Economy

London: GlaxoSmithKline (GSK) has withdrawn from the race to buy Pfizer's consumer healthcare business, the British company said on Friday, endangering...

Beijing: The United States has flouted trade rules with an inquiry into intellectual property and China will defend its interests, Vice Premier Liu He told...

Muscat: Omani hospitality company, Al Zaman Hospitality, a subsidiary of Al Zaman Group, acquires controlling stake in Swiss coffee house chain Kaffee...

Berlin: Germany will pile no new debt over the next four years, Social Democrat Finance Minister Olaf Scholz said on Thursday, sticking to the strict fiscal...

London: The dollar dropped to a one-month low against a basket of currencies on Thursday after the Federal Reserve issued a forecast for future policy that...

Muscat: Orpic Logistic Company, a joint venture between Oman Oil Refineries and Petroleum Industries Company (Orpic) and CLH officially inaugurated on...

Muscat: C-suite executives from over 100 of UAE’s companies said the digital economy is expanding in the Arabian Gulf and many among them were planning to...

Moscow/Toronto: Moscow-based Kaspersky Lab plans to open a data centre in Switzerland to address Western government concerns that Russia exploits its...

Sydney: Business confidence among Asian companies rose in the first quarter to the highest level in seven years, a Thomson Reuters/INSEAD survey showed, as...

Brussels: The European Commission will propose rules on Wednesday designed to make digital companies pay their fair share of tax and set to hit US tech...