Business

London: Royal Bank of Scotland (RBS) is preparing to cut more than 1 billion pounds ($1.25 billion) of annual operating costs by eliminating jobs and...

Muscat: His Majesty Sultan Qaboos bin Said has sent a cable of congratulations to Dr. Frank-Walter Steinmeier on the occasion of being elected as president...

Tokyo: Japan’s economy expanded for a fourth straight quarter at the end of 2016, with recovering global demand fueling export gains that offset soft...

London: The average price of a UK home hit a new record in January, continuing an upward trend that’s in part being driven by a supply-demand...

Cairo: Egyptian Finance Minister Amr El-Garhy said he expects surging inflation to peak by the end of the first quarter this year as the price shocks that...

New York: Verizon Communications, the biggest US wireless provider, will start selling a package that includes unlimited data, a tacit acknowledgement that...

New York: There are limits to investors’ love affair with Opec. After unprecedented optimism that the Organisation of Petroleum Exporting Countries (Opec)...

Sydney: Billionaire Richard Li’s PCCW plans to sell a HK$8.53 billion ($1.1 billion) stake in telecommunications unit HKT Trust & HKT Ltd., amassing cash...

New York: Buying your sweetheart a box of Valentine’s Day chocolates could be cheaper this year thanks to booming cocoa supplies. Growers are collecting...

Mumbai: India’s monthly oil demand fell the most since May 2003 as the government’s crackdown on high-value currency notes continued to reverberate...