The price of gold dipped slightly Friday but gained 4.6 percent on the week as economic uncertainty has made investors look to precious metals for security.
Noor Al-Mohannadi is a budding Qatari businesswoman taking part in the inaugural class of a new entrepreneurship program -- the first of its kind her country -- delivered by the Pittsburgh-based Carnegie Mellon University in partnership with the Qatar Science & Technology Park.
The Gulf may still be booming but inflation - and skyrocketing prices - is making life tough for the workforce.
Iraq has a vast and untapped oil wealth, perhaps 100 billion barrels worth. That's enough, industry experts say, to boost world oil supplies and trigger a decline in prices.
Hussein al-Shahristani is a survivor; an internationally respected nuclear scientist who endured torture and solitary confinement in Iraq's notorious Abu Graib prison for defying former dictator Saddam Hussein.
A massive stage set in the middle of an empty stretch of Abu Dhabi's desert, with a projector screen several stories high, lined with TV cameras and lights. It was the setting for a stunning announcement -- an ambitious plan to spend $22 billion to build an entirely new green city.
Automaker Volkswagen AG said Friday its January global sales rose by 11 percent to a record high.
Ryanair, Europe's biggest no-frills airline, planned to shut down its Web site and call centers for three days starting Friday while it upgrades its reservations system.
Ivan Pictet is the senior managing partner of one of Switzerland's biggest private banks, Pictet & Cie.
Founded in 1805 in Geneva, Pictet & Cie is today one of Switzerland's largest private banks, and one of the premier independent asset management specialists in Europe.
The price of gold dipped slightly Friday but gained 4.6 percent on the week as economic uncertainty has made investors look to precious metals for security.
Noor Al-Mohannadi is a budding Qatari businesswoman taking part in the inaugural class of a new entrepreneurship program -- the first of its kind her country -- delivered by the Pittsburgh-based Carnegie Mellon University in partnership with the Qatar Science & Technology Park.
The Gulf may still be booming but inflation - and skyrocketing prices - is making life tough for the workforce.
Iraq has a vast and untapped oil wealth, perhaps 100 billion barrels worth. That's enough, industry experts say, to boost world oil supplies and trigger a decline in prices.
Hussein al-Shahristani is a survivor; an internationally respected nuclear scientist who endured torture and solitary confinement in Iraq's notorious Abu Graib prison for defying former dictator Saddam Hussein.
A massive stage set in the middle of an empty stretch of Abu Dhabi's desert, with a projector screen several stories high, lined with TV cameras and lights. It was the setting for a stunning announcement -- an ambitious plan to spend $22 billion to build an entirely new green city.
Automaker Volkswagen AG said Friday its January global sales rose by 11 percent to a record high.
Ryanair, Europe's biggest no-frills airline, planned to shut down its Web site and call centers for three days starting Friday while it upgrades its reservations system.
Ivan Pictet is the senior managing partner of one of Switzerland's biggest private banks, Pictet & Cie.
Founded in 1805 in Geneva, Pictet & Cie is today one of Switzerland's largest private banks, and one of the premier independent asset management specialists in Europe.
They've been in the banking business for more than 200 years, Pictet and Company came to prominence when Europe was booming, specializing in personalized, discrete banking services.
In decades past, major manufacturers could count on consumers being relatively passive about the product experience.
Yahoo Inc., which has come under fire for its role in the jailing of Chinese journalists, spent $1.6 million in 2007 lobbying the government, in part, on issues related to China and foreign jurisdiction over U.S. companies.
The British parliament passed legislation on Thursday that the government needs to make Northern Rock PLC the first sizable British bank to be nationalized in 25 years.
British Airways passengers face the prospect of major disruptions after the airline's pilots voted for strike action that could effectively ground the airline worldwide.
Oil prices fell Thursday after a government report showed that the nation's crude oil supplies rose more than expected last week. At the pump, meanwhile, gas prices rose more than 3 cents overnight, a jump that could be a prelude to a much bigger price spike this spring.
The world's busiest airport, London Heathrow, saw more delays than any other major European airport last year -- for the second consecutive year, an airline group said Tuesday.
The EU Commission on Thursday cut its growth forecast for the euro currency zone to 1.8 percent this year, saying the global economy looks "unusually uncertain."
Toshiba said Tuesday it will no longer manufacture HD DVDs, effectively ending the long-running battle with the rival Blu-ray for a dominant high-definition format.
The British government said Monday that struggling mortgage lender Northern Rock would remain nationalized until the current financial climate improves.
Societe Generale SA says it had a net loss in the fourth quarter last year after the French bank took a €4.9 billion ($7.18 billion) hit closing the unauthorized trading positions of Jerome Kerviel.
Oil prices held steady Thursday after rising to a record above $101 a barrel overnight as investors poured more cash into crude and other commodities as a hedge against inflation.
Japan's trade deficit widened to 79.3 billion yen ($734 million; €501 million) in January from a year earlier, the government said Thursday, suggesting exports face a slowdown amid global uncertainties over U.S. subprime woes.
The former chief financial officer of Refco Inc. pleaded guilty to conspiracy to commit securities fraud Wednesday, admitting that he and others defrauded investors in one of the world's largest commodities brokerages.
An interim report issued Wednesday by independent board members of the French bank Societe Generale has concluded that a trader working alone was responsible for amassing trading losses that exceeded $7.2 billion.
Oil futures shot higher Tuesday, closing above $100 for the first time as investors bet that crude prices will keep climbing despite evidence of plentiful supplies and falling demand.
A $20 billion deal to combine Delta Air Lines and Northwest Airlines was in "serious jeopardy" late Tuesday because the pilots unions from both companies were unable to reach an agreement on blending their seniority lists, two people close to talks told The Associated Press.
Airbus said Wednesday it expects only half as many orders for new planes this year as the market cools after three years of record orders, and amid signs of a global economic slowdown.
Russian state gas monopoly OAO Gazprom said Tuesday it had reached agreement to drill and produce oil and gas in Iran in a deal that highlights Moscow's deepening trade and commercial ties with Tehran.
Thomson Corp. won European regulatory approval Tuesday to buy news and information provider Reuters Group PLC but must sell off financial research units to eliminate antitrust concerns, the European Commission said.
Microsoft is not privately haggling with Yahoo over the software maker's rejected $31-per-share buyout offer for the slumping Internet pioneer, Bill Gates said in an interview.
British Airways pilots will be balloted Wednesday over possible strike action in a dispute over the airline's plans to set up a subsidiary for services between continental Europe and the U.S.
The Norwegian aluminum and power generation group Norsk Hydro ASA on Tuesday reported that its net profits had plunged in the fourth quarter due largely to lower aluminum prices and currency exchange rates.
Credit Suisse says it has suspended some of its traders in connection with the overvaluation of assets by $2.85 billion.
Boeing Co. outpaced European rival Airbus in competition for Asian customers this week so far, snagging orders for 60 planes Tuesday from two Indonesian airlines.
China's consumer prices hit another 11-year high in January, stoking fears the country could start exporting inflation and signaling an end to the days of ultra-cheap Chinese goods.
Barclays Group PLC on Tuesday reported a 3.4 percent drop in profit in 2007 compared to 2006, and has reported further losses due to credit market turmoil.
Toshiba said Tuesday it will no longer develop, make or market HD DVD players and recorders, handing a victory to rival Blu-ray disc technology in the format battle for next-generation video.
China's inflation accelerated in January to 7.1 percent -- its highest rate in 12 years -- after devastating snowstorms worsened food shortages, setting back government efforts to cool rising prices, according to data reported Tuesday.
Sony's Blu-ray technology is emerging as the likely winner in the format battle for the next generation of DVD players after Toshiba appeared ready to ditch its HD DVD business.
The supervisory board of Deutsche Post AG on Monday picked Frank Appel to lead the mail and global logistics company after his predecessor resigned last week amid a growing tax evasion investigation that has gripped Germany.
Improved efficiency has helped airlines better prepare for a possible global economic slowdown compared to the last major recession, but expensive fuel continues to hurt bottom lines, an airline industry group said Monday.
Singapore Airlines said Monday it has no plans to renew its unsuccessful bid for China Eastern Airlines, but is focusing on a potential global economic slowdown that could impact air traffic.
The British government announced Sunday it is moving to nationalize -- on a temporary basis -- the struggling mortgage lender Northern Rock.
The general dialogue on adapting to a world affected by climate change by definition excludes the world's poorest people. And yet it's the world's poorest who are often put forward as the ones who are likely to feel the affects of climate change the most and are likely to be able to deal with them the least.
A six-month trial was launched this week that promises to transform the way luggage is tracked and monitored at London's Heathrow airport.
Norway will use surplus oil wealth to increase its stake in state-controlled oil company StatoilHydro ASA from 62.5 percent to 67 percent by buying shares worth roughly 22 billion kroner ($4 billion; euro2.75 billion) at current prices, the oil minister said Friday.
A tentative agreement by Virgin Atlantic Airways and British Airways PLC to settle civil price-fixing claims would give more than $200 million (euro137 million) to customers who bought tickets from either airline and who flew between August 11, 2004, and March 23, 2006, The Wall Street Journal reported.
Dramatic economic expansion in the Middle East has forced the region to shop around for talent.
It's both time-honored tradition and cutting-edge technology blended in this small factory in Osaka, Japan. This is the home of Japan's best known sporting export, Mizuno.
Masato Mizuno was made president of the Mizuno Corporation, which was founded by his grandfather in 1906, in 1989.
Mizuno was founded in 1906 when Rihachi Mizuno and his younger brother Rizo established Mizuno Brothers Ltd. in Osaka, selling western sundries, including baseballs.
Deutsche Postbank AG saw profit drop 39 percent in the fourth quarter over the previous year, but the German bank said Friday it escaped the worst of the subprime fallout.
The managing director of the international monetary Fund said Friday he is urging China to ease exchange rate controls to help address global financial imbalances and its own economic challenges.
Japan's central bank kept interest rates unchanged Friday amid growing worries about a global slowdown.
The British government appeared to have "rolled over" in response to pressure from Saudi Arabia to drop an investigation into alleged bribery in an arms deal with BAE Systems PLC, a High Court judge said Thursday.
The United States and Australia announced Friday they have reached an "open skies" aviation agreement that will remove restrictions on the number of flights airlines from each country can make between them.
Important information has been stolen from Brazil's state-run oil firm, the company said Thursday, and one news site reported it was related to two recent major gas and oil finds.
Despite a soaring foreign oil bill and another record deficit with China, the overall U.S. trade deficit declined in 2007 after setting records for five consecutive years.
Yahoo Inc. hopes media conglomerate News Corp. can rescue it from a Microsoft Corp. takeover -- or at least prove the slumping Internet pioneer is worth more money than its unsolicited suitor wants to pay.
UBS AG on Thursday posted a fourth-quarter net loss of 12.45 billion Swiss francs ($11.28 billion; euro7.73 billion), capping a year hit hard by bad investments in U.S. subprime mortgages. It said 2008 would be difficult too.
The Justice Department will allow two private-equity firms to go ahead with a $19.5 billion buyout of Clear Channel Communications, the largest operator of radio stations in the United States.
The German government will step up with euros 1 billion ($1.46 billion) to help bail out the IKB Deutsche Industriebank AG, wracked by losses from the U.S. subprime loan crisis, Economy Minister Michael Glos said Wednesday.
Ryanair, Europe's biggest no-frills airline, said Wednesday it will shut down its Web site and call centers for three days later this month to upgrade its reservations system.
French auto maker Peugeot-Citroen Wednesday said net profit almost quadrupled in 2007 as the company reaped the rewards of cost cuts and improved efficiency.
French oil giant Total said Wednesday net profit for the fourth quarter of 2007 rose 62 percent as oil prices surged and new projects in Angola and Qatar boosted production.
BHP Billiton needs to "considerably" raise it's takeover offer for rival miner Rio Tinto before the company will enter into talks, a senior Rio Tinto executive said Wednesday.
You might have 40,000 songs on your MP3 player, but in one sense they're all rather boring: They sound the same every time you play them.
Societe Generale on Monday launched a heavily discounted €5.5 billion (around $8 billion) rights issue as it attempts to fill a capital gap the French bank says was caused by trader Jerome Kerviel, while also lifting its net profit forecast for 2007.
This month we take a look back at the best of the best from Business Traveller 2007.
Jerome Kerviel, the man at the center of a multi-billion trading scandal will be jailed while the investigation into his alleged fraud is conducted, his lawyer confirmed to CNN Friday.
Wall Street finished a dismal week with a mixed performance Friday as investors grappled with fears about insurers of distressed mortgage-backed bonds and anxiety about the broader economy.
McDonald's Corp. on Friday reported strong sales increases in Europe and modest gains in the United States last month, easing investor concerns about fallout from an economic slowdown.
If there's anything in which Qatar takes pride -- aside from a massive construction boom -- it is providing its Qatari minority and the hundreds of thousands of expatriates working and living here with plenty of shopping opportunities.
Mohammed Alshaya owns more high street brands than most fashion addicts could stuff in their closets.
Nestled in a corridor of Emirates Mall in Dubai sits Hassam Goldooz's boutique. The retailer sells Italian ladies fashion to women of the Gulf, and those in for a visit.
Yum! Brands, based in Louisville, Kentucky, is the world's largest restaurant company in terms of system restaurants, with more than 35,000 restaurants in more than 110 countries and territories.
David C. Novak became chairman of the board at Yum! Brands on January 1, 2001, and chief executive officer on January 1, 2000.
GlaxoSmithKline PLC reported a steeper than expected 10 percent drop in fourth-quarter profits Thursday and forecast a 2008 earnings decline due to generic competition and weaker sales for its diabetes pill.
The European Central Bank held its key interest rate steady at 4 percent while the Bank of England cut its benchmark rate by a quarter percentage point to 5.25 percent on Thursday.
Unilever NV, the maker of consumer products such as Dove soap, Ben & Jerry's ice cream and Lipton tea, reported a rise in fourth-quarter sales on Thursday but a fall in net profit because it sold some operations in the same quarter last year.
The euro and pound edged down against the U.S. dollar on Thursday as markets awaited interest rate decisions from the European Central Bank and the Bank of England.
Deutsche Bank AG said Thursday that its fourth-quarter net profit slipped from last year, but reported no new subprime-related write-downs in the final three months of the year.
Music companies have started a new fight with China's Internet industry over piracy, filing lawsuits accusing popular Web sites Baidu.com and Sohu.com of aiding illicit online copying, an industry group said Wednesday.
Cisco Systems second-quarter profit matched Wall Street's subdued expectations, but shares of the world's largest Internet networking supplier plunged on signs that economic jitters will continue to hurt sales growth.
Time Warner's new CEO Jeff Bewkes laid out his vision for changes at the media conglomerate Wednesday, including dividing AOL's online access and advertising businesses and possibly spinning off the rest of the company's cable division.
European stocks shrugged off sharp drops in Asian markets Wednesday after a tumble on Wall Street fanned investor fears that a U.S. recession would sap demand for Asian exports.
British Sky Broadcasting Group on Wednesday reported a half-year loss of £112 million (€149.6 million; $219.7 million) due to its purchase of an 18 percent stake in independent broadcaster ITV PLC -- a stake the government has since ordered it to cut.
Asian markets plunged in early trading Wednesday, pulled down by a sharp decline on Wall Street overnight.
European stocks ended lower Tuesday, after the U.S. non-manufacturing ISM index surprised on the downside, giving a further indication that the U.S. is slipping toward recession.
Potential legal troubles for French bank Societe Generale have expanded to the United States and the futures trader allegedly at the root of the $7 billion scandal is now under police protection.
BP reported a 53 percent rise in fourth-quarter net profit Tuesday as oil prices surged, but full-year profits fell due to refining outages and rising costs.
Private equity firm Olivant pulled out of the race for Northern Rock PLC on Monday, leaving Richard Branson's Virgin Group and an in-house management team in the running for control of the stricken mortgage lender.
A Mitsubishi executive told workers at the automaker's Australian plant on Tuesday that it will be closed, with the loss of about 1,000 jobs, a union official said.
Australia's central bank raised its official cash interest rate by 25 basis points Tuesday to 7 percent, its highest since 1996.
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