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BUSINESS

Huawei says sales rose 18% in 2019 despite US pressure

Associated Press, Published on 31/12/2019

» BEIJING: Chinese telecom giant Huawei Technologies said Tuesday that its sales rose about 18% in 2019 despite US moves to restrict its business.

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BUSINESS

Burger King brings a plant-based Whopper to Europe

Associated Press, Published on 12/11/2019

» Burger King is introducing a plant-based burger in Europe. But it's not the Impossible Whopper that's been a hit with US customers.

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BUSINESS

Thomas Cook in race to avoid collapse

Associated Press, Published on 21/09/2019

» LONDON: Thomas Cook, one of the world's oldest and largest travel companies, is facing a race against time to stay afloat and ensure that around 150,000 British holidaymakers travelling abroad can get home.

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BUSINESS

Asian shares mostly up on optimism about US-China trade war

Associated Press, Published on 27/08/2019

» TOKYO: Asian shares mostly rose Tuesday as investors found reason to be cautiously optimistic again about the potential for progress in the costly trade war between the US and China.

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BUSINESS

Asian shares tumble as US-China trade war renews uncertainty

Associated Press, Published on 26/08/2019

» TOKYO: Asian shares tumbled Monday after the latest escalation in the US-China trade war renewed uncertainties about global economies, as well as questions over what President Donald Trump might say next.

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BUSINESS

Ford to cut 12,000 jobs in Europe

Associated Press, Published on 27/06/2019

» FRANKFURT: Ford Motor Co says it is shedding 12,000 jobs in Europe as it streamlines its operations in the region to increase profitability.

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BUSINESS

Boeing 737 Max 8 woes crimp Asian airlines' growth plans

Associated Press, Published on 07/05/2019

» SINGAPORE: Asian airlines are cutting routes, revamping their schedules and leasing extra aircraft to fill gaps left by the grounding of Boeing 737 Max 8s after deadly crashes in Indonesia and Ethiopia killed 346 people.

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BUSINESS

Malaysia says revised China deal shows costs were inflated

Associated Press, Published on 15/04/2019

» KUALA LUMPUR: Malaysia's prime minister said Monday a Chinese company building a rail link across the Southeast Asian nation will jointly help to manage and operate the network, part of revised deal that will get the stalled project off the ground at a lower cost and ease strained relations.

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BUSINESS

Subway first step in easing Jakarta's carmageddon

Associated Press, Published on 18/03/2019

» JAKARTA: Commuting in Indonesia's gridlocked capital will for some involve less frustration, sweat and fumes when its first subway line opens later this month.

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BUSINESS

US economic growth falters, falls below 3%

Associated Press, Published on 01/03/2019

» WASHINGTON: The US economy slowed in the final three months of last year to an annual growth rate of 2.6%, the slowest pace of the year, as the government shutdown and other factors took a toll on growth.