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.
Saudi Arabia threatens to ditch dollar oil trades to stop ‘Nopec’
LONDON: Saudi Arabia is threatening to sell its oil in currencies other than the dollar if Washington passes a bill...
China trade talks going well: Donald Trump
WASHINGTON: US President Donald Trump said on Thursday that trade talks with China were going well and he would only...
Graphic: Australia coal posts biggest weekly drop in a decade amid weak demand
SINGAPORE (Reuters) - Australian thermal coal prices this week registered their biggest weekly fall since the financial market turmoil of...
South Korea becomes first provider of 5G technology
SEOUL: South Korea launched the world’s first nationwide 5G mobile networks two days early, its top mobile carriers said on...
European Parliament approves no-deal Brexit visa waiver
BRUSSELS: The law means British visitors making trips of fewer than 90 days to the Schengen passport-free zone will not...
Oil nears $70, hovers near five-month highs on cuts and sanctions
LONDON: Oil prices steadied on Wednesday after Brent pushed towards a nearly five-month high of $70 a barrel on OPEC-led...
Dubai’s Emirates NBD to buy Turkey’s Denizbank for $2.8b in revised deal
DUBAI: Dubai’s Emirates NBD said on Wednesday it will buy Turkey’s Denizbank from Russia’s Sberbank at a roughly 20 percent...
Iran sees exports growth to Pakistan by 38 pct
The nature of Iranian-Pakistani relations is strategic and there are many prerequisites for more extensive cooperation between the two states....
Global tensions to force trade slowdown in 2019: WTO
GENEVA: Global trade growth is expected to be lower in 2019 than it was last year, the World Trade Organization...
Euro central bankers warn of no-deal Brexit risk to markets
FRANKFURT: Financial markets have not “priced in” the risk of a no-deal Brexit and could suffer turmoil if the “worst-case...
UK Brexit plan has failed ; but a customs union can unite MPs
Brexit is exhausting our business and wrecking the country's tremendous reputation as an economic powerhouse. The U.K.’s historic stable political...
Lack of USMCA ratification a nail biter for Canadian businesses
A lot has happened since Canada and its neighbours reached a deal for the new United States-Mexico-Canada Agreement (USMCA) on...
Oil extends 1Q gains on tight supply, economic optimism
LONDON: Oil rose on Monday, building on its largest first-quarter gains in nearly a decade, as tight supply and positive...
Saudi Aramco ‘made $224b profit’ last year
DUBAI: Saudi Aramco, the world’s largest oil company, posted $224 billion in earnings before tax last year, Fitch Ratings said...
US, China hold constructive trade talks in Beijing
BEIJING: US officials held “constructive” talks in Beijing, Treasury Secretary Steven Mnuchin said on Friday, concluding the latest round of...
Canada’s economy surprises with 0.3% growth in January, offsetting 2 straight monthly declines
Canada's economy grew by 0.3 per cent in January, fully offsetting the small declines in the previous two months. Statistics...
Sterling sinks below $1.30 after govt loses Brexit deal vote
LONDON: The British pound fell half a percent on Friday after parliament voted down Prime Minister Theresa May’s Brexit withdrawal...
Sony to close smartphone plant in China to cut costs
BEIJING/TOKYO: Sony Corp is closing its Beijing smartphone plant, a spokesman said on Friday, as the Japanese electronics giant cuts...
Oil prices inch down as US crude stocks climb
LONDON: Oil prices slipped on Thursday, extending losses into a second consecutive session following a surprise rise in US crude...
China pledges to expand financial market opening
BOAO: China will sharply expand market access for foreign banks and securities and insurance companies, especially in its financial services...
