Business
Latest stories
China Warns UK Ties at 'Crucial Juncture' over Nuclear Plant

China's ambassador to Britain urged London on Tuesday to approve a Beijing-funded nuclear power plant as soon as possible, warning that relations between the two countries were at a critical point.

W140 Full Story
Iran to Auction Property of Death Row Tycoon

Iran said on Tuesday it would auction off property owned by billionaire Babak Zanjani, who was sentenced to death for corruption earlier this year.

W140 Full Story
Norway Cool on Idea of Britain Returning to EFTA

A Norwegian minister on Tuesday expressed hesitations about Britain possibly returning to the European Free Trade Association (EFTA), putting a damper on London's chances of following in non-EU member Norway's footsteps after a Brexit.

W140 Full Story
France Seals 1 bn Euro Military Helicopter Sale to Kuwait

France will supply 30 military helicopters to Kuwait in a deal worth over one billion euros ($1.1 billion) that French Defence Minister Jean-Yves Le Drian signed in the Gulf state on Tuesday.

W140 Full Story
Kuwait Posts Budget Deficit after 16 Years of Surplus

Lower oil prices have pushed Kuwait into a rare budget deficit, ending 16 straight years of surpluses for the energy-rich Gulf state, the finance minister said.

The OPEC member recorded a budget shortfall of 4.6 billion dinars ($15.3 billion) in the fiscal year which ended on March 31, Anas al-Saleh said in a statement carried by the KUNA news agency late Monday.

W140 Full Story
Indonesian Capital's Airport Opens $560 Million Terminal

The Indonesian capital's airport opened a new terminal Tuesday after years of operating at far above its passenger capacity.

Domestic flights for national carrier Garuda began operating in the morning from Soekarno-Hatta airport's steel and glass $560 million Terminal 3. Its international flights will shift to the new terminal next month.

W140 Full Story
OPEC Calls Informal September Meeting

OPEC said on Monday it has called an informal meeting of member countries for next month in Algeria to help stabilize the oil market.

W140 Full Story
Five-Day Strike Disrupts London Commuter Trains

Rail workers started a five-day strike Monday on services across southeast England, including commuter trains into London, causing major disruption on what could become the country's longest rail walk-out since 1968.

The RMT union called the strike to protest plans to downgrade the role of the conductor on Southern Trains, causing cancellations across the network.

W140 Full Story
France Headed for Small Rebound

The French economy is headed for a small rebound in the third quarter after zero growth in the previous three months, the Bank of France said Monday.

Gross domestic product (GDP) is expected to grow by 0.3 percent in the current quarter, the central bank said, basing its estimates on a monthly survey of business leaders.

W140 Full Story
Britain Launches Fraud Probe into Airbus

Britain's Serious Fraud Office said on Sunday it had opened a criminal probe into Airbus Group, investigating allegations of fraud, bribery and corruption.

W140 Full Story