Jaguar Land Rover seeks state loan to overcome crisis, Sky says

London: Jaguar Land Rover has asked for a major support package to help it get through the coronavirus pandemic, Sky News reported, without saying where it got the information. The UK’s largest carmaker is in discussions with the government about a taxpayer support package and it has submitted the biggest bespoke loan request of the […]

Twitter, WhatsApp sanctions loom in EU privacy crackdown

Brussels: Twitter Inc. and Facebook Inc.’s WhatsApp are in the firing line as Europe’s leading privacy watchdog for US tech giants edges closer to delivering its first major sanctions under the region’s tough data protection rules. The Irish Data Protection Commission said on May 22 that it finalised a draft decision linked to a data […]

CPEC contributes to Pakistan’s national development: Foreign Ministry

Islamabad: The Pakistan Foreign Minister has said that the China-Pakistan Economic Corridor (CPEC) is a transformational project contributing positively and transparently to the country’s national development. Pakistan’s statement on Friday came after Alice Wells, outgoing principal deputy assistant secretary for the Bureau of South and Central Asian Affairs of the US State Department, recently criticized […]

Coronavirus: US has lost 36.8m jobs during COVID-19 pandemic

Washington: Job losses in the United States are slowing but totalled an unheard-of 38.6 million since the coronavirus pandemic lockdowns began, while officials debate what additional steps will be needed to rescue the beleaguered economy. Another 2.43 million Americans were put out of work last week, fewer than the previous week but still among the […]

JPMorgan sees US jobless rate at least 10% through early 2021

New York:  Economists at JPMorgan Chase & Co. see the U.S. recovery from the coronavirus pandemic going even more slowly than previously thought, downgrading their forecast for 2021 growth and projecting an unemployment rate of at least 10% through next year’s first quarter. The lockdowns of state economies to combat the spread of the coronavirus […]

OSN now has the force to take on Netflix, Amazon Prime in streaming TV services

Dubai: A world in lockdown seems to have done much to revive OSN, the Gulf’s very own satellite-to-streaming services provider. Through the last two months, OSN has along with all other web-TV platforms been able to make full use of having captive audiences searching what to watch out next. And then came Disney. Early April, […]