Business / World Business

Italy open to cutting deficit in disputed budget 26 Nov 2018 - 02:00 pm

Rome: Italy's populist government appeared open Monday to reducing its draft budget deficit, boosting stocks in Milan on hopes Rome could ease a...

Ghosn in firing line again as Mitsubishi Motors board meets 26 Nov 2018 - 10:14 am

Tokyo: Mitsubishi Motors Corp's board will meet on Monday to remove Carlos Ghosn from his role as chairman after his arrest and ouster...

Italy's Salvini signals possible offering to EU in budget spat 25 Nov 2018 - 09:43 pm

Deputy Premier Matteo Salvini signaled a new openness to change Italy’s budget deficit target for next year, the focus of a standoff with...

Whistleblowers making their mark on business world 23 Nov 2018 - 11:41 pm

Paris: UBS, Danske Bank, Cambridge Analytica and now Renault-Nissan: the probe into Carlos Ghosn demonstrates the growing power of whistleblowers as transparency requirements...

Ghosn's income under-reporting 'may reach $71 million' 23 Nov 2018 - 11:24 pm

Tokyo: Nissan's former chairman Carlos Ghosn under-reported his income by a total of $71 million -- much more than initially suspected -- Japanese...

Italy to resist budget pressure ahead of EU elections 23 Nov 2018 - 11:20 pm

ROME: Italy said on Thursday it would resist pressure from Brussels to revise its big-spending budget, effectively daring EU authorities to punish it...

Amazon hit by strikes in Europe on 'Black Friday' 23 Nov 2018 - 05:25 pm

Madrid: Amazon workers in Spain, Germany and Britain went on strike on the day of the "Black Friday" sales bonanza asking for better...

Ghosn gone: Nissan drives out chairman after arrest 22 Nov 2018 - 11:18 pm

Tokyo: Nissan's board sacked Carlos Ghosn as chairman on Thursday, a spectacular fall from grace for the once-revered boss whose arrest for financial...

UK looks to hydrogen as source of green energy to make heat 22 Nov 2018 - 11:18 pm

An influential panel of lawmakers in Parliament is encouraging the government to develop hydrogen as a way to provide a green form of...

Nissan board meets to oust fallen tycoon Ghosn as chairman 22 Nov 2018 - 01:21 pm

Tokyo: Top executives from crisis-hit Japanese car giant Nissan gathered to sack Carlos Ghosn as chairman Thursday, after his spectacular arrest for financial...

OECD warns of global slowdown 22 Nov 2018 - 01:06 am

Paris: The global economy has peaked and faces a slowdown driven by international trade tensions and tighter monetary conditions, the Organisation for Economic...

Technology, energy stocks rally; oil bounces back from rout 22 Nov 2018 - 01:06 am

NEW YORK: World stock markets rose on Wednesday, with Wall Street tipping higher on gains in technology and energy shares, while oil rebounded...

Trump trade fight heads to global court as WTO nears the rubicon 22 Nov 2018 - 12:15 am

President Donald Trump’s plan to reshape America’s global relationships will reach a critical juncture this week when the World Trade Organization decides whether...

Renault and Nissan are bickering partners who need each other 22 Nov 2018 - 12:15 am

It was a lopsided union when Renault SA rescued Nissan Motor Co. in 1999. Today, it’s harder to tell which of the bickering...

Ghosn's fall ripples from Tokyo to Paris as allegations spread 20 Nov 2018 - 10:25 pm

The downfall of Nissan Motor Co. Chairman Carlos Ghosn reverberated for a second day as politicians and executives scrambled to fill the vacuum...

Bitcoin crashes to lowest this year, losses top 25 percent in a week 20 Nov 2018 - 10:25 pm

LONDON: Bitcoin slumped on Tuesday to its lowest this year, tumbling as much as 10 percent to breach $4,300 and taking losses in...

With Carney warning of 1970s-style shock, UK firms ready for no-deal Brexit 20 Nov 2018 - 10:25 pm

LONDON: Companies began triggering plans to keep operating if Britain leaves the European Union without an agreement, a "no deal" scenario the Bank...