Business

GM expands recall of cars to 2.6 million 30 Mar 2014 - 07:27 am

DETROIT: General Motors Co expanded its global recall of cars with defective ignition switches to 2.6 million, adding 971,000 later-model vehicles due to...

PwC is sued for $1bn over MF Global collapse 30 Mar 2014 - 07:27 am

NEW YORK: The administrator of MF Global Holdings Ltd’s bankruptcy plan on Friday sued the auditor PricewaterhouseCoopers (PwC) for at least $1bn over...

Dollar reserve role secure but set to shrink 30 Mar 2014 - 07:26 am

BERLIN: The dollar’s share of central bank reserves may fall by as much as 10-15 percentage points in coming years without threatening its...

Renault-Nissan celebrates 15th anniversary 30 Mar 2014 - 07:26 am

Doha: The Renault-Nissan Alliance yesterday celebrated its 15th anniversary, only days before the global car group launches its next significant wave of integration....

Cuba lures foreign investments 30 Mar 2014 - 07:24 am

HAVANA: Cuba’s Parliament unanimously approved a new law on foreign investment yesterday aimed at boosting sputtering economic growth on the communist-ruled island. President...

Moody’s puts Russia on watch 30 Mar 2014 - 07:24 am

Moscow: Moody’s Investors Service placed Russia’s government bond rating of ‘Baa1’ on review for a downgrade as the conflict with Ukraine weighs on...

Air Berlin denies fiscal issues 30 Mar 2014 - 07:23 am

FRANKFURT: Germany’s Air Berlin said yesterday it had enough money to run its business, denying claims by an investor rights group it was...

Lukoil starts output from Iraq field 30 Mar 2014 - 07:22 am

BASRA: One of the biggest undeveloped oilfields in the world has begun commercial production in south Iraq, officials said yesterday, part of ambitious...

Apple, Google lose bid to avoid wage trial 30 Mar 2014 - 07:22 am

SAN FRANCISCO: A US judge on Friday rejected a request from Apple, Google and two other tech companies to avoid a trial in...

Foxconn profit up 12.7pc in 2013 on huge iPhone demand 30 Mar 2014 - 07:22 am

TAIPEI: Taiwan tech giant Hon Hai Precision, the world’s largest contract manufacturer for electronics, saw its net profit rise 12.7 percent on-year in...

Mexico’s Q1 economy hit by US, weather 30 Mar 2014 - 07:21 am

NEW YORK: Mexico’s economic growth in the first quarter of the year is being affected by slower growth in the United States and...

West Africa fails to ink EU trade deal 30 Mar 2014 - 07:16 am

YAMOUSSOUKRO: West African leaders failed to agree to open their economies to free trade with the European Union at a summit yesterday after...

Microsoft stops probing Hotmail to plug leaks 30 Mar 2014 - 07:15 am

SAN FRANCISCO: Microsoft scrapped a policy which allowed it to peek at Hotmail messages to plug leaks or investigate intellectual property theft. The...

Nakilat eyes foreign investments 30 Mar 2014 - 05:24 am

DOHA: Nakilat, the Qatari marine company which provides the critical transportation link in the country’s liquefied natural gas (LNG) supply chain, will be...

Tea job 29 Mar 2014 - 07:13 am

Ethnic Dong women work at a tea leaf processing factory in Liping county, Guizhou province in China, yesterday. According to local media, Liping...

Sound of music at FIDAE 29 Mar 2014 - 07:05 am

British heavy metal band Iron Maiden’s lead vocalist and commercial pilot, Bruce Dickinson, delivers a speech during an Innovation, Creativity and Business Conference...

BMW X4s in the making 29 Mar 2014 - 07:02 am

An overall view of the assembly line where the BMW X4 is made at the manufacturing plant in Spartanburg, South Carolina. BMW will...

Political uncertainty hits Thai industries 29 Mar 2014 - 06:59 am

Workers construct a new facility at Map Ta Phut industrial estate. Continuing political uncertainty, derailed infrastructure plans and sliding domestic demand are making...