US says former Nissan boss Ghosn wired money to man who helped him flee Japan

Massachusetts: Carlos Ghosn, the former Nissan Motor Co chairman, wired $862,500 last year to a company managed by one of the two men who later helped him escape from Japan, U.S. prosecutors said in a Tuesday court filing. The disclosure came less than a day after the men, Michael Taylor and his son Peter Taylor, […]

WhatsApp Business hits 50m users globally, 15m in India

New Delhi: With the COVID-19 disruptions bringing more businesses online, WhatsApp Business has reached a new milestone of 50 million monthly users globally with almost a third of them being in India, the Facebook-owned platform said on Thursday. In India, there are more than 15 million monthly WhatsApp Business app users. The platform on Thursday […]

Saudi Arabia pushes former minister for top role at World Trade Organisation

Abu Dhabi: Saudi Arabia has nominated Mohammed Al Tuwaijri for position of director-general at World Trade Organisation (WTO). He was the kingdom’s minister of economy and planning from 2016, before being relieved in March. As minister, Al Tuwaijri oversaw sweeping changes the economy initiated as part of Vision 2030, which has set a target of […]

Dubai’s business activity shows ‘tentative’ signs of recovery in June

Dubai: The easing in COVID-19 restrictions showed up favourably on Dubai’s economy during June. Private businesses have seen a “tentative” rise in new orders – but that work is now being done by significantly reduced workforces. Employment numbers have contracted for a fourth straight month. Even then, “Confidence about the business outlook continued to improve, […]