Business

Shell to axe 6,500 jobs and cut spending to cope with lower oil prices 30 Jul 2015 - 02:00 pm

Shell's company logo is pictured at a gas station in Zurich April 8, 2015. LONDON: Royal Dutch Shell is to axe 6,500 jobs...

Shell to axe 6,500 jobs, cut spending to cope with lower oil prices 30 Jul 2015 - 11:21 am

LONDON: Royal Dutch Shell is to axe 6,500 jobs this year and step up spending cuts to deal with an extended period of...

GM to invest $1bn in India to boost exports 30 Jul 2015 - 10:29 am

General Motors Chief Executive Officer Mary Barra (left) speaks during a meeting with Indian Prime Minister Narendra Modi in New Delhi yesterday. NEW...

QIIB launches four major IT and business projects with GBM 30 Jul 2015 - 10:26 am

Quan Croxford (left), Head of IT at QIIB, with Issam Nasser, Sales Manager, GBM Qatar. Doha: Qatar International Islamic Bank (QIIB) has successfully...

Trade union protest in Brazil 30 Jul 2015 - 10:23 am

Trade union members demonstrate in front of the headquarters of Brazil’s Central Bank at the financial centre on Paulista Avenue in Sao Paulo,...

Panasonic’s quarter net profit soars 57pc 30 Jul 2015 - 10:20 am

A Panasonic logo is seen inside an electronics store in Yokohama, south of Tokyo, yesterday. Tokyo: Japanese electronics giant Panasonic said that its...

Ooredoo reports QR16bn H1 revenue 30 Jul 2015 - 03:13 am

Chairman Sheikh Abdulla bin Mohammed bin Saud Al Thani (left) and Group Chief Executive Officer Dr Nasser Marafih. DOHA: Telecom giant Ooredoo recorded...

Qatar Airways Cargo launches customised courier service 29 Jul 2015 - 07:21 pm

DOHA: Qatar Airways Cargo will launch an express airfreight service for door-to-door and time-critical shipments. The new ‘QR On-Board Courier’ service will be...

Microsoft launches Windows 10 in South Korea 29 Jul 2015 - 10:31 am

South Korean promotional models present Windows 10, the latest operating system from US software giant Microsoft, during a launch event in Seoul on...

GCC issues $48.13bn sukuks, bonds 29 Jul 2015 - 12:26 am

By Satish Kanady DOHA: The aggregate primary issuance of bonds and sukuk by GCC entities, including cCentral Banks, totalled $48.13bn in the first...

Volkswagen overtakes Toyota in sales 29 Jul 2015 - 12:26 am

Tokyo: Toyota has fallen behind Volkswagen in the race for the world’s biggest automaker title, figures showed yesterday, as the German giant outsold...

QCB real estate price index hits record high 29 Jul 2015 - 12:23 am

DOHA: After softening a bit in April 2015, Qatar’s real estate price value rebounded 23.5 percent in June 2015, from a year ago...

China shares fall again as Beijing scrambles to calm markets 29 Jul 2015 - 12:23 am

Investors react as they look at computer screens showing stock information at a brokerage house in Fuyang, Anhui province, China, yesterday. SHANGHAI: Chinese...

Nissan’s Kyushu plant celebrates 40 years 29 Jul 2015 - 12:21 am

Nissan’s Kyushu plant. Doha: Nissan Motor Co Ltd celebrated the 40th anniversary of its Kyushu production base and the 15 millionth vehicle produced...

GM to invest $5bn on new Chevrolet 29 Jul 2015 - 12:21 am

New York: General Motors said yesterday it would invest $5bn to introduce a new family of smaller cars under the Chevrolet line targeting...

Gold demand weakest since 2009 in Q2 29 Jul 2015 - 12:17 am

MANILA/LONDON: Demand for gold slid to its lowest in six years in the second quarter of this year as buyers from top consumer...

Discussing Etihad Airways plans 29 Jul 2015 - 12:17 am

President and CEO James Hogan (right) of Etihad Airways discusses the future of airline competition at the Global Business Travel Association convention in...

Facebook’s ascent has investors betting on more gains 29 Jul 2015 - 12:14 am

NEW YORK: The big selloffs in shares of social media companies last quarter following weak results seem to be brushed under the carpet...