TOKYO: Japan’s Toyota Motor Corp. will offer free access to its hybrid-vehicle patents through 2030, it said on Wednesday, seeking to expand use of the lower-emission technology even as the global industry shifts toward fully electric cars.The pledge by one of the world’s biggest automakers to share its closely guarded patents, the second time it…
NEW DELHI: India’s Jet Airways has been forced to ground more than three quarters of its fleet after failing to pay lessors, as the debt-laden carrier struggles to secure bailout funds promised by state-run banks.Jet struck a deal earlier this year to escape bankruptcy under which State Bank of India (SBI) and other lenders were…
MANILA: Growth in developing Asia could slow for a second straight year in 2019 and lose further momentum in 2020, the Asian Development Bank (ADB) said on Wednesday, warning of rising economic risks from a bitter Sino-US trade war and a potentially disorderly Brexit.Developing Asia, which groups 45 countries in the Asia-Pacific region, is expected…
10 Saudi entrepreneurs make it to World Economic Forum’s most promising Arab startups DUBAI: An online platform that offers quality home-cooked meals, a home maintenance website that links owners and service providers and a social learning platform are just among the ten Saudi companies that made it to the World Economic Forum’s 100 most promising…
Facing fresh charge, former Nissan chairman Ghosn gets ready to ‘tell the truth’ TOKYO: Tokyo prosecutors are considering pressing a fresh charge against Carlos Ghosn, local media said Wednesday, as the former Nissan boss announced on Twitter he would be giving his side of the story.In the latest twist in a rollercoaster of a case,…
TOKYO: Oil prices rose for a fourth day on Wednesday, pushing Brent toward $70 a barrel as support from OPEC-led supply cuts and US sanctions overshadowed a report showing an unexpected rise in US inventories.Brent futures rose 36 cents, or 0.5 percent, to $69.73 a barrel by 0554 GMT, after earlier reaching $69.87, the highest…
10 Saudi entrepreneurs make it to World Economic Forum’s most promising Arab startups DUBAI: An online platform that offers quality home-cooked meals, a home maintenance website that links owners and service providers and a social learning platform are just among the ten Saudi companies that made it to the World Economic Forum’s 100 most promising…
LONDON: Almost a third of the Gulf’s top companies are listed in Saudi Arabia, according to a ranking prepared by the organizer of next week’s Top CEO conference. It found that 31 companies listed on the Tadawul exchange are among the region’s best 100 firms, as ranked by 2018 financial performance and good corporate governance.…
WASHINGTON: Three of the eight countries to which Washington granted waivers to import Iranian oil have now cut their shipments from Iran to zero, a US special representative said on Tuesday.While the United States has set a target of driving Iranian oil exports to zero, it granted temporary import waivers to China, India, Greece, Italy,…
LONDON: Almost a third of the Gulf’s top companies are listed in Saudi Arabia, according to a ranking prepared by the organizer of next week’s Top CEO conference. It found that 31 companies listed on the Tadawul exchange are among the region’s best 100 firms, as ranked by 2018 financial performance and good corporate governance.…
LONDON: Almost a third of the Gulf’s top companies are listed in Saudi Arabia, according to a ranking prepared by the organizer of next week’s Top CEO conference. It found that 31 companies listed on the Tadawul exchange are among the region’s best 100 firms, as ranked by 2018 financial performance and good corporate governance.…
LONDON: Almost a third of the Gulf’s top companies are listed in Saudi Arabia, according to a ranking prepared by the organizer of next week’s Top CEO conference. It found that 31 companies listed on the Tadawul exchange are among the region’s best 100 firms, as ranked by 2018 financial performance and good corporate governance.…
LONDON: Bitcoin briefly touched $5,000 on Tuesday, its highest level since late November, while other cryptocurrencies also surged.On the Luxembourg-based Bitstamp exchange, Bitcoin rose as much as 20 percent in Asian trading to briefly touch the $5,000 mark before settling at $4,730 by 0700 GMT, up 14 percent on the day; still its biggest one-day…
LONDON: Bitcoin briefly touched $5,000 on Tuesday, its highest level since late November, while other cryptocurrencies also surged.On the Luxembourg-based Bitstamp exchange, Bitcoin rose as much as 20 percent in Asian trading to briefly touch the $5,000 mark before settling at $4,730 by 0700 GMT, up 14 percent on the day; still its biggest one-day…
TOKYO: Lawyers for former Nissan Motor Chairman Carlos Ghosn said on Tuesday they asked a Tokyo court that he stand trial for alleged financial wrongdoing separately from Nissan because the company is helping prosecutors.Ghosn was arrested in Tokyo in November after Nissan told prosecutors its own internal investigation uncovered evidence of serious wrongdoing by him.…
CAIRO: Egypt’s current account deficit widened to $2.1 billion in the last three months of 2018 from a deficit of $1.78 billion in the same period a year previously, according to Reuters calculations based on central bank data released on Monday.Tourism improved in Egypt. Travel revenues rose to $2.86 billion in the quarter from $2.28…
CAIRO: Egypt’s current account deficit widened to $2.1 billion in the last three months of 2018 from a deficit of $1.78 billion in the same period a year previously, according to Reuters calculations based on central bank data released on Monday.Tourism improved in Egypt. Travel revenues rose to $2.86 billion in the quarter from $2.28…
TOKYO: Oil prices rose on Monday, adding to gains in the first quarter when the major benchmarks posted their biggest increases in nearly a decade, as concerns about supplies outweigh fears of a slowing global economy.Brent crude for June delivery was up by 43 cents, or 0.6 percent, at $68.01 a barrel by 0214 GMT,…
LONDON: The balance between supply and demand in the oil market is fragile, Iranian Oil Minister Bijan Zanganeh said on Monday, as he called on crude producers to be wary of troubles caused by US sanctions.Oil prices are being supported by US sanctions on Iran and Venezuela along with voluntary supply cuts by the Organization…
CAIRO: Egypt’s current account deficit widened to $2.1 billion in the last three months of 2018 from a deficit of $1.78 billion in the same period a year previously, according to Reuters calculations based on central bank data released on Monday.Tourism improved in Egypt. Travel revenues rose to $2.86 billion in the quarter from $2.28…
