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Business

Coincheck to repay users

TOKYO: Japanese cryptocurrency exchange Coincheck Inc said it will use its own capital to reimburse customers who lost money in Friday’s US$400mil theft.

Economy Premium

Lawmakers trade blame over gov't shutdown

Republicans and Democrats dig into their positions in a fight over immigration policy

Technology Premium

China’s Internet giants face users’ anxiety over privacy

Search engine Baidu joins Ant Financial and Tencent Holdings under the spotlight

Business

Fired Indian technology workers turn to chatbots for counselling

BENGALURU: For months Lovkesh Joshi was quietly terrified of losing his job as a manager at a top Indian tech services company. Clients were cutting their budgets, prompting his bosses to fire dozens of colleagues. His manager told him not to worry, but it was hard not to when experts were predicting that millions of the country’s IT workers would be eliminated in the coming years. “My head was full of ‘yaar, kya honewalla hai?’” says Joshi, using a Hindi expression that means “what’s going to happen?”

Business

More cooling off measures needed

SINCE young, my parents have advised me to save for the rainy days and old age. To lead by example, they walked the talk by adopting a prudent lifestyle throughout their entire lives.

Business

Petronas unit holds talks with Shell operator in Africa

JOHANNESBURG: Petroliam Nasional Bhd’s South African unit Engen is in talks with Vivo Energy Holding BV to combine some of their African fuel-retail assets, according to two people familiar with the matter.

Business

Smartphone apps and newsfeeds weighing on productivity

SMARTPHONE apps and newsfeeds are designed to constantly grab our attention. And research suggests we’re distracted nearly 50% of the time. Could this be weighing down on productivity?

Business

Malaysian pension giants to seek insurer deal talks

KUALA LUMPUR: Malaysia’s two biggest pension funds, which manage a combined US$203bil, plan to pursue talks to buy stakes in foreign-owned insurers in the country as the government enforces caps on overseas ownership, people with knowledge of the matter said.

Business

EPF, KWAP are said to pursue insurance deal talks

KUALA LUMPUR: Malaysia’s two biggest pension funds, which manage a combined RM856bil, plan to pursue talks to buy stakes in foreign-owned insurers in the country as the Government enforces caps on overseas ownership, people with knowledge of the matter said.

Business

Electric cars may cause big disruption to oil industry

LONDON: It’s 10 years since Apple Inc unleashed a surge of innovation that upended the mobile phone industry. Electric cars, with a little help from ride-hailing and self driving technology, could be about to pull the same trick on Big Oil.