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Category: Business

Turkish inflation falls to lowest level since August

ANKARA: Turkish inflation has dropped below 20 percent for the first time since August last year, reaching 19.67 percent in February, official statistics showed Monday....

Tesla’s store-shuttering strategy may pull the rug out of solar

Tesla cited a cut in prices of its residential solar systems by as much as 25 percent in November, representing savings of between $3,000-$5,000 NEWS DESK SAN FRANCISCO...

EU ready to give UK more guarantees on Brexit: Barnier

NEWS DESK BRUSSELS The European Union is prepared to give Britain further Brexit guarantees to help a divorce deal through the British parliament, the bloc’s chief...

With IPO due, Uber aims to be ‘Amazon of transportation’

NEWS DESK SANTA MONICA Uber, the ridesharing behemoth set to launch a stock offering soon, is aiming beyond sharing car rides to becoming the “Amazon of...

Vale president temporarily steps down after mine tragedy

MONITORING DESK RIO DE JANERO Brazilian mining giant Vale on Saturday accepted the temporary resignation of its president Fabio Schvartsman and three executives, weeks...

UK firms report weakest growth since April 2013: CBI

MONITORING DESK LONDON British businesses reported their weakest growth in nearly six years during the past three months due to fears of a no-deal Brexit and rising...

Donald Trump tweets on OPEC for first time in 2019

NEWS DESK RIYADH Brent crude fell to $65.07 per barrel and WTI dropped to $55.80 at the close of the week, due to a third consecutive month of weak Chinese exports, and...

SNGPL disconnects 675 illegal connections, 116 tempered meters

PESHAWAR: The Task Force of Sui Northern Gas Pipline Limited Sunday during grand operation against illegal consumers during last two weeks disconnected 675 illegal...

Politicians should not use issue of Indian pilot for petty gains

ISLAMABAD: The Pakistan Economy Watch (PEW) on Sunday said our political and military leadership has shattered Indian dream of regional domination through their...

Abu Dhabi Oscar winner turns gaze toward Saudi Arabia

DUBAI: It is not every day you get to meet an Oscar winner. Last week, the genial and straight-talking Michael Garin, CEO of Abu Dhabi film production company Image...