Business

Germany orders Facebook to allow pseudonyms 29 Jul 2015 - 12:13 am

BRUSSELS: Facebook may not prevent its users from using fake names, a German privacy watchdog said, in the latest privacy setback for the...

Etisalat profit falls 40pc 29 Jul 2015 - 12:13 am

DUBAI: Abu Dhabi-listed telecoms firm Etisalat missed analyst estimates by reporting a 40 percent fall in second-quarter net profit yesterday that it blamed...

Qatar Airways in talks with India's IndiGo, not SpiceJet 28 Jul 2015 - 09:11 pm

DUBAI/NEW DELHI: Qatar Airways said on Tuesday it was in talks with IndiGo about taking a stake in India's biggest airline that would...

UAE hikes petrol prices 24%, cuts diesel 29% 28 Jul 2015 - 08:31 pm

Abu Dhabi: The United Arab Emirates will hike the retail price of petrol by 24 percent but prices will still be low by...

GM to invest $5 bn on new Chevrolet for emerging markets 28 Jul 2015 - 07:15 pm

In this file photo GM employee Peggy Burnside inspects a 2012 Chevrolet Sonic as it rolls off the assembly line at the GM...

Djibouti seventh destination to join Qatar Airways Cargo’s African network 28 Jul 2015 - 06:24 pm

DOHA: Qatar Airways Cargo will launch a new freighter service to Djibouti on August 1, becoming the carrier’s seventh dedicated African freighter destination,...

Volkswagen now world's biggest automaker 28 Jul 2015 - 05:24 pm

File photo of Volkswagen's plant at Baunatal next to the city of Kassel, Germany. Toyota has fallen behind Volkswagen in the race for...

German advisers say euro zone exit should not be taboo 28 Jul 2015 - 05:01 pm

The European Union flag is seen in front of the parliament building during a Pro-Euro rally in Athens, Greece, July 9, 2015. BERLIN:...

Beijing police shut down massive iPhone counterfeiting operation 28 Jul 2015 - 02:34 pm

YouTube user GadgetsToUse compares a fake iPhone 6 (left) to the real deal. Photo: YouTube BEIJING: Police in Beijing have busted a factory...

China shares fall again as Beijing scrambles to calm markets 28 Jul 2015 - 02:14 pm

An investor stands in front of an electronic board showing stock information at a brokerage house in Fuyang, Anhui province, China, July 28,...

Qatar’s fiscal surplus projected to slip 28 Jul 2015 - 01:52 am

By Satish Kanady DOHA: Qatar’s elevated government spending and declining revenues are expected to narrow the country’s fiscal surplus from 10.8 percent of...

Milaha H1 net profit increases by 26pc 28 Jul 2015 - 01:51 am

DOHA: Qatar Navigation (Milaha) delivered a net profit of QR651m for the first half of 2015 (H1, 15), an increase of 26 percent...

China stocks crash stings world equities, oil at 4-month low 28 Jul 2015 - 01:50 am

A dancer for the Hong Kong Economic and Trade Office, which rang the Opening Bell, is viewed on the floor of the New...

Greece former FM confirms covert plan to hack tax codes 28 Jul 2015 - 01:50 am

ATHENS: Former Greece finance minister Yanis Varoufakis confirmed yesterday he had made secret preparations to hack into citizens’ tax codes to create a...

Kazakhstan joins WTO 28 Jul 2015 - 01:45 am

Kazakh President Nursultan Nazarbayev (left) exchanges documents with World Trade Organisation (WTO) Director-General Roberto Azevedo during the signing ceremony of the accession of...

Chinese industrial profits dip 28 Jul 2015 - 01:22 am

An employee conducts tests at an antenna near field, at a factory of FiberHome Technologies Group, in Wuhan, Hubei province, China, yesterday. Chinese...

IMF paints dim picture for Europe 28 Jul 2015 - 01:22 am

BRUSSELS/FRANKFURT: The International Monetary Fund warned yesterday that the eurozone’s prospects were modest and that more money printing than planned may be needed....

Indian gold maker buys Swiss refiner Valcambi 28 Jul 2015 - 01:21 am

Mumbai: India’s largest maker and exporter of gold, Rajesh Exports, announced yesterday it had bought Swiss metal refining giant Valcambi for $400m in...