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12/09/2018

AS IT HAPPENED: Apple launches new iPhone, Apple Watch models

CUPERTINO: 19:45 - And there we have it. Tim Cook brings an end to the launch of the brand new iPhone models and Apple Watch. Don't forget, those of you in Saudi Arabia and the UAE will start receiving yours from Sept. 21, with Oman and Bahrain getting shipments a week later. 19:30 - We have a "New Phone Alert"... Apple has announced its third new iPhone - the iPhone XR. It is made from aerospace grade aluminium, and has more durable glass. It will come in six colours - white, black, blue, coral, yellow, red. It has a fantastic-looking...


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12/07/2019

Residents warned of fake bank operating in UAE

The Dubai Financial Services Authority (DFSA) has alerted the financial services community and the public about a fraudulent scam promoted by "Skyo Microfinance Bank Limited" which offers easy loan approvals in return for a fee to be transferred to them. The bank asks individuals to transfer a fee to finance an insurance policy against the loan in addition to the administrative fees. It also displays a false Certificate of Incorporation purportedly issued by the DFSA. The DFSA advised the public that it does not issue Certificates of Incorporation of any kind to any company, firm or individual. The Certificate which...
12/07/2019

Ford, Volkswagen join forces on the new frontier of electric autos

NEW YORK — Volkswagen and Ford are teaming up on a massive $7 billion project to attack the new frontier in the global auto market: electric and self-driving vehicles, the companies announced Friday.The German and US auto giants Volkswagen announced they were expanding their alliance accelerating cooperation among otherwise competing global auto giants as they face enormous costs in developing new technologies."It just makes sense for us. It makes both companies stronger," VW chief executive Herbert Diess told reporters. "It makes a lot of sense to combine forces."Volkswagen will invest $2.6 billion in capital and assets in Ford's self-driving unit...
12/07/2019

India aims to raise $47bn from stake sales in state firms over 5 years — sources

NEW DELHI — The Indian government has plans to raise as much as 3.25 trillion rupees ($47.4 billion) in the next five years by reducing its stakes in some large state-owned firms to 40%, two senior government officials told Reuters, in the nation's biggest privatization push in more than two decades.Last week, Finance Minister Nirmala Sitharaman in her budget announced that the government would look to reduce direct controlling stakes in some state-run firms on a case-by-case basis.The plan will open up a steady stream of state companies to greater private investment, and target the kind of annual divestment revenue...

12/07/2019

"Uncle Nearest" honors slave who taught Jack Daniel to make whiskey

A new whiskey distillery with a special place in American history will open its doors to the public in Tennessee in September. The company, called Uncle Nearest, honors the first known African American master distiller in the country: a slave who taught Jack Daniel how to make whiskey. CBS News first shared Nathan "Nearest" Green's story almost two years ago in an interview with best-selling author Fawn Weaver. At the time, Weaver was devoted to uncovering and sharing Green's history. In the past three years, she's launched Uncle Nearest and has raised about $20 million to take over the whiskey's...
12/07/2019

How Small Businesses Can Support One Another to Succeed

Where do you buy products and services for your business (and yourself)? When you need to purchase insurance, buy printer paper, or get someone to help you revamp your website, do you go online and look for the cheapest price you can find? Or do you spend a little extra time to shop at small businesses that sell what you’re looking for? A couple years back, I read an article about an African-American couple who decided that for the next 12 months, they would only buy products or services from businesses that were African-American owned. It made me think about...
12/07/2019

Heathrow strike threat to summer holiday travel

Holidaymakers jetting off on summer breaks could be hit by strike action planned at London's Heathrow airport.More than 4,000 workers at the airport - including customer service, engineering and security staff - have voted to strike over pay.Staff will walk out on 26 July, 27 July, 5 August, 6 August, 23 August and 24 August, which the Unite union said could create "summer travel chaos".Heathrow says it has contingency plans to remain open and operate safely.Unite said members had voted in eight ballots to support action after an 18-month pay rise offer averaging 2.7% was rejected. The union's Unite regional...