Friday, July 19, 2019
Home Business Page 90

Business

Get the latest Gulf and asian business and financial news and share your opinions on corporate local market, finance, housing, unemployment and other business matters.

Holiday makers are celebrating the end of astronomical roaming charges after new rules were announced to cut the cost of using a mobile phone to call loved ones or check emails while abroad within the EU. The new price caps come into force on Sunday, just in time for the...
THE days of nine to five are over with more workers now putting in 12-hour days - and it's all thanks to technology. As more of us check email from home or our smartphones the typical working day now starts at 7.17am and finishes at 7.02pm. These are the findings of...
David Cameron said Barclays' board had "serious questions to answer" over Libor fixing as George Osborne prepared to address Parliament about the scandal amid calls for Bob Diamond, the bank's chief executive, to resign. David Cameron, the prime minister, said on the bank's £290m fine for attempting to manipulate Libor,...
Tuscany is almost as legendary as it is exclusive. But if you’re interested in vacationing in true Italian style, you don’t have to settle for a tiny villa — you can buy a whole 800-year-old village on eBay for 2.5 million Euro ($3.1 million). The village of is 22 miles east of Florence...
AFP - France must find up to 10 billion euros to cut its public deficit to 4.5 percent of gross domestic product (GDP), Finance Minister Pierre Moscovici said on Monday. Moscovici told iTele television that the new socialist government was looking for seven to 10 billion euros ($12.5 billion), and...
Media giant Thomson Reuters has confirmed the takeover of local online finance and business portal Zawya, in a deal exclusively reported by Arabian Business last month. The value of the sale was not disclosed, but Arabian Business reported in May that the deal could be worth approximately US$40m. "Zawya has built...
NAGOYA — Toyota Motor Corp. and BMW AG will expand their alliance on so-called eco-friendly cars, with the Japanese automaker providing its hybrid and fuel-cell technologies to the German partner in exchange for technologies that reduce vehicle weight, Toyota sources said Monday.   By sharing their technologies in the promising field,...
  RBS is warning its 17 million customers that the backlog caused by a technical glitch could take at least another two days to clear, meaning that the computer failure will have lasted for more than a week. Customers deluged online forums with complaints yesterday, saying that they were unable to...
Dubai: His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, will select five individuals to be recognised as “Expo Ambassadors” as part of a national campaign, entitled “Be part of it”, to officially support the UAE’s bid to host...
BERLIN: Germany's best-selling newspaper was given away free to almost all of the country's 41 million households on Saturday in a controversial celebration of the daily's 60th anniversary that set a world record for largest circulation. Bild newspaper - a tabloid-style daily both feared and respected for its massive influence...
The Chief Executive of NatWest owner RBS stephen Hester has apologised for the technical problems which left customers unable to pay bills or access their money. The bank will open 1,200 branches nationwide on Sunday to clear the backlog of issues after the computer software glitch was finally fixed. Payments to...
The 40 richest people in the Philippines saw their wealth grow over $13 billion to $47.4 billion this year, thanks to a booming remittance-driven economy that outperformed most of the country’s neighbors, according to the latest issue of Forbes Asia. The increase in wealth produced 15 billionaires, up from 11...
MUMBAI: The Indian rupee fell to a new low against the dollar on Friday, breaching the 57 rupee mark for the first time, as global uncertainty pushed investors to the safe-haven US currency. The Indian unit, which has depreciated more than 10 per cent since the start of April, fell to...
Sony Corp. plans to invest about ¥50 billion in scandal-tainted Olympus Corp. for a capital and business tieup and become the medical equipment and camera maker's top shareholder with a 10 percent stake, sources said Friday.   Panasonic Corp., which had been seen as the leading candidate for an alliance with...
The Syrian novelist Samar Yazbek recognises government thugs as soon as they get out of their car: "Puffed-up muscles, tattoos, broad chests, an arrogant gaze, death." She has the novelist's eye for telling detail. Born in 1970 into an affluent and influential family, she comes from the same Alawi...
LONDON, JUN 21 - Britain's Queen Elizabeth has another reason to be cheerful in her Diamond Jubilee year - her annual pay is about to jump by 20 percent to 36 million pounds. Her property holdings, known as the Crown Estate, posted a record profit of 240.2 million pounds ($377.4...
China's tourism-related investment is expected to grow fast to hit 3.2 trillion yuan ($503.24 billion) in 2012, Liu Feng, founder of Beijing Davost Intelligence Group, an intelligence service provider of tourism, predicted on June 16 at the 2012 China Tourism Projects Investment Conference in Beijing. In the first quarter of...
Private companies will be running large parts of the UK's police service within five years, according to the world's biggest security firm. David Taylor-Smith, the head of G4S for the UK and Africa, said he expected police forces across the country to sign up to similar deals to those on...
Indians’ money in Swiss banks may have risen for the first time in five years, but they account for a meagre 0.14 per cent of total foreign wealth deposited there — putting India at 55th place globally for such funds. The total overseas funds in Switzerland’s banking system stood at...
Despite the global financial crisis in Europe, Bali remains optimistic that its tourism growth will continue to improve in the future. The head of Bali Tourism Agency, Ida Bagus Kade Subhiksu, revealed that during the first quarter of 2012, there had been a 10.74 percent growth of visitors, amounting to...
Helsinki (ANTARA News) - The Finnish mobile phone manufacturer Nokia announced Thursday that it plans to cut 3,700 jobs in Finland and up to 10,000 positions worldwide by the end of 2013 to save costs. Nokia aims to chop expenditures by some 1.6 billion euros (2.0 billion U.S. dollars) by...
Inner Mongolia Yili Industrial Group, one of China's biggest dairy product manufacturers, suffered a setback when batches of baby formula were found to contain excessive mercury. The company is recalling all formula milk powder for infants in the Quanyou 2, 3 and 4 series produced from November 2011 to...
Prime Minister Manmohan Singh on Saturday voiced concern that continuing problems in the eurozone will further dampen global markets and adversely impact India’s own economic growth. Dr. Singh also said that the need to revive global growth should be an issue of immediate concern which must be addressed by world...
A scramble for cheap African farmland by foreign investors threatens to leave millions of people without water and could ultimately drain the continent's rivers, a report warns. "If these land grabs are allowed to continue, Africa is heading for a hydrological suicide," said the report's co-author Henk Hobbelink, coordinator of...
MEDAN, Indonesia Today - A mob of hundreds of men attacked one operational car and waste pipeline of PT Agincourt, operator of Martabe gold project in Batangtoru, North Sumatra.  According to local newspaper Analisa Daily, the group rejects the establishment of PT Agincourt’s waste pipeline to Batangtoru River. “The people...