Business / World Business

BP pursues new projects despite $1.4bn loss in second quarter 27 Jul 2016 - 12:00 am

LONDON: BP will forge ahead with at least three more new projects this year, its CEO said, despite the British oil major reporting...

JetBlue orders 30 Airbus jets as steps up premium 26 Jul 2016 - 04:58 pm

Jet Blue (Reuters) Paris: Jet Blue ordered Tuesday another 30 medium-haul A321 aircraft that carry a catalogue price of $3.6 billion as the...

Mayer's experience, star power failed to revive Yahoo 25 Jul 2016 - 06:58 pm

Yahoo CEO Marissa Mayer delivers her keynote address at the annual Consumer Electronics Show in Las Vegas, Nevada, January 7, 2014. REUTERS /...

Verizon to buy Yahoo's core business for $4.8 bln in digital ad push 25 Jul 2016 - 06:11 pm

Yahoo! logo on a screen. (AFP / GETTY IMAGES NORTH AMERICA / Ethan Miller) By Malathi Nayak NEW YORK: Verizon Communications Inc said...

Verizon Said to Announce $4.8 Billion Yahoo Takeover Monday 25 Jul 2016 - 12:00 am

Verizon Communications Inc. will announce its plans to buy Yahoo! Inc. for about $4.8 billion on Monday, according to a person with direct...

UK warns of Brexit 'shadow' on world economy 25 Jul 2016 - 12:00 am

Speaking on the sidelines of the G20 meeting of leading world economies in Chengdu, China, Britain's finance minister Philip Hammond told Sky that...

Brexit casts shadow over eurozone growth outlook: ECB survey 22 Jul 2016 - 11:19 am

Frankfurt: Britain's vote to leave the European Union will weigh on the outlook for growth in the euro area next year and the...

China’s WeChat takes on WhatsApp in Africa 22 Jul 2016 - 08:57 am

WhatsApp used more widely than WeChat Facebook yet to leverage WhatsApp’s popularity to make money WeChat almost unknown in some part of Africa...

VMH considers creative director change at Louis Vuitton 21 Jul 2016 - 12:00 am

French designer Nicolas Ghesquiere appears at the end of his Fall/Winter 2016/2017 women's ready-to-wear collection show for Louis Vuitton in Paris, France, March...

Flipkart Brought Online Shopping to India. Then Amazon Showed Up 20 Jul 2016 - 04:09 pm

By Saritha Rai India isn’t an easy place to build an e-commerce company. The vast, multilingual nation suffers from creaky infrastructure, a sometimes...

VW profit tops forecast, but takes another dieselgate hit 20 Jul 2016 - 03:05 pm

The logos of German carmaker Volkswagen is seen at a VW dealership in the Queens borough of New York, September 21, 2015. (REUTERS/Shannon...

Kids leaving home doesn't always lead to parents saving more 20 Jul 2016 - 10:54 am

By ADAM ALLINGTON CHICAGO: Raising kids costs a lot of money, so when they finally strike out on their own it stands to...

Microsoft returns to profit one year after big loss 20 Jul 2016 - 12:00 am

Microsoft CEO Satya Nadella delivers the keynote address during the 2016 Microsoft Build Developer Conference on March 30, 2016 in San Francisco. AFP...

EU Commission sees possible UK recession next year after Brexit 19 Jul 2016 - 04:07 pm

BRUSSELS: Britain’s economy may slip into recession next year following the vote to quit the European Union, the European Commission estimated on Tuesday...

Asia embraces bullet trains as Singapore, Malaysia sign deal 19 Jul 2016 - 12:45 pm

Malaysia's Prime Minister Najib Razak (R) speaks as Singapore's Prime Minister Lee Hsien Loong (L) looks on during a joint press conference after...

Pokemon GO success calls for change at Nintendo 19 Jul 2016 - 12:38 am

Gamers use the Pokemon Go application on their mobiles in Beirut yesterday. By Makiko Yamazaki and Jeremy Wagstaff The phenomenal success of Pokemon...

SoftBank to buy Britain’s chip designer ARM in $32bn cash deal 19 Jul 2016 - 12:20 am

SoftBank CEO Masayoshi Son (left) and ARM Holdings Chairman Stuart Chambers coming out of 11 Downing Street in London yesterday, after a meeting...

Brexit spurs London start-ups to investigate Berlin move 18 Jul 2016 - 06:39 pm

Berlin to open fintech office in London in September Businesses attracted by access to single market -Berlin Partner London authority says will fight...