Business / World Business

Rolex gets more expensive in UK and US with latest price hikes 03 Jan 2023 - 04:40 pm

Washington: Rolex SA raised prices in the US and UK by an average of about 2.5%, the latest increases for the top Swiss...

Shopify tells employees to just say no to meetings 03 Jan 2023 - 04:08 pm

Shopify Inc. spent last year cutting costs. Now, it’s cutting meetings. As employees return from holiday break, theCanadian e-commerce firm saidit’s conducting a...

Top five tips for securing promotion during recession 03 Jan 2023 - 09:19 am

London:New year, new promotion? Many of you might have pledged in your New Year’s resolutions to boost your career. But it has been...

Brazil stocks fall on Lula's first day, led by Petrobras 02 Jan 2023 - 09:58 pm

Sao Paulo: Brazilian stocks slumped more than three percent on President Luiz Inacio Lula da Silva's first business day in office Monday, led...

Tesla delivers record 405,278 cars in quarter but misses target 02 Jan 2023 - 09:18 pm

California: Tesla Inc. delivered 405,278 cars worldwide in the fourth quarter, eking out a record despite rising interest rates, inflation and crimped production...

Hitting record, electric cars sales in Norway near 80% in 2022 02 Jan 2023 - 07:14 pm

OSLO: Almost four out of five new cars sold in Norway last year were battery-powered, with Tesla the top-selling brand for the second...

Turkish exports rise in 2022 to 12.9%, says Erdogan 02 Jan 2023 - 06:06 pm

Istanbul: Turkish President Recep Tayyip Erdogan said that the value of his country's exports during 2022 stood at more than USD 254 billion....

South Korea to invest 6.7 trillion Won in science R&D in 2023 02 Jan 2023 - 08:23 am

Seoul:South Korea will invest 6.7 trillion won about (US$5.3bn) in science research in 2023 as the country seeks to secure key future technologies...

Ecuador takes over two Amazon oil blocks 01 Jan 2023 - 10:44 pm

Quito: Ecuador has taken over the operation of two oil blocks in the Amazon rainforest that since 1999 had been operated by Spain's...

Global economy faces tougher year in 2023, IMF's Georgieva warns 01 Jan 2023 - 08:30 pm

New York: For much of the global economy, 2023 is going to be a tough year as the main engines of global growth...

Tunisia Central Bank raises key rate by 75 bps to curb inflation 01 Jan 2023 - 09:09 am

TUNIS: Tunisia’s central bank on Friday raised its key interest rate by 75 basis points to 8 percent from 7.25 percent to combat...

Spain's biggest retailer Mercadona to raise wages in line with inflation 30 Dec 2022 - 04:08 pm

MADRID: Privately-owned supermarket chain Mercadona on Friday approved wage increases for its entire workforce in Spain and Portugal, saying they would be in...

Sanctions-hit Huawei says back to 'business as usual' 30 Dec 2022 - 12:42 pm

Beijing: Chinese tech giant Huawei said on Friday it had returned to "business as usual" despite US sanctions as it estimated annual revenues...

Global CEOs, investors have diverging views on economic outlook: Survey 30 Dec 2022 - 10:21 am

Doha: Teneo’s survey of global CEOs and institutional investors, representing more than $3 trillion of company and portfolio value, finds diverging views on...

Goldman CEO says job cuts are coming next month 29 Dec 2022 - 06:34 pm

Goldman Sachs Group Inc. is working on a fresh round of job cuts that will be unveiled in a matter of weeks, Chief...

Japan inks LNG deals with US, Oman in bid to secure fuel supply 27 Dec 2022 - 11:50 pm

Japan agreed to purchase more liquefied natural gas from the US and Oman in the latest move to secure fuel supplies and avoid...

UK retailers see 40% jump in Boxing Day shoppers 27 Dec 2022 - 06:12 pm

LONDON: UK retail destinations enjoyed an almost 40% rise in shopper numbers on Monday after the first Christmas in three years with without...

China-addicted luxury stocks cheer Beijing's looser COVID curbs 27 Dec 2022 - 05:18 pm

PARIS: Shares in global luxury goods groups, which rely heavily on Chinese shoppers, rose on Tuesday after Beijing further relaxed some COVID restrictions...