Business

Japan unimpressed with May's Brexit but too polite to say 31 Aug 2017 - 01:37 am

Theresa May got a taste of Japanese restraint and formality during a tea ceremony with Prime Minister Shinzo Abe. What might be lost...

Ryanair not to bid for Air Berlin assets 31 Aug 2017 - 01:36 am

Berlin: Ryanair will not bid for any assets of insolvent German airline Air Berlin, its Chief Executive Michael O’Leary (pictured) said yesterday, describing...

French labour reforms test Macron's change credentials 31 Aug 2017 - 01:36 am

Paris: Flavien Kulawik, head of a French business consultancy, will be listening closely Thursday when President Emmanuel Macron's government unveils its eagerly anticipated...

Smaller UK manufacturers feeling Brexit strains: Survey 31 Aug 2017 - 01:25 am

London: The process of Britain’s departure from the European Union has already hurt around 40 percent of small and medium-sized British manufacturers, an...

Businessman David Tang dies at 63 31 Aug 2017 - 01:25 am

Hong Kong: Hong Kong businessman and socialite David Tang, known as the founder of international fashion brand Shanghai Tang, has died at the...

Mexico sees risk in talks as US hints at abandoning NAFTA 31 Aug 2017 - 01:25 am

Mexico City: Mexico sees a serious risk the United States will withdraw from NAFTA and is planning for that eventuality, Economy Minister Ildefonso...

Harvey shuts 24% of refining capacity in US; Brent down 31 Aug 2017 - 12:51 am

New York: Petrol futures surged yesterday to another two-year high and crude oil was down, as flooding and damage from Tropical Storm Harvey...

QSE’s benchmark index drops 58.34 points 31 Aug 2017 - 12:51 am

Qatar Stock Exchange’s (QSE) benchmark index dropped 58.34 points, or 0.66 percent, when the bourse closed trading at 8,800.56 points yesterday. The volume...

US second quarter GDP revised up 31 Aug 2017 - 12:51 am

Washington: The US economy grew faster than initially thought in the second quarter (Q2), notching its quickest pace in more than two years,...

Southwest takes delivery of first Boeing 737 Max 31 Aug 2017 - 12:51 am

Dallas: Southwest Airlines Co. quietly took delivery of its first Boeing Co. 737 Max jetliner, cancelling an employee celebration in Dallas to mark...

WTO gives Brazil 90 days to withdraw industrial subsidies 31 Aug 2017 - 12:42 am

Brasilia: The World Trade Organisation (WTO) yesterday announced that it was giving Brazil 90 days to withdraw a wide range of industrial stimulus...

Strong German, Spanish inflation firms up case of ECB hawks 31 Aug 2017 - 12:42 am

BERLIN/MADRID: German and Spanish consumer prices rose more than expected in August, data showed on Wednesday, suggesting that solid growth in both economies...

2 Abu Dhabi property firms plan merger 31 Aug 2017 - 12:42 am

Dubai: Two major Abu Dhabi real estate developers, Eshraq Properties and Reem Investments, said yesterday they aimed to merge as an economic slowdown...

Workers strike at VW plant in Portugal 31 Aug 2017 - 12:42 am

Production at a Volkswagen factory in Portugal was paralysed Wednesday as workers went on strike over plans to introduce a mandatory Saturday shift...

Lebanon embarks on long-delayed reforms but debt problems mount 31 Aug 2017 - 12:23 am

BEIRUT: Lebanon has begun reforms to repair its fragile economy after years of paralysis in decision-making but is under pressure to do more...

Kurdistan pays $1 bln to Dana Gas, partners to settle $2.2 bln London case 30 Aug 2017 - 07:33 pm

LONDON: Iraq’s Kurdistan region will immediately pay $1 billion to UAE-based Dana Gas and its partners to settle a long-running London court case,...

Qatar resisting sanctions effectively: IMF official 30 Aug 2017 - 06:00 pm

Qatar's government has acted effectively in protecting the economy against sanctions imposed by other Arab countries, an International Monetary Fund official said on...