MILAN: Fiat Chrysler (FCA) said the terms of its merger with France’s PSA had not changed after an Italian newspaper report that it was looking to spin off assets to reduce a planned 5.5 billion euro (US$6.2 billion) cash pay-out to its shareholders. FCA said on Friday (Jul 3) that […]
Business
TOKYO: Uber launched a ride-hailing smartphone application in Tokyo on Friday (Jun 3) in partnership with three domestic taxi firms, even as strict regulations block its popular ride-sharing service in Japan. The taxi-hailing app, already introduced in smaller cities, connects app users to taxis run by Hinomaru Limousine, Tokyo MK […]
SAN FRANCISCO: A group of European digital advertising associations on Friday (Jul 3) criticised Apple’s plans to require apps to seek additional permission from users before tracking them across other apps and websites. Apple last week disclosed features in its forthcoming operating system for iPhones and iPads that will require […]
SINGAPORE: Singapore’s total retail sales fell a record 52.1 per cent on a year-on-year basis in May, while the country was still under a COVID-19 “circuit breaker”, according to data released by the Department of Statistics (SingStat) on Friday (Jul 3). The drop was the steepest since records began in […]
PARIS: The French government on Friday (Jul 3) called on Air France to avoid mandatory layoffs as the airline prepared to announce some 7,500 job cuts to cope with a collapse in travel due to the COVID-19 pandemic. Managers at the airline, part of Air France-KLM Group, are due to […]
WASHINGTON, DC: After days of record spikes in new COVID-19 cases and hospitals warning they could run out of beds, President Donald Trump’s White House on Thursday (Jul 2) sought to convey that all was well in the battle against the coronavirus and efforts to get the US economy moving […]
NEW YORK: JPMorgan Chase is eliminating terms like “blacklist”, “master” and “slave” from its internal technology materials and code as it seeks to address racism within the company, said two sources with knowledge of the move. The terms had appeared in some of the bank’s technology policies, standards and control […]
WASHINGTON, DC: Japan has formally asked the United States to extradite two men who helped former Nissan chief executive Carlos Ghosn escape the country to avoid prosecution, a court filing showed on Thursday (Jul 2). The men – security contractor and former US special forces member Michael Taylor and his […]
A Black Facebook Inc worker on Thursday filed a complaint claiming the social media giant’s stated commitment to diversity and civil rights, including its support for the Black Lives Matter movement, masks widespread discrimination against Black workers. REUTERS: A Black Facebook Inc worker on Thursday filed a complaint claiming the […]
Delhi’s ban on Chinese mobile apps signals that decades of appeasement towards China is coming to an end, says an observer. CANBERRA: Indians have been very enthusiastic users of all forms of social media, but TikTok has found them to be an especially eager audience. With 660 million downloads of […]