Toshiba not impressed by Western Digital’s last-ditch chip bid

Toshiba favours the higher bid of Broadcom  Tokyo: Toshiba Corp  said on Friday it was not convinced by Western Digital Corp CEO Steve...

Sterling dives, FTSE thrives after UK election shock

Pound sterling falls by 2.5pc on Friday London: Sterling tumbled as much as 2.5 percent on Friday, while the FTSE share index opened...

Softbank buys robotics leader Boston Dynamics from Google

Softbank acquires robotic pioneer Boston Dynamics from Google Tokyo: Japanese internet, solar and technology company SoftBank Group Corp. is buying robotics pioneer Boston...

Qatar LNG project not affected by Arab tension says: ConocoPhillips

ConocoPhillips owns a 30pc stake in an LNG project operated by Qatargas Doha/Houston: ConocoPhillips said on Thursday that production and exports of liquefied...

Abu Dhabi petroleum port eases limits on oil tankers sailing to and from Qatar

Abu Dhabi Abu Dhabi petroleum port authorities have eased restrictions on oil tankers going to and from Qatar, according to industry sources and...

Exxon says Qatar LNG not affected by Arab states tension

Doha Exxon Mobil Corp  said on Tuesday that production and exports of liquefied natural gas from Qatar have not been affected by rising...

Energy exports a lifeline for boycott-hit Qatar

Kuwait City A Saudi-led diplomatic and economic blockade against Qatar may threaten food imports, but the tiny emirate still has a lifeline through...

Airline industry sees higher profits in 2017

The International Air Transport Association (IATA) increased its profit forecast for the global airline industry on Monday (Jun 5), citing surging demand. Total...

Qatar stock market plunges after 4 Middle Eastern states cut diplomatic ties

Qatar’s stock market plunged on Monday after four Middle Eastern states severed ties with Doha, while Saudi Arabian shares rose on hopes...

US decision to pull out of Paris climate accord a ‘major disappointment’:UN

The United States’ decision to withdraw from the landmark Paris climate agreement was a “major disappointment for global efforts to reduce greenhouse...

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...

European commission to provide €7m to Pakistan for internally displaced people

The European Commission has announced humanitarian assistance of over 44 million Euros to help people in need in south-west and Central Asia,...

DP World hitches lift on new Silk Road: Sultan Ahmed

China’s massive re-imagining of ancient Silk Road trade routes is seen as a business opportunity that could help ameliorate the effects of...

Oil prices go up slightly on Friday after extension in output cut

Oil prices edged up on Friday but markets remained on the back foot after tumbling in the previous session when OPEC and...

US military aid to Pakistan may convert into loans

The Trump administration's budget proposal would convert some of the United States' foreign military grants to loans, affecting several countries, including Pakistan. The...