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Qatar central bank raises policy rates

  DOHA / Reuters Qatar’s central bank said that it raised its overnight lending rate by 25 basis points to 5.0 percent after the U.S. Federal Reserve tightened policy by a similar margin. The central bank also increased its overnight deposit rate by 25 bps to 1.25 percent. However, the central bank reduced banks’ reserve requirement — the amount of ...

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Google to revamp ad policies after UK, big brands boycott

  Bloomberg Google, the primary revenue driver for Alphabet Inc., announced changes to its advertising policies after major brands pulled ads from the platform because they appeared alongside offensive content, such as videos promoting terrorism or anti-Semitism. The US company said in a blog post it would give clients more control over where their ads appear on both YouTube, the ...

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Toshiba attracts more potential bidders for chips unit

  Bloomberg Toshiba Corp.’s memory chips business is attracting more potential bidders ahead of an end-March deadline, including Japanese government-backed entities, people with knowledge of the matter said. The Development Bank of Japan is considering a joint offer with US financial bidders, people familiar with the matter said, asking not to be identified discussing a private matter. The electronics conglomerate ...

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Ericsson tries to avoid patent war by publishing rates for 5G

  Bloomberg Ericsson AB has taken the unusual step of publicly setting a price tag on what it will cost to license the telecommunications company’s technology for the next generation of high-speed mobile phone networks. Ericsson said it will cap royalties at $5 per phone for higher-end handsets, though it would go as low as $2.50 for less expensive devices. ...

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Auto sector backs commitment to fuel economy amid doubts

  DEARBORN / AP Just because President Trump may weaken US fuel economy requirements, don’t expect gas guzzlers like the giant 13 mpg Hummer H1 to make a comeback. Executives from automakers and suppliers gathered at a conference outside of Detroit said looser fuel economy standards might allow for sales of more trucks in areas where they’re popular. But otherwise, ...

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Your next car will be delivered like a pizza

  Bloomberg Doritos or a Dodge Challenger? Carvana, an e-commerce platform for used cars, is opening a vehicle vending machine in San Antonio, which is exactly what it sounds like. The four-year-old startup already has similar contraptions in Austin, Houston, and Nashville. Standing eight stories tall, the site is essentially a small garage with room for 30 cars. When a ...

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Ford looks for salvation in China with new SUV model

  Bloomberg With the future of Ford Motor Co.’s lagging luxury line riding on China, the automaker will expand its bet on the market by building a new Lincoln sport utility vehicle in the country in late 2019. The still-unnamed SUV would expand Ford’s foothold in one of the hottest segments in China, a country Chief Executive Officer Mark Fields ...

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A peep into literature through VR

  BOSTON / AP Students are developing a virtual reality game based on James Joyce’s “Ulysses” as part of a class at Boston College. The goal of “Joycestick” is to expose new audiences to the works of one of Ireland’s most celebrated authors, as well as to give a glimpse of how virtual reality can be used to enhance literature, ...

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UAE stocks gain AED6.3bn in weekend trading

  ABU DHABI / WAM The UAE financial markets closed with a profitability in weekend trading with heavy stocks, which strengthened their gains for the second straight session, amid continued buying by some corporations. The market value share gains traded by companies amounted to AED6.3 billion, according to official figures released after the close of trading. The general index of ...

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The ‘Trumpcare’ trap

  What we learned from the latest ‘score’ by the Congressional Budget Office (CBO) of Obamacare and the Trump administration’s ‘repeal and replace’ plan is what we should have known all along. To wit: If people have health insurance, they will use more health services — visits to doctors’ offices, more tests, procedures and drugs — and health spending will ...

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