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.
Venezuela becomes world’s highest inflation country with 63.6% rate
CARACAS: Venezuela's economy has tumbled and faced a recession with the economy contracting 2.3 percent in the third quarter and...
Indian govt blocks 32 websites promoting Islamic Ideology
MUMBAI: The Modi government is starting the New Year with the resolve to wipe out terror, and has cracked down...
South Korea inflation eases in December, central bank warns on price, policy link
SEOUL: South Korea reported its lowest inflation in more than 15 years, which could reinforce expectations for an interest rate cut early...
Japan’s ruling coalition approves cut in corporate taxes to boost economic growth
TOKYO: Japan's ruling coalition, by Prime Minister Shinzo Abe to boost profitability and bolster economic growth, has approved a tax...
ECB’s Peter Praet says weaker oil prices call for more action
FRANKFURT: The European Central Bank's chief economist said weaker oil prices could unbalance inflation expectations and that the ECB may...
Ukraine expects $17 billion IMF bailout package in early 2015
KIEV: Ukraine expects the International Monetary Fund (IMF) to pay out new and past due loans after a visit next month...
Stock futures indicate higher opening for Canada’s main stock index
TORONTO: The Stock futures pointed to a higher opening for Canada's main stock index on Wednesday, the last day of...
China’s Fosun to buy US insurer Meadowbrook for $433 million
HONG KONG: China’s Fosun International Limited is making its first foray into the US insurance market and buying property and...
Apollo Global may bid for Portuguese bank Novo Banco
LISBON: Apollo Global Management Limited Liability Company (LLC), a private equity firm is considering making a bid for Portuguese lender...
Gulf markets sink as oil price reaches $57 per barrel
DUBAI: Gulf stock markets fell in early trade on Tuesday as Brent crude oil slumped near a five-year low and...
AirAsia search-and-rescue effort becomes a recovery operation
BEIJING: With the discovery of floating wreckage and bodies Tuesday in waters off Indonesia, the massive search-and-rescue effort for a...
Southeast Asia’s biggest budget airline AirAsia’s shares slump by 9% after jet loss
KUALA LUMPUR: Shares in AirAsia, Southeast Asia's biggest budget airline, lost almost nine percent in Kuala Lumpur after one of...
Boeing passes second test for NASA’s Commercial Crew Program
FLORIDA: Boeing's ground support for NASA's Commercial Crew Program passed a critical test recently, its second milestone as part of...
AirAsia flight QZ8501: Search area expanded beyond plane’s flight path
KUALA LUMPUR: The search for missing AirAsia flight QZ8501 has expanded beyond the plane's flight path, three days after the...
AirAsia plane’s ruined parts found near flight path
KUALA LUMPUR: Several victims have been recovered from the search zone of the missing AirAsia flight, the Indonesian Navy stated....
AirAsia flight QZ8501 passengers details: Scholarship students, businessmen, Korean missionaries, Briton
KULA LUMPUR: Among those on board were Briton and his two-year-old daughter, and a family of South Korean Christian missionaries...
Bank of England asked to keep interest rates low
LONDON: The Bank of England should keep interest rates at their record low of 0.5% in 2015 to avoid the...
Canada’s Ontario Teachers raise stake in UK’s Birmingham Airport
LONDON: Canada's Ontario Teacher’s Pension Plan said it had bought 19.25 percent stake in Birmingham Airport from Australia's Victorian Funds...
Crude oil raises to $60 per barrel amid trouble in Libya
LONDON: Brent crude oil rose to $60 per barrel on Monday, supported by concerns about disruption to output from Libya, but a global...
2015 German growth may be better than expects next year
BERLIN: Europe's biggest economy, Growth in Germany could be better than expected next year and the situation in Europe is not as...
