Business / World Business

European industry commissioner demands action from VW 20 Jan 2016 - 01:45 am

Volkswagen boss to meet commissioner this week. Volkswagen declines to comment. European Commission to propose tougher regulation this month. By Barbara Lewis BRUSSELS:...

IMF cuts global growth forecast as China growth slows 19 Jan 2016 - 05:07 pm

By David Lawder WASHINGTON: The International Monetary Fund cut its global growth forecasts for the third time in less than a year on...

French carmaker Renault to recall 15,000 vehicles to check engines: Minister 19 Jan 2016 - 10:43 am

French minister of ecology, sustainable development and energy Segolene Royal Paris: French carmaker Renault, under the spotlight over high levels of harmful emissions,...

China 2015 growth slows to weakest for 25 years: Govt 19 Jan 2016 - 10:13 am

A migrant worker and a Chinese man walk passing by a construction site in central business district (CBD) of Beijing, China, 19 January...

Airbus, Uber team up for on-demand helicopter rides 18 Jan 2016 - 05:08 pm

Paris: European aircraft maker Airbus has said it is teaming up with global ridesharing service Uber to test plans for offering an on-demand...

Azerbaijan considers tighter currency controls to staunch losses 18 Jan 2016 - 04:08 pm

By Nailia Bagirova BAKU: Azerbaijan’s president, Ilham Aliyev, has ordered measures to support the economy and the ailing manat currency, including a possible...

Food aid, baobab on the menu as Zimbabwe struggles with drought 18 Jan 2016 - 12:01 pm

In this photo taken Thursday, Jan. 15, 2015, members of a family stand next to their grass-hut dwelling which was destroyed by the...

Amec Foster Wheeler says CEO Brikho steps down 18 Jan 2016 - 10:49 am

Amec Foster Wheeler Plc chief executive Samir Brikho Oil and gas services company Amec Foster Wheeler Plc said chief executive Samir Brikho is ...

China's yuan firms as central bank keeps pressure on speculators 18 Jan 2016 - 09:25 am

By Pete Sweeney and Samuel Shen SHANGHAI: China’s yuan firmed on Monday as the central bank announced what appeared to be its latest...

China growth slides to 25-year low in 2015: AFP survey 17 Jan 2016 - 04:02 pm

Workers chat outside a construction site in Beijing's central business district in this file photo. REUTERS Beijing: China recorded its lowest growth in...

Airbus plan heralds Iran boom after sanctions lifted 17 Jan 2016 - 02:35 pm

People are silhouetted past a logo of the Airbus Group during the Airbus annual news conference in Colomiers, near Toulouse January 13, 2015....

China launches new AIIB development bank as power balance shifts 16 Jan 2016 - 04:00 pm

Chinese Premier Li Keqiang speaks during the Inaugural Meeting of the Board of Governors of the Asian Infrastructure Investment Bank (AIIB) in Beijing...

U.S. sees jump in cyber attacks on critical manufacturers 16 Jan 2016 - 12:00 am

By Jim Finkle US Department of Homeland Security investigations of cyber attacks on the nation’s critical manufacturing sector nearly doubled in the year...

Chinese yuan slips amid global gloom, stocks stage late rally 14 Jan 2016 - 12:56 pm

A Chinese investor knits in front of screens showing share market developments at a securities brokerage house in Beijing, China, 14 January 2016. ...

EU warns Greece not to 'play games' with IMF 14 Jan 2016 - 08:10 am

Berlin: The EU's economic affairs commissioner on Wednesday called on Athens "not to play games" with the International Monetary Fund as the body...

Argentina's new government gives first inflation stats 14 Jan 2016 - 07:48 am

Buenos Aires: Argentina predicted Wednesday it will face inflation of around 20 percent this year, its first official inflation statistics under conservative President...

Kazakh central bank asset manager fired after saying oil fund in jeopardy 14 Jan 2016 - 12:00 am

ALMATY: Kazakhstan’s central bank fired the head of its investment management arm after he criticised the country’s authorities for drawing aggressively on the...