BUSINESS
Snapchat reports $422 mn loss in Q2, shares tank 25%
"Our financial results for Q2 do not reflect the scale of our ambition. We are not satisfied with the results we are delivering," Snap CEO Evan Spiegel said after delivering the second quarter (Q2) results late on Thursday.
2 Indian brothers, 1 Indian-American charged with crypto insider trading scheme in US
Ishan Wahi, 32, a former product manager at Coinbase Global, stayed in Seattle, Washington, along with his brother Nikhil Wahi, 26. They committed the cryptocurrency crime with Indian-American Sameer Ramani, 33, of Houston, the US Department of Justice said in a statement late on Thursday.
Airlines can't charge additional fee for issuing boarding pass: Ministry
Many Airlines currently charge a fee of Rs 200 if a passenger wants the boarding pass to be issued at the check-in counter instead of going for web check-in. "It has come to the notice of the MoCA (Ministry of Civil Aviation) that airlines are charging additional amount from the passengers for issuing boarding passes," the ministry said. This additional amount is not in accordance with the provisions of the Aircraft Rules, 1937, it said.
Oil and gas industry delivered $2.8billion a day in pure profit for last 50 years
The vast total captured by the petrostates and fossil fuel companies since 1970 is $52 trillion, providing the power to "buy every politician, every system" and delay action on the climate crisis, said Professor Aviel Verbruggen, the author of the analysis. The huge profits were inflated by cartels of countries artificially restricting supply.
Restrictions on withdrawals could fuel a banking crisis in China
"The financial system has poor capital turnover and can't cope with demand for liquidity," Jin told RFA. "In the background is the bigger picture of the long-term economic downturn, caused by (the zero-COVID policy)." "This fatal blow to the economy results in a loss of (liquidity), as well as making bank deposits fall at the same time."
Airlines can't charge additional fee for issuing boarding pass: Ministry
Many Airlines currently charge a fee of Rs 200 if a passenger wants the boarding pass to be issued at the check-in counter instead of going for web check-in. "It has come to the notice of the MoCA (Ministry of Civil Aviation) that airlines are charging additional amount from the passengers for issuing boarding passes," the ministry said.
Amazon acquires primary healthcare firm One Medical for $3.9 bn
"Booking an appointment, waiting weeks or even months to be seen, taking time off work, driving to a clinic, finding a parking spot, waiting in the waiting room then the exam room for what is too often a rushed few minutes with a doctor, then making another trip to a pharmacy - we see lots of opportunity to both improve the quality of the experience and give people back valuable time in their days," said Neil Lindsay, SVP of Amazon Health Services.
Pakistan's economy takes a beating amid rising political instability following Punjab by-poll results
The results -- PTI won 15 out of 20 seats in the by-elections-- have dealt a setback for the ruling Pakistan Muslim League-Nawaz (PML-N) led coalition, which has been trying to secure a bailout package from the International Monetary Fund as well as other friendly countries. Punjab, the largest and most populous province in Pakistan, has typically been the stronghold of the PML-N.
China slaps $1.18 bn fine on ride-hailing major Didi Global over national security
Senior executives Will Cheng Wei and Jean Liu Qing were each fined 1 million yuan, the regulator said, reports South China Morning Post. The CAC said in its statement that Didi committed 16 offences involving the illegal collection of data from drivers and passengers. "They include the illegal processing of 64.7 billion personal information entries over the span of seven years since June 2015," the report said.
Amazon ramps up India hiring for cheaper Internet service as Musk's Starlink quits
The company has posted several job openings for Project Kuiper in the country. One job posting in Bengaluru seeks to hire a manager to "execute and handle the project's licensing strategy in India and Asia-Pacific". The other job opening is for Business Strategy Lead, Country Development, Project Kuiper in Haryana (Gurugram).
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