Category: Business

staffJune 22, 2018

EU tariffs on US goods come into force

The European Union (EU) has introduced retaliatory tariffs on US goods as a top official launched a fresh attack on ...

staffJune 22, 2018

OPEC approves output rise of about 1 Mn barrels

OPEC members have agreed on a combined increase in crude oil output of one million barrels per day, the oil ...

staffJune 20, 2018

South Korean crypto exchange loses $31 million from hack

A leading South Korean cryptocurrency exchange says $31 million worth of virtual currencies have been stolen by hackers. Bithumb, South ...

staffJune 19, 2018

Escalating tariff spat pummels European stocks

LONDON – An escalating protectionist tit-for-tat between the U.S. and China extended a selloff in European shares on Tuesday with ...

staffJune 18, 2018

Audi chief Rupert Stadler arrested in diesel emissions probe

The chief executive of German carmaker Audi, Rupert Stadler, has been arrested in connection with an investigation into the diesel ...

staffJune 14, 2018

Abu Dhabi’s Etihad Airways posts losses for consecutive year

DUBAI – The United Arab Emirates’ flagship carrier Etihad posted losses of $1.52 billion in 2017 despite a slight bump ...

staffJune 8, 2018

Russia and China to form $1 bln industrial investment fund

BEIJING – The Russia-China Investment Fund (RCIF) and China Chengtong Holdings Group have agreed to establish a joint $1 billion ...

staffJune 7, 2018

UK’s House of Fraser to close 31 stores affecting 6,000 jobs

House of Fraser said Thursday it has proposed closing 31 department stores in Britain in a move that affects up ...

staffJune 1, 2018

Japan store bars wine from Golan Heights after protests

TOKYO – A major Japanese department store has quietly removed a vendor specializing in wine from Israel’s occupied Golan Heights ...