Business / World Business

'Hard' Brexit could see Philips quit Britain: CEO 08 Jul 2018 - 12:33 pm

The Hague: Dutch electronics giant Philips warned Sunday it may shift production out of Britain in the event of a "hard" Brexit, saying...

Iran calls for EU help as shipping giant pulls out for fear of US sanctions 07 Jul 2018 - 09:08 pm

AIX-EN-PROVENCE, France/LONDON: One of the world's biggest cargo shippers announced on Saturday it was pulling out of Iran for fear of becoming entangled...

China's organ transplant system feted despite transparency doubts 06 Jul 2018 - 09:59 pm

Madrid: Just a few years ago, China was persona non grata in the transplantation world over its use of organs from executed inmates,...

Ethiopia must work harder to attract investment, reformist PM Abiy Ahmed says 06 Jul 2018 - 08:56 pm

ADDIS ABABA: Ethiopia must work harder to attract foreign investment and boost international trade, Prime Minister Abiy Ahmed said on Friday as he...

Singapore announces surprise property curbs to cool market 06 Jul 2018 - 07:48 pm

Singapore’s renewed clampdown on speculative property demand sent real estate stocks reeling on Friday, as analysts predicted the end of a nascent home...

China blames US for 'largest-scale trade war' as tariffs kick in 06 Jul 2018 - 06:43 pm

BEIJING/WASHINGTON: The United States and China slapped tit-for-tat duties on $34 billion worth of each other's imports on Friday, with Beijing accusing Washington...

Air passenger traffic up in Europe in May 06 Jul 2018 - 04:59 pm

ANKARA: Air passenger traffic in Europe rose 6.1 percent in May compared to the same month last year -- including a leap of...

UK cabinet ministers revolt over Theresa May's soft Brexit plan 05 Jul 2018 - 11:44 pm

Prime Minister Theresa May is battling a Cabinet revolt over her plan to tie the U.K. closely to European Union trade rules, in...

France has no reason to bar lesbians from IVF, top court advises 05 Jul 2018 - 11:35 pm

PARIS: There are no legal reasons not to give single women and lesbian couples access to medically-assisted reproduction, the top state advisory body...

Mukesh Ambani takes on Amazon, Walmart in India e-commerce slugfest 05 Jul 2018 - 11:13 pm

Reliance Industries Ltd. plans to take on the likes of Amazon.com Inc. and Walmart Inc. in India’s retail industry by creating a platform...

Indian Railways live streams from kitchens after food scares 05 Jul 2018 - 07:13 pm

New Delhi: Indian Railways has started live streaming from its kitchens so that millions of passengers can see how their meals are prepared...

Boeing to take over Embraer unit, taking on Airbus-Bombardier 05 Jul 2018 - 05:38 pm

SAO PAULO: Boeing Co will buy a controlling stake in the commercial aircraft arm of Brazilian planemaker Embraer SA under a new $4.75-billion...

Chinese group HNA’s co-chairman Wang Jian died after falling from 15 meters high while taking photo 05 Jul 2018 - 12:48 am

The turmoil deepened at HNA Group Co., the Chinese conglomerate that’s been selling billions of dollars in assets to stay afloat, after its...

Uganda leader says social media used for "lying", defends tax for access 04 Jul 2018 - 10:44 pm

KAMPALA: Uganda's President Yoweri Museveni has defended the country's new social media tax, saying Ugandans were using such platforms for "lying", and squandering...

Is Bitcoin creator writing a book? cryptic note indicates yes 04 Jul 2018 - 10:41 pm

Is the unknown creator of Bitcoin writing a book about it? That could be concluded from a cryptic message posted Friday at a...

Mexico's business bosses praise Lopez Obrador after testy campaign 04 Jul 2018 - 10:25 pm

MEXICO CITY: Mexico's business elite had warm words for president-elect Andres Manuel Lopez Obrador on Wednesday after he assured them he respected private...

Mexico's president-elect does not rule out medical opium sales: aide 04 Jul 2018 - 10:18 pm

MEXICO CITY: Mexico's president-elect, Andres Manuel Lopez Obrador, is not closed to the idea of selling opium for pharmaceutical use, a senior aide...

Africa's largest data-center firm plans $73 million investment 04 Jul 2018 - 08:08 pm

Teraco Data Environments Pty Ltd. plans to invest about 1 billion rand ($73 million) as Africa’s largest data-center operator expands infrastructure to meet...