Business / World Business

Nestle says to burn billions to reduce carbon footprint 03 Dec 2020 - 03:42 pm

Zurich: Swiss food giant Nestle on Thursday unveiled a multi-billion programme to slash its carbon footprint, aiming to halve emissions by 2030. As...

HDFC Bank ordered by RBI to suspend new digital products on outages 03 Dec 2020 - 02:36 pm

HDFC Bank Ltd. was ordered to curb some digital and credit card operations following a series of glitches at the Indian lender, a...

Walmart drops $35 minimum for its members' online orders 02 Dec 2020 - 02:59 pm

NEW YORK: Shoppers on Walmart.com who pay a $98-a-year membership fee will get free shipping on orders of any size starting Friday. Walmart...

Amazon says sellers racked up more than $4.8 bln in sales over weekend 01 Dec 2020 - 03:54 pm

Amazon.com Inc said on Tuesday independent businesses selling on its platform crossed $4.8 billion in worldwide sales from Black Friday through Cyber Monday,...

Dyson to invest $3.7 billion to double product range by 2025 27 Nov 2020 - 03:14 pm

LONDON: Dyson, the inventor of the bagless vacuum cleaner, said it would invest 2.75 billion pounds ($3.67 billion) in new technology in the...

Dow hits 30,000 as Biden begins White House transition 25 Nov 2020 - 11:35 am

New York: The Dow soared above 30,000 points for the first time Tuesday as Wall Street powered to fresh records, fueled by ebbing...

Elon Musk overtakes Bill Gates to grab world’s second-richest ranking 24 Nov 2020 - 01:09 pm

Elon Musk’s year of dizzying ascents hit a new apex Monday as the Tesla Inc. co-founder passed Bill Gates to become the world’s...

Target gains steam heading into crucial holiday season 18 Nov 2020 - 04:00 pm

NEW YORK: Target is the latest big U.S. retailer to show that it's prospering during the pandemic. The Minneapolis company reported Wednesday that...

Walmart sales top expectations as shoppers keep loading up 17 Nov 2020 - 04:23 pm

Walmart Inc. sales surged past estimates as consumers continue to flock to the essential retailer for carts full of groceries, pharmacy items and...

Germany 'confident of finding solution' after EU budget veto 17 Nov 2020 - 01:42 pm

Berlin: Germany is optimistic that a solution can be found to Poland and Hungary's veto of the EU budget and coronavirus recovery fund,...

UK to ban sale of new petrol and diesel cars from 2030: FT 14 Nov 2020 - 02:34 pm

LONDON: British Prime Minister Boris Johnson plans to announce next week a ban on the sale of new petrol and diesel cars from...

Has Disney put the worst of the pandemic behind it? 13 Nov 2020 - 05:26 pm

Walt Disney Co's rapidly growing streaming video business and a partial recovery at its theme parks gave investors fresh hope on Thursday that...

India announces $35 billion economic stimulus package 12 Nov 2020 - 02:11 pm

NEW DELHI: India’s finance minister on Thursday announced a $35.14 billion package to stimulate the economy by boosting jobs, consumer demand, manufacturing, agriculture...

Boeing sees more cancelled orders as MAX nears return 11 Nov 2020 - 12:06 am

New York - Boeing said Tuesday it was hit with another 12 cancelled orders for the 737 MAX, as the flagship aircraft is...

Etihad warns pilots of immediate job cuts as pandemic crisis continues 09 Nov 2020 - 04:08 pm

DUBAI: Abu Dhabi's Etihad Airways has warned pilots of immediate compulsory layoffs this week as demand for air travel fails to recover as...

'No more bullying': fresh start to U.S.-Mexico relations eyed under Biden 07 Nov 2020 - 08:22 pm

MEXICO CITY: A Joe Biden presidency could reset ties with top U.S. trade partner Mexico that have suffered since Donald Trump made his...

Regeneron beats quarterly revenue estimates as COVID-19 impact eases 05 Nov 2020 - 03:09 pm

Regeneron Pharmaceuticals Inc beat analysts' estimates for third-quarter revenue on Thursday as easing lockdowns boosted demand for its eye drug Eylea, while the...