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WhatsApp drops annual fee

2016-01-18 14:06:00| Telecompaper Headlines

(Telecompaper) WhatsApp announced it will stop charging users an annual fee to access the messaging app. Registered users were previously asked to pay EUR 1/USD 1 for the app each year, although this was often waived in promotional offers. Jan Koum, co-founder of WahtsApp, made the announcement at the Digital-Life-Design Conference in Munich. In a blog posting, the company said many users do not have the required credit card to pay the fee online, making it difficult to collect the fee. WhatsApp said it does not plan to introduce advertising in order to finance its service going forward. Instead it will start testing tools that allow users to communicate with businesses and organisations over WhatsApp. Examples include "communicating with your bank about whether a recent transaction was fraudulent, or with an airline about a delayed flight", the company said, noting most people already used to receiving these kind of messages through other channels, such as SMS and calls.

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Oil firm Saudi Sabic's quarterly profit drops 29%

2016-01-18 02:33:38| Chemicals - Topix.net

Saudi Basic Industries Corp., one of the world's largest petrochemical companies, on Sunday posted a 29.4% drop in quarterly profit as sales prices for its products fell. The company, better known as Sabic, made a net profit of 3.08 billion riyals for the three months period ending Dec. 31, down from 4.36 billion riyals for the same period last year, it said in a brief statement posted on the local stock market's website.

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Air France drops "plan B" restructuring - unions

2016-01-15 17:10:15| Airlines - Topix.net

Jan 15 Air France has dropped a so-called "plan B" restructuring plan of job losses that triggered clashes with staff last year in favour of limited expansion, union sources said on Friday. In new plans outlined to the airline's works council, the French unit of Air France-KLM targeted growth in its long-haul network from 2017, they said.

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