Business

VW chief tells shareholders sorry for emissions scandal 22 Jun 2016 - 04:29 pm

VW CEO Matthias Mueller addresses shareholders during German carmaker Volkswagen shareholders' annual general meeting on June 22, 2016 in Hanover. (AFP / JOHN...

Oil producers keep output freeze revival on standby if prices weaken 22 Jun 2016 - 02:20 pm

A worker checks a valve of an oil pipe at the Lukoil company owned Imilorskoye oil field outside the West Siberian city of...

Mobile money to power Africa financial growth: study 22 Jun 2016 - 12:48 pm

REUTERS/ File photo Paris: Mobile phones and rising connectivity in Africa will give rise to a new market in mobile financial services, creating...

Turkish central bank says drop in tourism revenue may hit external balances 22 Jun 2016 - 11:16 am

ISTANBUL: The Turkish central bank said on Wednesday that a decline in tourism revenue may hit external balances in the second half of...

Oil edges up on weaker dollar as Britain EU vote looms 22 Jun 2016 - 09:45 am

US Federal Reserve Board Chairwoman Janet Yellen testifies before the Senate Banking, Housing and Urban Affairs Committee June 21, 2016 in Washington, DC....

Gulf may move sideways; Egypt technically bearish 22 Jun 2016 - 08:47 am

File photo used for representation. Reuters DUBAI: Gulf stock markets may move sideways on Wednesday after oil climbed back over $50 a barrel ...

Phantom Zenith Collection makes debut 22 Jun 2016 - 12:49 am

Officials with the Phantom Zenith Collection. Doha: Rolls-Royce Motor Cars Doha celebrated the arrival of the Phantom Zenith Collection, which represents some of...

Sharing the load: New Ford Trucks series to hit Qatar 22 Jun 2016 - 12:43 am

DOHA: The new Ford Trucks series that stand out with power, efficiency and technology features, and equipped with new E3 engine will soon...

Qatar fund set to buy French fashion brand Balmain 22 Jun 2016 - 12:00 am

Models present creations by French designer Olivier Rousteing for fashion house Balmain. (REUTERS/BENOIT TESSIER/File photo) By Astrid Wendlandt PARIS: Valentino owners, the Qatari...

New York hedge fund manager found dead after arrest 22 Jun 2016 - 12:00 am

Sanjay Valvani departs Federal Court after a hearing following his arrest in New York, U.S., June 15, 2016. Valvani, a hedge fund manager...

Ryanair warns of two to three-year downturn if Britain leaves the EU 22 Jun 2016 - 12:00 am

Speaking at an aviation conference in Paris, the head of the Irish budget carrier—Europe’s largest airline by passenger numbers—said that economic and political...

Iran Air signs agreement to buy Boeing 737, 777 aeroplanes 21 Jun 2016 - 03:54 pm

(Morteza Nikoubazl / Reuters / file photo) By Golnar Motevalli and Deena Kamel Yousef Iran Air, the Islamic Republic’s state carrier, has signed...

With two days to go, Britain’s EU referendum vote still on knife edge 21 Jun 2016 - 11:51 am

Leader of the United Kingdom Independence Party (UKIP), Nigel Farage, speaks at a public meeting of the EU Referendum campaign in Gateshead, north...

Wal-Mart rips up China online strategy, starts again with stake in Alibaba rival 21 Jun 2016 - 10:20 am

This file photo taken on January 3, 2012 shows Chinese shoppers as they leave a Walmart store in Beijing. Wal-Mart will transfer its...

Germany’s economy minister to visit Putin in Moscow - newspaper 21 Jun 2016 - 09:54 am

File photo of Sigmar Gabriel. REUTERS BERLIN: German Economy Minister Sigmar Gabriel plans to visit Russian President Vladimir Putin early next week to...

Rent rises, online competition squeeze London's diamond district 21 Jun 2016 - 09:00 am

A goldsmith resizes a diamond engagement ring at Hatton Garden jeweller Arlington & Co in London, Britain June 9, 2016. REUTERS/Dylan Martinez By...

Surging pound stumbles as Brexit vote draws closer 21 Jun 2016 - 08:10 am

People walk through the lobby of the London Stock Exchange in London, Britain August 25, 2015. REUTERS/SUZANNE PLUNKETT Tokyo: The pound slipped on...