Business

Mercedes to revive luxury Maybach brand 17 Apr 2014 - 12:39 am

FRANKFURT: Daimler is set to revive Maybach, a brand once coveted by oligarchs, rap stars and royals, to woo a growing class of...

Bitcoin exchange MtGox placed in administration 17 Apr 2014 - 12:28 am

TOKYO: Failed Bitcoin exchange MtGox was placed in administration by a Japanese court yesterday, with an order for bankruptcy expected to be issued...

GM chief creates new team to boost safety 17 Apr 2014 - 12:28 am

NEW YORK: General Motors chief executive Mary Barra announced the creation of a new team to enhance safety in the wake of an...

Iran expects fifth payment under deal 17 Apr 2014 - 12:27 am

VIENNA/DUBAI: Iran expects to get a fifth instalment this week of previously blocked overseas funds, a senior official was quoted as saying, a...

Bitcoin exchange MtGox placed in administration 17 Apr 2014 - 12:23 am

TOKYO: Failed Bitcoin exchange MtGox was placed in administration by a Japanese court yesterday, with an order for bankruptcy expected to be issued...

China set to revise foreign investment law 17 Apr 2014 - 12:22 am

Beijing: Chinese officials are soliciting ideas to build a level playing ground for all businesses, domestic and overseas. “China should combine foreign investment...

Intel steadies as PC declines ease 17 Apr 2014 - 12:21 am

NEW YORK: US computer chip giant Intel reported a modest dip in earnings in the first quarter, amid a stabilisation of the key...

China economy slows sharply in Q1 17 Apr 2014 - 12:21 am

BEIJING: China’s GDP grew at its weakest pace for 18 months in the March quarter, data showed yesterday, testing Beijing’s resolve as its...

British unemployment rate drops below 7pc 17 Apr 2014 - 12:21 am

LONDON: Britain’s unemployment rate dropped to a five-year low point of 6.9 percent in the quarter to February, as the country’s economic recovery...

Qatar to invest QR664bn in infrastructure 16 Apr 2014 - 01:20 am

H E Sheikh Ahmed bin Jassim Al Thani (centre), the Minister of Economy and Trade, Sheikh Khalifa bin Jassim Al Thani (fourth left),...

Ooredoo, Cisco in deal for better services 16 Apr 2014 - 01:18 am

Sheikh Saud bin Nasser Al Thani, CEO, Ooredoo Qatar with Chris Dedicaot, President, Europe, Middle East, Africa, Russia, Cisco. DOHA: Ooredoo and Cisco...

Infosys net profit up 25pc, beats forecasts 16 Apr 2014 - 01:17 am

BANGALORE: Indian outsourcing giant Infosys yesterday reported quarterly net profit rose by a surprise 25 percent, lifted by new European and US contracts,...

Tasweeq, Idemitsu celebrate 35 years 16 Apr 2014 - 01:08 am

H E Dr Al Sada and other dignitaries at the celebration ceremony. DOHA: Qatar International Petroleum Marketing Company Ltd (Tasweeq) held a special...

Portugal will strip €1.4bn from budget 16 Apr 2014 - 01:07 am

Portugal’s Finance Minister Maria Luis Albuquerque in Lisbon yesterday. LISBON: Portugal yesterday laid out savings designed to strip €1.4bn from its budget in...

Ukraine currency recovers on 46pc rate hike 16 Apr 2014 - 01:06 am

Klaus-Dieter Borchardt (left), Director for Energy Markets at the European Commission, with Slovak Economy Minister Tomas Malatinsky at a delivery station of pipeline...

Qatar Steel hosts traders’ meet 16 Apr 2014 - 01:05 am

Traders and distributors at the annual gathering. DOHA: The Qatar Steel has hosted its 11th Traders’ Annual Gathering. The official ceremony was held...

Europe banks prepare for ECB tests 16 Apr 2014 - 01:04 am

ECB President Mario Draghi. LONDON: The tens of billions of euros eurozone banks set aside for loan losses in their latest annual accounts...

Coca-Cola sales beat estimates 16 Apr 2014 - 01:03 am

Coca Cola company workers protest against the closure of the company’s plant in Fuenlabrada in Madrid, Spain, yesterday. Coca-Cola reported better-than-expected quarterly revenue...