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.
Qatar, UAE top world tax ranking with 11.3% & 14.8% rates
DOHA: Qatar and the UAE share an equal first place in the overall tax ranking, with a total tax rate...
Swiss banks turn to China in search of new markets
GENEVA: Switzerland's banking sector, facing the end of the secrecy that was once the bedrock of its business, is turning...
EU’s top official under mounting pressure as more confidential documents of Luxembourg tax scandal leaked
LUXEMBURG: The EU’s most powerful official is under mounting pressure as dozens more multinational corporate names are draged into the...
As solar power grows, US energy utilities to face $48b revenue loss
LOS ANGELES: Energy utilities would lose between $18 billion and $48 billion a year in the US and up to...
Iraq follows Saudi footsteps, sells Basrah Light crude to Asian customers
BAGDAD: Iraq has decided to sell its Basrah Light crude next month to customers in Asia at the steepest discount...
US manufacturing sector to rise by 5.6% in 2015
NEW YORK: The US manufacturing sector is expected to rise by 5.6 percent in 2015 from this year, the semi-annual forecast...
BG group to sell Australian gas pipeline business for $5b
CANBERRA: BG's natural gas fields in southern Queensland to a liquefied natural gas export facility at Gladstone, on Australia's eastern...
British manufacturing output shrinks on low exports to Europe
LONDON: Output at Britain’s factories shrank as weak export demand continued to take its toll, raising fresh fears about the...
Unemployment, fragile economy put Italy’s social fabric at risk: IMF
MILAN: IMF chief Christine Lagarde warned that increasing rate of unemployment and tumbled economy could be disaster for Italy social...
UK charges Google tax on foreign companies profit
LONDON: A new British tax on companies that shift profits out of the country and into tax havens will target...
US steel industry accuses WTO of favouring India
WASHINGTON: The American steel industry loudly criticised a WTO ruling against the US imposing high duty on imports of certain...
Bangladesh inflation eases to 6.21% in Nov
Dhaka: The country s’ general point-to-point inflation rate continued to decline in November, thanks to the lower prices of vegetables,...
UAE Strata aims to create 600 jobs, predicts revenue jump
ABU DHABI: CEO Strata said Abu Dhabi aircraft parts business expects revenue from existing operations to more than triple by...
Singapore, US finalise information sharing agreement on tax dodging
SINGAPORE: Singapore finalised an information sharing agreement with the United States before the end of 2014 on Tuesday, aimed at...
Siemens chief: More focus on internal growth, higher margin
FRANKFURT: Chief Executive Siemens Joe Kaeser promised on Tuesday, the German engineering group would focus more on stable internal growth and higher...
Vietnam to award customs officials for foiling two heroin smuggling bids
HANOI: Deputy Prime Minister Nguyen Xuan Phuc sent letters of merit to narcotics and customs Department, to cash awarded officials...
Spanish gets five-year jail for trying to smuggle tonnes of cannabis into UK
FRANCISCO: A Spanish lorry driver has been jailed for five years after attempting to smuggle two tonnes of cannabis resin...
Japanese SMFG to purchase $334m Citigroup business
TOKYO: Japanese bank holding company Sumitomo Mitsui Financial Group Incorporation will announce as soon it will buy Citigroup Inc's Japanese...
British pub Wetherspoon halts Heineken supply after disagreement with Dutch brewer
LONDON: Wetherspoon British pub group said on Tuesday it would no longer sell Heineken products at any of its 926...
Sale of Danish-owned airline Climber on the card
Cophenhagen: The Danish-owned airline Climber is ready to sell, SAS has agreed to purchase the airline, which announced in September...
