World Business

HARARE: The director of a Zimbabwe local firm which reportedly imported 37 million liters of fuel worth millions of dollars...

Zimbabwe High Court to hear $270,000 gold smuggling case on Jan 13

HARARE: The trial of three men arrested last year as they tried to smuggle to South Africa seven kilo grammas...

Irish Revenue Dept urges defaulters to pay property tax till Jan 7

DUBLIN: People who have not yet paid their local property tax (LPT) for 2015 or signed up to pay via...

Revenue up by 135% to $12.2b: Xiaomi sells 61.1 million handsets in 2014

byMonitoring Report

BEIJING: Chinese smartphone brand Xiaomi Chairman Jun Lei has said that the company’s sales doubled to $12.2 billion last year....

Irish couple nabbed in Spain for Euro 10.5m money laundering and smuggling

DUBLIN: A married former Irish couple were arrested last week by Spanish police as part of an investigation into money...

Philippines Customs clutches 40kg illegal drugs worth $8.94m

MANILA: Philippine authorities have seized 40 kg of high-grade methamphetamine hydrochloride, sent from Hong Kong, the Bureau of Customs (BOC)...

Philippines moves up from 90th to 82th in best county for business ranking

MANILA: The Philippines best nation for doing business, they moved up eight places to rank 82nd out of 146 countries...

Cyprus double tax treaty network expanded, 3 more tax agreements signed with Norway, Spain, Lithuania

OSLO: Cyprus’ double tax treaty network has been expanded with three new agreements with Spain, Lithuania and Norway becoming effective...

Largest fertilizer corruption in Norway’s history under trial

OSLO: The largest corruption trial in Norway’s history, involving charges of enticement at Norwegian fertilizer giant Yara International, got underway...

UK construction sector falls to lowest since July 2013

LONDON: Activity in Britain’s construction sector slowed to its lowest level since the summer of 2013, but firms are optimistic...

Ryanair shares hit all time high as passenger numbers up by 20pc

DUBLIN: Ryanair shares rose to all time high after its passenger numbers surged for a second successive month and the...

Premier says Ontario ready to shield Canada from economic tsunami caused by declining oil prices

TORONTO: Premier of Ontario Kathleen Wynne said Ontario is ready to shield Canada from the economic tsunami caused by declining...

Tiger Airways rights issue fully subscribed, Singapore Airlines holds 55.8pc

SINGAPORE: Tiger Airways said that its rights share issue has been fully subscribed, raising additional funds of about S$230 million....

Zanganeh: Iran will not give in after 60pc decline in oil export

TEHRAN: Iran's Oil Minister Bijan Namdar Zanganeh said in Tehran on Monday that Iran’s oil exports have fallen 60 percent...

Energy Fuels to buy Uranerz Energy for $150m to become key uranium supplier in US

TORONTO: Uranium producer Energy Fuels Incorporation agreed to buy Uranerz Energy Corporation in an all stock deal valued $150 million that will create...

Singapore’s manufacturing sector falls in December

SINGAPORE: Singapore's manufacturing sector in December fell to its lowest level in nearly two years due to a first time...

Iran’s Oil Minister Zanganeh sees oil prices at $60 to $90 in coming months

ANKARA: Iran’s Oil Minister Bijan Namdar Zanganeh said Crude prices will vary between $60 and $90 in the coming months....

Turkish inflation beats expectations in 2014 but still above than Central Bank’s target

ISTANBUL: Turkey concludes 2014 with an inflation of 8.17, better than worries of nearing 9%, however the figure is still...

German savers feel difficult to keep $2.3tr in cash, deposits on low ECB interest rates