Business

Strike at Amazon.de 23 Sep 2014 - 06:48 am

Workers and Verdi union members protest over pay and conditions outside the Amazon.de distribution centre in Bad Hersfeld yesterday. German warehouses of online...

Accounting error: Tesco suspends UK chief 23 Sep 2014 - 06:48 am

LONDON: Tesco cut its profit forecast for the third time in two months and suspended its UK boss with three other executives after...

Global funds woo Qatar after upgrade 23 Sep 2014 - 06:45 am

By Satish Kanady DOHA: World’s top fund managers, who never bothered to look at Qatar until recently, has started showing interest in Qatar...

MSCI impact: Barwa shares up over 50pc 23 Sep 2014 - 06:44 am

DOHA: Real estate major Barwa’s shares surged more than 50 percent in August, manly after its inclusion in MSCI index. The average number...

Apple sells more than 10m iPhones in 3 days 23 Sep 2014 - 06:44 am

New York: Apple Inc said it sold more than 10 million iPhones in the first weekend (three days) after its new models went...

Siemens to buy Dresser-Rand to tap shale gas 23 Sep 2014 - 06:32 am

FRANKFURT: Germany’s Siemens has agreed to buy US oilfield equipment maker Dresser-Rand for $7.6bn in cash, aiming to catch up with arch-rival General...

Nissan to make luxury cars in new China venture 23 Sep 2014 - 06:31 am

BEIJING: Japanese carmaker Nissan said that it has formed a new joint venture with its Chinese partner Dongfeng to produce Infiniti luxury cars...

GCC power grid prevents outages 23 Sep 2014 - 06:30 am

DOHA: Ever since its inception in 2009, the GCC power grid has helped prevent more than a thousand power outages in the region,...

Bosch in €3bn buyout of Siemens home appliance JV 23 Sep 2014 - 06:30 am

BERLIN: Bosch announced yesterday it was buying out fellow German conglomerate Siemens from their home appliance joint venture for €3bn ($3.9bn). Siemens said...

Argentina asks US bank to return debt money 23 Sep 2014 - 06:28 am

BUENOS AIRES: The Argentine government ordered Bank of New York Mellon yesterday to give it back $539m frozen in connection with the country’s...

Investors plan $50bn fossil fuel divestment 23 Sep 2014 - 06:28 am

WASHINGTON: The Rockefellers, who made their vast fortune on oil, and other philanthropies and high-wealth individuals will announce pledges to divest a total...

QCB governor to visit China 23 Sep 2014 - 06:28 am

Doha: Governor of Qatar Central Bank (QCB) H E Sheikh Abdullah bin Saud Al Thani will leave Doha tomorrow for Beijing at the...

Oil falls below $98 on low demand, ample supply 23 Sep 2014 - 06:28 am

LONDON: Brent crude oil fell below $98 a barrel yesterday, dropping for the third session in four, as sluggish demand and ample supplies...

Govt undertaking a number of complex mega projects: Al Sada 23 Sep 2014 - 03:58 am

H E Dr Mohamed bin Saleh Al Sada (second right), the Minister of Energy and Industry, talking to President and General Manager of...

Air France suspends low-cost plan 23 Sep 2014 - 12:36 am

Chairman and CEO of Air France-KLM Alexandre de Juniac (left) and Air France CEO Frederic Gagey attend a news conference in Paris on...

QE loses 18.41 points after bourse upgrade 23 Sep 2014 - 12:31 am

Doha: Qatar Exchange dropped slightly by 18.41 points, or 0.13 percent, when the bourse closed at 14,117.77 points yesterday, the first day of...

Abu Dhabi bourse in talks over four potential IPOs 23 Sep 2014 - 12:27 am

DUBAI: Abu Dhabi Securities Exchange (ADX) is in discussions with four companies about listing on the index, with two potentially taking place before...

Russia to replace Western firms with Asian ones if they quit: Minister 23 Sep 2014 - 12:23 am

MOSCOW: Asian companies will replace Western majors if they quit energy projects in Russia due to sanctions over Moscow’s role in Ukraine, Natural...