Business

Tesla recalls 90,000 Model S sedans 21 Nov 2015 - 12:51 am

A Tesla car Model S on display at a dealership in Berlin. NEW YORK: Tesla Motors Inc is recalling all 90,000 Model S...

Analysis: Snapchat's lackluster ad business threatens $16 bln valuation 21 Nov 2015 - 12:00 am

A billboard displays the logo of Snapchat above Times Square in New York March 12, 2015. Reuters/Lucas Jackson By Heather Somerville SAN FRANCISCO:...

Oil edges lower to near three-month lows on surplus supply 20 Nov 2015 - 12:30 pm

By Meeyoung Cho SEOUL: Oil futures gave up early gains to trade near three-month lows on Friday on a persistent supply glut that...

Party's over? After China SUV boom, carmakers face falling prices, sales 20 Nov 2015 - 02:00 am

By Jake Spring GUANGZHOU, China: Carmakers coming late to China's craze for sport-utility vehicles (SUVs) this year may find it tougher to make...

Ministry holds sessions on new company law 20 Nov 2015 - 01:52 am

Participants at the informative session on the new commercial companies’ law organised by the Ministry of Economy and Commerce. DOHA: As part of...

Global demand for petrochemicals to grow 4pc 20 Nov 2015 - 12:53 am

Abdullatif Ahmad Al Othman, Governor and Chairman of the Board of Directors, Saudi Arabian General Investment Authority, addresses the event. DOHA: The GCC...

Oil price slump should not stop investment: Saudi 20 Nov 2015 - 12:52 am

Saudi Oil Minister Ali Al Naimi (centre) attends the opening day of Energy Forum in Manama yesterday. Manama: Saudi Oil Minister Ali Al...

BoJ keeps policy unchanged amid recession 20 Nov 2015 - 12:52 am

Bank of Japan Governor Haruhiko Kuroda points at a journalist for a question during a news conference following a two-day monetary policy meeting...

German giant ThyssenKrupp posts strong profits 20 Nov 2015 - 12:49 am

FROM LEFT: ThyssenKrupp Chief Executive Heinrich Hiesinger, Board Members Guido Kerkhoff, Oliver Burkhard and Donatus Kaufmann, attend a press conference in Essen, western...

Australia approves Shell's takeover of BG Group 19 Nov 2015 - 11:21 am

London: Royal Dutch Shell's planned mega-takeover of British rival BG Group cleared another hurdle Thursday as Australia's competition commission said it would not...

Malaysian companies to sign USD30 billion projects during India PM's visit 19 Nov 2015 - 09:50 am

Kuala Lumpur: Indian prime minister Narendra Modi is expected to discuss several outstanding issues with his Malaysian counterpart Najib Razak on Monday. Both...

Egypt's trade deficit down 26% in August 19 Nov 2015 - 09:49 am

Cairo: Egypt's trade deficit fell 26 percent to LE27.9 billion in August of 2015 down from LE37.5 billion in the same month last...

Apple sales pass $1Billion mark in India 19 Nov 2015 - 09:47 am

Mumbai: Apple crossed US $1-Billion sales mark in its Indian operations for the first time in the year ended March, according to results...

Dollars, debt: High economic stakes in Argentina vote 19 Nov 2015 - 09:24 am

Buenos Aires: International exporters and investors will closely watch a run-off election in Argentina on Sunday that could lead to an easing of...

Oil prices up on France IS strikes, stockpiles data 19 Nov 2015 - 09:18 am

Singapore: Oil prices rose in Asian trade Thursday as Europe struck back against the Islamic State (IS) group after the Paris attacks and...

IMF chief lauds Qatar’s investments in education 19 Nov 2015 - 12:24 am

Lagarde addressing students at the Georgetown University in Qatar. DOHA: The Managing Director of the International Monetary Fund (IMF), Christine Lagarde, lauded Qatar’s...

Ooredoo, Huawei extend deal 19 Nov 2015 - 12:23 am

Officials at the event. DOHA: Ooredoo yesterday announced a five-year extension of their strategic cooperation agreement with Huawei, which will see the two...