Business / World Business

Poland seizes Gazprom share in Yamal pipeline section 14 Nov 2022 - 06:43 pm

Warsaw: The government in Warsaw said on Monday it was seizing Gazprom's share in EuRoPol Gaz, the company that owns the Polish section...

Collapsed crypto exchange FTX hit by rogue transactions 12 Nov 2022 - 06:00 pm

Hong Kong/Singapore/ London: Crypto exchange FTX was engulfed in further chaos on Saturday when the company said it had detected unauthorized transactions and...

Musk warns of Twitter bankruptcy as more senior executives quit 11 Nov 2022 - 07:32 pm

Twitter Inc's new owner Elon Musk on Thursday raised the possibility of the social media platform going bankrupt, capping a chaotic day that...

'Tasty and that's it': McDonald's to be rebranded in Belarus 11 Nov 2022 - 07:25 pm

McDonald's restaurants in Belarus are set to be rebranded under a deal made public on Friday, five months after the U.S. fast food...

IKEA offers cash, larger discounts to help staff weather soaring living costs 10 Nov 2022 - 05:34 pm

Stockholm: IKEA retailer Ingka Group is launching a 10 million euro ($10m) social fund and bigger staff discounts to support employees struggling to...

Amazon becomes world’s first public company to lose $1 trillion in market value 09 Nov 2022 - 11:11 pm

Amazon.com Inc. is the world’s first public company to lose a trillion dollars in market value as a combination of rising inflation, tightening...

Meta will begin laying off employees on Wednesday morning - WSJ 09 Nov 2022 - 12:28 am

California: Meta Platforms Inc will begin laying off employees on Wednesday morning, Chief Executive Mark Zuckerberg told hundreds of executives on Tuesday, the...

Tesla recalls more than 40,00 vehicles over power steering issue 08 Nov 2022 - 11:18 pm

Washington: Tesla issued a recall in the United States to just over 40,000 vehicles for a possible problem in the electric power steering...

Pandemic-era cooking staple takes hit as Americans go out more 08 Nov 2022 - 08:51 pm

Aluminum foil, which got a boost from more at-home dining during the early stages of the pandemic when many eateries closed, is having...

Oman energy minister sees oil prices going down after winter 08 Nov 2022 - 08:08 pm

SHARM EL-SHEIKH, Egypt: Oman's energy minister Salim al-Aufi said on Tuesday he saw oil prices coming down from the range of $90 a...

Ukraine wants grain deal expanded, eyes decision next week 08 Nov 2022 - 06:24 pm

KYIV: Ukraine wants the Black Sea grain export deal expanded to include more ports and goods, and hopes a decision to extend the...

Turkish cenbank tells banking execs is sticking with its policies despite criticism 08 Nov 2022 - 05:28 pm

Ankara: The Turkish Central Bank is telling top bank executives in ongoing talks that it will continue decisively with market regulating policies that...

Apple trims new iPhone output by 3 million units as demand cools 07 Nov 2022 - 06:27 pm

Apple Inc. expects to produce at least 3 million fewer iPhone 14 handsets than originally anticipated this year, according to people familiar with...

Large hydrocarbon deposit discovered off Angolan coast 07 Nov 2022 - 05:11 pm

Luanda: A large hydrocarbon deposit has been discovered off the shore of Angola's capital Luanda at a site operated by American firm ExxonMobil,...

Ryanair hails 'very strong' recovery with record summer profit 07 Nov 2022 - 04:58 pm

DUBLIN: Ryanair on Monday posted its largest ever profit for its key summer season and said it expected very strong passenger and fare...

Twitter now asks some fired workers to please come back 06 Nov 2022 - 11:12 pm

New York: Twitter Inc., after laying off roughly half the company on Friday following Elon Musk’s $44bn acquisition, is now reaching out to...

Kenya transport minister threatens striking pilots with disciplinary action 06 Nov 2022 - 06:35 pm

Nairobi: Kenya's Transport Minister Kipchumba Murkomen threatened Kenya Airways pilots with disciplinary action unless they ended their strike, which on Sunday forced fresh...