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Last update: Thu, 11 Feb 2016 03am

Industries & Sectors

Business & Finance - Industries & Sectors

‘Error-53’ could drag Apple to the courts The dreaded 'Error-53' could drag Apple Inc into courts, amid a worldwide consumer backlash and claims that the company could be acting illegally.According to the International Business Times, a US firm based in Seattle the PCVA Law is currently investigating the potential to file a lawsuit against the Cupertino based giant for error 53 on iPhone 6, which renders the smart-phones completely useless.According to research conducted by the law firm, users are unable to recover data once the error hits their device."We believe Apple may be intentionally forcing users to use their repair services, which cost much more than most third-party repair shops. There is incentive for Apple to keep end users from finding alternative methods to fix their products. Think of it this way: let's say you bought a car, and had your alternator replaced by a local mechanic. Under Apple's strategy, your car would no longer start because ...

Business & Finance - Industries & Sectors

Greek industrial output rises 5.2pc in December ATHENS: Greek industrial output rose 5.2 percent in December compared to the same period in 2014, after an upwardly revised 2.0 percent increase in the previous month, statistics service ELSTAT said on Tuesday.Manufacturing production rose 3.3 percent from the same month a year earlier, ELSTAT said. Mining output increased by 9.6 percent, while electricity production rose 11.3 percent.The reading showed the 12-month-to-December industrial output index expanded by 0.6 percent compared to the same period in ...

Business & Finance - Industries & Sectors

BA goes head to head with Ryanair with new Stansted routes LONDON: British Airways said it would begin flying from Stansted Airport, establishing a presence at London's No.3 airport for the first time and bringing it into direct competition with budget carrier Ryanair on leisure routes. BA, owned by International Airlines Group, said on Tuesday that from May it would fly to Faro in Portugal, as well as Ibiza, Malaga and Palma in Spain, from 49 pounds ($71) one way. The full-service operator, which provides complimentary ...

Business & Finance - Industries & Sectors

Facebook's India stumble could embolden other regulators SINGAPORE/MUMBAI: India's decision to effectively ban Facebook's pared-back free Internet service is a major blow to the social network's plans, and may prompt other regulators to demand equal online access for their users. Facebook will have to reconsider its approach in the light of India's new rules preventing Internet service providers from having different pricing policies for accessing different parts of the Web, analysts said."This is a major setback for Facebook," said Naveen Menon, lead ...

Business & Finance - Industries & Sectors

Instagram rolls out ‘Multiple Accounts Switching’ for iOS Instagram, Facebook’s photo and video sharing platform has now officially announced to provide support for switching between multiple accounts in its iOS app, without the hassle of users requiring to log out and log back in.According to AppAdvice, Instagram was reportedly testing the feature on Android with members of its Instagram beta test group, Last November. The photo- sharing website than expanded those tests to another platform, indicating that the company is likely preparing to ...

Business & Finance - Industries & Sectors

Google’s Pichai the highest paid CEO in US Sundar Pichai, the boss of Google is all set to become one of the world’s highest paid executive, after its parent company Alphabet granted the CEO an equity award worth $199 million.According to Bloomberg, Pichai, who is Google’s chief executive officer, received 273,328 Class C shares on Feb. 3 from the company, which will vest in quarterly increments through 2019 if he remains in the office, according to a securities filing by Alphabet.According to the ...

Business & Finance - Industries & Sectors

Sanofi pledges stable 2016 earnings despite headwinds PARIS: Sanofi reported lower fourth-quarter earnings on Tuesday, hurt by declining sales in key divisions such as diabetes, oncology and prescription drugs, but said it expected 2016 earnings per share to be stable. The French drugmaker said fourth-quarter business net income fell 13.5 percent at constant exchange rates to 1.71 billion euros ($1.92 billion). Total sales dropped 1.6 percent to 9.28 billion.Analysts polled by Reuters in partnership with Inquiry Financial had on average been expecting ...