02132016Sat
Last update: Sat, 13 Feb 2016 08pm

Industries & Sectors

Business & Finance - Industries & Sectors

Kuwait's Zain Q4 profit rises 8pc DUBAI: Zain, Kuwait's No.1 telecom operator by subscribers, reported an 8 percent rise in fourth-quarter profit on Wednesday, halting a sustained earnings slump as its subscriber base increased. The former monopoly, which operates in eight countries in the Middle East and Africa, made a net profit of 36 million dinars ($120.4 million) in the three months to Dec. 31, a company statement said. This compares with a profit of 33.3 million dinars in the year-earlier period, Reuters data shows. An analyst at SICO Bahrain had forecast Zain would make a quarterly profit of 40.4 million dinars. The firm had posted falling profits in 11 of the preceding 13 quarters as tougher domestic competition, service interruptions and higher costs in war-torn Iraq and foreign exchange volatility weighed on the bottom line. Zain's 2015 profit was 154 million dinars, down from 194.3 million dinars in 2014. The operator had 45.6 million customers ...

Business & Finance - Industries & Sectors

Daimler, VW recall 1.5 million vehicles in US over airbag worries WASHINGTON/FRANKFURT: German carmakers Volkswagen and Daimler are recalling 1.5 million vehicles in the United States due to potentially faulty airbags made by Japanese company Takata Corp, the focus of a long-running global safety crisis. The move comes after US auto safety regulators said last month that Takata had declared 5.1 million US vehicles defective, revealing that far more air bags than previously thought were potentially unsafe. Takata's inflators can explode with too much force and ...

Business & Finance - Industries & Sectors

Heineken profits up 25 percent to 1.89bn euros in 2015 THE HAGUE: Dutch brewing giant Heineken on Wednesday announced a 25-percent rise in net profits for 2015, on the back of higher sales and favourable exchange rates.The full-year net attributable profit was 1.89 billion euros ($2.13 billion), compared with 1.52 billion euros in 2014, while turnover was up 6.5 percent to 20.51 billion euros.Chief executive Jean-Francois van Boxmeer paid tribute to what he called the company's "unique geographic diversity and our portfolio of premium brands."The ...

Business & Finance - Industries & Sectors

Nissan says nine-month profit soars on North America sales TOKYO: Nissan on Wednesday said strong North American sales drove it to another surging profit, as the world's top auto market China shows signs of picking up.The Altima sedan maker said its April-December net profit jumped nearly 34 percent from a year earlier to 452.8 billion yen ($3.7 billion), despite weakness in Japan and emerging markets.Nissan, which also said revenue jumped more than 10 percent to 8.94 trillion yen, is the last of Japan's Big ...

Business & Finance - Industries & Sectors

Welcome to the 5G world! 5G remains the next level of in the mobile telecommunications technology, how would it be like? Surely, our phones would a whole lot faster but is that it?Well, Nokia the Finnish technology company provided a preview to the 5G world. According to CNN, Nokia's 5G forecasts revealed some surprising capabilities: Faster InternetYes, we would have much faster internet, a 1000 time faster to be exact to your average 4G. Nokia, claimed that it tested 5G ...

Business & Finance - Industries & Sectors

After Germany, France also reports falling industrial output PARIS: Industrial production in France, Europe's second biggest economy, unexpectedly tumbled again in December, data showed Wednesday, a day after powerhouse Germany also reported a surprise drop in output.France's industrial output dipped by 1.6 percent in December after slipping 0.9 percent the previous month, the national statistics agency INSEE said. The figure took analysts by surprise. Jack Allen, of Capital Economics, said his team had pencilled in a slight rise in French industrial production for ...

Business & Finance - Industries & Sectors

Galaxy S7 Edge, to boost a massive battery It seems like Samsung has finally learned from its mistake, that’s because Samsung upcoming Galaxy S7 Edge, the curved version of the S7 flagship would boost a massive battery i.e. 3600mAh, a jump of 38 percent over the previous S6 Edge.The Korean mobile maker, Samsung, was previously criticized for cutting down the battery capacity of its smart-phone lineup, for both the Galaxy S6 and Note 5, which especially led S6 struggling to make it through ...