05062016Fri
Last update: Fri, 06 May 2016 04pm

Industries & Sectors

Business & Finance - Industries & Sectors

Korean Air chief sued by pilots for belittling their jobs SEOUL: The head of Korean Air, who just resigned as the chief organiser of the 2018 Winter Olympics, was sued Wednesday by his carrier's pilots for allegedly demeaning their work.The airline's pilot union filed a defamation lawsuit with the Seoul district court against Cho Yang-Ho over a Facebook posting the chairman made in March, a Korean Air spokesman said.Responding to a Korean Air pilot who backed a pay rise demand by detailing the complex pre-flight checks required of the cockpit crew, Cho posted that flying a modern passenger plane on auto pilot was "easier than driving a car"."Don't flaunt yourself too much. Even a dog would laugh. You are talking big as if you were a Lindbergh who crossed the Atlantic Ocean", Cho wrote.The posting infuriated Korean Air pilots already embroiled in a protracted wage dispute, and the union decided to take the matter to court.The airline spokesman described the ...

Business & Finance - Industries & Sectors

Glencore cuts copper, zinc production to counter glut ZURICH: Commodities giant Glencore said Wednesday it had cut its copper and zinc production in the first quarter as it struggles to rein in an abundance of supply that has sent prices plummeting.The Swiss-based company said it had reduced output of copper by four percent during the first three months of the year to 335,000 tonnes, reflecting planned suspensions and reductions in activity at its African mines.Glencore said the production cut of one of its ...

Business & Finance - Industries & Sectors

Youtube launches ‘unskippable’ ads before videos Youtube, the world largest video sharing website has launched ads, which unlike the regular advertisements cannot be skipped.The latest ads termed ‘Bumper Ads’ are somewhat forced upon. However, the good thing is that they are short, six seconds short. The ads are designed to appear before videos that are watched on smartphone or tablet.According to Google blog post, "We like to think of Bumper ads as little haikus of video ads," Video Ads Product Manager ...

Business & Finance - Industries & Sectors

Iphone can be a handbag, Chinese court says in Apple case BEIJING: A Chinese court has ruled against Apple in a case it brought against a small maker of "iphone"-branded leather goods, state media reported.Manufacturer Xintong Tiandi registered the word as a trademark for use on leather goods in 2007 and has been producing wallets, handbags and phone cases emblazoned with it ever since.Intellectual property rights have long been a bone of contention between Western countries and China, where counterfeiting is rife.Apple has used the "i-" ...

Business & Finance - Industries & Sectors

The 10 year old who hacked Facebook’s Instagram Kids these days are really smart when it comes to technology, like the six years old Hamza from Pakistan, who became the youngest Microsoft Certified Professional, and the list goes on.Today, we would talk about Jani, a 10 years old boy from Finland, which could hack Facebook’s Instagram. According to Android Authority, Jani found an exploit or simply a bug in Instagram that allowed him to delete any comment that he wanted to on the ...

Business & Finance - Industries & Sectors

Royal Dutch Shell profit slides on lower oil prices LONDON: Royal Dutch Shell on Wednesday announced an 89-percent drop in net profit for the first quarter, blamed on slumping oil prices, adding that investment would be lower than expected.Profit after tax stood at $484 million (421 million euros) in the January-March period, down from $4.43 billion in the first quarter of 2015, the Anglo-Dutch energy group said in an earnings statement.Stripping out exceptional costs and changes to the value of Shell's oil stockpiles, profit ...

Business & Finance - Industries & Sectors

Adidas hooks struggling golf business into the rough FRANKFURT: Adidas said on Wednesday it would sell off its golf equipment brands, as it published "record" quarterly results showing a strong performance in the United States, a key market for the German sports giant.Following a "strategic review" of its golf business, Adidas said it would "actively seek a buyer" for some of its top equipment brands, including TaylorMade, Adams and Ashworth.The firm said it would focus on selling golf shoes and clothing through its ...