Gulf news

1 November 2018 00:07 AM ShopBack sheds light on opportunities in e-commerce

ShopBack gives shoppers cashback on purchases made from any of its more than 1,500 partner merchants

Global Reports

1 November 2018 00:01 AM Zombie companies pose labour risk

A zombie firm is one that is at least 10 years old but is unable to cover its costs with its profits

Global Reports

31 October 2018 08:40 PM Hyundia, Kia to launch solar-charging auto roofs

Two South Korean automakers on Wednesday unveiled plans to install a “solar roof” on a number of vehicles.

Global Markets brief

31 October 2018 08:24 PM Renault-Nissan-Mitsubishi fund invests in China self-driving startup WeRide.ai

Alliance Ventures, the corporate venture capital fund of Renault-Nissan-Mitsubishi partnership, on Wednesday announced a Series A funding round in WeRide.ai, an autonomous driving company.

Global Reports

31 October 2018 07:43 PM GBP gains on Raab’s Brexit deal forecast

The British pound rose on Wednesday following statements by UK Brexit Secretary Dominic Raab.

Global Markets brief

31 October 2018 07:40 PM OPEC crude output rises to 2-yr peak – report

The Organization of Petroleum Exporting Countries has ramped up its oil production in October to the highest level in almost two years

Oil and Energy

31 October 2018 07:04 PM General Motors swings to profit in Q3

General Motors on Wednesday said that it turned a profit in the third quarter of 2018, while its net revenue rose 6.4%.

Goods and Metals

31 October 2018 06:36 PM US crude stockpiles build up; oil prices drop

US crude oil inventories rose by 3.2 million barrels to 426 million barrels in the week ended 26 October

Global Reports

31 October 2018 05:54 PM US employment costs rise on higher private-sector pay

US employment costs rose in the third quarter of 2018 as increases in private wages and salaries picked up steam.

Goods and Metals

31 October 2018 05:23 PM Standard Chartered profit jumps 35% in Q3

London-headquartered Standard Chartered on Wednesday posted a 35% year-on-year rise in its net income during the third quarter of 2018.

Goods and Metals

31 October 2018 04:39 PM German retail trade recovers slightly in September

German retail sales picked up slightly in September, after two months of declines

Global Reports

31 October 2018 04:30 PM US private sector adds 227,000 jobs in October

Mubasher: The US private sector added more 227,000 jobs in October, according to a payroll report on Wednesday.

Global Economy

31 October 2018 03:42 PM Siemens to set up $681m tech hub in Berlin

Siemens AG on Wednesday announced plans to invest up to EUR 600 million ($681 million) to create an industrial and technology hub in Berlin.

Global Markets brief

31 October 2018 03:05 PM Ford, Baidu partner to test driverless cars on China roads

Ford and Chinese internet giant Baidu launched a two-year project on Wednesday to test autonomous vehicles on Chinese roads.

Global Markets brief

31 October 2018 02:23 PM Eurozone joblessness stabilises at 8.1% in September, 6.7% in EU28

Eurozone unemployment stood at 8.1% in September, unchanged from August, remaining at the lowest level seen since November 2008, according to official data released.

Global Reports

31 October 2018 02:10 PM Eurozone annual inflation to edge up to 2.2% in October

Preliminary reading suggested that the Eurozone annual inflation would rise to 2.2% in October, from 2.1% in September.

Global Reports

31 October 2018 01:51 PM India unveils world’s tallest statue to honour independence hero

India on Wednesday inaugurated a $400-million effigy of independence hero Vallabhbhai Patel, which towers nearly as twice as the height of Statue of Liberty.

Global Markets brief