Business / World Business

El Salvador plans first 'Bitcoin City', backed by bitcoin bonds 21 Nov 2021 - 09:47 am

Mizata, El Salvador: El Salvador plans to build the world's first "Bitcoin City", funded initially by bitcoin-backed bonds, President Nayib Bukele said on...

Real Madrid assembly approve $255 million more for stadium renovation 20 Nov 2021 - 04:57 pm

MADRID: Spanish soccer club Real Madrid's general assembly approved on Saturday a new 225 million euro ($255 million) loan to complete the renovation...

China releasing some Oil from strategic reserves after U.S. invite 18 Nov 2021 - 09:12 am

China is releasing some oil from its strategic reserves days after the U.S. invited it to participate in a joint sale. "The bureau...

Etihad could scrap Airbus, Boeing aircraft orders, says CEO 17 Nov 2021 - 06:50 pm

DUBAI: Abu Dhabi's Etihad Airways could scrap billions of dollars of aircraft orders placed with Airbus and Boeing its chief executive said on...

Amazon to stop accepting Visa credit cards issued in the UK 17 Nov 2021 - 12:23 pm

Amazon.com Inc. will stop accepting payments made using Visa credit cards issued in the UKstarting next year. Some customers were told of the...

Walmart sets aside supply chain woes to lift sales, profit forecasts 16 Nov 2021 - 04:03 pm

Walmart Inc on Tuesday raised its annual sales and profit forecast in anticipation of soaring demand during the crucial holiday season even as...

Shell to drop the ‘Dutch’ from name, end dual share structure 15 Nov 2021 - 11:31 am

Royal Dutch Shell Plc plans to simplify its structure, establishing a single line of shares and moving its tax residence to the UKfrom...

Inflation caused by pandemic, not Biden policies, says White House adviser 14 Nov 2021 - 05:27 pm

WASHINGTON: White House economic adviser Brian Deese said rising prices are a global issue stemming from the coronavirus pandemic and is not a...

BMW and Audi may have McLaren in their sights 14 Nov 2021 - 04:07 pm

BMW AG denied a Automobilwoche report that it’s interested in buying British supercar-maker McLaren Automotive Ltd. BMW is eyeing the company’s supercar business,...

Is high inflation the new normal for the US? 14 Nov 2021 - 12:11 pm

Doha: The combination of robust demand growth with pandemic-related supply constraints for goods and services has led to a significant rise in consumer...

AstraZeneca starts to make modest profit from COVID-19 vaccine 12 Nov 2021 - 07:21 pm

AstraZeneca said it would begin to earn a modest profit from its coronavirus vaccine as the world learns to live with the virus...

Healthcare giant Johnson & Johnson to split into two companies 12 Nov 2021 - 03:35 pm

Healthcare conglomerate Johnson & Johnson said on Friday it is planning to break up into two companies, splitting off its consumer health division...

Roche executive says Alzheimer's drug price will be competitive 10 Nov 2021 - 02:36 pm

Roche Holding AG, still months away from seeking regulatory approval of its experimental Alzheimer's drug, is already taking aim at rival Biogen Inc's...

BioNTech’s success offers antidote to EU biopharma skittishness 09 Nov 2021 - 08:53 am

Covid-19 vaccine maker BioNTech SE’s success is having a ripple effect for younger companies, drawing interest from investors who might previously have been...

Tesla shares fall after Musk's Twitter poll backs stake sale 08 Nov 2021 - 11:13 am

Tesla Inc's Frankfurt-listed shares fell about 9% in early trading on Monday as investors prepared for Chief Executive Officer Elon Musk's proposed sale...

Musk asks Twitter followers whether he should sell 10% of Tesla stock 07 Nov 2021 - 11:43 am

Tesla Inc Chief Executive Elon Musk on Saturday asked his 62.5 million followers on Twitter in a poll if he should sell 10%...

Moderna finds that inventing a Covid vaccine was the easy part 06 Nov 2021 - 03:25 pm

Moderna Inc. has some of the highest-flying science in the biotech business. It brought its messenger RNA vaccine to the market in less...

Airbnb shares jump after record quarter on travel rebound 05 Nov 2021 - 09:43 pm

Airbnb Inc. shares surged Friday after the company reported record sales and earnings, proving the vacation-rental giant’s resilience even as the delta variant...