Business / World Business

Moldova struggles to reform economy hit by money laundering, theft 29 Oct 2016 - 11:39 am

Chisinau: Europe's poorest country Moldova -- politically torn between former Soviet master Russia and the West --- has seen its economy ravaged by...

US challenges China's imports of North Korean coal amid UN sanctions 29 Oct 2016 - 09:21 am

BEIJING: China's imports of North Korean coal run counter to global sanctions, a senior U.S. official said on Saturday, adding that a U.S....

EU privacy watchdogs warn WhatsApp on privacy policy, Yahoo on breach 28 Oct 2016 - 12:17 pm

BRUSSELS: European privacy watchdogs said on Friday they had sent letters to WhatsApp over its sharing of information with parent company Facebook and...

British Airways owner cuts profit forecast on pound slump 28 Oct 2016 - 10:33 am

London: British Airways' owner lowered on Friday its annual earnings forecast for a second time since Britain voted for Brexit, blaming the latest...

Carmaker Nissan to build new Qashqai model in UK 27 Oct 2016 - 01:37 pm

London: Japanese car giant Nissan announced Thursday it will build its new Qashqai sport utility vehicle at its plant in Sunderland, northeast England,...

Ousted Tata boss's hostile defence takes boardroom battle public 27 Oct 2016 - 08:42 am

NEW DELHI: Days after he was ejected as chairman of Tata Sons, Cyrus Mistry has stunned India with a hostile 5-page letter outlining...

Samsung says Note 7 probe open to 'all possibilities' 27 Oct 2016 - 08:06 am

Seoul: Samsung on Thursday acknowledged technical problems that killed off its Galaxy Note 7 may extend beyond its battery, and vowed an ongoing...

For Apple, surprise hunger for big phones leaves money on table 26 Oct 2016 - 12:37 pm

Apple Inc said it was caught off guard by how many people want to buy its biggest smartphone, the iPhone 7 Plus, and...

One Uruguay fish farm takes on world caviar market 26 Oct 2016 - 12:20 pm

Baygorria, Uruguay: Under the gray waters of a lake in deepest Uruguay lurks a slimy treasure. While many farmers here labor to produce...

India's Tata in race against time to save global image 26 Oct 2016 - 10:46 am

Mumbai: India's largest conglomerate Tata faces one of the most turbulent periods in its long history after its shock decision to sack its...

Europe must delay trade pact summit: Schulz 26 Oct 2016 - 01:57 am

Frankfurt: Europe must delay a summit this week when EU leaders hoped to sign the hotly-contested CETA free-trade deal with Canada, European Parliament...

Samsung takes another hit over lawsuit 26 Oct 2016 - 01:55 am

SEOUL: A South Korean law firm said yesterday that it expected thousands more people to join a class action lawsuit seeking compensation from...

Caterpillar earnings fall 26 Oct 2016 - 01:55 am

NEW YORK: Heavy equipment maker Caterpillar Inc yesterday said its earnings had again fallen sharply in the third quarter as the company grappled...

Thai economy on track for 3.2% growth in 2016 26 Oct 2016 - 01:53 am

BANGKOK: Thailand’s economy is on track to grow 3.2 percent this year and next and there is no need for further monetary policy...

Moscow airport announces $865mn expansion ahead of World Cup 25 Oct 2016 - 05:24 pm

Moscow: Moscow's Sheremetyevo airport, the largest in Russia, has invested $865 million into building a new terminal and expanding its operations ahead of...

Strong electric toothbrush sales boost P&G earnings 25 Oct 2016 - 02:53 pm

New York: Strong sales of electric toothbrushes and other health care products helped Procter & Gamble report better-than-expected quarterly earnings on Tuesday. The...

IBM apologises for Australian e-census bungle, setting off blame game 25 Oct 2016 - 08:33 am

SYDNEY: International Business Machines Corp said on Tuesday it plans to compensate the Australian government for a "malicious" cyber-attack that shut down a...