09262016Mon
Last update: Mon, 26 Sep 2016 05am

Industries & Sectors

Business & Finance - Industries & Sectors

Nearly 30mn diesel cars on EU roads over emissions limit BRUSSELS: One year after the Volkswagen "dieselgate" scandal, nearly 30 million cars on Europe's roads are still way over air pollution limits, campaign group Transport and Environment said in a report Monday.The German car manufacturer admitted in September 2015 to installing so-called "defeat devices" in 11 million diesel cars that enabled them to pass emissions tests they would otherwise have failed. Greg Archer, the clean vehicle director at the Brussels-based NGO, said "one year after the US caught Volkswagen cheating, all carmakers keep selling grossly polluting diesel cars with the connivance of European governments." The study found that not one brand complied with current air pollution limits in real-world driving conditions, with Fiat and Suzuki diesel cars spewing out 15 times more nitrogen oxide than the current legal limit.Nitrogen oxide is linked to respiratory and cardiovascular diseases. The European Environment Agency said in a 2015 report that nitrogen oxide was ...

Business & Finance - Industries & Sectors

Airbus chief says job cuts not off table BLAGNAC: Airbus chief Tom Enders said Monday he did not rule out job cuts at the European aircraft manufacturer after a media report said the group was considering slashing costs."You never exclude anything when you're talking about efficiency and synergy but we're in the process of thinking it all through, how we can make our corporate structures leaner and more efficient," Enders told AFP, when asked if cost-cutting could hit staff.The Financial Times reported Monday ...

Business & Finance - Industries & Sectors

Red Bull says profits soar 35 percent VIENNA: Austrian energy drink maker Red Bull said it posted record profits of 501 million euros ($559 million) in 2015, an increase of 35 percent, according to the economics magazine Trend.The unlisted firm, which does not directly publish its figures, saw drink sales nudge up 6.1 percent to 5.96 billion cans, its turnover rise 20 percent to 3.2 billion euros, and operating income soar by 90 percent to 633.3 million euros, according to Trend.Red Bull's ...

Business & Finance - Industries & Sectors

Using Galaxy Note 7? Make sure it’s safe with this Samsung checker Samsung suffered a huge blow, after it was forced to recall its latest golden child the Samsung Galaxy Note 7 amid reports of battery exploding endangering the life of its user.However, there is good news for all Galaxy lovers out there, as you could now check whether your Note 7 is safe or not, all thanks to the IMEI checker.Credit should be given to Samsung as the company itself has provided this checker, which is ...

Business & Finance - Industries & Sectors

J&J buying Abbott's vision care assets for $4.3 bn NEW YORK: Johnson & Johnson announced Friday that it reached a deal to buy opthalmic assets from Abbott Laboratories for $4.3 billion as it targets vision care in an aging world.J&J will acquire Abbott Medical Optics, which works in three areas: cataract surgery, laser vision surgery (LASIK) and consumer items such as contact solution and eye drops. AMO had sales of $1.1 billion in 2015."Eye health is one of the largest, fastest growing and most ...

Business & Finance - Industries & Sectors

ExxonMobil accounting for oil crash probed in NY: source NEW YORK: ExxonMobil is being investigated by the New York attorney general for not writing down assets due to the oil price crash, a person familiar with the matter said Friday.The probe undertaken by New York Attorney General Eric Schneiderman looks at ExxonMobil's accounting in the wake of the US oil giant's exceptionally good financial performance during the oil rout.Rivals, including Royal Dutch Shell and Chevron, have taken large asset write-downs that have led them ...

Business & Finance - Industries & Sectors

Google removes 1.75bn URLs due to copyright infringements ISLAMABAD: Google has removed 1.75 billion sites from its index due to copyright infringements as per requests lodged by owners of websites.Around 40 million take down requests were rejected which is 2.1 percent of total requests lodged while another 16 million requests were duplicates.According to the company, it may temporarily or permanently remove sites from its index and search results if it believes it is obligated to do so by law, if the sites do ...