NEW YORK. Gap Inc is splitting into two. The retailer said on Thursday that it’s creating two independent publicly traded companies — low-priced juggernaut Old Navy and a yet-to-be named company, which will consist of the iconic Gap brand, Athleta, Banana Republic as well as the less-known names Athleta, Intermix and Hill City. The San […]

New Delhi: Securities and Exchange Board of India (Sebi) on Friday came out with rules for providing exemption from open offer requirements for corporate debt restructuring, which will now be restricted to scheduled commercial banks and all-India financial institutions. The decision by the market regulator could help the cash-strapped Jet Airways, which is looking for […]

Frankfurt: Euro-area factories suffered their biggest drop in orders in almost six years in February amid mounting concern over trade tariffs and Brexit, dealing a blow to those anticipating a speedy rebound in momentum. Led by Germany and Italy, manufacturing output in the 19-nation region contracted last month, with a Purchasing Managers’ Index falling to […]

When Geetanjali Kaul struggled to keep her child engaged in activities that develop his skills, she spotted a gap in the market

Eugene Kaspersky, CEO of cybersecurity firm Kaspersky Lab, responds to claims that his company develops spy tools for the Russian intelligence. He calls the allegations baseless, unwarranted and “irrelevant”.

“I became the Ruler of Dubai, and the rulers of the other emirates elected me Vice-President and Prime Minister of the UAE.”

Hong Kong: Global Switch, the UK data centre operator, has chosen arrangers for a proposed Hong Kong initial public offering that could raise more than $1 billion, people with knowledge of the matter said. The London-based company picked CLSA Ltd, Goldman Sachs Group Inc and JPMorgan Chase & Co. to lead the deal, according to the […]

London. Advertising group WPP Plc offered investors some relief after a year of account losses, reporting results that slightly beat expectations and indicating the worse may be over by the second half of 2019. The shares rose as much as 9 per cent. Expectations were already low since rival Publicis Groupe SA posted a surprise […]

San Francisco: Tesla said Thursday its Model 3 heralded as an electric car for the masses was available for order at a price of $35,000 (Dh128,538), with delivery promised within a month. The announcement fulfills a vision of Tesla founder and chief Elon Musk, who has touted a more affordable electric car as part of […]

He received a hero’s welcome.