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.
Coal imports of China decline 10.9% YoY to 290m tonnes in 2014
BEIJING: The coal imports of China have dropped 10.9% year on year to 290 million tonnes in 2014 due to...
Irish food, beverage export rises by 4pc to €10.5 billion
DUBLIN: Irish food and drink export rose by 4percent to €10.5 billion IN 2014 equating to a record €200 million...
40 foreign firms eager to invest in Iran’s gas industry
TEHRAN: Forty American, European, and Asian firms have announced their willingness to invest in Iran’s gas industry, according to an...
Romania inflation falls to 0.8% in Dec from 1.3% in Nov
NEW YORK: December inflation in Romania slowed more than expected with declining food and energy costs leaving price growth short...
China announces 4 new flight routes to Taiwan
BEIJING: China announced four new flight routes just west of the dividing line in the Taiwan Strait between Taiwan and...
Philippines Customs accused in missing sugar sacks case
ZAMBOANGA CITY: The more than half of the 1,171 sacks of Malaysian sugar, which were seized by police and the...
Taiwan generates record revenue of US$13.5 billion through foreign tourists
TAIPEI: Taiwan welcomed nearly 10 million foreign nationals into the country last year and generated a record high revenue of...
India imports 1.5 million tonnes of soyabean oil annually
NEW DELHI: India is the world's leading importer and consumer of edible oils in the world. Of the total 5.0-5.5...
Philippines imports 50.94m per barrels of petroleum products, shows 6.17% growth in 2014
MANILA: The Philippines imported a total of 50.94 million barrels of petroleum products, showing 6.17% growth in 2014. Data from...
China, Russia to launch new credit rating agency in 2015 for countering west
MOSCOW: For counter the financial threats of west Russian and China launched the new Universal Credit Rating Group (UCRG), which...
Oil price at 6 year low level to $45.38 bpd, World Bank cuts outlook for global growth
SINGAPORE: Oil prices fell more than 1 percent on Wednesday after touching their lowest in nearly six years the previous...
Thailand’s largest home builder Land & Houses PCL to invest $366m to record sales of 34b baht
BANGKOK: Thailand's largest home builder Land & Houses PCL is planning to invest 12 billion baht ($366 million) this year...
USA urges Australian telecom Cos to roll over mobile data into next month billing
SYDNEY: Australian mobile phone providers should follow in the footsteps of their US counterparts and allow customers to roll their...
West freedom of expression, Mark Zuckerberg apologizes Hamza Abbasi’s on removal of Facebook status
WASHINGTON: CEO and Founder of Facebook, Mark Zuckerberg today said, his social network's removal of actor Hamza Ali Abbasi's status...
Democrats plan to impose new tax on top US traders
WASHINGTON: Influential Democrats pushed a new plan to give middle-class Americans a big tax break, but only by imposed a...
China’s reserves reach ceiling of $4tr, unlikely to rise above this threshold in 2015: Economists
BEIJING: China’s foreign currency reserves have reached a ceiling of $4 trillion, and won’t rise above this threshold in 2015,...
HK, Singapore impose highest taxes on foreign property investors
SINGAPORE: Hong Kong and Singapore have the highest tax burdens on foreign property investors, Global property consultancy Knight Frank said...
Qatar’s int’l reserves touch historic high of $46.5b, add $7 billion last year
DOHA: Qatar's international reserves touched historic high of $46.5 billion (39 billion euros) in November and are likely to further...
Goldman Sachs hopes collapse in oil prices to eventually balance market
LONDON: Oil prices renewed their declines, dropping below $49 per barrel as US bank Goldman Sachs slashed its short term forecasts...
German’s Lufthansa leads to rebound European stocks
LONDON: European equities rebounded, led by airlines and auto stocks after positive updates by German’s Continental Associated Group and Lufthansa...
