India investment appeal for Japan may dim on Docomo dispute

  Bloomberg India will risk jeopardizing billions of dollars of investment by Japanese companies if it does not implement an arbitration award favoring NTT Docomo Inc. in its spat with the Tata Group, a senior Japanese government official said. A decision to double investment to 3.5 trillion yen ($31 billion) in India hinges on a quick settlement of the award, ...

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Hong Kong faces housing risks as Fed tightening looms: IMF

  Bloomberg Stretched property valuations mean Hong Kong’s economy is vulnerable if interest rates rise faster than expected, the International Monetary Fund said. In its annual assessment of the Asian financial hub, the IMF identified three main risks — rising interest rates and potential global market volatility, China-linked stress, and a possible downturn in the property market. With the US ...

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Samsung prevails over Apple in $399 million patent appeal

  Washington / AFP The US Supreme Court overturned a $399 million patent infringement penalty imposed on Samsung for copying Apple’s iPhone design, in a case watched for its implications for technology innovation. The shorthanded justices ruled 8-0 that Samsung should not be required to forfeit the entire profits from its smartphones for infringement on design components, sending the case ...

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High-jumping robot may aid in house collapse, quakes

  Miami / AFP An agile jumping robot that was inspired by some of the animal world’s best leapers could one day help in rescue efforts after earthquakes or building collapses, US scientists said. Known as Salto, the 10-inch (26-centimeter) tall robot can jump higher than a bullfrog and almost as high as a galago, or bush baby, a small ...

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Apple blames external damage for iPhones explosions

  Bloomberg Apple has blamed “external physical damage” for causing a handful of iPhones to explode or catch fire in China and insisted that its handsets posed no safety problem. Fresh on the heels of Samsung’s worldwide Galaxy Note 7 safety fiasco, a Shanghai consumer watchdog said it had received eight recent reports of iPhones that spontaneously combusted while being ...

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A holiday gift guide from LG

  Emirates business As holiday season and shopping goes into full swing, prepare for being stumped for choice with LG’s latest gift options that are sure to wow and spread the fun at any occasion. LG V20 – YOUR FESTIVE SELFIE PARTNER A recently launched addition to LG’s popular V Series is LG’s V20, the most premium in LG’s smartphone ...

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Merkel launches poll bid with tough line on immigration

  Essen / AFP Chancellor Angela Merkel onTuesday lashed populists trying to exploit fears over Germany’s refugee influx but set out a tough line on integration, including a ban on the veil, as she launched into election campaign mode. Outlining her strategy to counter a wave of populism that has consumed key allies abroad, Merkel vowed there would not be ...

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Increased security on Los Angeles metro after bomb threat

  Los Angeles / AFP Authorities ratcheted up security on the Los Angeles metro following a tip from overseas about an impending bomb attack on Tuesday against a station in the sprawling rail network. The threat was relayed by an anonymous man who called a public safety line run by an unidentified foreign government, which then passed on the information to ...

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US, NATO stress ‘unity’ amid Trump fears

  Brussels / AFP Top US and NATO officials stressed the importance of preserving transatlantic security ties on Tuesday amid doubts raised by Donald Trump’s election as president. Trump stoked concerns that Washington’s near 70-year European defence guarantee might no longer hold when he said on the campaign trail he would think twice about helping NATO allies who did not pay ...

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Putin approves new cyber-security doctrine

  Moscow / AFP Russian President Vladimir Putin on Tuesday signed off on a broad-ranging plan aimed at bolstering the country’s defences against cyberattacks from abroad and cracking down on perceived foreign influence. The Kremlin’s new “information security doctrine” comes as attention has focused on the rise in state-sponsored hacking after the US blamed Moscow for cyberattacks aimed at influencing ...

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