LONDON : Britain has launched a scheme to extend tariff cuts to hundreds of products, such as clothes and food, from developing countries, part of London’s post-Brexit efforts to set up systems to replace those run by the European Union. In June, Prime Minister Boris Johnson said he wanted to […]
Business
TOKYO : Japan’s Fast Retailing, the owner of global clothing chain Uniqlo, said on Thursday it would open its first discount brand GU store in the United States this autumn. The store will open in the SoHo neighborhood of New York City in what will be the brand’s debut outside […]
SAN FRANCISCO: Alphabet Inc’s Google said yesterday it has dismissed a senior software engineer who claimed the company’s artificial intelligence (AI) chatbot LaMDA was a self-aware person. Google, which placed software engineer Blake Lemoine on leave last month, said he had violated company policies and that it found his claims […]
If you’re waiting for a bitcoin recovery, you may have to sweat it out for months. That’s the conclusion of some technical specialists seeking method from the madness. Bitcoin’s slide since May, swamped by economic angst, has knocked it below its 200-week moving average, at around $22,600, as well as […]
LONDON: British foreign minister Liz Truss clashed over tax policy with former finance minister Rishi Sunak , as the five remaining contenders to be Britain’s next prime minister went head-to-head in the first of three televised debates. An initial field of 11 challengers has been whittled down following two days […]
Elon Musk filed a motion on Friday opposing Twitter Inc’s request to fast-track a trial over his plan to terminate his $44 billion deal for the social media firm. Musk’s lawyers, in papers filed with the Delaware Chancery Court, said Twitter’s “unjustifiable request” to rush the merger case to trial […]
WASHINGTON: The US telecoms regulator needs an additional US$3 billion dollars to fund the removal from US networks of equipment made by Chinese telecoms giants Huawei and ZTE, bringing the total cost to US$4.9 billion, the agency told Congress on Friday. “To fund all reasonable and supported cost estimates …, […]
SINGAPORE: People’s Park Centre in Chinatown has been put up for collective sale at a reserve price of S$1.8 billion, real estate agency ERA Realty Network said on Wednesday (Jul 6). The asking price is higher than the S$1.35 billion that was asked for during an earlier en bloc attempt […]
TOKYO : Apple Inc has hiked by nearly a fifth the cost of its flagship iPhone phone in Japan, which is battling a weakening yen currency and rising inflation. The Cupertino, California-based manufacturer’s entry level iPhone 13 now costs 117,800 yen ($870), Apple’s website showed, compared to 99,800 yen previously. […]
TOKYO : The dollar was little changed against major peers on Friday, but was on track for its best week in four as investors weighed the boost from tighter Federal Reserve policy and the risks of a U.S. recession. The dollar index, which measures the currency against six counterparts, inched […]