Business

Uber rings in New Year with two million rides 04 Jan 2015 - 12:18 am

SAN FRANCISCO: Car-sharing startup Uber bragged it rang in the New Year with two million rides, many of them apparently to revellers heading...

Car sales slump in France, but rise in Spain and Italy 04 Jan 2015 - 12:18 am

PARIS/MADRID: France’s floundering economy pushed car sales 6.8 percent lower year-on-year in December, while Spanish sales jumped by 21.4 percent, helped by a...

RBS shares hit by report of higher mortgage bond claims in US 04 Jan 2015 - 12:18 am

LONDON: Royal Bank of Scotland could have to pay higher than expected settlements to cover the cost of involvement in the mis-selling of...

Italy state sector budget surplus shrinks in December 04 Jan 2015 - 12:17 am

ROME: Italy posted a state sector budget surplus of €5.1bn in December, sharply lower than the €15.58bn posted in December 2013, weighed down...

Congo threatens to attack Rwandan Hutu rebels 03 Jan 2015 - 11:41 pm

KINSHASA: Democratic Republic of Congo’s government said it was ready to launch military operations against Rwandan Hutu rebels in its east after most...

Power struggle rips open Germany’s eurosceptic party 03 Jan 2015 - 11:40 pm

BERLIN: A power struggle over the direction of upstart eurosceptic party Alternative for Germany (AfD) burst into the open yesterday when a group...

EU to set up expert cell to fight jihadist propaganda 03 Jan 2015 - 11:40 pm

BRUSSELS: The European Union plans to set up a cell of advisers in Belgium that member governments can tap to fight jihadist propaganda,...

Germany believes euro zone could cope with Greece exit 03 Jan 2015 - 10:39 pm

An illuminated euro sign is seen in front of the headquarters of the European Central Bank (ECB) in Frankfurt BERLIN - The German...

Brazil minister recants minimum-wage plan aimed at cutting budget 03 Jan 2015 - 10:34 pm

Brazil's incoming Planning Minister Nelson Barbosa speaks during a news conference announcing the Brazilian government's new economic team, at the Planalto Palace in...

Iraq oil exports soar but low prices hit revenue 03 Jan 2015 - 04:24 pm

BAGHDAD---Iraq's oil exports reached their highest level in decades in December, the oil ministry's spokesman said on Saturday, but vital revenues were being...

Lawsuit accuses Apple of storage sleight of hand 03 Jan 2015 - 10:45 am

SAN FRANCISCO--Apple on Friday faced a lawsuit accusing it of promising more available storage space than it actually delivers in iPhones, iPads, and...

Rail fares rise in England 03 Jan 2015 - 01:45 am

Passengers purchase tickets at King’s Cross station in London yesterday. Rail fares rose yesterday by an average of 2.2 percent in England and...

New Year bow 03 Jan 2015 - 01:42 am

Store employees bow to greet New Year’s shoppers as they rush into a department store to buy “lucky bags” containing items worth three...

India infrastructure growth up 03 Jan 2015 - 01:41 am

Labourers work during early morning at the construction site of a road in Mumbai yesterday. India’s annual infrastructure output growth accelerated to a...

Hyundai staff salute 03 Jan 2015 - 01:39 am

Hyundai Motor Group employees pledge allegiance to the Korean national flag during the company’s New Year ceremony in Seoul yesterday. Hyundai and affiliate...

US factory sector suffers end-of-year chill 03 Jan 2015 - 01:37 am

WASHINGTON: The US factory sector grew at its slowest pace in six months in December, a sign that weakness in the global economy...

GM to recall 92,000 more vehicles 03 Jan 2015 - 01:37 am

WASHINGTON: General Motors announced a recall of more than 92,000 additional vehicles over ignition switch problems blamed for 42 deaths. The largest US...

UK recovery lopsided as manufacturing slips 03 Jan 2015 - 01:36 am

LONDON: Hopes that Britain’s economic recovery will become less reliant on big-spending consumers ebbed further yesterday as data showed manufacturing growth weakened at...