Business

BY MOHAMMAD SHOEB DOHA: With the recent acquisition of C-SAM Inc, a leading provider of mobile wallet and on-device software and services, MasterCard...

Dave Mitchell purchases bitcoin in Boston. The website of bitcoin exchange MtGox went down yesterday amid reports of millions of dollar theft of...

A Tesla Model S electric car on display. The Tesla Model S was named by Consumer Reports magazine yesterday as its overall top...

Employees of Germany’s top steelmaker ThyssenKrupp arrive for a protest rally at their headquarters in Essen yesterday. Hundreds of protesters demonstrated against job...

Airbus Tianjin’s General Manager Andreas Ockel (left) with French Foreign Minister Laurent Fabius at the Airbus factory in Tianjin.

Workers are reflected in the windows of the Canary Wharf offices of JP Morgan in London. JPMorgan Chase & Co, the largest US...

Railway workers from several EU member countries demonstrate against the European Rail Package in front of the European Parliament in Strasbourg yesterday.

DOHA: United Development Company (UDC) recorded revenue of QR 2.08bn for the year 2013. The company’s net profit for the full reached to...

LONDON: Qatar’s telecommunications firm Ooredoo has approached banks for a syndicated loan of up to $1bn that will refinance existing debt, banking sources...

NEW DELHI: India has decided to block investigations by the United States into its trade policies and patent laws, and prepare for a...

MUMBAI: Indian drugmaking giant Ranbaxy Laboratories said yesterday it was suspending shipments from two of its plants following US import bans on its...

Doha: Lexus yesterday announced a steady increase in Middle East sales in 2013 with a more than 19 percent rise by selling 37,284...

BRUSSELS: Germany is set to accelerate away from France and Italy in 2014 as the fragmented eurozone economy gradually recovers from its worst...

DUBAI: The outlook for Egypt’s banking system is negative because of political instability and banks’ increasing exposure to the indebted government, Moody’s Investors...

FRANKFURT: Bank card fraud rose for first time in four years in 2012, largely due to Internet fraud, data compiled by the European...

MOSCOW: The Brics bloc of emerging economies will set up its development bank with a total capital of $100bn within five years, but...

BEIJING/HONG KONG: China’s corporate debt has hit record levels and is likely to accelerate a wave of domestic restructuring and trigger more defaults,...

LONDON: Oil exports from Iraq’s southern terminals have jumped by more than 300,000 barrels per day (bpd) so far in February, according to...