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Business Pagenews

US judge gives VW to April 21 for emissions fix plan

San Francisco - Arab Today

A US judge on Thursday gave Volkswagen until April 21 to come up with a plan to fix some 600,000 cars spewing illegal levels of pollutants due to emissions-cheating software. "This issue of what is to be done with these cars must be done by that date," US District Court Judge Charles Breyer told attorneys of the German automaker during

Oil slide, strong dollar drag Asian shares lower

Hong Kong - AFP

Asian shares dropped on Thursday, with energy stocks taking a hammering from a slide in oil prices while a stronger dollar piled pressure on commodity producers. Energy stocks dragged Wall Street and European equities lower on Wednesday after US oil prices dipped below $40 a barrel for the first time in five sessions. Crude posted its biggest loss in six

Myanmar investors swot up for new bourse

Yangon - Arab Today

Inside the graceful halls of Myanmar's first modern bourse a huddle of business leaders crowds into a crash course on sharetrading, as the former junta-run country takes another leap towards economic revitalisation. Yangon Stock Exchange (YSX) is due to debut its first listed company on Friday, just days before a new civilian government overseen by Aung San Suu Kyi comes

Trudeau takes Canada back into the red to boost growth

Ottawa - Arab Today

Canadian Prime Minister Justin Trudeau's Liberal government announced Tuesday massive spending to try to force an end to years of stagnant growth recently compounded by the oil rout. The proposed budget projects a deficit of Can$29.4 billion ($22.5 billion US) this year. The government says it hopes to boost growth by 0.5 percent in 2016-2017, and by 1.0 percent the

US may not need Apple's help to crack iPhone

Los Angeles - Arab Today

The US government said it may have found a way to crack the iPhone of one of the San Bernardino attackers without Apple's help, possibly avoiding a showdown with the tech giant. In a court filing, federal prosecutors said that on Sunday, an unidentified "outside party" had demonstrated to the FBI a possible way to unlock Syed Farook's iPhone. "Our

US tourists seek preserved Cuba and Cubans seek change

Havana - Arab Today

American Sue Pemberton rushed to Havana to experience authentic Cuba before the communist island gets swamped by capitalism. The only problem: millions of other foreigners had exactly the same idea. Already booming tourism is set to explode in the wake of President Barack Obama's visit to Havana on Sunday, when he'll bury an almost six decades-long conflict that left Cuba

Apple Aims to Bolster Lineup With New iPhone

San Francisco - Arab Today

New iPhone and iPad models likely to be unveiled Monday are aimed at helping Apple keep momentum in the fast-evolving mobile device market. The media gathering at the company's intimate Town Hall auditorium in Silicon Valley will also give Apple a chance to restate its case for fighting a US government demand that it break into an attacker's iPhone. Apple

Hamas to pay 'heavy price' to normalize Egypt ties

Playing a role in pacifying Egypt’s restive Sinai Peninsula and cutting off ties with Lebanese Shia group Hezbollah are possible prices that Palestinian group Hamas would pay for “normalizing” relations with the Egyptian regime analysts believe. A Hamas

Playing a role in pacifying Egypt’s restive Sinai Peninsula and cutting off ties with Lebanese Shia group Hezbollah are possible prices that Palestinian group Hamas would pay for “normalizing” relations with the Egyptian regime analysts believe. A Hamas delegation visited Cairo last week after Egyptian accusations against the group of being involved in last year’s bombing that killed Egypt’s prosecutor-general

Execs pay top dollar for audience with China's leaders

Beijing - Arab Today

The China Development Forum this weekend may be the most important economic summit you have never heard of. The CEOs of companies ranging from Facebook to Rio Tinto gather in Beijing with top academics and politicians for a pay-to-play event promising audiences with China's top leadership. Participants are invited to make "donations" to the elite event starting at 1 million

Stock markets enjoy Fed-fuelled rally

London - Arab Today

World stocks mostly rose Friday, boosted by the lingering effects of the US Federal Reserve's lower interest rate outlook and firmer oil prices but Tokyo sank as a surging yen hit Japan's exporters. The Fed's decision earlier this week to peg back its forecasts on hiking rates -- citing global turmoil and weak growth -- has been greeted with relief

The rise and fall of Spanish renewable energy giant Abengoa

Barcelona - Arab Today

Abengoa went from fixing electrical installations in war-torn Spain in the 1940s to building the world’s largest solar power plant in the US — a remarkable success story until its uncontrolled growth pushed it to the brink of bankruptcy. The struggling renewable energy giant on Wednesday presented a debt restructuring plan which will see its creditors wrestle control of the

British budget extends austerity, cuts growth outlook

London - Arab Today

Britain unleashed a fresh wave of austerity on Wednesday in its latest annual budget and cut its growth outlook citing global markets turbulence rooted in China. Finance minister George Osborne, presenting his annual tax and spend plans, also warned that a potential 'Brexit', or departure from the European Union, would risk damaging the nation's economic recovery, ahead of a key

China renews vow to avoid 'hard landing'

Beijing - Arab Today

China's economy will not suffer a "hard landing", Premier Li Keqiang said Wednesday, stepping up Beijing's charm offensive to reassure investors that the government can manage slowing growth. "We have long-term confidence in the Chinese economy and this confidence isn't without a foundation," Li told his once-a-year press conference at the end of the National People's Congress (NPC), the Communist-controlled

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San Francisco - Arab Today

Hong Kong - AFP

Yangon - Arab Today

Ottawa - Arab Today

Los Angeles - Arab Today

Havana - Arab Today

San Francisco - Arab Today

Playing a role in pacifying Egypt’s restive Sinai Peninsula and cutting off ties with Lebanese Shia group Hezbollah are possible prices that Palestinian group Hamas would pay for “normalizing” relations with the Egyptian regime analysts believe. A Hamas

Beijing - Arab Today

London - Arab Today

Barcelona - Arab Today

London - Arab Today

Beijing - Arab Today