World Business
A business, also known as an enterprise or a firm, is an organization involved in the trade of goods, services, or both to consumers.
Political turmoil affects operations at Bangladesh’s 2nd largest land port
DHAKA: The ongoing blockade has virtually crippled the second largest land port of the country, dealing a heavy blow on...
Euro slips to 11 year low on Franc fallout after Swiss National Bank roils financial markets
FRANKFURT: The euro ruined to an 11 year low after the Swiss National Bank roiled financial markets by unexpectedly scrapping the franc’s...
Rice exports of Vietnam declines 3.2% to 6.38 million tonnes
HANOI: The rice exports of Vietnam dropped 3.2 percent last year to 6.38 million tonnes, Vietnam Customs said. On the...
IEA predicts stability of crude oil prices by 2Q
NEW YORK: The International Energy Agency (IEA) has issued a report in which it is told that the crude oil...
Trade gap of $19.83 billion: Morocco trade deficit narrows by 6% in 2014
CAPE TOWN: Morocco's trade deficit narrowed by 6 percent year on year in 2014, data showed, reflecting lower energy imports...
Public debt of Spain rises by $7.1b
MADRID: The public debt of Spain has increased by 6.1 billion euros ($7.1 billion) in November from a month earlier...
Philippines Customs orders re-export of empty containers within 90 days
MANILA: Customs commissioner John Philip Sevilla's ultimatum for re-exporting of empty foreign containers has been trimmed to 90 days from...
Irish food exports increase by 4% to hit record high of €10.5b in 2014
DUBLIN: Irish food and drink exports increased by 4% to reach a record high of almost €10.5 billion in 2014....
Philippines Customs blacklists 43 freight forwarders over complaints
MANILA: Philippines Customs the Department of Trade and Industry (DTI) announced that it has blacklisted 43 freight forwarders over complaints...
West Indies police seize contraband high-grade marijuana plants worth $500,000
TRINIDAD: Trinidad police have seized more than $500,000 of high-grade marijuana plants in Bedessie Street, St Augustine here the other...
Bangladesh govt to import 30-50MW power from India
DHAKA: Bangladesh government planned to buy 30-50 megawatts of electricity from NTPC Vidyut Vyapar Nigam Ltd (NVVN) from private parties...
Palm oil prices up by 1.0% to $665 per tonne, trade reaches 66,704 lots of 25 tonnes
KUALA LUMPUR: Malaysian palm oil prices have increased as the No 2 grower braces for monsoon rains over the Borneo...
Energy companies Statoil, GDF Suez, Dong Energy give up plan to excavate oil in Greenland
COPENHAGEN: Greenland's dream of becoming the next oil center is fading and three major energy companies Statoil, GDF Suez and...
Water bills set to increase in Denmark after introduction of controversial tax law
COPENHAGEN: Water and supply companies in Denmark will have to pay an unexpected punitive tax that may significantly increase water...
Oil market slips as US crude reserves rebound
LONDON: World oil prices resumed their downward spiral, as dealers eyed the poor global economic outlook, after rallying in the...
Car sale to drop by 24.2pc as economy heads for recession in Russia
MOSCOW: The sales of new cars in Russia will drop 24.2 percent this year after falling more than 10 percent...
Turkish economic growth in 2015 seen at 4pc, inflation falling
LONDON: Turkey’s economy will grow some 4 per cent in 2015 and inflation will fall comfortably to Central Bank forecast...
Qatar to fund energy, other projects in Venezuela
DOHA: Qatar is considering funding projects in Venezuela, as the Latin American state lobbies fellow crude producers to help repair the...
Exports rise 3.6%: South Korea imports fall 0.9% to $44 billion, says Customs
SEOUL: South Korea imports fell 0.9% to 44 billion dollars, keeping the surplus trend for 35 straight months. Exports, which...
Fiscal deficit of 13.4tr yen projected: Japan approves high tax revenue of 54.5tr yen in 2015 budget
TOKYO: Japan government approved a record spending budget for the fiscal year beginning on April 1, 2015, which it expects...
