Business / World Business

Germany's Merkel cannot afford to bail out Deutsche Bank 01 Oct 2016 - 07:19 pm

FRANKFURT: German Chancellor Angela Merkel cannot afford to bail out Deutsche Bank given the hard line Berlin has taken against state aid in...

Zara owner Ortega buys $550 million Madrid skyscraper 01 Oct 2016 - 02:12 pm

MADRID: Amancio Ortega, Europe's richest man and founder of global fashion group and Zara owner Inditex, has bought one of Madrid's most famous...

VW says to pay US suppliers $1.2 bln over Dieselgate 01 Oct 2016 - 02:02 pm

San Francisco: German auto giant Volkswagen has agreed to pay US suppliers some $1.2 billion to settle claims emanating from the "Dieselgate" pollution...

Uber launches global assault on food delivery market 29 Sep 2016 - 02:40 pm

AMSTERDAM: Uber is making an aggressive drive into meal delivery, backed by a wave of staff recruitment, with the U.S. tech heavyweight gearing...

VW working hard to get through 'dieselgate': CEO 29 Sep 2016 - 08:00 am

Paris: Volkswagen boss Matthias Mueller said Wednesday that the troubled German automaker is using "all available resources" to work its way through the...

Lufthansa to buy remaining 55% of Brussels Airlines 28 Sep 2016 - 04:17 pm

Berlin: German carrier Lufthansa on Wednesday said it would buy the 55 percent of Brussels Airlines it does not already own, completing a...

First US shale gas arrives in UK 28 Sep 2016 - 12:48 pm

GRANGEMOUTH: Britain’s first shale gas delivery from the United States sailed into a heated European political debate on fracking yesterday and immediately ran...

Brexit U-turn still possible: Ryanair's O'Leary 27 Sep 2016 - 08:18 pm

Blagnac, France: The head of Europe's largest airline said Tuesday he believes the UK could still make a Brexit U-turn once it realised...

Yusuff Ali in Forbes’ Indian billionaire club 24 Sep 2016 - 10:18 pm

DOHA: Yusuff Ali MA (pictured), Chairman of Abu Dhabi based Middle East retail chain Lulu Group, has found his top place in the...

Snapchat Will Release $130 Sunglasses With Built-In Camera 24 Sep 2016 - 08:17 pm

Snapchat said it will release a wearable gadget called Spectacles, which resembles a pair of sunglasses with a built-in camera for shooting video....

Twitter begins discussions to explore a sale: source 23 Sep 2016 - 05:23 pm

Twitter Inc (TWTR.N) has initiated talks with several technology companies to explore selling itself, a person familiar with the matter said on Friday,...

Apple eyes deal with carmaker McLaren 21 Sep 2016 - 06:30 pm

London: US tech giant Apple is in talks with British supercar maker McLaren about a possible acquisition, the Financial Times reported Wednesday. The...

Japanese traders cheer central bank policy tweeks 21 Sep 2016 - 08:33 am

A pedestrian walks past the Bank of Japan building in Tokyo, May 22, 2013. REUTERS/Yuya Shino/File Photo Tokyo: Tokyo shares shot up and...

SWIFT plans measure to help spot fraudulent bank transfers 20 Sep 2016 - 09:14 am

The SWIFT logo is pictured in this photo illustration taken April 26, 2016. Reuters/Carlo Allegri/Illustration/File Photo By Tom Bergin LONDON: The SWIFT inter-bank...

Mexican peso hit by 'Trump factor' 20 Sep 2016 - 08:21 am

A picture illustration shows Mexican pesos and US dollar banknotes in Mexico City. Reuters Mexico City: Donald Trump has angered Mexicans with his...

Reason behind Uber's popularity: Consumers benefit the most, says US study 19 Sep 2016 - 04:16 pm

New York: A study suggests that online transportation firm Uber's consumers -- not the company or the drivers -- are the largest beneficiary....

Australia's Port of Melbourne sold for $7.3 bln 19 Sep 2016 - 11:16 am

A file photo shows a container ship being unloaded at the Port of Melbourne. AFP / WILLIAM WEST Sydney: An Australian-led consortium with...

Tens of thousands protest in Europe against Atlantic free trade deals 17 Sep 2016 - 06:04 pm

Consumer rights activists take part in a march to protest against the Transatlantic Trade and Investment Partnership (TTIP) and Comprehensive Economic and Trade...