London: Canadian billionaire Lawrence Stroll and investors have rescued Aston Martin with a 500 million pound cash injection that analysts say will help stabilise the British carmaker whose first sport utility vehicle (SUV) is set to hit the road. Stroll agreed to buy up to 20 per cent of the 107-year-old company and will become […]

The show will also see the announcement of the Arab Hope Maker 2020.

Beijing: China’s economic growth may drop to 5% or even lower in the first quarter as the coronavirus hits more sectors, possibly leading policymakers to introduce more stimulus measures, a government economist said in remarks published on Wednesday. The outbreak could cut first-quarter GDP growth by about 1 percentage point, Zhang Ming, an economist at […]

Washington: Microsoft said Wednesday that its profits rose sharply in the past quarter, boosted by improving sales across a range of consumer products and business services, sending its shares higher. Overall profit for the quarter ending December 31 rose 38 per cent from a year ago to $11.6 billion (Dh42.6 billion), while revenues jumped 14 […]

The headline of the fake news article has been morphed onto a genuine KT news gallery published on January 30.

ZURICH: Swiss watchmaker Swatch Group said on Thursday it expected its key Hong Kong market to remain challenging this year after a marked drop in sales there for the world’s biggest watchmaker in 2019. Swiss watch sales have underperformed other luxury goods as political protests shook Hong Kong, smartwatches took market share from similarly priced […]

The virus death toll grows to 213, nearly 2,000 new cases, according to the government.

LONDON: Royal Dutch Shell on Thursday said its net profit slid by almost one third last year, hit by lower oil prices. Profit after tax slumped 32 percent to $15.8 billion in 2019 compared with a year earlier, the Anglo-Dutch giant said. Royal Dutch Shell Chief Executive Officer Ben van Beurden said 2019 witnessed “challenging […]