Business

GT Academy celebrates fifth year of training 22 Dec 2013 - 07:04 am

DUBAI: When GT Academy began five years ago, many people thought Nissan and PlayStation were crazy for believing they could turn a Gran...

Protest against inflation in San Francisco 22 Dec 2013 - 07:03 am

Protesters block a bus full of Apple employees during a protest against rising costs of living in San Francisco, California, yesterday.

South Korea may not finalise F-35 order 22 Dec 2013 - 06:59 am

WASHINGTON: South Korea is unlikely to finalise any orders for the Lockheed Martin Corp F-35 stealth fighter jet until the summer or fall...

Spain pushes part-time contracts in bid to create jobs 22 Dec 2013 - 06:58 am

MADRID: Spain’s centre-right government made rules on part-time jobs more attractive for employers and decreed other labour market reforms yesterday in a fresh...

EU takes Brazil to WTO over car taxes 22 Dec 2013 - 06:58 am

BRUSSELS: The EU launched a case against Brazil at the World Trade Organisation over the South American nation’s taxes on imports from cars...

Lenders ahead of liquidity rule: EU watchdog 22 Dec 2013 - 06:58 am

LONDON: The European Union’s top banks hold on average bigger cash-like buffers than required though some specialised lenders should get some leeway, the...

Europe oil refining guru back with growth plan 22 Dec 2013 - 06:57 am

LONDON: One of Europe’s most successful oil entrepreneurs, Marcel van Poecke, is back with a plan. Having made his name and fortune in...

Banks to repay €20.7bn of three-year loans: ECB 22 Dec 2013 - 06:57 am

FRANKFURT: Banks will return ¤20.7 billion euros of crisis loans early to the European Central Bank next week, the ECB said, much more...

Budget deal not to change US fiscal outlook 22 Dec 2013 - 06:55 am

Doha: The US Congress approved a two–year budget deal last week, further avoiding the spectre of another government shutdown. While this marks a...

Top executive of Infosys steps down 22 Dec 2013 - 06:55 am

NEW DELHI: A top executive of Infosys, tipped as a future chief executive of the outsourcing giant has resigned, the latest in a...

Peugeot begins operations in Vietnam 22 Dec 2013 - 06:53 am

Doha: Nine months after the signature at Ho-Chi-Minh City of a partnership agreement (for import, distribution and assembly), Peugeot and the Vietnamese Thaco...

Emirates boosts superjumbo fleet to 44 planes 22 Dec 2013 - 06:52 am

DUBAI: Dubai’s Emirates Airline announced it has boosted its fleet of Airbus A380s to 44 planes, taking delivery of another two of the...

Twin deficits drag British currency down 22 Dec 2013 - 06:51 am

LONDON: Sterling fell for a second straight day against the dollar, hurt by the UK’s biggest balance of payment shortfall in over two...

M&S fights British market with Saturday sale 22 Dec 2013 - 06:50 am

LONDON: Marks & Spencer, Britain’s biggest clothing retailer, attempted to drive Christmas trading by holding a rare one-day sale yesterday, cutting prices on...

Greece seals natural gas privatisation deal with Azeri firm 22 Dec 2013 - 06:50 am

ATHENS: Greece agreed yesterday to sell the operator of its natural gas grid operator to Azerbaijan’s state energy company, in a ¤400m deal...

Energy market outlook stable: Qatar, Saudi 22 Dec 2013 - 05:12 am

Qatar’s Minister of Energy and Industry H E Dr Mohammed Saleh Al Sada (fourth right), Saudi Arabia’s Oil Minister Ali bin Ibrahim Al...

Boeing production target 21 Dec 2013 - 06:07 am

A 787 Dreamliner being built is pictured at South Carolina Boeing final assembly building in North Charleston, South Carolina, yesterday. Boeing Co is...

US-China trade pact 21 Dec 2013 - 06:07 am

China’s Vice-Premier Wang Yang (right) with US Secretary of Commerce Penny Pritzker after Chinese and US officials signed agreements during the 24th China-US...