Philips sees hit from product safety fault THE HAGUE: Dutch firm Philips said Monday it anticipates a hit of up to 250 million euros ($302 million) from a... Updated 27 Apr, 2021 10:08am
Business & Finance Euro holds 8-week highs in Europe LONDON: The euro held at an eight-week high against the dollar on Monday despite a disappointing sentiment survey in... Updated 27 Apr, 2021 10:05am
Business & Finance Pandemic pushes UK annual borrowing to £303.1bn LONDON: Emergency pandemic support measures sent UK annual borrowing rocketing to the highest level since World War... Published 24 Apr, 2021 03:21am
World France to give 1bn euros aid to farmers hit by frost MONTAGNAC, (France): French Prime Minister Jean Castex on Saturday pledged more than one billion euros in aid for... Published 18 Apr, 2021 03:09am
Technology Google unveils $2bn data hub in Poland WARSAW: US tech giant Google on Wednesday launched a new cloud data hub in Warsaw — its first in Central and... Updated 15 Apr, 2021 10:09am
World Air France gets EU green light for 4bn euro aid PARIS: The EU authorised the French government on Tuesday to double its stake in Air France and inject up to four... Updated 07 Apr, 2021 09:53am
Business & Finance Kingfisher: the DIY giant building on back of pandemic LONDON: The coronavirus pandemic has caused the permanent closure of bricks-and-mortar retailers worldwide but... Published 31 Mar, 2021 05:42am
World Covid roller coaster adds to Blackpool’s decline BLACKPOOL: Its ghost train ride stands idle and the golden beach is deserted. For seaside resort Blackpool, the ... Published 30 Mar, 2021 05:45am
World Atlantia to get sweetener in CDP-led consortium’s bid for Autostrade stake MILAN: A consortium led by Italian state lender CDP is set to send Atlantia a sweetened offer for its stake in... Published 30 Mar, 2021 05:45am
Sports Sales of video games hit UK record in 2020 LONDON: The video games market in Britain saw record sales of £7 billion ($9.7 billion, 8.3 billion euros) in 2020,... Published 30 Mar, 2021 05:45am
Markets EU wheat falls as slack demand continues to weigh May milling wheat on Paris-based Euronext, the last available contract for the current 2020/21 season, was down 2% by 1612 GMT to 210.50 euros a tonne. Updated 30 Mar, 2021 12:01am
Business & Finance Greece raises 2.5bn euros in rare 30-year debt sale ATHENS: Greece on Wednesday raised 2.5 billion euros ($3 billion) in a 30-year bond sale, the finance ministry said,... Updated 22 Mar, 2021 09:44am
World EU launches legal action against UK over Gibraltar tax BRUSSELS: Brussels launched legal action Friday to force Britain to recover 100 million euros in tax exemptions for... Published 20 Mar, 2021 04:39am
Business & Finance Spain approves 11bn euros in aid to virus-hit firms MADRID: Spain's cabinet approved Friday an 11 billion euro aid programme to help Published 13 Mar, 2021 04:28am
World Putin, Erdogan launch new phase of Turkish nuclear power plant ANKARA: Russian President Vladimir Putin and Turkey’s Recep Tayyip Erdogan vowed Wednesday to improve cooperation... Updated 11 Mar, 2021 09:46am
Business & Finance Adidas expects strong rebound, takes Reebok hit Fourth-quarter sales rose a currency-neutral 1% to 5.548 billion euros. Updated 10 Mar, 2021 11:41am
Business & Finance Germany to fine companies for rights violations abroad BERLIN: Germany on Wednesday took a step towards forcing companies to take responsibility for any labour or... Updated 08 Mar, 2021 09:16am
Print Charities blast British aid cut for war-torn Yemen LONDON: Over 100 charities including Oxfam and Save the Children hit out Saturday at UK’s plans to slash by half... Published 07 Mar, 2021 04:07am
Business & Finance Former Steinhoff managers charged BERLIN: German prosecutors have charged four people over alleged fraud at embattled retail giant Steinhoff, with... Published 06 Mar, 2021 05:01am
Business & Finance Hedge fund boss takes home UK record pay of £343m LONDON: Hedge fund boss Christopher Hohn set a UK record in 2020 for the biggest ever annual paycheck after he paid... Updated 02 Mar, 2021 09:45am
Markets Euronext wheat extends gains on US cold blast PARIS: Euronext wheat extended a rally on Tuesday to a new two-week peak, supported again by the risk of frost ... Published 18 Feb, 2021 04:08am
Markets EU wheat steadies after one-week low PARIS: Euronext wheat edged higher on Thursday, recovering from a one-week low as Chicago grain futures steadied... Updated 12 Feb, 2021 11:47pm
World Winchester College to admit girls for first time LONDON: Winchester College, one of Britain’s oldest and most prestigious private schools, will open its ancient... Updated 10 Feb, 2021 09:40am
Markets European shares rise on M&A activity; Dialog Semi hits over 20-year highs The French firms closed lower as new legal hurdles awaited the deal and amid a government warning of an increasingly hostile takeover battle. Published 09 Feb, 2021 12:39am
Business & Finance Bank of Italy says country needs cohesion to grow and cut debt MILAN: Italy’s central bank called on Saturday for cohesion as the country battles a government crisis, saying it... Published 07 Feb, 2021 04:07am
Business & Finance Greece approves disputed goldmine project ATHENS: Greece's conservative government has approved a long-disputed gold mining project held up for years by... Published 06 Feb, 2021 04:06am
Markets Russia to introduce formula-based wheat export tax on June 2 MOSCOW: Russia is accelerating plans to switch to a formula-based tax on wheat exports, the economy minister said on... Updated 05 Feb, 2021 11:47pm
Business & Finance Nokia boosts profitability but warns of tough 2021 HELSINKI: Finnish telecoms equipment and 5G player Nokia announced Thursday a fall in net income for 2020 despite a... Updated 05 Feb, 2021 11:46pm
Markets Russian wheat export prices down MOSCOW: Russian wheat export prices fell for the second consecutive week last week due to more active supply from... Published 04 Feb, 2021 04:13am
Print Switzerland lifts ban: London will resume trading Swiss stocks ZURICH/LONDON: Britain can now claim at least one advantage from leaving the European Union: Switzerland's ... Updated 04 Feb, 2021 09:53am
Behind the screens: SECP probe into State Life’s equity investment process opens Pandora’s box at PSX?
In historic visit, Iran President Raisi says decision made to increase bilateral trade five-fold to $10bn