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Saudi Arabia, Japan's SoftBank partner for massive solar deal
AFP, Published on 28/03/2018
» TOKYO: Saudi Arabia and Japan's SoftBank will partner to develop a massive, multi-billion-dollar solar project in the kingdom that could generate 200 gigawatts by 2030, SoftBank said Wednesday.
Ride-hailing apps run Indonesian tuk-tuks off road
AFP, Published on 25/03/2018
» JAKARTA: Auto-rickshaw driver Zainuddin used to make decent money navigating Jakarta's congested roads and narrow alleyways.
US crude exports becoming bigger presence in global oil
AFP, Published on 18/03/2018
» NEW YORK: Boosted by surging output, the United States is becoming a significant exporter of crude oil, a shift that is remaking American infrastructure and altering the global petroleum market.
Hong Kong tycoon Li Ka-shing to step down
AFP, Published on 16/03/2018
» HONG KONG: Li Ka-shing, the richest man in this special administrative region of China, has finally stepped down from his business empire at the age of 89, as one of the world's most storied tycoons brings his career to a close almost 70 years after founding his first company.
Cathay Pacific sees annual loss, outlook upbeat
AFP, Published on 14/03/2018
» HONG KONG - Hong Kong flag carrier Cathay Pacific on Wednesday booked the first back-to-back annual loss in its seven-decade history but said it was in the black for the second half and was upbeat about the next year.
France gears up for next wave of asset sales
AFP, Published on 11/03/2018
» PARIS: French President Emmanuel Macron will be putting his investment banking chops to use in coming weeks as his government prepares a new wave of state asset sales to pay for his "disruptive innovations" fund.
Saudi to spend billions on Western-style entertainment
AFP, Published on 22/02/2018
» RIYADH: Saudi Arabia announced plans Thursday to spend billions on building new venues and flying in Western acts, in a total overhaul of its entertainment sector that would been unthinkable not long ago.
Global panic fades as Wall Street stems stock bleeding
AFP, Published on 06/02/2018
» LONDON: A collective sigh of relief swept across global trading floors on Tuesday as bargain hunters swooped on Wall Street stocks, stemming a haemorrhage that had been spreading panic among investors.
Trump angers China, Korea with new trade tariffs
AFP, Published on 23/01/2018
» WASHINGTON: President Donald Trump has approved steep tariffs on imports of solar panels and washing machines to protect US producers, triggering an outcry in China and South Korea and even protests at home.
Seoul sends bitcoin on rollercoaster ride
AFP, Published on 11/01/2018
» Bitcoin and other virtual currencies were sent on rollercoaster rides in South Korea Thursday as the government said it was planning to ban cryptocurrency exchanges, before later backtracking.