Business

Tesco parachutes in new finance head 24 Sep 2014 - 07:25 am

LONDON: Tesco rushed its new chief financial officer into place yesterday, trying to shore up a leadership team badly damaged by the accounting...

Apple set to shut down Beats music service 24 Sep 2014 - 07:24 am

SAN FRANCISCO: Apple is set to discontinue the Beats streaming music service it acquired earlier this year to focus on iTunes, the news...

Qatar infrastructure sector to benefit from BIM software 24 Sep 2014 - 07:24 am

DOHA: Qatar’s ambitious plans to roll out more than $200bn in infrastructure projects by 2022 will require advanced Building Information Modeling (BIM) software,...

Growth slows in eurozone as China picks up 24 Sep 2014 - 07:24 am

LONDON/BEIJING: Eurozone business growth dipped to a 2014 low in September as firms again cut prices, while factory activity in China picked up...

US manufacturing nears four and half year high 24 Sep 2014 - 07:23 am

NEW YORK: US manufacturing activity hovered at a near four and a half year high in September and factory employment surged, supporting views...

GM to open Cadillac headquarters in NY 24 Sep 2014 - 07:23 am

DETROIT: General Motors Co said its Cadillac brand will open a headquarters in New York next year in a move to remake the...

Dollar dips after 10-week rally 24 Sep 2014 - 07:23 am

SINGAPORE: The dollar slipped in Asia yesterday following a 10-week rally, while gains in the euro were capped by concerns about slackening European...

Jimmy Choo unveils London IPO 24 Sep 2014 - 07:23 am

LONDON: Shoemaker to the stars Jimmy Choo unveiled plans yesterday for a London stock market float valuing it at up to £800m ($1.3bn)...

Greece can exit bailout early: Premier 24 Sep 2014 - 07:22 am

BERLIN/ATHENS: Greek Prime Minister Antonis Samaras expects his country to exit its international bailout ahead of schedule, and to cover its own financing...

Barclays fined $62m for client fund failings 24 Sep 2014 - 07:22 am

LONDON: British bank Barclays was fined £38m ($62m) yesterday for exposing customers to unnecessary risks by failing to ensure client assets were properly...

Ukraine crisis risks recession in Europe: El Erian 24 Sep 2014 - 07:22 am

NEW YORK: Mohamed El Erian, the chief economic adviser at Allianz SE, warned that global markets do not fully appreciate the risk posed...

Serbia and IMF discussing 5pc cut in state administration 24 Sep 2014 - 07:21 am

BELGRADE: Serbia is discussing with the International Monetary Fund cutting the work force in the state administration by five percent, a minister was...

‘Qatar not a gas alternative to Russia’ 24 Sep 2014 - 03:27 am

BERLIN: Qatar has no plans to pitch in as an alternative supplier as Europe seeks to reduce its reliance on Russian gas, H...

Global financial reporting faces challenges 23 Sep 2014 - 06:56 am

EY’s annual International Financial Reporting Standards (IFRS) update seminar in Doha. DOHA: With big changes in International Financial Reporting Standards (IFRS), professionals preparing...

IR key for market performance 23 Sep 2014 - 06:54 am

Daniela Utane of JP Morgan at the seminar yesterday. Abdul Basit DOHA: Qatar Exchange (QE) and JP Morgan, in association with Middle East...

ECB may use more unconventional tools 23 Sep 2014 - 06:51 am

FRANKFURT: The European Central Bank stands ready to use additional unconventional tools and tweak its existing efforts to spur inflation and growth in...

French PM at Airbus headquarters 23 Sep 2014 - 06:49 am

Airbus CEO Fabrice Bregier (right) presents to French Prime Minister Manuel Valls (second left) a scale model of an Airbus A380 aircraft, during...

Strike at Amazon.de 23 Sep 2014 - 06:48 am

Workers and Verdi union members protest over pay and conditions outside the Amazon.de distribution centre in Bad Hersfeld yesterday. German warehouses of online...