COMPANIES

Top 5 British FinTech Startups

LONDON: The great city of London has been the traditional capital of finance and business for the world. More recently, it has also become...

Microsoft’s market value overtakes Apple

SAN FRANCISCO: Microsoft Corp’s (MSFT.O) stock market value closed above Apple Inc’s (AAPL.O) for the first time in eight years on Friday as the...

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...

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...

MONEY

India’s rupee slides as central bank chief quits

NEW DELHI: India’s rupee plunged on Tuesday after the country’s central bank chief quit following a dispute with the government that analysts say raises...

World Bank to invest $200 billion to fight climate change

WARSAW: The World Bank has announced to invest $200 billion between 2021 to 2025 to support countries to take ambitious steps to fight climate...

Sterling set for third weekly drop

LONDON: Sterling fell on Friday and was headed for a third consecutive week of losses as caution grew among investors about the British parliament’s...

Cryptocurrency market crash of 2018

LONDON: This week has seen the most spectacular cryptocurrency market crash of 2018, with bitcoin price dropping to as low as $4,119.  In the start...

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...

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...

COMMODITIES

Macron suspends fuel tax to calm French protesters

PARIS: The French prime minister Edouard Philippe suspended increases to fuel taxes for six months in response to weeks of fierce protests. Prime minister Philippe announced...

900 years old gold coins found in Israeli city of Caesarea

TEL AVIV: A treasure trove of rare gold coins and jewellery has been discovered in the ancient port city of Caesarea in northern Israel. Around 24...

Qatar pulls out of Saudi-led oil coalition OPEC

VIENNA: The the gas and oil rich gulf nation of Qatar has announced to withdraw from the Organisation of the Petroleum Exporting Countries (OPEC) days before...

Oil price drops; Russia output cut

NEW YORK: Oil prices edged lower on Friday due to concerns of oversupply and a strong dollar but losses were limited by expectations that...

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...

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