Business

Hanoi’s iconic firm 20 Dec 2014 - 01:38 pm

Workers at the production facility at Rang Dong light source and vacuum flask company in Hanoi, Vietnam, yesterday. One of 13 factories established...

European nations in talks with Airbus on air tankers 20 Dec 2014 - 01:36 pm

BRUSSELS: The Netherlands, Poland and Norway are to negotiate with Airbus to buy four military in-flight refuelling planes, European defence officials said yesterday....

Google aiming to go into car with next Android 20 Dec 2014 - 01:36 pm

SANFRANCISCO/DETROIT: Google Inc is laying the groundwork for a version of Android that would be built directly into cars, sources said, allowing drivers...

T-Mobile to pay $90m to settle ‘cramming’ case 20 Dec 2014 - 01:36 pm

washington: T-Mobile USA agreed to pay $90m to resolve federal and state claims that it charged consumers for extra services without authorisation, a...

Nigerian oil strike suspended 20 Dec 2014 - 01:35 pm

lagos: Nigeria’s oil unions suspended their four-day national strike after reaching an agreement with the government, which included a push to pass an...

China’s Fosun ups offer for Club Med 20 Dec 2014 - 01:35 pm

PARIS: Chinese conglomerate Fosun raised its offer to buy French holiday group Club Med yesterday, as it strives to win the longest bidding...

Amazon staff extend strike to Christmas Eve 20 Dec 2014 - 01:34 pm

FRANKFURT: Amazon staff at three German warehouses will extend their strike until Christmas Eve to increase pressure on the online retailer in a...

EU-US trade discussion 19 Dec 2014 - 12:28 am

Britain’s Prime Minister David Cameron (left) and Denmark’s Prime Minister Helle Thorning-Schmidt attend a EU-US trade deal discussion in Brussels yesterday. The Transatlantic...

Oil resumes slide after brief rebound on short-covering 19 Dec 2014 - 12:27 am

NEW YORK: Global crude prices fell again yesterday, a day after a short-covering rally, as traders placed new bets that the market would...

Swiss central bank unveils negative interest rate 19 Dec 2014 - 12:23 am

Thomas Jordan, chairman of the Swiss National Bank (SNB), addresses a news conference in Zurich yesterday. GENEVA: Switzerland’s central bank said yesterday it...

Economy will be cured, says Putin 19 Dec 2014 - 12:19 am

MOSCOW: President Vladimir Putin (pictured) assured Russians yesterday that the economy would rebound after the rouble’s dramatic slide this year but offered no...

US-China trade meet 19 Dec 2014 - 12:17 am

US Commerce Secretary Penny Pritzker (centre) speaks at the US-China Joint Commission on Commerce and Trade event in Chicago yesterday.

Tower rents to face pressure on new supply 19 Dec 2014 - 12:10 am

DOHA: Qatar’s office and residential rental markets remained strong during the third quarter of 2014 (Q3, 14). Offices recorded high rates across locations,...

Impossible for Saudi to reduce oil output: Minister 19 Dec 2014 - 12:09 am

RIYADH: Leading Opec producer Saudi Arabia said yesterday that competitive pressures prevent it from reducing output, and the kingdom can weather plunging oil...

Mercedes recalls 4,871 cars, SUVs in US for oil leak 19 Dec 2014 - 12:08 am

DETROIT: Mercedes-Benz is recalling 4,871 sedans and SUVs in the United States because of a potential oil leak, according to documents filed with...

Russian firms explore ways to ease foreign debt payment pain 19 Dec 2014 - 12:07 am

MOSCOW: Russian firms are scrambling to repay or restructure the terms of foreign currency loans as the rouble’s loss of value and an...

GM, JLR suspend car deliveries to Russia 19 Dec 2014 - 12:07 am

HAMBURG/PARIS: Carmakers including General Motors and Jaguar Land Rover have stopped delivering to Russian dealerships in response to the sharp slide in the...

Kellogg outbids Abraaj for third time in race for Egypt’s Bisco 19 Dec 2014 - 12:07 am

CAIRO: Breakfast cereal maker Kellogg Co has again raised its bid for Egyptian snack maker Bisco Misr, outbidding private equity group Abraaj for...