Business / World Business

Early days, but Apple Pay struggles outside US 03 Jun 2016 - 09:53 am

Signs are placed on a table to show how to pay using the Apple Pay service at an Apple store in Beijing. By...

Cutting corners? China SUV makers forego safety feature 03 Jun 2016 - 09:52 am

By Jake Spring In China’s booming sport utility vehicle (SUV) market, many automakers are selling cars without electronic stability control (ESC) as a...

UBS tells bankers ‘take two’ in bid to get the balance right 03 Jun 2016 - 09:51 am

By Anjuli Davies and Pamela Barbaglia Investment bankers at UBS can now take at least two hours of “personal time” a week in...

Ecuador quake to cost $3.4B in repairs 02 Jun 2016 - 09:56 am

By Senabri Silvestre SANTO DOMINGO, Dom. Rep.: Reconstruction from an earthquake in Ecuador in April will costs $3.4 billion, the country’s National Secretary...

Tourism spending jumps in Cyprus 01 Jun 2016 - 05:53 pm

Nicosia: The Mediterranean holiday island of Cyprus recorded a 24-percent hike in key tourism revenues in March, its highest monthly percentage rise this...

Australia to sell bitcoins confiscated as proceeds of crime 31 May 2016 - 12:23 pm

By ROD McGUIRK CANBERRA: About $13 million in bitcoins will be auctioned in Sydney in June after Australian police confiscated the digital currency...

ECB detects higher private-sector loan growth 31 May 2016 - 11:33 am

Frankfurt: Growth of loans to the private sector in the euro area picked up slightly in April, European Central Bank data showed on...

Net profit down 19 pct at scandal-hit VW in 1st quarter 31 May 2016 - 10:25 am

FRANKFURT: Volkswagen saw net profit fall 19 percent in the first quarter as it struggled to deal with a scandal over cars equipped...

Fiskars CEO hunts for brands to transform firm into major player 30 May 2016 - 01:24 am

A glass blower uses traditional methods to shape an Aalto style vase in the workshop at the Iittala glass factory, operated by Fiskars,...

Airbus agrees some A400M problems ‘home-made’ 30 May 2016 - 12:00 am

Frankfurt: Airbus chief Tom Enders conceded in a newspaper interview yesterday that some of the “massive problems” dogging the European airplane manufacturer’s new...

Nigeria's Buhari launches $2.5bn welfare program 29 May 2016 - 01:46 pm

Muhammadu Buhari, Nigeria's president, center, listens at a meeting with representatives of state during the Gas Exporting Countries Forum (GECF) summit in Tehran,...

McDonald’s protesters target annual meeting in $15 Fight 28 May 2016 - 12:00 am

This file photo taken on January 22, 2014 in Paris shows the logo of a US fast food restaurant Mac Donald's. A search...

Verizon strike seen lowering U.S. May payrolls by 35,000 jobs 28 May 2016 - 12:00 am

Tim Canova, Democrat Congressional Candidate for FL-23, joins CWA members, other South Florida union members and community activists at a Verizon protest on...

UK finance minister warns leaving EU would hurt pensions 27 May 2016 - 12:00 am

LONDON: British pensioners would be hundreds of pounds a year worse off if the country left the European Union, finance minister George Osborne...

Apple must outsource locally to open stores in India: report 25 May 2016 - 06:36 pm

(file photo / AFP) By Siddhartha Singh and Saritha Rai India’s finance minister has ratified a decision that Apple Inc. must meet local...

Microsoft to stop smartphone manufacturing, 1,850 jobs could go 25 May 2016 - 04:03 pm

Microsoft's Finnish headquarters in Espoo. (AFP / Lehtikuva / Vesa Moilanen) HELSINKI: Microsoft Corp announced more big cuts to its smartphone business on...

Taiwan says it has no schedule for resuming China trade talks 25 May 2016 - 12:46 pm

Taiwanese President Tsai Ing-wen speaks at a Democratic Progressive Party (DPP) meeting in Taipei, TaiwanMay 25, 2016. REUTERS/Tyrone Siu TAIPEI: Taiwan’s new government...