Business

London/Frankfurt: German banks are struggling to recoup tens of billions of dollars of loans as a global shipping industry slump hits them hard. The lenders...

Ljubljana: The European Central Bank's (ECB’s) stimulus measures are working, so there is no need now for a change, and even if adjustments become...

New York: US safety regulators started an official recall of Samsung Electronics Co.’s Galaxy Note 7 smartphone, about two weeks after the company halted...

SHANGHAI/SYDNEY: Apple fans from Sydney to Shanghai, the first customers worldwide to snap the new iPhone 7 off the shelves, cheered as they left stores on...

San Francisco: Oracle reported quarterly revenue that fell short of analysts’ estimates, highlighting its struggles to transition to new cloud-based...

Sydney: Apple Inc fans from Sydney to Shanghai, the first customers worldwide to snap the new iPhone 7 off the shelves, cheered as they left stores on...

London: Amid the most enduring global oil glut in decades, two Opec crude producers whose supplies have been crushed by domestic conflicts are preparing to...

Mumbai: The rupee reversed early gains and fell to a two-week low after a report India’s government may discuss a plan to devalue the currency. The trade...

Singapore: A Singapore-based shipping trust that operates container ships is asking creditors for leniency on about $253 million of debt, in the latest sign...

Muscat: Oman and Pakistan have agreed to intensify cooperation across the entire spectrum of bilateral relations, with the visit of Sartaj Aziz, advisor to...