Business / World Business

China slowdown slams brakes on auto market 24 Sep 2015 - 01:41 am

Pedestrians walk past a Maserati showroom, run by Chinese luxury automobile dealer Sunfonda Group, in Shanghai. Shanghai: Chinese luxury auto dealer Sunfonda was...

Swiss Re to buy Guardian Financial Services for £1.6bn 24 Sep 2015 - 01:39 am

The logo of Swiss insurer Swiss Re is seen in front of its headquarters in Zurich, Switzerland. Zurich: Swiss Re, the world’s second...

Myanmar inaugurates $1.5 billion economic zone ahead of elections 23 Sep 2015 - 01:52 pm

By Hnin Yadana Zaw THILAWA, Myanmar: Myanmar's vice president opened on Wednesday a $1.5 billion manufacturing complex aimed at luring investment and creating...

Sweet justice: Lindt beats Haribo in gummy bear court battle 23 Sep 2015 - 12:02 pm

BERLIN: Lindt savoured a victory over Haribo Wednesday in a long-running legal battle after a German federal court ruled that the chocolate teddy...

Fossil fuel divestment movement reaches $2.6trn 23 Sep 2015 - 12:48 am

US actor Leonardo DiCaprio (centre) sits in the audience during a press conference to announce further business divestment from fossil fuels in New...

Osborne supports China’s reforms commitments 23 Sep 2015 - 12:40 am

Britain’s Chancellor of the Exchequer George Osborne delivers a speech at the Shanghai Stock Exchange in Shanghai yesterday. Beijing: Britain’s Finance Minister George...

MRT project in Jakarta 22 Sep 2015 - 12:50 am

Workers prepare the start of digging a giant hole with a Tunnel Boring Machine (TBM) after Indonesian President Joko Widodo inaugurated the first...

VW shares plunge on emissions scandal 22 Sep 2015 - 12:47 am

Volkswagen model vehicles on a dealer lot in Bedford, Massachusetts, yesterday. BERLIN: Volkswagen shares plunged more than 20 percent yesterday, their biggest ever...

Lulu opens 118th store 22 Sep 2015 - 12:40 am

Lulu Hypermarket opened its 118th outlet in Sinaw to reach out to the Wilayats of the Sultanate. The store was officially inaugurated by...

Volkswagen shares plunge on emissions scandal, Germany plans own probe 21 Sep 2015 - 06:14 pm

The logo of German carmaker Volkswagen is seen at a VW dealership in Hamburg, October 28, 2013. Volkswagen is due to present company...

China could develop and own nuclear plant in Britain - Chancellor 21 Sep 2015 - 05:26 pm

A tractor mows a field on the site where EDF Energy's Hinkley Point C nuclear power station will be constructed in Bridgwater, southwest...

CEO search delay underscores problems at Twitter 21 Sep 2015 - 01:19 am

San Francisco: In the fast-moving world of Silicon Valley, Twitter’s search for a new chief executive is moving at a snail’s pace, raising...

UK’s Osborne upbeat on slowing China economy 21 Sep 2015 - 01:15 am

Britain’s Chancellor of the Exchequer George Osborne (centre) speaks during a dialogue of “Driving the Economy through Technology”, in Beijing, yesterday. BEIJING: British...

Back on track? Nigeria’s oil refineries resume production 21 Sep 2015 - 01:14 am

Workers rehabilitate the new Port Harcourt refinery built in 1989 at the same site where the first refinery in Nigeria was built in...

Volkswagen could face $18bn penalties 20 Sep 2015 - 09:48 am

A Volkswagen Passat is offered for sale at a dealership in Chicago, Illinois. WASHINGTON/DETROIT: Volkswagen AG faces penalties up to $18bn after being...

France to push on with reforms after Moody’s downgrade 20 Sep 2015 - 09:41 am

French Economy Minister Emmanuel Macron addressing a meet in Paris on Friday. Paris: France’s finance minister reaffirmed the country’s commitment to economic reforms...