Business

US Senators okay budget 24 Mar 2013 - 01:12 am

WASHINGTON: The US Senate approved its first budget resolution in four years yesterday after a marathon all-night voting session, setting up a political...

Manweir expands with Ras Laffan facility 24 Mar 2013 - 01:11 am

Top officials of Manweir LLC after the inauguration of the new engineering and service facility at Ras Laffan Industrial City. DOHA: With the...

QNB Group: China rebounds despite slowdown concerns 24 Mar 2013 - 01:10 am

Doha: As China’s new administration takes the reins and plans for the future, QNB Group considers that the economy is on a firm...

India refuses to extend Bharti, Vodafone licences 24 Mar 2013 - 01:10 am

NEW DELHI: India’s government has told the Indian unit of British mobile phone giant Vodafone that its licences for three big cities cannot...

Linking France and Italy 24 Mar 2013 - 01:03 am

The construction site of the high-speed rail link between Italy and France through the Susa Valley is seen in Chiomonte during a visit...

Cyprus makes dramatic U-turn 24 Mar 2013 - 01:02 am

Thousands of bank employees protest outside the Finance Ministry in Nicosia yesterday. NICOSIA: Cyprus said yesterday it would tax big savers at its...

Small nations still believe in euro, despite Cyprus crisis 24 Mar 2013 - 01:02 am

SAARISELKAEAE, Finland: Despite the mounting debt crisis in bankruptcy-threatened Cyprus, small EU and applicant countries yesterday said they still believed in greater European...

ENI stops Nigeria activities due to oil theft 24 Mar 2013 - 01:01 am

ROME: Italian energy major ENI said yesterday it had suspended its activities in Bayelsa state in southern Nigeria due to frequent thefts from...

Zain Saudi appoints new chairman 24 Mar 2013 - 01:01 am

RIYADH: Zain Saudi, Saudi Arabia’s struggling third-largest telecoms provider, has appointed Fahd bin Ibrahim Al Dughaither as its new chairman, it said yesterday,...

Toyota to lift domestic output over weak yen 24 Mar 2013 - 12:56 am

TOKYO: Toyota Motor plans to raise domestic production during the April-September period by about 10 percent from its earlier estimate thanks to the...

Cypriot minister leaves Russia empty-handed 23 Mar 2013 - 04:43 am

Cypriots shout slogans during a demonstration outside the parliament building in Nicosia, yesterday. MOSCOW: Cypriot Finance Minister Michalis Sarris left Moscow empty-handed yesterday...

Hard times for Europe’s gas storage force innovation 23 Mar 2013 - 04:41 am

LONDON: Poor demand for gas storage in west Europe is forcing operators to offer new financial sweeteners and flexible terms to lure customers...

Bosch pulls plug on solar panel business 23 Mar 2013 - 04:41 am

FRANKFURT: German car parts supplier Bosch said yesterday that it plans to discontinue its solar panel manufacturing business because overcapacity in the industry...

Oil near $108 as Cyprus bailout looms 23 Mar 2013 - 04:40 am

LONDON: Oil prices rose towards $108 a barrel but were headed for a second week of losses yesterday as the lack of a...

French luxury retailer PPR to become Kering 23 Mar 2013 - 04:40 am

PARIS: French high-end retailer PPR will change its name to Kering in June to reflect a fresh focus on sportswear and luxury goods,...

China, Russia hold gas talks 23 Mar 2013 - 04:39 am

MOSCOW/BEIJING: A hardball game on price may leave Russia empty-handed after 15 years of talks on a deal to supply China with gas,...

Apple, Microsoft defend Australia pricing policy 23 Mar 2013 - 04:39 am

SYDNEY: Technology giants Apple and Microsoft yesterday defended their pricing policy in Australia at an official inquiry launched over concerns that they were...

UK’s gas price hits record high 23 Mar 2013 - 04:38 am

LONDON: Britain’s wholesale gas prices surged to a record high yesterday after one of its main gas import pipelines shut down unexpectedly, exposing...