Uber planning to sell South-East Asia operations to Singapore’s Grab
SAN FRANCISCO: Uber Technologies is preparing to sell its Southeast Asia ride-hailing business to Singapore-based Grab in return for a substantial stake...
US regulators approve $5bn Facebook settlement over privacy issues
The US Federal Trade Commission approved a
roughly $5 billion settlement with Facebook Inc over its investigation into the
social media company’s handling of...
Apple battery replacement may mean 16 million fewer iPhones sold
CALIFORNIA: Apple Inc.’s offer to replace iPhone batteries cheaply may cut sales of new handsets by millions of units this year, according...
Alibaba CEO rules out layoffs this year
This week reports circulated in Chinese media that e-commerce site and Alibaba rival JD.com Inc would lay off 10 percent of its senior executives. The company declined to comment directly on the cuts
Smartphone maker Xiaomi submits documents for Hong Kong IPO
Beijing-based Xiaomi is the world’s fourth-biggest smartphone maker by shipment volume, according to International Data Corp
Telenor launches Pakistan’s first Virtual Mobile Switching Station
KARACHI: Getting closer to its network virtualisation goals, Telenor Pakistan has launched the country’s first Virtual Mobile Switching Station (vMSS) on its newly...
Bitcoin nosedives to two-month low as downtrend continues
So far in 2018, bitcoin is down nearly 53 percent, after soaring more than 1,300 percent last year
Apple loses $1 trillion status after soft holiday forecast
The dip in Apple’s shares to $208.50 knocked around $67 billion off its value and put Amazon and Microsoft Corp back in the mix in the race among the United States’ big tech players to be the world’s most valuable company
Ford, Volkswagen expand alliance to electric autos
NEW YORK: Auto giants Volkswagen and Ford announced Friday they were expanding their alliance to include the development of self-driving cars.
The announcement...
1.2 bn in cryptocurrency stolen since 2017, says cybercrime watchdog
NEW YORK: Criminals have stolen about $1.2 billion in cryptocurrencies since the beginning of 2017, as Bitcoin’s popularity and the emergence of...
METRO Cash & Carry, Careem to facilitate customers across Pakistan
LAHORE: METRO Cash & Carry Pakistan in a new initiative has joined hands with Careem, a ride-hailing app, to make the travelling...
Verkada surveillance cameras at Tesla, hundreds more businesses breached
SAN FRANCISCO: A small group of hackers viewed live and archived surveillance footage from hundreds of businesses including Tesla Inc by gaining...
Alibaba’s Jack Ma to step down in one year, Zhang to become chairman
Ma, who co-founded Alibaba in 1999, is one of China’s richest people with a net worth of $36.6 billion, according to Forbes
Discos making do in the absence of 50,000-plus critical staff
ISLAMABAD: With the power sector’s circular debt standing at an astronomical Rs1.18 trillion and a whopping 20 percent in reported technical losses...
Facebook to launch device with camera that follows people around
Was this the best way forward for a company which has lost public trust amid recent data privacy scandals that resulted in millions opting out of the social media site?