Business / World Business

Amazon executive to do stint with Italian government 11 Feb 2016 - 08:38 am

San Francisco: Online retail colossus Amazon on Wednesday said that one of its senior executives will take two years off to work for...

Mylan offers to buy Swedish pharma firm Meda for $9.9 bn 11 Feb 2016 - 07:49 am

New York: US pharmaceutical giant Mylan said Wednesday it has struck a $9.9 billon deal to buy Meda, capping two years of dogged...

Dovish Yellen gives big boost to yen 11 Feb 2016 - 07:45 am

New York: The Japanese yen pushed strongly higher Wednesday after a surprising warning by Federal Reserve Chair Janet Yellen over rising risks in...

Britain's Pinewood Studios owner could be sold 11 Feb 2016 - 12:00 am

Pinewood Studios gateway. Credit: Alexander Williams, Wikipedia London: The group which owns Britain's Pinewood Studios, where the James Bond films are made, could...

Opinion: With oil fee, Obama shows plan for sector-by-sector carbon price 10 Feb 2016 - 06:40 pm

Representative image By John Kemp LONDON: U.S. President Barack Obama’s budget would raise $319 billion over 10 years from the phased introduction of...

Russia considers drastic steps to plug finances hit by tumbling oil 10 Feb 2016 - 06:23 pm

Budget shortfall up to $30 bln if oil prices stay at $30. With easy options gone, officials considering risky measures. Discussions held on...

Daimler, VW recall 1.5 million vehicles in U.S. over airbag worries 10 Feb 2016 - 05:21 pm

Takata airbag inflators could be defective. Recall to result in Daimler charge of 340 mln euros. Charge lowers Daimler 2015 profit to 8.7...

UK’s Tesco takes full control of Harris+Hoole coffee chain 10 Feb 2016 - 05:11 pm

Tesco supermarket in London. REUTERS, Luke Macgregor LONDON: Tesco, Britain’s biggest retailer, has taken full control of the Harris+Hoole coffee shop chain by...

Italian PM Renzi compares EU to sinking ship 10 Feb 2016 - 02:55 pm

Italian Prime Minister Matteo Renzi talks during his speech at the political training school of the Democratic Party in Rome, Italy, 07 February...

Terrorism fears secure profits for Sweden's Securitas 09 Feb 2016 - 03:35 pm

Stockholm: Sweden's Securitas, the European leader in security services, reported Tuesday a sharp rise in profits for 2015 amid an increased threat of...

Monkey business: As China tourists tighten belt, retailers face unhappy New Year 09 Feb 2016 - 12:41 pm

Australian products are displayed for sale in a store in Sydney, Australia, January 27, 2016. Picture taken January 27, 2016. REUTERS BY JARNI...

Greece expects bailout review to resume next week: minister 09 Feb 2016 - 12:00 am

By Renee Maltezou and Angeliki Koutantou ATHENS: Greece’s lenders still need to be persuaded that Athens can plug a bigger than expected fiscal...

Georgia to build $2.5-bln Black Sea port on China's Silk Road 08 Feb 2016 - 05:17 pm

Tbilisi: Georgia on Monday announced plans to build a new deep-water Black Sea port in a $2.5-billion project that aims to boost trade...

French economic growth gains momentum: Central bank 08 Feb 2016 - 11:49 am

Paris: France's economic growth is set to pick up slightly in the early part of this year, data showed Monday, building on its...

China says EU should take steel dumping claims to WTO 07 Feb 2016 - 03:57 pm

A labourers works at a steel market in Shanghai January 9, 2013. REUTERS BEIJING: China's Ministry of Commerce said that claims it was...

China forex reserves fall almost $100 bn in January 07 Feb 2016 - 12:27 pm

Beijing: China's foreign exchange reserves have fallen to their lowest level in more than three years, the central bank said Sunday, as Beijing...

Sri Lanka requests IMF bailout to tackle budget deficit 06 Feb 2016 - 10:57 am

Sri Lankan Prime Minister Ranil Wickremasinghe, right, talks to Indian External Affairs Minister Sushma Swaraj during their meeting in Sri Lanka, Friday, Feb....

Argentina offers $6.5 billion cash deal to end debt battle 06 Feb 2016 - 10:25 am

US-court appointed mediator Daniel Pollack exits his midtown Manhattan office after a meeting on Argentina's debt crisis, in New York. Reuters/Brendan Mcdermid By...