Hungary 2016 budget deficit may be below 2% target: Economic minister
BUDAPEST: The year has got off to a good start as far as the budget is concerned and it is...
Port of Oakland plans for imminent end of 2nd-largest terminal
OAKLAND: The Port of Oakland will likely spend at least $1.5 million redirecting shipping containers to other terminals after its...
Associated British Ports invests to expand Scottish ports
WASHINGTON: Associated British Ports (ABP) has acquired 3.1 acres of commercial property strategically located adjacent to the Port of Ayr,...
Customs seizes 125kg of Norwegian coins
OSLO: A Chinese tourist was stopped at Oslo Airport with four burlap sacks filled with 125 kilos of Norwegian coins,...
India likely to spend $1 trillion on power by 2030
SYDNEY: India is expected to spend a whopping $1 trillion (about Rs 65 lakh crore) by 2030 on ramping up...
Greek industrial output rises 5.2% in Dec
ATHENS: Greek industrial output rose 5.2 percent in December compared to the same period in 2014, after an upwardly revised...
Philippines police seize 3kg “shabu,” worth P10 million
MANILA: Police arrested seven persons and seized three kilos of methamphetamine hydrochloride, or “shabu,” worth P10 million in a buy-bust...
CBSA seizes over 14 kg of meth in Southern Alberta
OTTAWA: Canada Border Service Agency (CBSA) found 14.5 kilograms of suspected meth after a routine secondary inspection of a vehicle....
Swisscom to cut 700 jobs after revenues slip
GENEVA: Swisscom, Switzerland’s biggest telecom company, is cutting 700 jobs after announcing on Thursday a 20 percent drop in net...
South Korea’s automobile exports decline
SEJONG: South Korea's automobile exports nosedived at the fastest clip in more than six years in January as fast-falling oil...
Japan’s bank of MUFJ resumes Iran oil transactions
TOKYO: The Bank of Tokyo-Mitsubishi UFJ (BTMU), Japan's largest bank, has resumed transactions with Iranian banks, including payments for Iranian...
New Zealand beef exports to Taiwan rise in 2015
WELLINGTON: Beef exports to Taiwan rose to a record in 2015, propelling it to the country's third-largest beef market behind...
Azerbaijan offers to boost customs duty on dumped goods
BAKU: Azerbaijan’s draft law on “Anti-Dumping, Compensation and Protective Actions” will help protect local producers from dumping of goods (their...
Gold imports jump 514% in H1 of fiscal year
KATHMANDU: Gold import jumped Rs11.27 billion in the first six months of the current fiscal year, up 514 percent, largely...
Kenya’s personal car imports decline for first time in 4 years
NAIROBI: Kenya's personal car imports showed a decline for the first time in four years on the depreciation of the...
TomTom 2015 revenue grows by 6% to $1.13bn
THE HAGUE: TomTom, the navigational device and mapping product, saw its 2015 revenue grow to 1.0 billion euros (1.13 billion...
Pandora 2015 revenue up 40.2% in 2015
COPENHAGEN: Danish jewellery maker Pandora on Tuesday revealed a 40.2-percent increase in revenue for 2015. Group revenue stood at 16.74...
Danish wind turbine maker receives record-high orders in 2015
COPENHAGEN: Danish wind turbine manufacturer Vestas on Tuesday posted strong revenue earnings for 2015 with a record high growth in...
Russia to launch regular mail train to China
MOSCOW: Russian Post, the national postal operator of the country, on Tuesday announced that it plans to launch a regular...
France narrows 2015 budget gap by 17.6% on falling spending
PARIS: Efforts to trim public expenditure helped France to narrow its budget deficit by 17.6 percent to 70.5 billion euros...
