Category: Business

Proportion
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 ...

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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 ...

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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 ...

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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 ...

Proportion
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 ...

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staffJune 1, 2018

Deutsche Bank downgraded

FRANKFURT – Deutsche Bank’s CEO is trying to reassure employees that the bank’s turnaround will succeed despite more downbeat news ...

Proportion
staffJune 1, 2018

Greenpeace activists disrupt oil major Total’s AGM

PARIS – Greenpeace activists on Friday disrupted Total’s annual shareholders meeting in protest against the French oil and gas major’s ...

Proportion
staffMay 31, 2018

China to lower import tariffs for some consumer goods

China will cut import tariffs for some consumer products from most favored nations from July 1, the finance ministry said ...

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staffMay 28, 2018

EU proposes ban on straws, other single-use plastics

BRUSSELS – The European Union proposed Monday a bloc-wide ban on single-use plastics such as straws, cutlery and cotton buds ...

Proportion
staffMay 28, 2018

US record oil exports bite into Russia, OPEC market share in Asia

SINGAPORE – Record crude oil volumes exported from the United States will be heading to Asia in the next couple ...