Business

Frankfurt: Bank profits should be able to withstand ultra low euro zone interest rates for up to a decade, a research paper published by the European...

Washington: US consumer spending recorded its biggest increase in more than eight years in September, likely as households in Texas and Florida replaced...

London: The Bank of England (BoE) looks set to step into the unknown on Thursday, when it is expected to raise interest rates for the first time since 2007...

Oslo: The African Development Bank has called off a loan to Nigeria that would have helped fund the country's budget, instead redirecting the money to...

Beijing: Growth in China's manufacturing sector cooled more than expected in October in the face of tighter pollution rules that are forcing many steel...

Shanghai: Shanghai stocks erased earlier losses to end slightly higher on Tuesday, underpinned by strong gains in transport firms even as China posted a...

Paris: Airbus said on Tuesday it had uncovered problems involving the use of sales agents to sell US arms technology, dragging the United States for the...

Dubai: All six countries in the Gulf Cooperation Council remain committed to introducing value-added tax, though they will do so at different speeds, a...

Dubai: The International Monetary Fund has endorsed an ambitious Saudi Arabian plan to build a $500-billion business and industrial zone extending into...

Muscat: Sayyid Badr bin Saud bin Harib Al Busaidi, Minister Responsible for Defence Affairs launched at his office at Bait Al Falaj on Monday “The...