Business / World Business

United Auto Workers, General Motors reach contract agreement 26 Oct 2015 - 09:19 am

United Auto Workers President Dennis Williams speaks as General Motors CEO Mary Barra, background left, listens during a ceremony to mark the opening...

Zara owner Amancio Ortega tops Forbes list for first time 24 Oct 2015 - 05:39 pm

MADRID, Oct 23 (Reuters) - Amancio Ortega, who transformed clothing group Inditex from a tiny family dressmaker into Spain's biggest company, briefly overtook...

China central bank sees "very normal" growth of 6-7% in next few years 24 Oct 2015 - 12:28 pm

By Koh Gui Qing BEIJING: China will be able to keep economic growth at around 6-7 percent annually over the next three to...

European stocks rally on stimulus hope 24 Oct 2015 - 12:02 am

A businessman passes before a share prices board in Tokyo yesterday. Japan’s share prices rose 389.43 points to close at 18,825.30 points at...

Airlines try to win passengers' hearts by keeping them better informed 23 Oct 2015 - 03:45 pm

By Victoria Bryan HAMBURG: Airlines want to keep their passengers better informed from the moment they leave home, going beyond simple flight delay...

British banks spared worst outcomes in competition probe 23 Oct 2015 - 12:00 am

A customer uses an automated teller machine outside a branch of Barclays in London yesterday after Competition and Markets Authority released its provisional...

Google invests in Chinese artificial intelligence firm 21 Oct 2015 - 06:24 pm

WASHINGTON: Google has taken a stake in a Chinese artificial intelligence startup which is aiming to develop smart wearable technologies, the companies said...

Uber invests big in China in face of fierce rival 21 Oct 2015 - 05:08 pm

SAN FRANCISCO: The head of Uber on Tuesday said the ride-sharing firm has spent a billion dollars to gain traction in China, where...

Coca-Cola earnings hit by strong dollar 21 Oct 2015 - 05:01 pm

NEW YORK: Coca-Cola reported lower third-quarter earnings Wednesday in results dented by the strong dollar and lower soda volumes in the critical North...

VW halts sale of new cars in Europe 21 Oct 2015 - 03:13 pm

FRANKFURT: Volkswagen has stopped the sale within the European Union of new cars that contain software the can cheat diesel emissions tests, a...

Starbucks, Fiat ordered to pay huge EU back taxes 21 Oct 2015 - 02:32 pm

European commissioner for competition Margrethe Vestager holds a press conference on the EU decision to set out a template for recovering unpaid taxes...

Tougher times ahead for Islamic finance as core markets slow 20 Oct 2015 - 06:31 pm

A customer walks towards a branch of the DBS bank in Singapore By Bernardo Vizcaino A decision by DBS Bank to wind down...

Insight: Wal-Mart puts the squeeze on suppliers to share its pain as earnings sag 19 Oct 2015 - 04:36 pm

By Nathan Layne Suppliers of everything from groceries to sports equipment are already being squeezed for price cuts and cost sharing by Wal-Mart...

Volkswagen considers cutting temporary worker numbers -works council 17 Oct 2015 - 06:53 pm

Workers clean a Volkswagen logo at a dealership near the Andalusian capital of Seville, southern Spain, on October 16. BERLIN: Volkswagen is considering...

Jury hits Apple with $234m tab in chip patent case 17 Oct 2015 - 10:26 am

SAN FRANCISCO: A US jury on Friday declared that Apple owes $234 million in damages for infringing on mobile chip technology patented by...

Gold hits 3-1/2 month high on talk of delay to Fed rate hike 14 Oct 2015 - 02:46 pm

By Jan Harvey LONDON: Gold steadied near 3-1/2 month highs on Wednesday as concerns over deflationary pressures in China fuelled expectations the Federal...