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Thursday, January 18, 2018

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Vodafone, Idea in $23 billion deal to create new Indian telecom leader

NEW DELHI: Britain's Vodafone Group and Idea Cellular agreed on Monday to merge their Indian operations in a $23 billion deal, creating the country's...

Supermarkets in Sweden use lasers to label organic products

MALMO: Something high-tech is happening in the produce aisle at some Swedish supermarkets, where laser marks have replaced labels on the organic avocados and...

BHP produces record amount of iron ore

MELBOURNE: BHP Billiton Wednesday said it reached record Australian iron ore production in the last six months of 2016, allowing the world's largest miner...

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...

Key Silk Road Investment Forum 2017, to be held in London

LONDON: One of the most important events of the year, Silk Road Investment Forum 2017, is being hosted by Claret Consulting in collaboration with Westminster...

South Africa’s credit rating downgraded to junk

CAPE TOWN: South Africa's credit rating has been downgraded to junk status by Standard & Poor’s (S&P) following the political crisis in the country.

Ex-Goldman banker Mnuchin installed as US Treasury secretary

WASHINGTON: President Donald Trump swore in former Goldman Sachs banker and Hollywood financier Steven Mnuchin as Treasury secretary on Monday, putting him to work...

Swiss commodities trader to test Blockchain technology

ZURICH: Swiss firm Mercuria, one of the largest commodities traders in the world, will put to test the first large oil trade transaction powered...

ING faces $800 million probe over corruption in Uzbekistan

AMSTERDAM: ING is facing a criminal investigation by Dutch prosecutors into its role in money laundering and corruption in Uzbekistan that could result in...

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...

Snap’s shares pop after year’s biggest IPO

NEW YORK: Snap Inc's shares ended up 44 percent on their first day of trading as investors flocked to buy into the hottest technology...

UAE takes lead to lure foreign talent with visa scheme

DUBAI: The cabinet of United Arab Emirates has approved a new entry Visa system focused on attracting professionals and talented people to UAE on Sunday. UAE...

Gadget mountain rising in Asia threatens health, environment

JAKARTA, Indonesia: The waste from discarded electronic gadgets and electrical appliances has reached severe levels in East Asia, posing a growing threat to health...

Dollar drops as Trump talks currency wars

LONDON: The dollar was put on the defensive in Asia on Wednesday after the Trump administration accused Germany and Japan of devaluing their currencies...

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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 worth $1.77 billion, the Emirate company said. The Chinese giant signed a...

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 a hypothetical doomed scenario of how things could wrong in...

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, people with direct knowledge of the developments said on Monday. China...

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 chicken in the country in a dispute over free trade. Workers...

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