Germany fines Facebook for under-reporting complaints

Berlin: German authorities have fined Facebook 2 million euros ($2.3 million; Dh8 million) for under-reporting complaints about illegal content on its social media platform in breach of the country’s law on internet transparency. In a statement on Tuesday, Germany’s Federal Office of Justice said that by tallying only certain categories of complaints, the web giant had […]

Facebook says some users facing outage on its platforms

Facebook Inc said on Wednesday it is working to resolve issues faced by some users while sending media files on its social media platforms including WhatsApp and Instagram. More than 14,000 users reported issues with Instagram, while more than 7,500 and 1,600 users reported issues with Facebook and WhatsApp, according to outage tracking website Downdetector.com. The […]

Lipton steps in to lead IMF as Lagarde leaves for ECB

Washington: American economist David Lipton will serve as interim leader of the International Monetary Fund, replacing Christine Lagarde who was nominated to head the European Central Bank, the IMF board announced Tuesday. “We accept Ms. Lagarde’s decision to relinquish her IMF responsibilities temporarily during the nomination period,” the board said. “We have full confidence in […]

Dubai ranks first in Arab world in future readiness

Dubai: Dubai ranked first in the Arab world and 11th globally in future readiness in 2019, according to the Global Competitiveness of Talent report, which assesses cities on developing local talent, future readiness, and attracting international talent. The report was issued by the Institute for Administrative Development in Switzerland in cooperation with the Dubai Competitiveness […]

DP World launches ‘India-UAE Bridge’ initiative

Dubai: DP World, UAE Region has launched ‘The India-UAE Bridge’, a major initiative that will attract Indian trade and investments to its flagship Jebel Ali Port and Jafza by offering end-to-end solutions to companies and entrepreneurs. A collaboration between DP World UAE Region, Jafza and the Indian Business and Professional Council (IBPC), the solutions delivered […]

IMF approves $6b loan for Pakistan

WASHINGTON: The International Monetary Fund on Wednesday approved a $6 billion (Dh22 billion), three-year loan for Pakistan to try to right the nation’s economy. The IMF board released $1 billion to Pakistan immediately and said in a statement that the programme aims to “support the authorities’ economic reform programme” and to help “reduce economic vulnerabilities […]