07022016Sat
Last update: Sat, 02 Jul 2016 05am

Industries & Sectors

Business & Finance - Industries & Sectors

easyJet says speeding up work on getting alternative EU operating licence BRUSSELS: EasyJet has sped up talks on setting up an aircraft operating licence in a different EU country following Britain's vote to leave the European Union, but says the industry's fundamentals remain strong. "It is business as usual.We have to spend a little more time formalising conversations we've had and thinking through the next steps," Carolyn McCall told Reuters on the sidelines of a meeting of the A4E airlines association in Brussels. Should Britain be able to agree access to the single market following Brexit, nothing will change for airlines, but easyJet wants to prepare for all eventualities."We have to be in control of our own destiny, so we will do the work," McCall said. "Until we have the government to take us forward in the UK, we can't expect much change," she added. Copyright Reuters, 2016 ...

Business & Finance - Industries & Sectors

Microsoft pays price for forced installation Microsoft, the world largest software maker has been found guilty for forcefully installing Windows 10 update on a woman PC, without her approval. The company has to pay $10,000 in compensation over the forced update.Teri Goldstein, a resident from California USA sued the company for trying to automatically installing Windows 10 on her PC, which began to work improperly leading to loss of files, she claimed. The Irish Examiner, the Windows has been aggressively seeking ...

Business & Finance - Industries & Sectors

How Facebook use your phone to suggest new friends? The internet social media platform, Facebook is known to keep a vigilant eye over its users, now reports suggest that Facebook is using your phone’s location to suggest new friends for you.According to Fusion, Facebook identifies new friends as its ‘People You May Know’ help’s page reads, “We show you people based on mutual friends, work and education information, networks you’re part of, contacts you’ve imported and many other factors.”Now, what are those ‘other factors’ ...

Business & Finance - Industries & Sectors

Rolls-Royce says 'remains committed' to Britain LONDON: Engine maker Rolls-Royce said Tuesday it was still committed to Britain after the shock EU exit vote, but that the long-term impact would depend on future relations with the rest of the world.Britons voted on June 23 in favour of quitting the European Union following a bitterly-fought referendum campaign, sending shockwaves through world financial markets."Although this is not the outcome the company would have chosen, Rolls-Royce remains committed to the United Kingdom," read a ...

Business & Finance - Industries & Sectors

Nestle poaches CEO from Fresenius in health and wellness drive ZURICH: Swiss food giant Nestle SA named Ulf Mark Schneider as its next chief executive on Monday, underlining its shift towards health and wellness by poaching the boss of German healthcare group Fresenius . Schneider will replace Nestle's long-standing CEO Paul Bulcke, whom the board has proposed as chairman when 71-year-old Peter Brabeck-Letmathe reaches mandatory retirement age next year. "This is a truly iconic global company with a proud heritage and tremendous future prospects," Schneider, ...

Business & Finance - Industries & Sectors

Ryanair says to shift investment away from UK after Brexit vote DUBLIN: Ryanair will not deploy new planes on United Kingdom routes next year and will focus on the EU instead after Britain voted to leave the bloc, chief executive Michael O'Leary told the Wall Street Journal. The Irish low-cost airline, Europe's largest by passenger numbers, flies 40 million of its 100 million-plus passengers a year to and from the United Kingdom and has its largest hub at London's Stansted Airport. Its shares have fallen over ...

Business & Finance - Industries & Sectors

Ford's Indonesian dealers demand compensation after abrupt withdrawal JAKARTA: Ford Motor Co's dealers in Indonesia are demanding around $75 million in compensation after the US carmaker announced in January it would close all operations in Southeast Asia's biggest economy. The car market in Indonesia is dominated by Japan's Toyota Motor Corp and Honda Motor Co Ltd. Last year, General Motors Co shut its factory near Jakarta. Six businesses which oversee 31 Ford dealerships in Indonesia say they have sent a second letter about ...