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Electronics major Philips raided by European Commission

Friday, 06 December 2013 21:23
The Hague : Inspectors from the European Commission conducted searches at Duttch electronics company Philips as part of an investigation of online sales by several electronics companies, Dutch media reported Friday.Philips stated that the company "fully cooperated" with the investigations.…

UAE firm launches city tours and desert safaris

Friday, 06 December 2013 15:07
Abu Dhabi : Hala Abu Dhabi, a leading destination management company and part of the Etihad Airways Group, has expanded its product portfolio with the introduction of tours and safari services in the UAE.An exciting range of city tours and…

US consumer confidence dips in August

Saturday, 31 August 2013 16:08
Washington: The consumer confidence in the US has dipped in August even as interest rates have gone up, says a consumer sentiment index. The final reading of the consumer sentiment in August edged down to 82.1 from 85.1 in July,…

IMF asks Indonesia to check inflation

Saturday, 31 August 2013 13:04
Washington: The International Monetary Fund has suggested to policymakers in Indonesia to focus on anchoring inflation expectations and controlling its current account deficit in a bid to tackle current economic challenges."Monetary policy should continue to focus on anchoring inflation expectations,…

US probes India's trade, investment, industrial policies

Saturday, 31 August 2013 12:52
Washington: On a complaint by US lawmakers, a US government agency has launched an investigation to examine a wide range of Indian policies that allegedly discriminate against US trade and investment.The US International Trade Commission (USITC) announced Friday it "will…

Canadian economy continues to slow down

Saturday, 31 August 2013 12:26
Ottawa: Canada's economy continued on a slow growth path in the second quarter of the year, according to Statistics Canada.The country's real gross domestic product recorded a paltry 0.4 percent growth, Xinhua reported.That was equivalent to a growth of 1.7…

China keen for reforms, to tackle corruption

Saturday, 31 August 2013 12:22
Beijing: An upcoming meeting of the Communist Party of China in November will be a springboard for major national reforms and anti-corruption will be introduced, an expert said.In a meeting Tuesday, the 25-member political bureau of the party decided that…

Brazil's economy grows in second quarter

Saturday, 31 August 2013 11:44
Rio de Janeiro: Brazil's GDP grew 1.5 percent in the second quarter of 2013 compared to the previous three months, according to official statistics.The figure marked a year-on-year GDP growth of 3.3 percent, Xinhua cited the Brazilian Institute of Geography…

Sri Lanka, South Korea discuss ways to boost investment

Saturday, 31 August 2013 09:30
Colombo: Sri Lankan President Mahinda Rajapaksa met visiting South Korean Prime Minister Chung Hong-won Friday and discussed ways to boost bilateral investment and trade, Xinhua reported.The three-day official visit of Chung from Aug 28 to 30 also saw him visiting…

UAE companies put reputation before profit: Survey

Saturday, 31 August 2013 09:21
Dubai: Once the sole remit of the marketing and public relations departments, reputational risk is now recognised as a critical concern by UAE-based companies, according to a global survey.The survey by Chartered Institute of Management Accountants (CIMA) and the American…