Qatar commits USD 500 million to UN, signs multi-year agreements

Monday, 17 December 2018 10:21
Qatar announced a series of agreements with the United Nations that is to see $500 million injected into UN programmes over the next few years. Qatari Deputy Prime Minister and Foreign Minister Sheikh Mohammed bin Abdulrahman al-Thani and Secretary General…

Musk hints at Boring Company’s first tunnel launch in US

Saturday, 15 December 2018 16:32
Billionaire Elon Musk on Saturday tweeted a photograph with “The Boring Company” and “December 18” on it, indicating that his infrastructure and tunnel construction firm is set to launch its first tunnel under Los Angeles in the US. Boring Company…

Wall Street collapses, S&P 500 ends at lowest since April

Saturday, 15 December 2018 11:47
US stocks fell sharply on Friday as investors grew concerns over a possible slowdown of the global economy and a slew of corporate news. The Dow Jones Industrial Average was down 496.87 points, or 2.02 percent, to 24,100.51. The S&P…

EU ruling on Apple unfair: White House

Wednesday, 31 August 2016 12:13
Washington: The White House has termed the European Commission's order for tech giant Apple to pay 13 billion euros in taxes to Ireland as unfair.According to White House Press Secretary Josh Earnest, the decision is amounted to a "transfer of…

Microsoft sells MSN China operations

Wednesday, 31 August 2016 12:16
Beijing: US tech giant Microsoft has sold MSN China -- a Chinese edition of its global web portal -- to its local partner Xichuang Technology (Beijing) Co. Ltd founded by the portal's top executive.Microsoft said on its official blog that…

Apple must pay Ireland up to 13 bn euros in taxes: EU

Tuesday, 30 August 2016 17:35
London: In a setback to US tech giant Apple just before the much-awaited launch of its iPhone 7, the European Commission on Tuesday announced that Ireland must demand 13 billion euros in taxes from the Cupertino, San Francisco-based company."We have…

Japan's unemployment rate drops 3%, lowest in 21 years

Tuesday, 30 August 2016 08:36
Tokyo: Japan's unemployment rate dropped to 3 per cent in July marking the lowest level in 21 years, the government announced on Tuesday.According to the Ministry of Internal Affairs and Communications, the unemployment rate on a seasonally adjusted basis was…

Oil prices decline amid output glut

Tuesday, 30 August 2016 08:32
New York: Oil prices fell on market concerns over increasing Middle East crude output and a stronger US dollar.The West Texas Intermediate for October delivery on Monday lost $0.67 to settle at $46.97 a barrel on the New York Mercantile…

France calls on World Bank to aid vulnerable states

Tuesday, 30 August 2016 08:26
Paris: French President Francois Hollande called on the World Bank to further bolster financial aid to the world's poorest countries and most vulnerable states, notably in the Sahel and the Middle East.At a meeting with World Bank President Jim Yong…

US dollar mixed on Yellen's speech, data

Tuesday, 30 August 2016 08:25
New York: The US dollar traded mixed against other major currencies as investors were digesting the recent remarks by Federal Reserve Janet Yellen and newly-released economic data from the country.In late New York trading on Monday, the euro rose to…