Business / World Business

India's SpiceJet to buy more than 150 planes 29 Nov 2015 - 03:26 pm

By Matt Smith DUBAI: India’s SpiceJet is in talks with Boeing and Airbus to buy more than 150 planes, the airline’s chairman said...

Rupee to be under pressure in the short-term: Experts 28 Nov 2015 - 02:46 pm

Mumbai: Anxiety over an imminent US rate hike, possible escalation of Middle East crises and continued outflow of foreign funds from domestic equity...

Bill Gates to launch multibillion-dollar clean energy initiative 28 Nov 2015 - 10:42 am

Microsoft co-founder Bill Gates New York: Microsoft co-founder Bill Gates will launch a multi-billion-dollar clean energy research and development initiative with heads of...

Facebook offers four-month paid leave for new dads 28 Nov 2015 - 09:59 am

President, founder and CEO of Facebook Mark Zuckerberg. San Francisco: With Facebook co-founder Mark Zuckerberg about to become a dad, the social network...

Britons head online in hunt for bargains 28 Nov 2015 - 12:00 am

LONDON: Britons splashed out on “Black Friday” bargains yesterday but many opted to go online rather than head to the shops for an...

Britain fines Barclays £72m over 'elephant' deal 27 Nov 2015 - 12:00 am

London: Britain's financial regulator on Thursday fined Barclays bank £72 million ($109 million, 102 million euros) for failing to carry out proper checks...

Gold close to lowest in nearly six years on stronger dollar 26 Nov 2015 - 06:26 pm

By Clara Denina LONDON: Gold traded near its lowest in nearly six years on Thursday as the dollar held at multi-month highs after...

VW finds 'new fuel consumption' fault: report 26 Nov 2015 - 06:08 pm

Berlin: Volkswagen has uncovered yet another software problem affecting its vehicles' fuel consumption, German media reported Thursday, adding to a massive pollution cheating...

VW's Audi suspends two engineers in emissions probe 26 Nov 2015 - 01:23 pm

BERLIN: Volkswagen's luxury flagship Audi has suspended two engineers after its larger diesel engines were found evading emissions limits in the United States,...

South Korea orders recall of 125,522 Volkswagen vehicles 26 Nov 2015 - 08:35 am

By Joyce Lee SEJONG, South Korea: South Korea on Thursday said its own testing showed that Volkswagen AG (VOWG_p.DE) intentionally manipulated a diesel...

Yuan IMF reserves entry symbolic than game-changing 26 Nov 2015 - 12:34 am

HONG KONG: For Aberdeen Asset Management Plc and Investec Asset Management Ltd., the yuan’s likely ascension to reserve-currency status next week is more...

Nigeria faces separatist pressure over oil wealth sharing 25 Nov 2015 - 10:16 am

Lagos: When Boko Haram captured territory in Nigeria's northeast last year and declared a caliphate, there were real fears for the sovereignty of...

One-off vehicles at the Essen Motor Show 25 Nov 2015 - 12:00 am

Models sit in a GEA by Italdesign Guigiaro at a preview for the Essen Motor Show in Essen, Germany, yesterday. Several one-off vehicles...

US economy grew more than expected in third quarter 24 Nov 2015 - 05:10 pm

Washington: The US economy expanded more than expected in the third quarter but growth remained well below the pace of the second quarter,...

German prosecutors confirm launch of second probe at Volkswagen 24 Nov 2015 - 03:17 pm

HAMBURG: German prosecutors in Braunschweig said they had launched a second formal probe related to the emissions scandal at Volkswagen, focusing on five...

Rolls-Royce sets out turnaround strategy 24 Nov 2015 - 10:58 am

LONDON: British engineering company Rolls-Royce said it would launch a major restructuring programme, as its new chief executive Warren East gave further details...

Lulu finalises Malaysian launch plan 24 Nov 2015 - 12:04 am

Lulu Group Chairman and Managing Director Yusuffali MA (right) during the official luncheon hosted by Malaysian Prime Minister Najib Abdul Razak (centre) in...