Business / World Business

Model planes and chocolate hearts: Air Berlin surprised by auction success 05 Feb 2018 - 01:51 pm

BERLIN: Defunct airline Air Berlin's first auction of assets drew almost 13,000 bids for items ranging from plane seats to chocolate hearts and...

Alibaba Takes Stake in Wanda Film as Part of $1.2 Billion Sale 05 Feb 2018 - 01:39 pm

Wanda Group Co. said Alibaba Group Holding Ltd. has agreed to invest in its film unit, becoming the second-largest shareholder, as the cinema...

Asia's newest central bank chief has a formidable record to beat 01 Feb 2018 - 11:12 pm

When Yang Chin-long takes the helm of Taiwan’s central bank later this month, he’ll have the legacy of his predecessor Perng Fai-nan as...

Row over monkey tests takes shine off Daimler's record profits 01 Feb 2018 - 11:05 pm

Frankfurt am Main: German luxury carmaker Daimler on Thursday announced record profits for 2017 thanks to strong SUV and truck sales, but the...

Alibaba net profit soars 35% to $3.7 billion in Q3 01 Feb 2018 - 03:08 pm

Beijing: Chinese e-commerce giant Alibaba Thursday posted a 35 percent surge in net profit in the third quarter, rising to $3.7 billion thanks...

Greece wants clean break from lenders, preparing own post-bailout plan: Euclid Tsakalotos 31 Jan 2018 - 11:54 pm

ATHENS: Greece expects to make a clean break with official lenders when its international bailout expires in August and has no reason to...

Siemens says profits up on global upturn 31 Jan 2018 - 11:40 pm

Frankfurt am Main: German engineering giant Siemens said Wednesday that profits jumped in the first quarter of its financial year, driven by rising...

China January official factory PMI dips to 51.3, below forecasts 31 Jan 2018 - 11:40 pm

BEIJING: Growth in China's manufacturing sector slowed more than expected in January in the face of a cooling property market and tighter pollution...

Dutch KPN dials up strong profit growth in 2017 31 Jan 2018 - 11:03 pm

The Hague: Dutch telecoms firm KPN hailed a rise in fortunes Wednesday, with profits up by nearly a third in 2017, despite the...

Aldi to offer Berlin students flats on top of discount food 31 Jan 2018 - 07:15 pm

German discount grocer Aldi has become the latest player in the industry to realize that putting apartments on top of its supermarkets can...

Italy's Leonardo outlook sends shares into tailspin 30 Jan 2018 - 11:56 pm

Vergiate, Italy: Shares in Italy's Leonardo, one of world's top ten defence companies, went into free fall Tuesday after the company presented a...

German industrial strikes to hit Daimler, Porsche 30 Jan 2018 - 11:45 pm

FRANKFURT: Workers at German companies including carmakers Daimler and Porsche and automotive supplier Bosch are set to stage strikes over the coming days...

Britain worse off in three Brexit scenarios, leaked analysis says 30 Jan 2018 - 10:37 pm

LONDON: Britain's economy will be worse off after Brexit whether it leaves the EU with a free trade deal, single market access, or...

German metalworkers to down tools from Tuesday night 30 Jan 2018 - 10:07 pm

Frankfurt am Main: Thousands of German metalworkers will down tools for a day from Tuesday evening, as their powerful union flexes its muscles...

US seen as world's second-biggest tax haven after Switzerland 30 Jan 2018 - 08:35 pm

The U.S. is the world’s second-largest tax haven, behind Switzerland and just ahead of the Cayman Islands, according to a report released Tuesday....

Ryanair recognises trade union in landmark deal 30 Jan 2018 - 01:16 pm

London: Ryanair said Tuesday it has signed an agreement with the British Airline Pilots Association that formally recognises a pilots' union for the...

China’s development push in poor countries worries non-profits 29 Jan 2018 - 09:29 pm

DAVOS, Switzerland: China’s development push into poor countries is marginalizing the role of human rights bodies, green groups and other non-profits, making it...