BUSINESS

Tesco wins UK regulator’s final approval for Booker takeover ​

LONDON: Britain’s competition regulator on Wednesday gave final clearance to Tesco’s (TSCO.L) 3.7 billion pound takeover of wholesaler Booker (BOK.L), tightening the grip of...

David Cameron to lead £750m British-China trade fund

HONG KONG: Former British prime minister David Cameron is to lead a billion dollar trade and investment fund between UK and China. Cameron will take...

No to investment in gambling and sex, says China

SHANGHAI: A recent crackdown by China on overseas investments has been assumed to be mainly focused on high-profile acquisitions of things like hotels and...

Air Berlin CEO sees two or three buyers for its assets

BERLIN: Air Berlin has spoken with more than 10 parties interested in parts of the insolvent carrier and expects its assets will be divided...

UK to release tranche of Brexit position papers

LONDON: Britain will issue a cluster of new papers this week to outline its strategy positions in divorce talks with the European Union, ranging...

Uber’s revenue hits $6.5 billion in 2016, still has large loss

Ride-hailing service Uber Technologies Inc generated $6.5 billion in revenue last year and its gross bookings doubled to $20 billion, the company said on...

U.S. retail sales, inflation data highlight weak first quarter growth

NEW YORK: U.S. retail sales fell for a second straight month in March and consumer prices dropped for the first time in just over...

New Silk Road, first train from London leaves for China

LONDON: The journey to connect London to China by reviving the old silk road  under China’s One Belt, One Road initiative started with the first...

MARKETS

TECH

Silk Road Initiative Offers Economic Benefits from China to Europe

Introduction In 1948, the US made one of the best and most successful decisions in its foreign policy history. It approved the Marshall Plan to...

From Aid to Trade: Getting Afghanistan on its economic feet

LONDON: On 23rd June 2015, Christopher Kolenda, a good friend, senior military fellow at King’s College London and former adviser to General McChrystal, presented...

The art of ethically influencing people

Sorry, no tips, tricks or techniques here but let’s talk about what it takes to become a master persuader. Saying there are tips, tricks...

POLITICS

Trump eyes Afghanistan’s mineral riches

KABUL: U.S. President Donald Trump is eyeing Afghanistan's mineral wealth to help pay for a 16-year war and reconstruction efforts that have already cost...

No to investment in gambling and sex, says China

SHANGHAI: A recent crackdown by China on overseas investments has been assumed to be mainly focused on high-profile acquisitions of things like hotels and...

UK to release tranche of Brexit position papers

LONDON: Britain will issue a cluster of new papers this week to outline its strategy positions in divorce talks with the European Union, ranging...

Brazilians glued to TV screens over corruption claims

BRASILIA: Brazilians are glued to a mesmerizing, disturbing new version of reality TV: back-to-back broadcasts of jailed executives accusing President Michel Temer and almost...

India offers $10 billion investment, $5 billion loan to Bangladesh

NEW DELHI: India will invest up to $10 billion in Bangladeshi sectors including infrastructure and medicine and will provide $5 billion in loans, including...

Ukraine to receive $1 billion from IMF, Poroshenko

KIEV: The International Monetary Fund (IMF) has approved $1 billion loan payment to Ukraine, the Ukrainian President Petro Poroshenko has announced on Monday. Poroshenko wrote...
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ENTREPRENEURSHIP

Bitcoin drops as Coinbase launches Bitcoin Cash

HONG KONG: Bitcoin prices plunged about 15 percent in Asian trade on Wednesday before recouping some of the losses. Bitcoin fell Tuesday after Coinbase, the...

David Cameron to lead £750m British-China trade fund

HONG KONG: Former British prime minister David Cameron is to lead a billion dollar trade and investment fund between UK and China. Cameron will take...

Second bitcoin futures debut could lure volume to wild market

NEW YORK: Bitcoin investors expect futures volumes to perk up when CME Group Inc, the world’s largest derivatives exchange operator, launches its own contract...

AI revolution will be all about humans, says Siri trailblazer

It's 2050 and the world revolves around you. From the contents of your fridge to room temperature -- digital assistants ensure your home runs smoothly....

No to investment in gambling and sex, says China

SHANGHAI: A recent crackdown by China on overseas investments has been assumed to be mainly focused on high-profile acquisitions of things like hotels and...

LIFESTYLE

HOW TO COOK THE PERFECT CHRISTMAS DINNER

LONDON: Top Knightsbridge restaurateur Marcus Wareing gives his top tips on how to prepare the ultimate festive feast this Christmas The main thing to do...

French sailor sets new record for the fastest trip around the...

BERLIN: Frenchman Francois Gabart smashed the world record for the fastest non-stop solo navigation of the globe on Sunday, completing the mammoth feat in...

More than half of Britons now want to stay in EU...

LONDON: A poll has found that 51 percent of Britons would now keep European Union membership while 41 percent want to leave the bloc,...

Brazilians glued to TV screens over corruption claims

BRASILIA: Brazilians are glued to a mesmerizing, disturbing new version of reality TV: back-to-back broadcasts of jailed executives accusing President Michel Temer and almost...

The Billionaire Capital of the World Named

LONDON: Beijing has beaten New York City for the second year in a row to become the "Billionaire Capital of the World", according to...

DON'T MISS

Uber hires NASA engineer to develop flying cars

SAN FRANCISCO: Uber is making moves to expand the scope of its flying car experiment – the company just hired NASA engineer Mark Moore. Moore,...

A gentleman’s guide to getting beach body

DUBAI: Just as abs are made in the kitchen, beach bodies are built in January – or at least the foundations laid. Like most clichés,...

China’s oil giant signs $1.77 bn Abu Dhabi deal

ABU DHABI: The China National Petroleum Corporation on Sunday secured an eight-percent share in an onshore oil concession in Abu Dhabi in a deal...

The Ukraine conflict: Five things to know

KIEV: The war between Kiev and Moscow-backed rebels has killed more than 10,000 people, rattled eastern Europe and plunged relations between the West and...

From Aid to Trade: Getting Afghanistan on its economic feet

LONDON: On 23rd June 2015, Christopher Kolenda, a good friend, senior military fellow at King’s College London and former adviser to General McChrystal, presented...

Morgan Stanley, UBS to raise stakes in China securities JVs to 49 percent: sources

BEIJING: Morgan Stanley (MS.N) and UBS Group AG (UBSG.S) are set to raise holdings in their separate Chinese securities joint ventures to 49 percent,...

Islamic countries refuse to stand up for Muslims against Trump

WASHINGTON: At a time when Jews, Christians, Hindus, Buddhists, members of LGBT community and even Atheists came out across the globe to stand up in solidarity...

China becomes the world’s biggest solar power producer

HONG KONG: China's installed photovoltaic (PV) capacity more than doubled last year, turning the country into the world's biggest producer of solar energy by...

S.Africa and EU fight over chicken meat ‘dumping’

PRETORIA: South Africa's poultry industry says it is on the brink of collapse due to hotly-denied accusations that the European Union is dumping cheap...

PetroChina aims for 7 percent boost in 2017 natural gas sales

BEIJIN: China's biggest energy giant PetroChina aims to achieve sales of 150 billion cubic meters of natural gas this year, up from about 140...

Alibaba Group expands into Australia and New Zealand

MELBOURNE: Chinese online retailer Alibaba Group opened its Australian and New Zealand headquarters in Melbourne on Saturday, its first expansion in the region as it seeks...

WORLD

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