Business

Bitcoin pioneer calls for EU regulatory guidance 06 Jul 2014 - 01:10 am

BRUSSELS: Europe should update its laws to reflect the rise of digital currencies, the head of a bitcoin start-up said, after a successful...

Qatar’s growth momentum to pick up further: QNB 06 Jul 2014 - 12:45 am

DOHA: Qatar’s real GDP growth will continue to pick up during 2014 and in 2015-16, the growth is expected to rise to an...

Italy attacks Bundesbank over risks to eurozone 06 Jul 2014 - 12:43 am

London: Matteo Renzi, the Italian prime minister, launched a scathing attack on Germany’s powerful central bank yesterday, telling it to stop meddling in...

Apple poaches another luxury executive for iWatch 06 Jul 2014 - 12:43 am

PARIS: Apple has poached a senior executive from Swiss luxury watch brand Tag Heuer, which could be to help it with the launch...

Call for capital markets union in EU 06 Jul 2014 - 12:43 am

TEHRAN: A US company has signed a preliminary agreement to invest $1.18bn (€864m) in Iran, in a rare joint commercial project to turn...

Mexico moves closer to new telecoms laws 06 Jul 2014 - 12:36 am

MEXICO CITY: Mexico’s Senate gave its general approval to legislation needed to implement a reform of the phone and TV markets that seeks...

Argentina gets set for debt talks by calling US judge biased 06 Jul 2014 - 12:35 am

BUENOS AIRES: Argentina accused a US judge of being biased in favour of hedge funds that have sued the South American country for...

South African strike hits GM, business as usual at Toyota 06 Jul 2014 - 12:34 am

JOHANNESBURG/CAPE TOWN: General Motors suspended production at its main South African plant after a strike hit parts supplies, the US automaker said on...

Dubai plans to build world’s biggest mall 06 Jul 2014 - 12:34 am

DUBAI: Dubai is launching a project to build an entertainment and hotel district that will include the world’s largest shopping mall, the emirate’s...

Deflation risk has been avoided: ECB 06 Jul 2014 - 12:33 am

AIX-EN-PROVENCE: European Central Bank (ECB) policymaker Christian Noyer said yesterday it seemed that the risk of deflation had been avoided in euro currency...

Measures will push inflation up: ECB 05 Jul 2014 - 06:10 am

ECB President Mario Draghi (right) and Vice-President Vitor Constancio at the monthly news conference in Frankfurt. FRANKFURT: A raft of policy measures introduced...

US now world’s biggest oil producer 05 Jul 2014 - 06:04 am

LONDON: The US will remain the world’s biggest oil producer this year after overtaking Saudi Arabia and Russia as extraction of energy from...

Air Asia India unveils new routes 04 Jul 2014 - 11:08 pm

Chairman Emeritus of the Tata Group and Air Asia India stakeholder Ratan Tata (centre) looks on during an Air Asia India launch event...

BAE Systems’ aircraft carrier 04 Jul 2014 - 11:07 pm

Caption Workers operate a cherry picker in front of HMS Queen Elizabeth, the first of two aircraft carriers being built by British defence...

New Volkswagen Passat 04 Jul 2014 - 11:06 pm

The new Volkswagen Passat is introduced during a ceremony in Potsdam. At about €26,000 ($35,500), it will be priced only slightly above the...

Total to explore shale gas in Denmark 04 Jul 2014 - 11:04 pm

OSLO: Total plans to drill Denmark’s first test wells for shale gas in December or January, the French energy firm said, following its...

GOIC to hold training on SME credit risks 04 Jul 2014 - 11:03 pm

Doha: The Gulf Organisation for Industrial Consulting (GOIC) will hold a training course on “credit risks in the small and medium enterprises and...

GM switch complaints began 17 years ago 04 Jul 2014 - 11:03 pm

DETROIT: General Motors car owners have been complaining to dealers about defective ignition switches since 1997, years before the automaker launched the Chevrolet...