China’s Geely turns to Volvo trucks in latest Swedish venture
STOCKHOLM: China’s Geely Holding , owner of the Volvo car brand, is buying an 8.2 per cent stake in Swedish truck maker...
Iraq plans to sell oil through Iran if talks with Kurds fail
Iraq's government would consider selling crude through Iran should talks with the autonomous Kurdish region on an oil revenue-sharing agreement fail, a...
Chinese investment bank shares plunge as CEO goes missing
BEIJING: China Renaissance Holdings Ltd (1911.HK) saw its shares plummet by as much as 50% on Friday after the investment bank said...
Canada set to postpone Huawei 5G decision to after vote, given sour ties with China – sources: Reuters report
OTTAWA: Canada is likely to postpone a decision on whether to allow China’s Huawei Technologies Co Ltd to supply 5G network equipment...
Amazon closes deal to acquire Souq.com & Payfort
One of the largest global retailers Amazon has confirmed that it has acquired Souq.com- Middle East’s largest e-commerce chain. The price of...
Iran wants pre-sanctions oil market share: minister
Iran wants its pre-sanctions share of the crude oil market, Oil Minister Bijan Zanganeh said Friday ahead of an informal OPEC meeting...
Uber reports $708m loss as revenue grows
 Ride-hailing giant Uber has reported another multi-billion dollar loss even as its revenues grow.
The San Francisco-based company said Thursday that its losses...
Phillips to acquire Spectranetics for $2.2b
The Hague: Dutch electronics and health care technology company Philips says it has an agreement to buy The Spectranetics Corporation in a...
Pakistan and Iran to reopen banking channels
State Bank of Pakistan (SBP) and the Central Bank of Iran (CBI) are expected to sign an agreement in the next week...
Japan keen to invest in human resource development in Pakistan
ISLAMABAD: The 5th Pakistan - Japan high-level economic policy dialogue was held on April 26, 201,8 in Islamabad. The high-level dialogue is...
Uber to stop its ride sharing services UberPOP in Norway
OSLO: Uber announced Monday it was suspending its UberPOP ride-sharing service in Norway until adequate legislation had been adopted in the Scandinavian...
Apple to add 2 more R&D centres in China
Apple will set up two new research and development centres in Shanghai and Suzhou in China, it said in a statement in...
Oil falls to a three-month low as US supply rises
Oil hovered around a three-month low on Monday as rising US stockpiles and drilling activity offset the optimism over Organization of the...
PIA aims to make use of electronics ban on US, UK-bound flights
In a Twitter post, the national airline apprised potential passengers about being unaffected by the recent ban on carrying large electronic devices...
Indonesian plane crashes after take-off with 62 aboard
JAKARTA: A Sriwijaya Air plane crashed into the sea on Saturday minutes after taking off from Indonesia’s capital Jakarta on a domestic flight...