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Demonetisation-harassed Venezuelans loot delivery trucks, clash with police
19 Dec 2016 3:59 AM ISTDesperate Venezuelans looted delivery trucks and clashed with police as a botched plan to introduce new banknotes left people without cash — the...
Rupert Murdoch’s 21st Century Fox to buy out Sky for $14.8 bn
17 Dec 2016 4:55 AM IST21st Century Fox said on Thursday that Sky had agreed to a takeover offer worth USD 14.8 billion as tycoon Rupert Murdoch bids to create a global...
Amazon takes on Netflix, extends video streaming to 200 countries
16 Dec 2016 3:54 AM ISTAmazon said on Wednesda it was extending its on-demand video streaming service to more than 200 countries, placing “The Grand Tour” and other shows in...
Non-Opec supply to rise but end of glut in sight: Opec
16 Dec 2016 3:48 AM ISTOPEC on Wednesday said it expects some non-cartel producers to ramp up production next year, encouraged by oil prices which OPEC has fought to drive...
IMF chief Lagarde grilled on ‘colossal’ payout to tycoon
15 Dec 2016 4:34 AM ISTIMF boss Christine Lagarde faced a grilling on the second day of her trial on Tuesday over the “colossal” damages authorised for a French tycoon while...
Cut oil output, Opec tells non-members at ‘historic’ talks
12 Dec 2016 5:28 AM ISTThe Organization of the Petroleum Exporting Countries (Opec) was on Saturday seeking to persuade other oil producers to lower production as part of a...
IMF chief Lagarde’s graft trial in France from tomorrow
11 Dec 2016 5:30 AM ISTIMF chief Christine Lagarde goes on trial in France on Monday over a huge state payout to a flamboyant tycoon when she was finance minister in a case...
‘Kuwait to end subsidies by 2020’
2 Nov 2016 5:24 AM ISTThe Gulf state of Kuwait, under financial stress due to low oil prices, plans to end all forms of public subsidies by 2020, a report published on...
US Twitter to throw out 9% employees in new ‘growth’ strategy
29 Oct 2016 4:07 AM ISTTwitter announced plans on Thursday to cut 9 percent of its workforce as the struggling social network reaffirmed its strategy to drive growth after...
Samsung income crashes by 17% to $ 3.9 bn on Galaxy Note 7 recall
29 Oct 2016 4:02 AM ISTSamsung Electronics reported a sharp fall in its quarterly earnings on Thursday as the unprecedented recall and discontinuation of the Galaxy Note 7...
Uber Otto driverless truck makes history, delivers beer in Colorado
27 Oct 2016 4:11 AM ISTA self-driving truck built by Uber's unit Otto made a pioneering delivery of beer in Colorado last week, Otto announced on Tuesday. The 18-wheel semi...
Indonesian nationalism takes a bite out of US Apple
25 Oct 2016 4:34 AM ISTApple is battling to gain a foothold in Indonesia after nationalistic regulations hit the US tech giant’s efforts to compete in the booming emerging...