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.
Philippines: No contact policy imposed on VIPs involved in smuggling
MANILA: After his agents and security personnel were apparently outsmarted by the Bilibid VIPs or “very important prisoners,” who were...
Trinidad police seize $3m in cocaine, clutch 37 culprits
TRINIDAD: Trinidad police have seized $3 million in cocaine, along with two firearms, in a massive police exercise in the...
Iraq sets new crude oil export record of 2.94m barrel per day
BAGHDAD: Iraq’s crude oil exports reached 2.94 million b/d in December; a new record high, taking the country’s 2014 monthly...
Philippines Customs arrests 14 persons, seizes over 1000 sugar sacks
MANILA: Philippines Authorities arrested 14 persons and seized more than 1,000 sacks of sugar in Zamboanga City, foiling an attempt...
New Zealand Customs stops thousands of fake items at border
WELLINGTON: New Zealand Customs stopped counterfeit items Smartphone, cosmetics and shoes at border. Customs intercepted more than 400 lots of...
Burkina Faso continues its HRM modernization initiative with WCO-WACAM Project
IVORY COAST: In the framework of the West African Customs Administrations Modernization (WACAM) project, funded by Sweden, a support mission...
XL Insurance Group to buy Catlin Group for about £2.79 billion
LONDON: XL Group Public Limited Company will buy underwriter Catlin Group Limited for about 2.79 billion pounds ($4.22 billion), giving...
Canada loses 4300 net jobs in December 2014, unemployment rate stays at 6.6pc
OTTAWA: Statistics Canada said that the Canadian economy closed out 2014 by losing 4,300 net jobs in December, a slight...
Lululemon Athletica shares up 3pc to $59.40 after appointment of new chief financial officer
NEW YORK: Lululemon Athletica (LULU) shares are up 3 per cent to $59.40 on heavy volume in trading after the athletic apparel...
Dubai International Capital launches sale of German aluminum product maker Almatis
FRANKFURT: Dubai International Capital (DIC) is launching the sale of German alumina products maker Almatis as the fund seeks to...
Danish firms benefitting from African construction industry boom
COPENHAGEN: Africa is fast becoming a key market for Denmark companies in the construction industry a boom in private investment...
Australian, New Zealand dollars continue to advance against other major currencies
WELLINGTON: Australian and New Zealand dollars continued to move on against the other major currencies in the Asian session, as...
War against rebels: EU to give 1.8 billion euros to Ukraine
RIGA: To help Ukraine in a continuous battle against Russia-backed rebels, the EU has decided to give country 1.8 billion...
43 ‘unprofitable’ shops shut: Tesco launches revival plans
LONDON: To recover from an accounting scandal, the British supermarket giant, Tesco, has unveiled cost-cutting revival plans to close the...
South Africa’s chicken imports may rise as duty lapses
CAPE TOWN: Initially antidumping duties against imports of frozen bone-in chicken from three of SA’s trading partners in the European...
Turkey to order 4 F-35s jets, 5 more 47F Chinooks helicopters
ANKARA: Turkey's top procurement panel decided to order four more F-35 fighter jets and five more CH-47F Chinook heavy transport...
Bangladesh garment exports rise to $24.6 billion in 2014
DHAKA: Bangladesh garment exports have raised 5.78 percent and hit to $24.6 billion in 2014, according to the Export Promotion...
Bank of England keeps rates steady at 0.5pc after January meeting
LONDON: The Bank of England (BoE) kept interest rates unchanged at 0.5 per cent after its first meeting of 2015,...
Tesco scraps multi-million pounds plan to build supermarkets
LONDON: Tesco has confirmed it has scrapped plans to build 49 new larger supermarkets as it announced it would slash...
US: 30 year fixed mortgage tumbles to 3.73pc from 3.87pc last week.
NEW YORK: US mortgage rates dropped to the lowest level in more than a year and a half as falling...
