Facebook launches ‘lite’ Messenger overseas

  NEW YORK / AP Facebook is launching a “lite” version of its Messenger chat app. It is aimed at emerging markets, where many people use older phones that don’t have enough room to store or ability to run the full-featured application due to slower internet speeds or other issues. “Messenger Lite” will be available on Android devices in Kenya, Tunisia, ...

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Google to tap Lazard to review potential bid for Twitter

  Bloomberg Google is working with a financial adviser to consider a potential bid for Twitter Inc., as the social-media company continues to explore a sale, according to a person familiar with the arrangement. In tapping Lazard Ltd., Google hasn’t indicated it will definitely make an offer for Twitter. But the move suggests that Google is evaluating the option, pitting ...

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Spotify’s 40 million tunes won’t go far with CD-happy Japanese

  AP On a recent muggy afternoon in Tokyo, 21-year old Shintaro Naganuma joined several hundred customers browsing CDs at the eight-story downtown outpost of music retail chain Tsutaya. Having discovered a couple of new rock artists on YouTube, the third-year university student hit Tsutaya Co.’s flagship store in trendy Shibuya to look up their albums. That process encapsulates the ...

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UAE, Canada to raise economic, trade cooperation to new heights

  OTTAWA / WAM The UAE and Canada have restated their willingness to harness promising economic, trade, business and investment opportunities to raise their bilateral co-operation to new heights. The pledge for greater cooperation came at the conclusion of the first meeting of UAE-Canada Joint Economic Committee meetings, held in the Canadian capital, Ottawa. The two countries explored opportunities for ...

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Masdar Institute to co-host SolarPACES conference

  ABU DHABI / Emirates Business The Masdar Institute of Science and Technology, an independent, research-driven graduate-level university focused on advanced energy, and sustainable technologies, on Sunday announced that more than 500 stakeholders from the academia, industry and government will be gathering to network and exchange information at the 22nd Solar Power And Chemical Energy Systems (SolarPACES) Conference, taking place ...

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Britain to start EU exit process before April

  Birmingham / AFP Prime Minister Theresa May said Britain would start the formal process for leaving the EU before April as her governing Conservative Party opened its annual conference on Sunday. Though many Conservatives headed to the congress in Birmingham, central England still jubilant about Britain’s June referendum vote to leave the European Union, the centre-right government has come ...

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Telefonica to weigh opening O2 IPO to individual investors

  Bloomberg After failing with an initial public offering of its infrastructure unit, Telefonica SA is likely to test investors’ appetite again with the sale of its U.K. mobile-phone business, only this time with a possible twist. The Spanish phone carrier is considering whether to set aside part of an initial public offering of U.K. mobile operator O2 for individual ...

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Iceland’s fishing industry roots for rate cut

  Bloomberg While the world around it frets over ultra-low interest rates, Iceland’s fish export industry is rooting for another rate cut to maintain market share amid a strengthening krona. “The appreciation of the krona is a large factor in the operations of fishing companies and can impact their bottom line,” Heidrun Lind Marteinsdottir, managing director of Fisheries Iceland, an ...

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Did billionaire Trump avoid taxes for 18 years?

  Washington / AFP Donald Trump declared a loss of nearly $1 billion on his 1995 income tax return, allowing him to legally avoid paying taxes for almost two decades, according to documents obtained by The New York Times. The revelations come after the outspoken Republican presidential candidate repeatedly refused to make his tax filings public, the first candidate to ...

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Syria army advances in Aleppo as hospital raid sparks fury

  Aleppo / AFP Syrian regime forces advanced on Sunday in Aleppo after Russia unleashed dozens of strikes, even as condemnation kept pouring in over the bombing of the main hospital in the city’s rebel-held east. The devastating five-year war in Syria has ravaged second city Aleppo, once the country’s economic hub but now torn apart between government troops and ...

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