04302016Sat
Last update: Sat, 30 Apr 2016 04am

Industries & Sectors

Business & Finance - Industries & Sectors

JAL, ANA flying high on healthy travel demand TOKYO: All Nippon Airways (ANA) and Japan Airlines (JAL) announced robust annual profits on Thursday, thanks to healthy demand on China and other international routes as well as falling fuel costs.Japan's top carriers benefitted from a record number of foreigners visiting Japan with mainland Chinese being among the most conspicuous as they flock to Japan for shopping and entertainment,International terror attacks in Paris and Brussels, however, slowed demand on routes to those cities, but overall international operations remained strong, ANA said."Japan's airline industry cruised steadily thanks to the growing number of foreign visitors to Japan and a drop in fuel costs in the wake of slumped oil prices," said Hiroshi Hasegawa, an analyst at SMBC Nikko Securities."The positive trend is likely to continue for the current fiscal year," he told AFP.ANA said its net profit for the year to March rose 99.2 percent to 78.2 billion yen ($717 million) while ...

Business & Finance - Industries & Sectors

Japan steel giant's net profit hit by China slowdown TOKYO: Nippon Steel & Sumitomo Metal said Thursday its annual profit more than halved as it pointed to a "severely depressed" market owing to a slowdown in China and other overseas markets.The Tokyo-based firm, one of the world's biggest steelmakers, posted a net profit of 200.9 billion yen ($1.9 billion) in its fiscal year to March, down 55 percent from a year ago.Operating profit also tumbled by more than half as the company's finances took ...

Business & Finance - Industries & Sectors

Samsung's drug- manufacturing unit plans to go public SEOUL: South Korea's Samsung announced Thursday a plan to list shares of its drug-manufacturing unit on Seoul's stock market as it eyes the bio-medical business as a new engine for growth.Samsung Biologics' board members agreed Thursday to list the firm's shares on Seoul's main Kospi bourse by the end of this year in a step to fund more investment, the firm said in a statement.The firm produces biopharmaceutical drugs for major companies including Bristol-Myers Squibb ...

Business & Finance - Industries & Sectors

Sony swings to $1.4bn full-year profit as PlayStation sales soar TOKYO: Sony on Thursday posted a full-year profit of $1.4 billion, as strong sales of its PlayStation video games console helps the firm move past years of eye-watering losses.The figures may be a sign that things have finally turned for Sony, which has been clawing back to profitability with a painful restructuring that included layoffs and selling off assets, including its Manhattan headquarters and laptop division.The company, along with rivals Panasonic and Sharp, has struggled ...

Business & Finance - Industries & Sectors

This Chrome extension erases killers from the internet It can be such a heart wrenching experience to read news about crimes i.e. mass killings, bomb blasts etc, especially for those whose loved one’s have been the unfortunate victims of such atrocities. A US based anti gun group called the ‘Brady Campaign to Prevent Gun Violence’ wants to erase the names of these killers from major websites. Now, to achieve that, the group is releasing a new extension for the Google Chrome browser.The extension ...

Business & Finance - Industries & Sectors

Youtube’s mobile gets a major facelift The world’s biggest video-sharing website, Youtube has recently had major facelift for its mobile users.As per a blog posted by Youtube, users will now see a redesigned homepage, which is termed much simpler than its predecessor. “Starting today, when you open the YouTube app on your iPhone or Android phone, you’ll experience a redesigned Home, with a clean and simple format that invites you to discover and enjoy,” Youtube said in the post.As per engadget, ...

Business & Finance - Industries & Sectors

Apple, ANZ Bank strike deal to bring Apple Pay to Australia SYDNEY: Apple Inc expanded its Apple Pay digital wallet in Australia on Thursday after ANZ became the country's first bank to support the mobile payment service, executives at the pair told Reuters.Apple Pay allows users to register credit cards on devices such as iPhones, and pay for goods and services by swiping the devices over contactless payment terminals. Apple charges card providers for transactions via the service, which it introduced to Australia last year with ...