Business

Bank depositors in Cyprus to lose 60pc savings 31 Mar 2013 - 01:14 am

Cyclists gather at Eleftheria square in front of a branch of the Bank of Cyprus in Nicosia yesterday. NICOSIA: Major depositors in Cyprus’s...

Mobile shines in exploding world of games 31 Mar 2013 - 01:13 am

SAN FRANCISCO: The booming popularity of play on smartphones or tablet computers in a realm once dominated by videogame consoles was a hot...

Qatar’s QR13.4bn worth projects win Meed Quality Awards 31 Mar 2013 - 01:13 am

DOHA: The 2013 Meed Quality Awards for Projects, in association with Ernst & Young, have announced Qatar ‘National Winners’ of the GCC-wide awards...

UK strengthens economic ties with GCC 31 Mar 2013 - 01:12 am

Doha: The UK economy is still struggling to recover from the effects of the global economic crisis in 2008-09. Nonetheless, its importance as...

Hainan Rendezvous 31 Mar 2013 - 01:11 am

Attendants wait for potential clients at the Rolls Royce stand at Hainan Rendezvous, a trade show targeting China’s super rich in Sanya, Hainan...

Dell sees buyout proposals risky 31 Mar 2013 - 01:11 am

NEW YORK: Dell Inc warned that it would be dangerous to take on a lot of debt and remain a public company given...

Gas from Israel’s Tamar field starts flowing 31 Mar 2013 - 01:11 am

JERUSALEM: Natural gas from the Tamar field off Israel’s Mediterranean shores began flowing yesterday, the head of a partner in the field said...

War clouds over industry 31 Mar 2013 - 01:10 am

North Korean workers producing clothes in a South Korean textile factory in the North Korean industrial complex Kaesong. Amid heightened tensions between North...

Argentina presents conditions for repayment of debts 31 Mar 2013 - 01:10 am

NEW YORK: Argentina offered to repay its debt to two New York hedge funds with cash and new bonds on conditions similar to...

Public spending to push UAE economy up 31 Mar 2013 - 01:10 am

Abu Dhabi: High public spending due to strong oil prices will ally with the UAE’s position as a safe haven for investments to...

Belgium agrees to asset sales to meet EU demands 31 Mar 2013 - 01:09 am

BRUSSELS: Belgium agreed to make ¤1.4bn ($1.8bn) of savings and to sell ¤1bn of state-owned assets yesterday, as it strives to meet EU...

US home prices improve 31 Mar 2013 - 01:09 am

A home with a sign, ‘Sale Pending’ in Oakland, California, yesterday. Home prices in the San Francisco Bay Area rose 17.5 percent in...

Vedanta copper plant to close down 31 Mar 2013 - 01:09 am

Chennai: The Tamil Nadu Pollution Control Board (TNPCB) ordered closure of the Tuticorin copper smelting plant of Sterlite Industries, part of Vedanta Resources...

China ‘resolutely opposes’ US curbs on IT imports: Report 31 Mar 2013 - 01:08 am

BEIJING: China expressed “resolute opposition” and “strong dissatisfaction” with a new US cyber-espionage rule limiting imports of Chinese-made information technology products, state media...

UPS to pay $40m for illegal shipments 31 Mar 2013 - 01:08 am

NEW YORK: UPS agreed to forfeit $40m and implement a compliance programme after a Department of Justice probe found the company delivered drugs...

California leads in green technology 29 Mar 2013 - 11:19 pm

Giant wind turbines are powered by strong winds in Palm Springs, California. According to reports, California continues to lead the nation in green...

Qatari investors to buy 100pc of Printemps 29 Mar 2013 - 11:18 pm

PARIS: Qatari investors are set to buy 100 percent of French department store Printemps, official documents seen by Reuters show. The tourist shopping...

China, Congo sign slew of deals 29 Mar 2013 - 11:17 pm

Congolese President Denis Sassou Nguesso (right) and his wife Antoinette (second right) welcome China’s new President Xi Jinping (second left) and and his...