New Delhi / AFP Next time you’re at the Taj Mahal, find yourself standing on a precarious cliff or see an approaching train, maybe just enjoy the moment rather than trying to capture the perfect selfie. These are just three of the ways that 76 selfie-takers in India have lost their lives, according to a study published by US-based ...
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Google upset by S Korean refusal on mapping data
Seoul / AP South Korea rejected a request by Google to use local mapping data in the company’s global maps service in a long-awaited ruling that had divided the country for months. The company said it was disappointed by the decision, which the land ministry said was based on concerns over national security. “We’re disappointed by this decision. We’ve ...
Read More »Emirates mulls cheaper long-haul flights
Bloomberg Emirates, known for luxurious planes with showers and bars, is considering adding cheaper long-distance flights in order to better fend off aggressive competition from low-cost carriers. “More and more international network carriers will be starting to move into the long-haul, low-cost market,†Emirates president Tim Clark said at a press briefing in Berlin. “That will be the shape ...
Read More »â€˜Rolls-Royce’s A380 engines not up to standard’
Bloomberg Emirates, the world’s biggest long-haul airline, said it’s unhappy with performance shortfalls afflicting $6.1 billion’s worth of Rolls-Royce Holdings Plc engines ordered to power a batch of 50 Airbus Group SE A380 superjumbos. Feedback on the Trent 900 powerplants indicates “technical issues†that need to be resolved before the first plane is delivered to Emirates next month, Tim ...
Read More »Airbus wins $1.4bn order for 13 planes from Japan’s Peach
Bloomberg Airbus Group SE won an order for 13 Airbus planes valued at about $1.4 billion at list prices from Japanese budget carrier Peach Aviation Ltd., making inroads in a nation where most aircraft flown come from Boeing Co. Peach signed an agreement to buy 10 A320neo aircraft and three A320ceo planes, it said in a statement Friday. The ...
Read More »Walmart tackles food safety with test of blockchain technology
Bloomberg If you shop at Wal-Mart, you might be buying packaged produce unlike any ever sold in a U.S. store. The sliced apples or cut broccoli — the merchant won’t say what’s involved exactly — are being used to test blockchain, a new database technology. If successful, the trial could change how Wal-Mart Stores Inc., which serves some 260 ...
Read More »Wells Fargo gets tough new limits as regulator amps up sanctions
Bloomberg Wells Fargo & Co. is suddenly under an even tighter vise as one of its chief regulators ripped up parts of a recent settlement over bogus accounts, potentially hamstringing new business moves that need government approval. While Wells Fargo is subject to the terms of its settlement, it will face hurdles to making major purchases, such as buying ...
Read More »US banks close Rupee exchanges after large bills ruled illegal
Bloomberg Aruna Desai has a problem with the thousands of Indian rupees she has with her in the US — she can’t find a bank to exchange her funds and couldn’t give the money away if she tried. Since Indian Prime Minister Narendra Modi removed 500- and 1,000-rupee notes from circulation, currency exchange providers in the US have been ...
Read More »JP Morgan Chase to pay $264mn to settle China bribe scandal
Washington / AFP JP Morgan Chase has agreed to pay $264 million to settle a foreign bribery case dubbed the “princelings case” in which the bank gave prized jobs to friends and relatives of Chinese officials, US officials announced. The multinational bank, now the world’s largest by market capitalization, admitted to taking in more than $100 million after hiring ...
Read More »Bank regulators face Santiago showdown on capital overhaul
Bloomberg A contentious reform of international bank capital standards is going down to the wire, as regulators including the U.S. Federal Reserve and the European Central Bank try to bridge a wide gap on key issues before the end of the year. At issue is the way banks measure the risk of mortgages, corporate loans and even the threat ...
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