Business / World Business

VW dealers in Germany not obliged to take back diesel cars, court rules 16 Mar 2016 - 06:59 pm

Reuters file photo Frankfurt: Volkswagen dealers in Germany are not obliged to take back cars equipped with the emissions-cheating software at the centre...

The rise and fall of Spanish renewable energy giant Abengoa 16 Mar 2016 - 05:44 pm

Towers belonging to the Abengoa solar plant are seen at the "Solucar" solar park in Sanlucar la Mayor, near the Andalusian capital of...

Britain cuts growth outlook in annual budget 16 Mar 2016 - 03:57 pm

British Finance Minister George Osborne poses for pictures with the Budget Box as he leaves 11 Downing Street in London, on March 16,...

Russia, Malaysia establish business council 16 Mar 2016 - 02:10 pm

Kuala Lumpur: Russia's Business Council for Cooperation with Malaysia (BCCM) and the Asian Strategy & Leadership Institute (ASLI) established the Russia-Malaysia Business Council....

S. Korea's SK telecom to build nationwide network 16 Mar 2016 - 02:07 pm

Seoul: South Korea's top mobile carrier SK Telecom Co. said Wednesday it will establish a nationwide network of the Internet-of-Things (IoT) by the...

German women earn one fifth less than men: data 16 Mar 2016 - 02:01 pm

reuters Frankfurt: Women in Germany earn around one fifth less than men, a wider gap than the European average, but the shortfall is...

Deutsche Boerse, LSE agree to go ahead with planned merger 16 Mar 2016 - 10:28 am

File picture of London Stock Exchange in the City of London, Britain. REUTERS/TOBY MELVILLE/FILES Frankfurt: Frankfurt stock exchange operator Deutsche Boerse said Wednesday...

Alibaba to train one million teenagers to take e-commerce to rural areas 15 Mar 2016 - 05:56 pm

Photo: IANS Beijing: Alibaba reached an agreement on Tuesday with the China Communist Youth League, a CPC reserve force, to train one million...

Man in Manila gets $30 million cash from cyber heist; Bangladesh central bank gov quits 15 Mar 2016 - 04:57 pm

Members of the Volunteers Against Crime and Corruption (VACC) escort Maia Santos Deguito (C), a branch manager of the Rizal Commercial Banking Corp...

Sri Lanka's economy slows as tea party ends 15 Mar 2016 - 02:53 pm

Colombo: Sri Lanka's economic growth slowed slightly to 4.8 percent last year due to a fall in exports of its main commodity, tea,...

Munich Re says CEO to step down next year 15 Mar 2016 - 02:06 pm

Frankfurt: Munich Re, the world's biggest reinsurer, said Tuesday that its chief executive Nikolaus von Bomhard is stepping down next year after 13...

Avon to cut jobs, shift headquarters to UK 15 Mar 2016 - 12:17 pm

The Avon Products headquarters is seen in midtown Manhattan area of New York, June 21, 2013. REUTERS/BRENDAN MCDERMID Cosmetics maker Avon Products Inc...

Standard Bank economist resigns after controversial Twitter comment 15 Mar 2016 - 11:32 am

Businessmen chat in front of a Standard Bank logo in Sandton outside Johannesburg. Reuters JOHANNESBURG: South Africa's Standard Bank said an economist who...

Bangladesh central bank governor quits over $81m heist 15 Mar 2016 - 10:10 am

Bangladesh's central bank Governor Atiur Rahman poses inside his office in Dhaka, October 2, 2013. REUTERS/ANDREW BIRAJ Dhaka: Bangladesh's central bank chief resigned...

OPEC output falls despite Iran return more crude 14 Mar 2016 - 06:51 pm

Iran, which has the world's second-largest crude reserves, pumped out 3.1 mbpd in February, up from 2.9 in January, according to OPEC. Reuters...

Chinese coal miners strike over wages, layoffs 14 Mar 2016 - 09:05 am

AFP /Fred Dufour/ File photo Beijing: Thousands of miners in China's coal-rich north have gone on strike over months of unpaid wages and...

British finance minister flags budget cuts 13 Mar 2016 - 03:07 pm

File photograph shows British Finance Minister Osborne smiling during a meeting with his Italian counterpart Pier Carlo Padoan (unseen) in Rome, Italy, February...