He was driving over the 40kmph speed limit on the road.

They drowned in a swimming pool this week.

Omani authorities are probing the accident with RTA and independently.

San Francisco: Apple Inc is preparing to buy start-up Drive.ai in a small deal that will bring more engineers with experience in autonomous vehicle technology to the iPhone maker, according to people familiar with the matter. It’s unclear how much Apple is paying. Drive.ai has raised about $77 million in funding since it was founded […]

New York. J.C. Penney Co.’s management ranks are bracing for another change. Trent Kruse, senior vice president of finance at the beleaguered retailer, will be exiting the company effective June 14 to pursue other opportunities, according to people familiar with the matter. Kruse, who oversaw investor relations, treasury and credit in his latest post, joined […]

LONDON: The synchronised global economic expansion, cheered on by investors who pushed Wall Street stocks to a record high last month, has started to sour and is increasingly at risk from a developing trade war between the world’s two largest economies. A group of several hundred economists and financial market professionals regularly polled by Reuters […]

London The dovish turn by global central banks is failing to persuade investors that policymakers have what it takes to ignite inflation. Spurred by flagging global growth and renewed trade frictions, the Federal Reserve and European Central Bank both flashed new willingness this week to deliver stimulus to their respective economies if necessary. Their counterparts […]

Dubai Oman will introduce 100 per cent tax on tobacco, alcohol and pork meat from June 15, as the sultanate follows other Gulf governments in trying to pare its reliance on oil revenue. Energy drinks will also be subject to a 100 per cent levy and there will be a 50 per cent tax on […]

Santiago. Chile’s central bank unexpectedly cut is key interest rate by 50 basis points, the biggest reduction in a decade, as economic growth and inflation remain weak. Policymakers reduced the benchmark rate to 2.5 per cent, surprising all 18 economists surveyed by Bloomberg, who had expected borrowing costs to be left unchanged. Growth has remained […]

The U.S. and Russia accused each other of unsafe actions on Friday after an American guided-missile cruiser and a More…