Business / World Business

India announces $35 billion economic stimulus package 12 Nov 2020 - 02:11 pm

NEW DELHI: India’s finance minister on Thursday announced a $35.14 billion package to stimulate the economy by boosting jobs, consumer demand, manufacturing, agriculture...

Boeing sees more cancelled orders as MAX nears return 11 Nov 2020 - 12:06 am

New York - Boeing said Tuesday it was hit with another 12 cancelled orders for the 737 MAX, as the flagship aircraft is...

Etihad warns pilots of immediate job cuts as pandemic crisis continues 09 Nov 2020 - 04:08 pm

DUBAI: Abu Dhabi's Etihad Airways has warned pilots of immediate compulsory layoffs this week as demand for air travel fails to recover as...

'No more bullying': fresh start to U.S.-Mexico relations eyed under Biden 07 Nov 2020 - 08:22 pm

MEXICO CITY: A Joe Biden presidency could reset ties with top U.S. trade partner Mexico that have suffered since Donald Trump made his...

Regeneron beats quarterly revenue estimates as COVID-19 impact eases 05 Nov 2020 - 03:09 pm

Regeneron Pharmaceuticals Inc beat analysts' estimates for third-quarter revenue on Thursday as easing lockdowns boosted demand for its eye drug Eylea, while the...

Pandemic puts Indonesia into recession; 1st time in 20 years 05 Nov 2020 - 02:13 pm

JAKARTA, Indonesia: Indonesia’s economy has fallen into recession for the first time since the Asian financial crisis more than two decades ago as...

EU cuts 2021 economic outlook as virus spreads 05 Nov 2020 - 01:36 pm

BRUSSELS: The European Union's executive commission on Thursday lowered its growth forecast for the economic rebound from the coronavirus pandemic next year and...

Bank of England ramps up stimulus again to tackle COVID and Brexit hit 05 Nov 2020 - 12:21 pm

LONDON: The Bank of England increased its already huge bond-buying stimulus by a bigger-than-expected 150 billion pounds ($195 billion) as it prepared for...

Losses mount for oil majors as pandemic grips global economy 30 Oct 2020 - 05:26 pm

NEW YORK: Exxon Mobil reported its third consecutive quarter of losses as the global pandemic curtails travel and cripples global economic activity. The...

Apple shares fall as iPhone sales dip weighs on record quarterly results 30 Oct 2020 - 04:32 pm

Apple Inc's shares fell nearly 5% in premarket trading after the world's most valuable public company reported a steep fall in iPhone sales...

Spotify back in red as users exceed 300 million 29 Oct 2020 - 02:31 pm

Stockholm: Music streaming giant Spotify said Thursday that its number of monthly active users passed the 300-million-mark in third quarter, even as it...

LVMH and Tiffany end luxury battle, cut price on $16 billion takeover 29 Oct 2020 - 12:27 pm

Paris: France's LVMH will pay slightly less to acquire U.S. jeweler Tiffany & Co after the two companies agreed to end a bitter...

GSK says Q3 earnings fall 14.4% amid COVID-19 disruption 28 Oct 2020 - 03:58 pm

LONDON (AP) - Drugmaker GlaxoSmithKline says third-quarter earnings fell 14.4% as disruptions caused by the COVID-19 pandemic reduced sales of vaccines, antibiotics and...

Boeing to cut 7,000 more jobs as it reports another loss 28 Oct 2020 - 03:49 pm

New York: Pressured by another quarterly loss, Boeing announced Wednesday additional job cuts as it adapts to a prolonged downturn in the aviation...

Microsoft cloud business gathers steam as pandemic boosts growth 28 Oct 2020 - 11:04 am

Microsoft Corp's cloud computing business slightly re-accelerated and its Teams messaging and collaboration software won new users, as a pandemic-driven shift to working...