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New flight path into Auckland Airport
WELLINGTON: Commercial jets approaching Auckland from the north will trial using a third satellite-guided flight path from September 1 this...
Solar Power to develop 500 megawatts of photovoltaics in Japan
TOKYO: Solar Power Inc. on Tuesday announced a joint venture agreement with a Japanese company to develop more than 500...
Japan April retail sales rebound, ease pressure on BOJ
TOKYO: Japan's retail sales rose 5.0 percent in the year to April, the first increase in four months, data showed...
Basler Kantonalbank to pay 38.6m euros in German tax probe
BERLIN: Swiss regional bank Basler Kantonalbank said on Thursday it will pay 38.6 million euros ($42.13 million) to settle a...
Australia slips behind NZ in competition ranking: CEDA
Canberra: Australia's global competitiveness has slumped to the worst ranking in at least 18 years, slipping behind New Zealand, as...
Panasonic to roll out PV battery storage systems in Australia
CANBERRA: The rapid roll-out of battery storage products into the Australian electricity market continues apace, with Japanese electronics giant Panasonic...
Kenya University Staff Union demands suspension of new NHIF rates
NAIROBI: The Kenya University Staff Union (KUSU) has called for the suspension of new NHIF premiums and now demanding that...
German firm loses bid for rich Kenya pipeline tender
NAIROBI: A German company has lost its bid to participate in a cash-rich pipeline construction tender after the court ruled...
ZCT lobbies govt to review 15% VAT
HARARE: The Zimbabwe Council for Tourism (ZCT) is lobbying the government to review the 15% Value Added Tax (VAT) being...
Zimbabwe trade deficit expands to $1.13 billion in first four months
HARARE: Zimbabwe’s trade deficit continues to widen and reached 1.13 billion U.S. dollars in the four months to April 2015...
Malaysia Maybank Q1 net profit up 6.3% on loan growth
KUALA LUMPUR: Malayan Banking Bhd (Maybank), Malaysia's biggest bank by assets, posted on Thursday a 6.3 percent rise in first-quarter...
Dynam Japan posts decline in net profit
TOKYO: Japanese company Dynam Japan Holdings Co posted a 47 percent drop in its full-year net profit. Dynam Japan's net...
Tesco paid new boss 4m pounds in first 6 months
LONDON: Britain's biggest retailer Tesco paid new chief executive Dave Lewis 4.1 million pounds ($6.4 million) in the six months...
Mercedes cuts 500 Brazil jobs
BERLIN: German vehicle manufacturer Mercedes Benz said it had cut 500 jobs at its Brazilian plant in Sao Bernardo dos...
South Korea to allow insurance firms to handle overseas remittances
SEOUL: South Korea's Ministry of Strategy and Finance has announced that insurance firms may soon be allowed to process overseas...
Dutch retail giant Ahold’s net profit jumps from 50m euros to 213m euros YOY
AMSTERDAM: Dutch retail giant Ahold announced a more than threefold jump in net profit on the back of a strong dollar...
Cameron starts a whirlwind two-day tour of European capitals
LONDON: Prime Minister David Cameron starts a whirlwind two-day tour of European capitals including Paris and Berlin Thursday in a...
Commodities trader Cargill to acquire Turkey’s Ekol Gida
ANKARA: Commodities trader Cargill said on Wednesday its animal nutrition business has agreed terms to acquire a 51 percent stake...
Turkey’s Akbank to raise $250m 3-year loan
ANKARA: Turkey's Akbank is in the market for a $250 million three-year loan, making it the first Turkish bank to...
Lexus to recall 2015 NX 200t model due to Damage issue
TOKYO: Lexus will recall back their new 2015 Lexus NX 200t model due to the ABS actuator possibly being damaged...
