Business / World Business

Volkswagen apologizes for emissions scandal at auto show 28 Oct 2015 - 11:14 am

TOKYO: A top Volkswagen executive Herbert Diess apologized at the Tokyo auto show Wednesday for the automaker's emissions-cheating scandal, promising to win back...

Toshiba says to sell sensor business to Sony, overhaul chip unit 28 Oct 2015 - 10:40 am

The logo of Toshiba Corp is seen behind trees at its headquarters in Tokyo, Japan October 1, 2015. REUTERS TOKYO: Toshiba Corp said...

Apple investors focus on iPhone sales for the holiday quarter 28 Oct 2015 - 10:30 am

n iPhone 6 Plus is pictured as the Apple iPhone 6s and 6s Plus go on sale at an Apple Store in Los...

Apple record 11.1 billion dollars profits in Q4 28 Oct 2015 - 10:13 am

Los Angeles: Apple raked in 11.1 billion dollars in net profits in the fourth quarter, the company said Tuesday, thanks to the world's...

Etihad Airways CEO sees more legal action in Air Berlin code-share dispute 27 Oct 2015 - 06:36 pm

ABU DHABI: Etihad Airways, which has a major stake in Air Berlin, said it expects further legal action in its dispute with the...

New York seaside city is rebounding 3 years after Sandy 27 Oct 2015 - 05:55 pm

LONG BEACH, N.Y.: Few places were hit as hard by Superstorm Sandy as the Long Island seaside community of Long Beach. Virtually all...

Draghi's compromise with doves heralds ECB policy easing in December 27 Oct 2015 - 05:44 pm

European Central Bank (ECB) president Mario Draghi addresses a news conference after a meeting of the ECB Governing Council in St Julian's, outside...

GM recalls 1.3 million older cars for fire hazard 27 Oct 2015 - 05:41 pm

General Motors Co (GM.N) said it is recalling about 1.3 million older sedans and coupes in the United States to fix oil leakages...

Fiat Chrysler recalls nearly 94,000 Jeeps due to fire risk 27 Oct 2015 - 05:32 pm

DETROIT: Fiat Chrysler is recalling nearly 94,000 SUVs because the air conditioning lines are too close to the exhaust manifold and could catch...

A weaker dollar, what the world economy needs but may not get 27 Oct 2015 - 04:02 pm

By Jamie McGeever LONDON: The last thing the world needs right now is a stronger dollar but that's exactly what it looks like...

Slower eurozone credit growth adds to ECB speculation 27 Oct 2015 - 01:36 pm

Frankfurt: Disappointing eurozone credit growth data will put more pressure on the European Central Bank to take additional action to boost the euro...

Trade deal to reduce cost, boost global exports between US$1.8-US$3.6 trillion : WTO 27 Oct 2015 - 09:37 am

Geneva: The Trade Facilitation Agreement (TFA) concluded in 2013 will help reduce trade cost for its member countries, spur global export between US$1.8...

China plans regular shipping services through Arctic 27 Oct 2015 - 09:32 am

Shanghai: China's biggest shipping company COSCO intends to launch regular services through the Arctic Ocean to Europe, a spokeswoman said Tuesday, as global...

German transport minister in US talks on VW scandal 27 Oct 2015 - 09:17 am

Washington: Germany's transport minister was in Washington Monday to brief his US counterpart on the steps Berlin is taking to address the pollution-cheating...

Dollar, equities dip as Asia awaits central bank meetings 27 Oct 2015 - 08:52 am

Hong Kong: The dollar retreated against emerging market currencies Tuesday, while equities eased after the previous day's rally as investors look ahead to...

Wal-Mart seeks to test drones for home delivery, pickup 27 Oct 2015 - 12:00 am

By Nathan Layne CHICAGO: Wal-Mart Stores Inc applied Monday to U.S. regulators for permission to test drones for home delivery, curbside pickup and...

FedEx predicts 12 percent increase in holiday shipments 26 Oct 2015 - 06:36 pm

With online shopping growing, FedEx is bracing for a record volumes this holiday season. The delivery company predicted Monday that shipments from Black...