World Business

WASHINGTON: The outlook for commodities remains grim for this year, except that oil will fall a bit less than previously...

NEW YORK: The world’s biggest fast-food chain, McDonald's, has post lower quarterly earnings, which decreased 13.3 per cent in second...

BERLIN: Volkswagen and its Dutch partner Fleet Investments have announced to sell LeasePlan Corp for about 3.7 billion euros ($4...

DETROIT: Due to increasing demand of trucks in North America and auto sales in China, General Motors (GM) net income...

LONDON: Pearson PLC, the owner of the Financial Times, says it has agreed to sell FT Group to Nikkei Inc....

SAN FRANCISCO: Yahoo Inc is still limping along as the Internet company prepares to shed the financial crutch that has...

SAN FRANCISCO: Apple Inc’s latest quarterly profit leaped as people around the world snapped up big-screen iPhones, but its shares...

REYKJAVIK: Iceland's wage index reported a month-on-month increase of 2.3 percent in June 2015, according to Statistics Iceland here the...

MONTREAL: One of the world’s biggest auto parts supplier Magna International has announced to buy German transmission maker Getrag for...

NEW YORK: After rejection of three-year labour contract by the company’s pilots, Delta Air Lines is planning to cancel orders...

TBILISI: Proposed changes to the Tax Code of the Republic of Georgia will increase penalties for those evading customs duties...

ABUJA :There are strong indications that Nigeria’s crude oil export will soar in August against the previous months. The rise...

SOFIA: Bulgarian customs officials have seized 5.6 kilograms of heroin at Kapitan Andreevo checkpoint at the border with Turkey, the...

NEW YORK: Due to rising demand from the aerospace and auto sectors, the sales of aluminum giant Alcoa has increased...

BRUSSELS: The European Union has accused American credit-card giant MasterCard of overcharging customers and retailers. According to the European Commission,...

SAO PAULO: Brazil's sales of new vehicles, along with production and exports, dropped in the first half of this year,...

WASHINGTON: Negotiators from 12 Pacific nations crafting a regional free-trade pact will meet in Hawaii later this month, with the...

NEW YORK: Zacks downgraded shares of Ingram Micro (NYSE:IM) from a hold rating to a sell rating in a research...

BEIRUT: A recent agreement between the United States and Cuba to restore diplomatic ties by the end of July has...

BRASILIA: According to data collected by the Brazilian Animal Protein Association (ABPA), 395,700 tonnes were shipped, a performance 30 per...