05252016Wed
Last update: Wed, 25 May 2016 06am

Industries & Sectors

Business & Finance - Industries & Sectors

Ryanair concentrating on cash, could be debt free by 2023 DUBLIN: Ryanair plans to finance itself through cash generation in the coming months and if it continues to do so, could be debt free by 2023 when 1.7 billion euros ($1.90 billion) of recent debut bond issuance matures, its finance chief said on Thursday. "This year we're probably going to concentrate more on cash because at the moment the carry cost on one percent debt is just that little bit too expensive for us," Chief Financial Officer Neil Sorahan said in a speech. "We have very strong cash balances and despite having returned 4.4 billion (euros) to our shareholders over the last eight years we still remain cash positive in the business. If we keep going the way we are going, we could be debt free by 2023." Copyright Reuters, 2016 ...

Business & Finance - Industries & Sectors

Vivendi raises Gameloft bid for the second time PARIS: French media group Vivendi raised its unsolicited bid for mobile video games maker Gameloft for the second time on Thursday, adding pressure on the founding Guillemot family. Vivendi, led by billionaire Vincent Bollore, increased its tender offer to 8 euros a share from 7.20 euros previously, it said in statement. This values Gameloft at about 680 million euros ($761.8 million), compared to 610 million previously. Vivendi has acquired 29.37 percent of Gameloft's shares and ...

Business & Finance - Industries & Sectors

Walmart Chile to sell 10 malls for $639 million SANTIAGO: Walmart Chile has struck a deal to sell 10 Espacio Urbano malls to local insurance companies Compania de Seguros Confuturo and Compania de Seguros CorpSeguros for 441.9 billion pesos ($639.2 million), it said in a note to regulators on Thursday. Confuturo and CorpSeguros compose part of Inversiones la Construccion, or ILC, one of Chile's largest insurance consortiums. The sale includes 250,000 square meters (2.7 million square feet) of mall space that accommodates annual visits ...

Business & Finance - Industries & Sectors

Google patent glues pedestrians to self-driving cars SAN FRANCISCO: Google on Thursday had a fresh US patent for a sticky coating that could be applied to self-driving cars so pedestrians stick instead of bouncing off when hit.The patent describes a layer of adhesive on a car's hood, front bumper and possibly front side panels sealed with a coating that, when broken, would bare a gluey surface akin to fly paper modified to catch humans."Upon impact with a pedestrian, the coating is broken ...

Business & Finance - Industries & Sectors

All hail world's 'cheapest smartphone', Namotel 'Acche Din' Rs.99 only The quest for the world’s cheapest smartphone is all but over. Namotel another unknown Indian company has announced a new contender titled ‘Acche Din at an incredibly low price of Indian Rupees 99.According to Indian Express, the latest announcement comes after Freedom 251 and Docoss X1, both tagged the ‘world’s cheapest smartphone’. However, Namotel beats both former claimants to the title by a huge margin, in price of course. But! is it a scam?Coming to ...

Business & Finance - Industries & Sectors

Bayer, Monsanto in merger talks FRANKFURT: German pharmaceuticals giant Bayer and US agricultural group Monsanto said Thursday they are in talks on a possible merger to create a global player in pesticides and seeds, after weeks of speculation about a possible tie-up."Bayer executives recently met with executives of Monsanto to privately discuss a negotiated acquisition of Monsanto Company," the Leverkusen-based company said in a statement.Monsanto, for its part, "disclosed ... in response to recent media reports that it has received ...

Business & Finance - Industries & Sectors

Say hello to ‘Allo,’ Google’s version of WhatsApp, Snapchat Google announced its own version of messaging app at the I/O conference, all welcome ‘Allo’ the chat app with an ‘incognito feature,’ meaning complete end-to-end encryption.According to Google blog post, “Allo is a smart messaging app that makes your conversations easier and more expressive,” said Amit Fulay, Group Product Manager.Google’s latest messaging app comes packed with machine learning and Google’s new Google Assistant service, allowing users not just to chat to each other with animated ...