Business / World Business

Jin Jiang doesn't check into AccorHotels board 13 Jul 2016 - 12:00 am

A picture taken at AccorHotels headquarters in Issy-les-Moulineaux, near Paris on July 12, 2016 shows the logo of the French hotel operator. AFP...

Airbus slows production of A380 13 Jul 2016 - 12:00 am

London: Airbus announced Tuesday that it was halving production of its A380 superjumbo aircraft to one a month from 2018 to reflect reduced...

Magic Leap ramps up production for new type of virtual reality 13 Jul 2016 - 12:00 am

Still from a Magic Leap demo video ASPEN, Colo.: Magic Leap, a startup backed by technology powerhouses including Google and Alibaba that has...

India's Go Air inks preliminary $7.7bn Airbus jet deal 12 Jul 2016 - 05:29 pm

(File Photo: Reuters) Farnborough, United Kingdom: Indian low-cost airline Go Air signalled Tuesday its intention to buy 72 Airbus A320neos worth $7.7 billion...

Singapore is safest country to do business: New Pinkerton index 12 Jul 2016 - 05:04 pm

According to a new report Singapore is the safest nation to do business. (Photo: Reuters) By Nick Carey CHICAGO: Singapore is the safest...

Porsche enjoys a successful first half of 2016; China tops 12 Jul 2016 - 04:21 pm

Detlev von Platen, Member of the Executive Board, Sales and Marketing Dubai: With 117,963 new vehicle deliveries worldwide, Dr. Ing. h.c. F. Porsche...

OPEC sees tighter 2017 oil market, Brexit drag on economy 12 Jul 2016 - 03:19 pm

LONDON: OPEC on Tuesday was upbeat on the oil market outlook for 2017, saying global demand for its crude would be higher than...

Pokemon Go hit underscores Nintendo’s potential in mobile gaming 11 Jul 2016 - 02:59 pm

By Pavel Alpeyev and Yuji Nakamura Nintendo Co. hasn’t fully embraced the world of mobile gaming, but the early success of Pokemon Go...

Thyssenkrupp in talks with Tata about steel plants 11 Jul 2016 - 12:49 am

A plant and blast furnace of ThyssenKrupp Steel Europe AG in Duisburg. London: Thyssenkrupp, Germany’s biggest steelmaker, confirmed yesterday that it is in...

G20 nations pledge to boost trade 11 Jul 2016 - 12:46 am

Participants attend the G20 Trade Ministers Meeting in Shanghai. Shanghai: The world’s top 20 economies will work to boost sluggish global trade despite...

China, India eye Asian Century as Brexit rattles old order 10 Jul 2016 - 11:45 am

people doing morning exercises in front of the skyline of the Lujiazui Financial District in Pudong in Shanghai. (AFP / JOHANNES EISELE/ File...

Bitcoin ‘miners’ face fight for survival 10 Jul 2016 - 12:00 am

Bitcoin mining computers are pictured in Bitmain’s mining farm near Keflavik, Iceland. By Jemima Kelly Marco Streng is a miner, though he does...

Take a deep breath, India, and switch to electric cars 09 Jul 2016 - 11:27 am

Tesla model 3 electric car By David Fickling India: Prime Minister Narendra Modi, faced with the world's fastest growth in oil consumption, has...

China vows to act with G20 partners to boost world trade 09 Jul 2016 - 09:49 am

China's Commerce Minister Gao Hucheng (lower C) attends the opening ceremony of the G20 Trade Ministers Meeting in Shanghai on July 9, 2016....

Striking Wal-Mart workers in China return to work - for now 08 Jul 2016 - 01:53 pm

Pedestrians walk past a signboard of Wal-Mart at its branch store in Beijing, China, October 15, 2015. REUTERS/Kim Kyung-Hoon/File Photo SHANGHAI/CHICAGO: Workers striking...

Fog of Brexit clouds clarity for central banks 08 Jul 2016 - 12:00 am

The US Federal Reserve building in Washington, DC. By Howard Schneider and Ann Saphir For much of this year, the dollar, oil prices,...

Property firm warns on Brexit threat to London economy 07 Jul 2016 - 10:48 am

Britain's real estate market has emerged as one of the hardest hit sectors. AFP London: London-focused property firm Great Portland Estates warned Thursday...

Danone aims for organic top spot with US takeover of WhiteWave Foods 07 Jul 2016 - 10:15 am

Yoghurt by French foods group Danone is seen on shelves at a Carrefour hypermarket in Nice, France. Reuters/Eric Gaillard/File Photo Paris: French dairy...