Coca-Cola grant for Kashf Foundation

KARACHI: The Coca-Cola Foundation has approved a further grant of $100,000 to the Kashf Foundation for an ongoing women empowerment programme which started three years ago, a press release said on Thursday. “Over 3,350 women have so far been empowered to establish small business and create livelihoods for themselves and their families. The Coca-Cola Foundation has already given grants totalling $380,000 to Kashf Foundation,” it added.

Samsung to appeal in Apple patent case

SAN FRANCISCO: South Korean technology company Samsung is filing a petition to the US Supreme Court in its long-running patent infringement case against Apple, according to court documents.

The petition is being filed after an appeals court upheld part of a ruling by a California jury that found patent infringement by Samsung, ordering the company to pay some $930 million in damages to its American rival.

The petition “will present at least two substantial questions concerning design-patent liability and damages,” and be filed by November, the court documents filed Wednesday said.—AFP

Egypt, Saudi Aramco sign $1.4bn deal

CAIRO: Egypt agreed a three-month oil products deal worth $1.4 billion with Saudi Arabia’s state-owned Aramco to begin in September, the oil minister told Reuters on Thursday.

The deal stipulates that Egypt pay Aramco within a year, Sherif Ismail said.

Financial support from Gulf States such as Saudi Arabia has helped Cairo keep its economy afloat and ease an energy crisis.

The deal includes 500,000 tonnes of diesel fuel, 220,000 tonnes of heating oil and 150,000 tonnes of gasoline per month, Ismail said.—Reuters

Renault-Nissan cuts jobs, output in India

NEW DELHI: Franco-Japanese carmaking alliance Renault-Nissan plans to cut several hundred jobs in India and reduce production at its plant near Chennai, in the country’s south, a top executive told Reuters late on Thursday.

The move is in reaction to slowing sales caused by the slow pace of new product launches and growing competition from rivals like Maruti Suzuki India Ltd and Hyundai Motor Co .

“Domestic sales are going through ups and downs ... Today we are in a situation where we need to adapt slightly the workforce for our plant,” said Guillaume Sicard, president, Nissan India.

Sicard said a few hundred jobs would be lost but did not commit to a specific number.

The alliance employs 8,000 people at its plant in Chennai, which includes 1,200 temporary workers, some of whom will be laid off, he said.—Reuters

Published in Dawn, August 21st, 2015

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