Business / World Business

Swiss bank Raiffeisen’s chairman steps down amid probe of ex-CEO 09 Mar 2018 - 11:54 pm

ZURICH: The chairman of Switzerland’s third-largest bank, Raiffeisen, will step down with immediate effect after former CEO Pierin Vincenz was placed under investigation...

Steel and aluminium: two strategic metals 09 Mar 2018 - 08:01 pm

Paris: US President Donald Trump has raised fears of a trade war after he announced punitive tariffs on two the world's most strategic...

Trump signs sweeping tariffs, defying trade war warnings 09 Mar 2018 - 12:19 pm

Washington, US President Donald Trump slapped steep trade tariffs on foreign steel and aluminum Thursday, drawing sharp protests from allies at home and...

France to 'name and shame' companies that pay women less 08 Mar 2018 - 06:09 pm

Paris: French President Emmanuel Macron on Thursday marked International Women's Day with a pledge to "name and shame" companies that pay women less...

BMW posts record net profit of 8.7 bn euros for 2017 08 Mar 2018 - 04:05 pm

Berlin: German luxury carmaker BMW said Thursday its 2017 net profit soared 26 percent to a record 8.7 billion euros ($10.7 billion), driven...

World's oldest central bank has hit a dangerous inflation wall 08 Mar 2018 - 01:54 pm

Sweden’s Riksbank isn’t getting the inflation it needs in order to raise interest rates and get itself back in shape for the next...

Jaguar owner wants to hire women in India but fewer are working 08 Mar 2018 - 01:35 pm

Jaguar Land Rover owner Tata Motors Ltd. had just about 200 women on the shop floor three years ago. Now, it has 10...

Kobe Steel CEO to quit over data fraud scandal 06 Mar 2018 - 12:38 pm

* Kobe Steel CEO to resign in April, successor not named * Company past littered with compliance failures, malfeasance * Kobe Steel says...

Italian vote, trade concern darken Europe's economic outlook 05 Mar 2018 - 02:29 pm

LONDON: For months, the 19-country eurozone economy has been one of the bright spots in the global economy, with growth and job creation...

Indian police say gold bribes given in $2 billion bank fraud case 03 Mar 2018 - 05:46 pm

MUMBAI/NEW DELHI: An official of India's Punjab National Bank received gold and diamond jewellery from a billionaire jeweller accused of being involved in...

'Big Bitcoin Heist': 2 held over stolen computers in Iceland 02 Mar 2018 - 10:02 pm

REYKJAVIK, Iceland: Some 600 computers used to "mine" bitcoin and other virtual currencies were stolen from data centers in Iceland in what police...

Arctic blast saps British gas supplies, price hits high 02 Mar 2018 - 04:45 pm

OSLO: British gas prices spiked again in volatile trading on Friday as an ongoing cold snap raised concerns about supplies. "Today was absolute...

Cryptocurrencies failing as money, but technology has promise: Carney 02 Mar 2018 - 04:33 pm

LONDON: Cryptocurrencies such as Bitcoin are failing as a form of money and have shown clear signs of being a financial bubble, but...

Liverpool vow to spend after posting profit 01 Mar 2018 - 05:32 pm

London: Liverpool have pledged to back boss Jurgen Klopp in the transfer market after their accounts returned to profit with a £39 million...

Alibaba is said to buy out Baidu in China's top food takeout app 26 Feb 2018 - 03:24 pm

Alibaba Group Holding Ltd. has agreed to buy out Baidu Inc. and other investors in Chinese startup Ele.me to shore up its delivery...

Malabar Gold opens new showroom in Kuwait 25 Feb 2018 - 10:00 am

DOHA: Malabar Gold & Diamonds recently launched a new store in Kuwait. The brand new showroom located next to Olive Hypermarket in Jeleeb...

RBS pays women 37% less on average than male staff at bank 23 Feb 2018 - 10:50 pm

Royal Bank of Scotland Group Plc pays its female staff on average 37 percent less than men at the bank, joining Lloyds Banking...

British Airways-owner announces slight profit rise 23 Feb 2018 - 10:41 pm

London: IAG, which owns British Airways and Spanish carrier Iberia, said Friday that full-year net profit gained only slightly, as restructuring costs offset...