Australia to launch WTO appeal over trade row with China
CANBERRA, Australia: Australia is all set to launch a formal appeal to the World Trade Organisation (WTO) on Wednesday seeking a review of China’s decision...
Business
Latest business news from US, UK, Pakistan, Middle East and around the world
Minor job-seekers from exploitation to enlightenment
“Is it not a blessing that I can get a job working from home for livelihood during the pandemic and be a relief to me,...
French carmaker Peugeot in merger talks with Fiat Chrysler to create $50 bn company
PARIS, France: Peugeot Société Anonyme (PSA) Group, the owner of Peugeot, is planning a merger with its US-Italian rival carmaker, Fiat Chrysler. The estimated combined...
Google’s quantum computer beats 10,000 years processing of super computer in 200 seconds
NEWYORK, USA: Google claims it has built a machine that can complete a task, which would take the world’s fastest computer 10,000 years, in only...
British Airways slapped with $230 million fine over privacy breach
LONDON, UK: British Airways has been slapped with a record fine of $230 million after a website failure that resulted in compromised privacy of nearly...
European leaders say Facebook’s cryptocurrency poses serious threat to national sovereignty
GENEVA, Switzerland: Facebook’s cryptocurrency Libra, promoted as an alternative to traditional banking, has sparked concerns from central bankers and regulators around the world. The currency...
Commonwealth Bank’s technological glitch results in service outage across Australia
SYDNEY, Australia: The Commonwealth Bank of Australia (CBA) has encountered a technological glitch resulting in services outage of some of its facilities across the country....
Singapore knocks down US to become the world’s most competitive economy
SINGAPORE: The World Economic Forum’s annual competitiveness report has given Singapore the top spot, knocking down the United States to second position among 141 countries. The index, published...
Australia’s national science agency and takeaway tycoon to make ‘fake-meat’ fast food
CANBERRA, Australia: Australia’s national science agency, the Commonwealth Scientific and Industrial Research Organisation (CSIRO), has teamed up with the Australian billionaire fast food chain to...
Huawei ban deepens Australia-China rift
CANBERRA, Australia: Chinese telecom giant Huawei has been banned by Australian government for its alleged involvement in its future 5G networks. “Australia is actually ahead...