China’s ZTE Revises 2015 Profit After US Export Curbs

Chinese telecom equipment maker ZTE Corp revised down its 2015 net profit on Wednesday due to export curbs imposed by the US Commerce Department for alleged violations of sanctions against Iran. Shenzhen-based ZTE said its 2015 net profit rose 22 percent to CNY 3.2 billion ($493.3 million or roughly Rs. 3,277 crores). On January 19, the company reported a preliminary 2015 net profit of CNY 3.8 billion. ZTE said in a stock exchange filing the reduction was due to a reassessment of future cash inflows arising from related contracts following…

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Apple Pulls iOS 9.3 for Older iPhone and iPad Models After Activation Lock Issue

If you’re unable to update your old iPhone or iPad to iOS 9.3, you’re not alone. Apple has acknowledged an issue with the update, and has also temporarily pulled the software update for select older iOS devices. Earlier this week, several users with older iPhone and iPad models including the iPad 2, iPad 3, iPad 4, and the iPhone 4s, and iPhone 5, and iPhone 5s began to complain issues when finalising the upgrade process. Apple acknowledged the issue on its support page, and later also paused the update for…

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China’s ZTE Said to Appeal US Export Ban After Lobby Efforts Fail

China’s ZTE Corp will appeal tough US export restrictions imposed last week, according to a person familiar with the matter, after the telecom equipment maker’s costly lobbying effort failed to allay concerns about its business. The US Commerce Department imposed restrictions on US suppliers providing crucial components to ZTE for alleged Iran sanctions violations, a move likely to disrupt its global supply chain. “The US Department of Commerce and ZTE Corp are in ongoing discussions,” a senior Commerce Department official told Reuters. “These discussions have been constructive, and we will…

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Eating Peanuts Helps Infants Avoid Allergy, Even After Pause

Feeding infants small amounts of mashed-up peanuts early in life may help them avoid developing allergies, even if they stop eating peanuts for a year in early childhood, said researchers. The findings in the New England Journal of Medicine have prompted global health authorities to reconsider long-held advice that babies should avoid certain foods, amid a rise in potentially fatal peanut allergies among youths in recent years. “The early introduction of peanut to the diets of infants at high-risk of developing peanut allergy significantly reduces the risk of peanut allergy…

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Missing Noida-Based Fashion Designer Left Home After Dispute: Police

Shipra Malik had gone missing from Delhi on February 29. New Delhi:  Highlights 29 year old Shipra Malik went who missing on Monday, found in Gurgaon UP police say she left home voluntarily after a family dispute Malik returned on learning that her family had filed ‘missing’ complaint A Noida-based fashion designer who went missing mysteriously has been found in Gurgaon, a senior Uttar Pradesh police officer said today. The police say she “voluntarily left home after a family dispute.” Shipra Malik returned after seeing pictures of her family on…

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Sensex, Nifty Edge Lower on Profit-Taking After Four-Day Rally

Mumbai: Indian stock markets edged lower on Tuesday for the first time in five days as investors booked profits in banking shares such as State Bank of India amid cautious trading ahead of major central bank meetings. Asian stock markets also wobbled, after they hit a two-month high in the previous session, ahead of the European Central Bank’s policy review on Thursday and U.S. Federal Reserve’s policy meeting next week. “It’s a retracement that we are seeing after last week’s rally,” said AK Prabhakar, head of research at IDBI Capital.…

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