Toyota unveils $1.8 billion share buy-back after strong Q2 profits

TOKYO: Toyota Motor Corp unveiled plans for a $1.8 billion share buy-back on Thursday, after reporting a more-than-expected quarterly profit on better global sales and an improvement in its North American business. Japan’s biggest automaker posted a 14 per cent rise in operating profit to 662.3 billion yen ($6 billion) for the three months ended […]

Global stock markets spike on renewed hopes of US-China trade deal

Dubai: The S&P 500 and Dow Jones indexes hit record highs after opening up about 0.3 per cent each on Thursday and the Nasdaq gained 0.5 per cent after China said the world’s top two economies had agreed to rollback tariffs in phases. Elsewhere, the MSCI Asia Pacific Index climbed 0.4 per cent, while Hong […]

Healthy UAE economy to get boost from Expo 2020: IMF

The UAE economy is in good health and will continue to pick up momentum heading into next year, helped by Expo 2020 and UAE government policies, according to the International Monetary Fund. A report issued on Wednesday following a visit to the country predicted non-oil growth would exceed 1 per cent in 2019, and rise […]

Unblocking WhatApp calls will be a boost for business say executives

Abu Dhabi: Business executives say they are hopeful that the WhatsApp calling feature will be unblocked in the UAE, explaining how such a move would help businesses in the UAE in terms of both costs and easier communication with their business counterparts from around the world. Gulf News on Wednesday broke that the UAE may […]

Disney beats earnings estimates ahead of streaming launch

San Francisco: Walt Disney Co. on Thursday reported better-than-expected quarterly results, fuelled by the release of blockbuster films “Aladdin” and “The Lion King” as it prepared for its new streaming television service. Disney profit in the recently ended quarter was $1.05 billion (Dh3.86 billion), down from $2.3 billion a year ago, on revenue that grew […]

Discovery looks to create its own Hulu by taking channels online

New York: Discovery Inc wants to create its own version of Hulu. The cable-programming giant said Thursday that it’s considering combining its suite of TV channels into a streaming service that would be available directly to consumers in the US. Discovery sees “an opportunity to take content on a broader basis to mount an attack […]

Germany has big plans for Expo 2020

Talking business with Emirati partners is always easy. Having close and resilient international business ties is a strong belief that Germany and the UAE share. Many German companies, large as well as small and medium-sized, have been calling the UAE home for many years now. Equipped with a transparent and always improving business environment, the […]