OSLO: Norwegian telecoms operator Telenor has sold its Myanmar operations to Lebanese investment firm M1 Group for US$105 million, Telenor said on Thursday (Jul 8), announcing its retreat from a country that slid into chaos after a military coup in February. “Further deterioration of the situation and recent developments in […]
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SINGAPORE: SP Group has started a trial to test and verify the possibility of transferring energy from the batteries of electric vehicles (EV) back to the power grid. Vehicle-to-grid technology can be a “win-win” for both the electricity system and electric vehicle owners if proven viable, said SP Group on […]
BEIJING: China’s central bank warned companies on Tuesday (Jul 6) against assisting cryptocurrency-related businesses as it shut down a software firm over suspected involvement in digital currency transactions. Beijing has turned a sharp eye on cryptocurrency in recent months as it widens its regulatory crackdown on the tech sector. Cryptocurrency […]
Oil prices rose slightly on Tuesday after the previous day’s rally, supported by expectations of a tighter market as output talks of OPEC+ nations were called off, but concerns that members may start to increase production capped gains. TOKYO: Oil prices rose slightly on Tuesday after the previous day’s rally, […]
PARIS: France’s champagne industry group blasted on Monday (Jul 5) a new Russian law forcing foreign champagne producers to add a “sparkling wine” reference to the back of their bottles. The “Comite Champagne” (Champagne Committee) added in a statement that it was also calling on French and European Union diplomats […]
RIYADH: Saudi Arabia has suspended flights to three countries, including the neighbouring United Arab Emirates, to protect against a coronavirus variant, the interior ministry said today. The move comes seven weeks after the oil-rich kingdom permitted fully immunised citizens to travel abroad, after a ban on foreign trips that lasted […]
LUCKNOW, India: A Hindu group has filed a complaint with police against Twitter’s country head for showing regions outside a map of India on its website, kickstarting an investigation in a fresh headache for the US tech firm. A map on Twitter’s careers page showed the Jammu and Kashmir region, […]
WASHINGTON: Talks between US and Britain regarding a travel corridor are increasingly unlikely to reach a conclusion by the end of July, the Financial Times reported on Monday (Jun 28), citing officials. The officials added the rise in cases of the Delta variant in Britain, the complexities of the U.S. […]
Microsoft said on Friday an attacker had won access to one of its customer-service agents and then used information from that to launch hacking attempts against customers. SAN FRANCISCO: Microsoft said on Friday an attacker had won access to one of its customer-service agents and then used information from that […]
TOKYO: The dollar held near multi-month peaks against other major currencies on Monday, after the U.S. Federal Reserve surprised markets last week by signalling it would raise interest rates and end emergency bond-buying sooner than expected. The dollar index, which tracks the greenback against six major currencies, stood at 92.232 […]