by 1.7% in November from a year ago, compared to a 1.9% increase the […]

December 9, 2017 | By | Reply More
Report: Apple to buy music recognizing app Shazam

Report: Apple to buy music recognizing app Shazam

NEW YORK: Apple is in talks to buy the popular song recognition app Shazam as the tech giant tries to compete with streaming leader Spotify, TechCrunch reported Friday. The technology news site, quoting unnamed sources, said that the deal could be announced Monday with financial terms not yet clear. A spokeswoman for Apple declined comment. […]

December 9, 2017 | By | Reply More
World Bank signs US$1.15 billion loan with Egypt

World Bank signs US$1.15 billion loan with Egypt

SHARM EL SHEIKH: The World Bank on Friday signed a US$1.15 billion loan with the Egyptian government, a final tranche of funds to support economic reforms in the country, the international lender said. The deal was sealed on the sidelines of the “Africa 2017” investment conference which President Abdel Fattah al-Sisi inaugurated Friday afternoon in […]

December 8, 2017 | By | Reply More
EU and Japan conclude ‘gigantic’ free trade deal

EU and Japan conclude ‘gigantic’ free trade deal

BRUSSELS: The EU and Japan announced on Friday they have concluded negotiations for a giant free trade deal while “fighting the temptation of protectionism,” in an apparent message to US President Donald Trump. The trade deal, which the European Union called its biggest ever, must still be signed and ratified by both sides who first […]

December 8, 2017 | By | Reply More
PepsiCo to move to Nasdaq after nearly a century with NYSE

PepsiCo to move to Nasdaq after nearly a century with NYSE

NEW YORK: PepsiCo Inc is moving its listing to the Nasdaq, ending a century-long association with the New York Stock Exchange. “We believe this move will provide us with greater cost-effectiveness and access to Nasdaq’s unique portfolio of tools and services to connect with our investors more efficiently,” Jamie Caulfield, Pepsi’s senior vice president of […]

December 8, 2017 | By | Reply More
Strong US job growth in November bolsters economy’s outlook

Strong US job growth in November bolsters economy’s outlook

WASHINGTON: US job growth increased at a strong clip in November, painting a portrait of a healthy economy that analysts say does not require the kind of fiscal stimulus that President Donald Trump is proposing, even though wage gains remain moderate. Nonfarm payrolls rose by 228,000 jobs last month amid broad gains in hiring as […]

December 8, 2017 | By | Reply More
After dramatic gains, bitcoin tumbles 20 percent in 10 hours

After dramatic gains, bitcoin tumbles 20 percent in 10 hours

LONDON/TOKYO: Bitcoin lost almost a fifth of its value in 10 hours on Friday, having surged more than 40 percent in the preceding 48 hours, sparking fears the market may be heading for a price collapse. In a hectic day on Thursday, bitcoin leapt from below $16,000 to $19,500 in less than an hour on […]

December 8, 2017 | By | Reply More
FT: JPMorgan, Citi not willing to support launch of bitcoin futures

FT: JPMorgan, Citi not willing to support launch of bitcoin futures

NEW YORK: Big Banks, including JPMorgan Chase and Citigroup will not immediately clear bitcoin trades for clients once Cboe Global Markets and CME Group start trading futures contracts in the cryptocurrency next week, the Financial Times reported, citing people familiar with the matter. Goldman Sachs Group Inc (GS.N) on Thursday said it is planning to […]

December 8, 2017 | By | Reply More