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Author: AFP

Lyft gets boost from improving outlook

SAN FRANCISCO: Lyft shares gained Wednesday after the US ride-hailing giant said it sees “positive momentum” that will help the company cut losses over the rest of 2019. The San Francisco-based Uber rival said its loss in the second quarter more than tripled from a year ago to $644 million

Pressure mounts for gun controls

WASHINGTON: Pressure built on the US Congress to pass tough gun control legislation Thursday as the mother of the man arrested for the slaughter of 22 people in El Paso, Texas said she had called police out of concern he had a military-style weapon. But President Donald Trump and most

Serbia gives citizenship to fugitive ex-Thai PM Yingluck

BELGRADE: Serbian media reported Thursday that the country has granted citizenship to Thailand’s fugitive former premier Yingluck Shinawatra, who was ousted ahead of the 2014 coup and later fled to avoid a jail term. Yingluck furtively slipped out of the kingdom while it was still under junta rule in August

Nadal, Thiem win in rain-hit opener

MONTREAL: Rafael Nadal and Dominic Thiem advanced into the third round of the ATP Montreal Masters on Wednesday, with Thiem achieving a personal best in Canada. Top-seeded holder Nadal suffered through a two-hour rain interruption before dismissing Britain’s Daniel Evans 7-6 (8/6), 6-4. Austrian second seed Thiem, who claimed a

Pliskova puts number one pressure back on Osaka

TORONTO (Canada): Karolina Pliskova reached the third round of the Toronto WTA tournament on Wednesday putting the pressure back on Naomi Osaka in the battle to reclaim the world number one ranking. World number three Pliskova of the Czech Republic defeated America’s 37th-ranked Alison Riske 6-4, 6-7 (4/7), 6-2 as

Serena wins first match since Wimbledon final

TORONTO (Canada): Serena Williams looked solid in her first match since losing the Wimbledon final, defeating 20th-ranked Elise Mertens of Belgium 6-3, 6-3 on Wednesday at the WTA Toronto tournament. The 37-year-old American, one crown shy of a record-tying 24th Grand Slam singles title, advanced in 75 minutes at her

Japan approves key exports to South Korea

TOKYO: Japan has approved the export to South Korea of some key products for the first time since introducing stricter trading rules amid an ongoing row between the two US allies. Economy, Trade and Industry Minister Hiroshige Seko said yesterday that Tokyo had given the green light to export to

China’s exports rise in July

BEIJING: China’s exports beat expectations to rise in July while its purchases continued to shrink, official data showed yesterday, despite simmering US trade tensions. The trade war with the United States and weakening global demand had weighed on China’s manufacturing sector during the first six months of the year, with

Thyssenkrupp slashes outlook and flags weak units

BERLIN: German industrial conglomerate Thyssenkrupp yesterday reported lower losses in the third quarter, flagging up three struggling businesses and slashing its forecasts as it tackles a massive restructuring. Essen-based Thyssenkrupp lost 77 million euros  in April-June, the third quarter of its financial year, it said in a statement. In 2018

Rare Assam tea bags world record at auction

A rare Assam tea has sold for a world record price at auction in India, highlighting a boom for speciality teas while the industry as a whole is in crisis. A two kilogramme lot of Maijan Orthodox Golden tea sold for US$2,035 on Wednesday. An unidentified Belgian trader bought the