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Business - Page 12

Business

Kia and Hyundai recovering from days-long network outages

February 19, 2021February 19, 2021

BOSTON (AP) — Kia Motors America says it’s restoring services crippled by a computer network outage that began Saturday and which apparently affected dealers’ ability to order vehicles and parts and knocked…

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Business

‘Perfect storm’: phones, consoles could get pricier as chip crisis bites

February 18, 2021February 18, 2021

Prices of popular gadgets such as PlayStations and iPhones could rise because of microchip shortages caused by a “perfect storm” of coronavirus-driven demand, supply chain disruptions and trade war stockpiling, experts warn.…

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Business

Facebook, Apple chiefs unleash barbs as App Store feud heats up

January 29, 2021January 29, 2021

California(AFP): A feud between tech giants heated up Thursday as Apple’s chief executive implied Facebook’s business model promotes disinformation and violence, while the social network reportedly prepares an antitrust lawsuit against Apple.…

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Business

China GDP grows 2.3% in 2020, slowest in more than four decades

January 18, 2021January 18, 2021

China’s economy grew at the slowest pace in more than four decades last year despite a rebound after the country’s coronavirus outbreak, official data showed Monday. The 2.3 per cent expansion is…

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Business

Relaxing China tariffs would help US economy, report says

January 16, 2021January 16, 2021

Reducing tariffs on China by even a “moderate” amount would benefit the US economy, according to a study by a business council and an economics firm. The report released Thursday came as…

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Business/Entertainment

Michael Jackson’s Neverland Ranch sold to billionaire

December 25, 2020December 25, 2020

LOS ANGELES (AP) — Michael Jackson’s Neverland Ranch in California has found a new owner in billionaire businessman Ron Burkle. Burkle views the 2,700-acre property in Los Olivos, near Santa Barbara, as…

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Business

Wall Street at records as stocks gain on vaccine, stimulus optimism

December 5, 2020December 5, 2020

Wall Street(AFP): Investors pushed stock markets higher Friday with US equities ending at all-time highs as continued optimism over vaccines and signs of progress on new US stimulus offset worries about rising…

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Business

Black Friday sees record online as US shoppers stay home

November 29, 2020November 29, 2020

Black Friday online sales hit a new record this year as pandemic-wary Americans filled virtual carts instead of real ones. Consumers spent an estimated $9 billion on U.S. retail websites on Black…

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Business

Korean Air to take over troubled Asiana Airlines for $1.6 bn

November 16, 2020November 16, 2020

South Korean flag-carrier Korean Air said Monday it will buy out its smaller troubled rival Asiana Airlines in a $1.6 billion deal as it looks to consolidate with the coronavirus pandemic sending…

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Business

As lockdown follows lockdown, frustration rife in UK firms

November 5, 2020November 5, 2020

As England enters a new lockdown on Thursday with coronavirus deaths rising again, businesses that were already struggling to recover from the shutdown during the first wave are worried and frustrated. “For…

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Popular

01

Egypt shuts Suez Canal amid struggle to refloat grounded mega-ship

Egypt(AFP): The owners of a giant container vessel blocking the Suez Canal said Thursday they faced “extreme difficulty” refloating it as Egypt…

02

ED Raids CoinDCX, Delta Exchange in Bengaluru Over Alleged Cross-Border Crypto Transactions Worth Thousands of Crores

New Delhi: The Enforcement Directorate (ED) has conducted searches at premises linked to cryptocurrency trading platforms CoinDCX and Delta Exchange in Bengaluru…

03

Israeli President Names Gadi Eisenkot to Form Government in Setback for Netanyahu After Deadlocked Election

Jerusalem: Israeli President Isaac Herzog has nominated former military chief and opposition leader Gadi Eisenkot to form the next government, dealing a…

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