Business

Samsung for compensation over cancer claims of staff 15 May 2014 - 06:45 am

SEOUL: Samsung Electronics promised yesterday to pay compensation to a number of employees who claim they contracted cancer from working at the company’s...

Japan banks warn of shrinking profits 15 May 2014 - 06:41 am

TOKYO: Japan’s top three banks yesterday posted bumper annual profits owing to a surging domestic stock market, but warned that their inflated bottom...

TAQA Q1 profit jumps 158pc on oil revenues 15 May 2014 - 06:41 am

ABU DHABI: Abu Dhabi National Energy Company (TAQA), the state-owned oil explorer and power supplier, posted a 158-percent jump in first-quarter net profit...

French inflation index rises 15 May 2014 - 06:37 am

PARIS: Inflation in France edged up in April, French official data showed yesterday against a background of speculation that the European Central Bank...

Egypt pound hits new low as central bank sells forex for food 15 May 2014 - 06:36 am

CAIRO: The Egyptian pound weakened yesterday at an exceptional central bank sale of $1.1bn aimed at supplying dollars to importers of essential foodstuffs,...

Qantas to lay off pilots in bid to revive profits 15 May 2014 - 06:35 am

SYDNEY: Struggling Australian airline Qantas said it will make dozens of pilots redundant for the first time in 40 years as it looks...

Toshiba, SanDisk join hands for 3D chips 15 May 2014 - 06:35 am

TOKYO: Japan’s Toshiba is teaming up with US chip giant SanDisk to produce a “3D” memory chip they hope will allow users to...

BoE hikes 2015 forecast on better recovery 15 May 2014 - 06:34 am

LONDON: The Bank of England hiked its 2015 growth forecast yesterday and said that the British economy was heading “back towards normal” as...

Atlas Mara to raise $400m to fund its Africa growth 15 May 2014 - 06:33 am

London: Former Barclays boss Bob Diamond-backed investment company Atlas Mara said it would raise about $400m through a private placement of new shares...

China may miss growth target after 15 years 15 May 2014 - 06:33 am

BEIJING: China might miss its economic growth target for the first time in 15 years as data points to a sharper-than-expected loss of...

Ireland trade surplus shrinks 15 May 2014 - 06:31 am

DUBLIN: Ireland’s trade surplus shrank by nearly a quarter in March to the lowest level since 2008, data showed yesterday in a sign...

Tata Motors launches PRIMA heavy trucks in Qatar 15 May 2014 - 04:49 am

The Executive Director for Commercial Vehicles, TATA Motors, Ravi Pisharody (left), presenting a memento to the Executive Director of Al Hamad Automobile Company,...

Qatar Chamber to undergo restructuring soon 14 May 2014 - 07:27 am

Sheikh Khalifa bin Jassem bin Mohamed Al Thani (left) and Mohamed bin Ahmed Tawar Al Kuwari DOHA: Businessmen who are not board members...

Al Sada meets Deputy FM of Italy 14 May 2014 - 07:26 am

H E Dr Mohamed bin Saleh Al Sada, the Minister of Energy and Industry, met Lapo Pistelli, Vice-Minister of Foreign Affairs of Italy,...

Ooredoo holds Capital Markets Day 14 May 2014 - 07:26 am

Senior officials addressing the Capital Markets Day in Doha. DOHA: Ooredoo, one of the leading international telecommunications service providers in the world, yesterday...

QInvest to host Islamic finance seminar with LSE 14 May 2014 - 07:25 am

Hani Ibrahim & Alexander Armstrong DOHA: QInvest, Qatar’s leading investment bank and one of the most prominent Islamic financial institutions in the world,...

MEED reveals region’s award-winning projects 14 May 2014 - 07:24 am

The winners of the MEED Quality Awards for Projects 2014. Doha: MEED yesterday announced this year’s winners of the MEED Quality Awards for...

OECD urges Germany to tackle job issues 14 May 2014 - 07:23 am

OECD Secretary-General Jose Angel Gurria (left) and IMF Chief Christine Lagarde at Chancellery in Berlin yesterday. German chancellor met the heads of five...