Business / World Business

Hyundai Motor fast-tracks US EV plant to 2024 16 Feb 2024 - 11:54 am

Doha, Qatar: Hyundai Motor Group has once again moved up the launch of its new US plant solely dedicated to producing electric vehicles...

Renault bounces back in 2023 with net profit of €2.2 billion 14 Feb 2024 - 10:00 pm

Paris: French automaker Renault on Wednesday said it had bounced back into profit in 2023 as sales rose due to new models and...

Sony hikes net profit forecast, will list financial services unit 14 Feb 2024 - 11:15 am

Tokyo: Japan's Sony upgraded its annual net profit forecast on Wednesday and said it would list its financial services division on the stock...

Hermes celebrates record profit with staff bonuses 09 Feb 2024 - 02:14 pm

Paris: French luxury giant Hermes posted on Friday record annual sales and net profit, with plans to reward all employees worldwide with a...

Stocks drift lower as early rate cut hopes fade 05 Feb 2024 - 06:09 pm

London: Global stocks mostly fell on Monday following comments by Federal Reserve boss Jerome Powell which shattered any remaining hopes for a March...

Boeing says new problem found in 737 could slow deliveries 05 Feb 2024 - 08:29 am

New York: US aircraft manufacturer Boeing said Sunday it has learned of new problems with the fuselage of its flagship 737 model which,...

Controversial podcast host Joe Rogan signs a new deal with Spotify for up to a reported $250 million 03 Feb 2024 - 08:20 pm

New York: Spotify has penned a new multi-year partnership deal with controversial podcast host Joe Rogan, whose enormously popular show will soon also...

Did Australian invent bitcoin? UK court examines claim 02 Feb 2024 - 06:34 pm

London: A court case starting in London on Monday will seek to determine whether Australian computer scientist Craig Wright invented bitcoin, the world's...

Gulf Air resumes flights to four destinations 02 Feb 2024 - 01:09 pm

Doha, Qatar:Gulf Air, the national carrier of the Kingdom of Bahrain, has announced the resumption of its flights to four destinations during the...

Bank of England freezes rate as inflation stays high 01 Feb 2024 - 04:34 pm

London: The Bank of England froze its key interest rate Thursday for a fourth meeting in a row, matching US Federal Reserve policy,...

China overtakes Japan as world's biggest vehicle exporter 31 Jan 2024 - 11:42 am

Tokyo: China's global dominance in electric cars helped it overtake Japan as the world's biggest vehicle exporter last year, official data confirmed Wednesday....

Microsoft joins Apple in $3 trillion club 25 Jan 2024 - 12:16 am

New York: Microsoft joined Apple on Wednesday as a three trillion dollar company, as its big bet on artificial intelligence continued to impress...

'League of Legends' developer Riot Games announces layoffs of 530 staff 23 Jan 2024 - 09:26 am

BANGKOK: Riot Games, the developer of the popular "League of Legends” multiplayer battle game is joining other tech companies that have been trimming...

Sony ditches tie-up with India's Zee 22 Jan 2024 - 11:42 am

Tokyo: Sony confirmed Monday it is pulling out of a $10-billion merger agreed in 2021 of its Indian operations with local rival Zee...

Japan inflation slows to 2.3 percent in December as energy bills drop 19 Jan 2024 - 02:52 pm

Tokyo: Japanese consumer inflation slowed again in December due to lower electricity and gas bills, government data showed Friday, ahead of a Bank...

UK retail sales hit lowest since 2021 Covid lockdown: data 19 Jan 2024 - 12:27 pm

London: UK retail sales last month suffered the largest drop since January 2021 when Britain was in Covid lockdown, as Christmas shoppers tightened...

Chemical giant Bayer confirms 'significant' cuts in Germany 18 Jan 2024 - 11:57 am

Berlin: Pharmaceutical giant Bayer confirmed late Wednesday that it will be making "significant" cuts to its workforce in Germany by the end of...

ECB's Lagarde says summer rate cut 'likely' 17 Jan 2024 - 12:55 pm

Davos, Switzerland: The European Central Bank could start cutting interest rates this summer, president Christine Lagarde said Wednesday, while stressing that any such...