Business

KASHGAR, China: Chinese travelers throng the bazaars of old Kashgar, munching mutton kebabs and soaking up heavily commodified Uyghur culture — part of a government push to remold troubled Xinjiang into a tourism paradise. Kashgar, an ancient Silk Road oasis, was more recently on the frontlines of Beijing’s sweeping anti-terrorism …

CUPERTINO, California: Apple on Tuesday unveiled its next generation of iPhones — a line-up that will boast better cameras, faster processors, a new charging system and a price hike for the fanciest model. The showcase at Apple’s headquarters in Cupertino, Calif., comes as the company tries to reverse a mild …

Although the pace of increase has come down slightly, the price of rental accommodation in Canada continues to go up — with the average tenant now being asked to pay $2,117 a month.  Average asking price for a new tenant has risen by 9.6% in last year, Rentals.ca says. Average …

Apple showed off its latest iterations in its product lineup on Tuesday. While there were plenty of fancy new features for the company’s legions of power users to gush over, the biggest change is a simple one: They’re switching to USB charging.  Move is a response to recent EU legislation …

TOKYO: Masayoshi Son’s once-exalted reputation as an investor is badly tarnished, but the irrepressible founder of Japan’s SoftBank is hoping that the mega-IPO of Arm this week might bring back the good times. The flamboyant farmer’s son who rose to become one of the world’s richest people is hoping that …

FRENCHregulators on Tuesday ordered Apple to halt sales of the iPhone 12 for emitting too much electromagnetic radiation, and to fix existing handsets. The French agency that regulates radio frequencies, the ANFR, said testing found that the model emits more electromagnetic waves susceptible to be absorbed by the body than …

Food conglomerate J.M. Smucker said on Monday it will buy Twinkies-maker Hostess Brands in a $5.6 billion deal, as major U.S. packaged food companies look to expand their brand portfolios with pandemic-era fortunes dwindling.  Merger will combine two companies that have boosted revenue with higher prices even as sales slump. …

All riders on Toronto’s subway system will have cellphone service starting Oct. 3, Federal Minister of Innovation, Science and Industry François-Philippe Champagne announced on Monday.  Telecom companies have clashed for months over TTC network access, commercial terms. All TTC subway riders will get cellphone service, minister says Licences of all …

PARIS: From the collapse of Lehman Brothers in 2008 to this year’s fire sale of Credit Suisse, the landscape of the banking sector has changed profoundly following a wave of consolidation and tighter regulation. Tougher regulation After Lehman Brothers crumbled, regulators in the United States and Europe tightened the regulatory …

BEIJING: Chinese e-commerce giant Alibaba has announced the surprise departure of former CEO Daniel Zhang, who had been set on Monday to take charge of a key subsidiary as the firm undergoes a major restructuring. Hangzhou-based Alibaba is one of China’s most prominent technology firms, with business operations spanning cloud …