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Jaguar Land Rover to cut output and jobs due to Brexit, diesel slump: source

LONDON: Britain’s biggest carmaker Jaguar Land Rover will cut around 1,000 jobs and production at two of its English factories due to a fall in sales caused by uncertainty around Brexit and confusion over diesel policy, a source told Reuters. Output will be cut at its central English Solihull and Castle Bromwich plants, affecting some 1,000 agency workers, the source said. A spokesman at Jaguar Land Rover (JLR) declined to comment on the number of jobs which would be lost but the firm said it would be making changes to…

Uber to sell Southeast operations to Grab, get stake in combined business: source

SINGAPORE: Ride-hailing firm Uber has agreed to sell its Southeast Asian business to the region’s bigger rival Grab, a source with direct knowledge of the matter said on Sunday, in what would be the US company’s second retreat from Asia. As part of the transaction, company would get a stake of as much as 30 percent in the combined business, the source said. He did not want to be identified as the deal is not public yet. Read More: US police release video of fatal collision with uber self-driving…

Southeast Asia’s Grab in talks to buy into Uber’s regional business: source

SINGAPORE: Southeast Asia’s biggest ride-hailing firm, Grab, is in advanced negotiations to buy parts of Uber’s business in the region, said a source with knowledge of the talks, in what would be Uber’s second retreat from an Asian market. Ride-hailing firms have raised billions of dollars to help compete in Southeast Asia where they have been forced into losses partly due to hefty incentives to drivers and discounts to riders. Grab has a dominant position in several markets in the region of about 640 million people,…

Apple in talks to acquire music identification app Shazam: source

SAN FRANCISCO: Apple is in talks to acquire Shazam Entertainment, whose software helps users identify songs by pointing their phone at an audio source, according to a person familiar with the situation. Shazam’s smartphone app is already tightly integrated with Apple’s Siri digital assistant. Users of Apple’s iPhone with the Shazam app installed can say: “Hey Siri, what’s that song?” and the app will identify it. But Shazam has other features, such as the ability to identify television shows, that do not yet work with…

Argentina judge orders arrest of ex-president Cristina Kirchner: source

BUENOS AIRES: An Argentine judge on Thursday ordered the arrest of former president Cristina Kirchner for allegedly covering up Iranian involvement in a 1994 bombing at a Buenos Aires Jewish center that left 85 people dead, according to a judicial source. The order also removes the judicial immunity of Kirchner, who served as president from 2007-2015 and is now a senator. She has previously called the case an "absurdity." "As happens regularly in Argentina, the news was first leaked to the press and Cristina has not…

First charges filed in US special counsel’s Russia investigation: source

WASHINGTON: A federal grand jury on Friday approved the first charges in the investigation into alleged Russian meddling in the 2016 US presidential election, a source briefed on the matter told Reuters. The indictment was sealed under orders from a federal judge so it was not clear what the charges were or who the target was, the source said, adding that it could be unsealed as early as Monday. The filing of charges by the grand jury in Washington was first reported on Friday by CNN, which said the target could be…

Beijing cryptocurrency exchanges told to announce trading halt: source

SHANGHAI: Chinese authorities have ordered Beijing-based cryptocurrency exchanges to cease trading and immediately notify users of their closure, signaling a widening crackdown by authorities on the industry to contain financial risks. Exchanges were also told to stop allowing new user registrations as of Friday, according to a government notice signed by the Beijing city group in charge of overseeing internet finance risks that were circulated online and verified by a government source to Reuters. Platforms should…

Google tests publishing tech similar to Snapchat: source

Alphabet's Google is developing technology that media companies could use to create stories similar to those found on Snapchat's "Discover" platform, a person familiar with the plans said on Friday. Google's project, dubbed "Stamp," is in the early stages of testing with publishers, said the person, who spoke on condition of anonymity. Tech firms including Google, Snapchat's owner Snap and Facebook are racing to develop publishing tools for media companies, hoping to fill their own apps with news, entertainment, sports…

Five world athletics championships facing bribery probe: source

PARIS: French prosecutors investigating whether bribery was involved in the award of the 2021 world athletics championships to the US city of Eugene are also looking into several other host city decisions, a source close to the case said on Friday. The inquiry, one of a group of French probes into cash-for-votes allegations surrounding the award of sporting events around the world, is looking at decisions by the International Association of Athletics Federations (IAAF) to give their blue riband event to Doha (2019), London…