Business

Bing offers to ‘forget’ links in Europe searches 20 Jul 2014 - 01:26 am

SAN FRANCISCO: Microsoft followed in Google’s footsteps by letting people in Europe ask to have links related to them ‘forgotten’ on its search...

European markets mixed as global tension swells 19 Jul 2014 - 07:23 am

Traders work on the floor of the New York Stock Exchange yesterday. NEW YORK/london: European stock markets closed with mixed results yesterday, as...

Danone enters East Africa market 19 Jul 2014 - 07:22 am

A boy looks at Brookside dairy milk products displayed on a shelf inside the Nakumatt Lifestyle supermarket in Kenya’s capital Nairobi yesterday. French...

Shell pulls out of Block-D after dry well 19 Jul 2014 - 07:21 am

DOHA/MILAN/LONDON: Royal Dutch Shell has abandoned plans to explore for gas in Qatar’s Block D after recent drilling failed to turn up commercial...

Oman plans Bulgarian bank rescue 19 Jul 2014 - 07:19 am

SOFIA: Bulgarian finance ministry officials held talks yesterday with Oman’s sovereign wealth fund on the chances of recapitalising the fourth-largest Bulgarian bank, CCB,...

GE profits up; eyes July retail finance IPO 19 Jul 2014 - 07:19 am

NEW YORK: General Electric yesterday reported higher second-quarter earnings following gains in most industrial segments as it targets late July for a stock...

Volvo Trucks reports profit surge as layoffs continue 19 Jul 2014 - 07:19 am

STOCKHOLM: Swedish heavy truck and construction equipment maker Volvo Trucks reported strongly growing profits in the second quarter as the company continued to...

Australia wants G20 reforms to boost global growth 19 Jul 2014 - 07:18 am

SYDNEY: Business leaders in Australia yesterday called on G20 leading economies to implement recommendations on structural reforms and free trade that could boost...

AbbVie buys drugmaker Shire for $54bn 19 Jul 2014 - 07:18 am

LONDON: Shire Pharmaceuticals has accepted a £32bn ($54bn, ¤40bn) takeover bid from AbbVie, the two companies announced yesterday, in a deal aimed at...

Cyprus takes control of ‘money laundering’ bank 19 Jul 2014 - 07:18 am

NICOSIA: The Cyprus Central Bank said yesterday it had taken control of the local operation of FBME bank after Washington accused it of...

Ailing Russian loan market hit by fresh US sanctions 19 Jul 2014 - 07:17 am

LONDON: New US sanctions imposed on Russia for its actions in Ukraine will make it more difficult for Russian companies to refinance existing...

Croatia launches oil and gas exploration tender 19 Jul 2014 - 07:17 am

ZAGREB: Croatia yesterdaylaunched an international tender for oil and gas exploration in the east of the country that would hopefully bring investments to...

Coal India union to oppose stake sale 19 Jul 2014 - 07:17 am

New Delhi: Unions representing workers at Coal India Ltd, the world’s largest coal miner, will oppose any move to sell a stake in...

Forbes sold to Asian investors 19 Jul 2014 - 07:16 am

NEW YORK: The publisher of the US business magazine Forbes said yesterday a controlling stake in the group had been sold to a...

Microsoft to cut 18,000 jobs as it chops Nokia 18 Jul 2014 - 01:25 am

A Nokia mobile phone lies on a tablet computer showing logos of Microsoft. SEATTLE: Microsoft Corp will slash up to 18,000 jobs, or...

Wizz Air on expansion spree 18 Jul 2014 - 01:24 am

Passengers talk to a Wizz Air desk clerk at Budapest Airport. Wizz Air’s maiden flight to London took off from Katowice in May...

Muntajat signs two-year contract with Milaha 18 Jul 2014 - 01:22 am

Doha: Qatar Chemical and Petrochemical Marketing and Distribution Company (Muntajat) QJ.S.C. signed a two-year contract with Qatar Navigation Q.S.C. (Milaha) for the time...

BoA offers $13bn in mortgage settlement 18 Jul 2014 - 01:21 am

NEW YORK: Bank of America (BoA) put $13bn on the table in negotiations with US authorities over a mortgage-linked securities settlement, although negotiations...