Business

Tech firms to pay $324m to settle case 27 Apr 2014 - 12:54 am

Demonstrators protest against the use of hazardous chemicals in the production of iPhones outside an Apple Store in New York. According to the...

Microsoft completes Nokia deal 27 Apr 2014 - 12:54 am

Workers install the logo of Microsoft on the wall of former Finnish telecom giant Nokia’s headquarters in Espoo, Finland yesterday. Nokia completed the...

Google’s self driving car 27 Apr 2014 - 12:51 am

Google’s Lexus RX 450H Self Driving Car is seen parked on Pennsylvania Avenue in Washington, DC. Google has logged over 300,000 miles testing...

Meet of the US EXIM bank 27 Apr 2014 - 12:50 am

(From left) John Podesta, counsellor to President Obama, US Agriculture Secretary Tom Vilsack, Energy Secretary Ernest Moniz, and Commerce Secretary Penny Pritzker participate...

Qatar trade review gets WTO praise 27 Apr 2014 - 12:45 am

Doha: The State of Qatar has achieved a great success in the World Trade Organisation review with regard to its economic and trade...

Markets calm in emerging economies: QNB 27 Apr 2014 - 12:45 am

Doha: Capital flows to emerging markets (EMs) recovered in February and March 2014 leading to calmer financial markets, said Qatar National Bank Group...

Nakilat profit up 17pc to QR207m 27 Apr 2014 - 12:44 am

DOHA: Qatar Gas Transport Company (Nakilat) yesterday announced its financial results for the first quarter of 2014, where the company’s net profits reached...

Nakilat profit up 17pc to QR207m 27 Apr 2014 - 12:44 am

DOHA: Qatar Gas Transport Company (Nakilat) yesterday announced its financial results for the first quarter of 2014, where the company’s net profits reached...

US expanding corporate foreign bribery probes to include hiring 27 Apr 2014 - 12:44 am

WASHINGTON: US government agencies that have been probing banks’ hiring of children of powerful Chinese officials are expanding existing investigations in other industries...

Arab Bank Group Q1 net profit up 5.4pc 27 Apr 2014 - 12:44 am

AMMAN: Jordan-based Arab Bank Group said yesterday its first-quarter net profit rose 5.4 percent to $216.3m due to prudent lending policies in a...

US alleges insider trading in eBay deal 27 Apr 2014 - 12:43 am

WASHINGTON/NEW YORK: The US government filed criminal and civil charges accusing a former executive of insider trading in advance of eBay Inc’s purchase...

Apple will fix faulty iPhone 5 models 27 Apr 2014 - 12:43 am

SAN FRANCISCO: Apple offered to fix some older iPhone 5 smartphones with flawed on-off buttons. The California-based company said a “small percentage” of...

ECB to bring shadow banks under lens 27 Apr 2014 - 12:42 am

HELSINKI: Major organisations that carry out banking activities, but are not banks, may become so important to the financial system that they need...

Omnicom, Publicis deal hits roadblock 27 Apr 2014 - 12:41 am

New York: A merger of Omnicom Group Inc, the No. 1 US advertising company, and French rival Publicis Groupe SA has hit a...

Morgan Stanley to cut broker compensation 27 Apr 2014 - 12:31 am

NEW YORK: Wary of brokers who make their money by “riding the calendar” of new stock and bond issues rather than patiently building...

Iraq oil exports average 2.5m bpd 27 Apr 2014 - 12:30 am

BAGHDAD: Iraq said it had exported an average of 2.5 million barrels per day (bpd) of oil in April so far, exceeding its...

UK business lobby makes U-turn over Scottish campaign 27 Apr 2014 - 12:30 am

LONDON: Britain’s most prominent business lobby group wants to reverse its decision to be an official campaigner against Scottish independence, after some of...

Foxconn to decide on Indonesia plan 27 Apr 2014 - 12:30 am

TAIPEI: Foxconn Technology Group will decide in October whether to proceed with a planned $1bn manufacturing project in Indonesia after a new government...