Business / World Business

Gold hits all-time high record as momentum builds on US rate bets 06 Mar 2024 - 12:13 am

Gold jumped to an all-time high, as speculation over a Federal Reserve pivot and geopolitical risks underpinned the precious metal’s rally. Bullion rose...

Bezos dethrones Musk to reclaim title of world's richest man 05 Mar 2024 - 03:08 pm

Washington: Amazon founder Jeff Bezos took back his spot as the world's richest man on Monday, dethroning Elon Musk on the Bloomberg Billionaires...

Adidas sells another batch of Yeezy sneakers left over from breakup with Ye 26 Feb 2024 - 07:48 pm

FRANKFURT, Germany: Shoe and sports clothing maker Adidas said on Monday it had started a third sale of the Yeezy sneakers it was...

Dollar rangebound, an array of PMI data awaited 23 Feb 2024 - 11:37 am

Singapore:The dollar held broadly steady yesterday as traders awaited a slew of business activity surveys to gauge the health of major economies and...

Volkswagen to recall 261,000 cars to fix pump problem that can let fuel leak and increase fire risk 22 Feb 2024 - 06:10 pm

Volkswagenis recalling more than 261,000 cars in the U.S. to fix a potential fuel leak that can increase the risk of fires. The...

Salaries expected to increase in Saudi Arabia for 2024: Report 16 Feb 2024 - 09:00 pm

Doha, Qatar: A recently released report indicates that salaries in Saudi Arabia are set to see an average rise of 6% this year....

Hyundai Motor fast-tracks US EV plant to 2024 16 Feb 2024 - 11:54 am

Doha, Qatar: Hyundai Motor Group has once again moved up the launch of its new US plant solely dedicated to producing electric vehicles...

Renault bounces back in 2023 with net profit of €2.2 billion 14 Feb 2024 - 10:00 pm

Paris: French automaker Renault on Wednesday said it had bounced back into profit in 2023 as sales rose due to new models and...

Sony hikes net profit forecast, will list financial services unit 14 Feb 2024 - 11:15 am

Tokyo: Japan's Sony upgraded its annual net profit forecast on Wednesday and said it would list its financial services division on the stock...

Hermes celebrates record profit with staff bonuses 09 Feb 2024 - 02:14 pm

Paris: French luxury giant Hermes posted on Friday record annual sales and net profit, with plans to reward all employees worldwide with a...

Stocks drift lower as early rate cut hopes fade 05 Feb 2024 - 06:09 pm

London: Global stocks mostly fell on Monday following comments by Federal Reserve boss Jerome Powell which shattered any remaining hopes for a March...

Boeing says new problem found in 737 could slow deliveries 05 Feb 2024 - 08:29 am

New York: US aircraft manufacturer Boeing said Sunday it has learned of new problems with the fuselage of its flagship 737 model which,...

Controversial podcast host Joe Rogan signs a new deal with Spotify for up to a reported $250 million 03 Feb 2024 - 08:20 pm

New York: Spotify has penned a new multi-year partnership deal with controversial podcast host Joe Rogan, whose enormously popular show will soon also...

Did Australian invent bitcoin? UK court examines claim 02 Feb 2024 - 06:34 pm

London: A court case starting in London on Monday will seek to determine whether Australian computer scientist Craig Wright invented bitcoin, the world's...

Gulf Air resumes flights to four destinations 02 Feb 2024 - 01:09 pm

Doha, Qatar:Gulf Air, the national carrier of the Kingdom of Bahrain, has announced the resumption of its flights to four destinations during the...

Bank of England freezes rate as inflation stays high 01 Feb 2024 - 04:34 pm

London: The Bank of England froze its key interest rate Thursday for a fourth meeting in a row, matching US Federal Reserve policy,...

China overtakes Japan as world's biggest vehicle exporter 31 Jan 2024 - 11:42 am

Tokyo: China's global dominance in electric cars helped it overtake Japan as the world's biggest vehicle exporter last year, official data confirmed Wednesday....