Foxconn replaces 60,000 workers with robots
BEIJING: Apple and Samsung supplier Foxconn has cut employees in one of its factories from 110,000 to 50,000. The company...
UK consumer confidence up
LONDON: A gauge of UK consumer confidence rose for the first time since January, but remained below zero as the...
Google wins over Oracle in US$9bn Android trial
SAN FRANCISCO: A US jury on Thursday handed Google a major victory in a long-running copyright battle with Oracle Corp...
Greece planning return to bond markets next year
ATHENS: Greece is planning a gradual return to international debt markets next year, a senior Greek official said on Thursday....
US economy growth revised higher in 1Q
WASHINGTON: US economic growth slowed in the first quarter although not as sharply as initially thought, as a surge in...
Indonesia to ink oil, LPG import deal with Iran
JAKARTA: Indonesia expects to sign an initial deal on Sunday with Iran for the purchase of crude oil and liquefied...
Mauritius trade deficit falls 1 pct in Q1 as import prices drop -data
PORT LOUIS: Mauritius' trade deficit narrowed by 1 percent year-on-year in the first quarter of this year to 16.27 billion...
Taiwan cuts 2016 GDP outlook again as export slide deepens
TAIPEI: Taiwan cut its 2016 economic growth outlook for the third time on Friday, as weak demand for the island's...
Russia searching for export markets to curb chicken glut
MOSCOW: Russia is producing more poultry than ever, and scrambling to expand exports as the increased supply sinks domestic prices....
Export demand drives U.K. output up 16.4% in April
LONDON: U.K. car manufacturing continues making significant gains with the April build up 16.4% to 149,334 units, the ninth consecutive...
Malaysian Customs seizes liquor worth RM1.4 million
KUANTAN: The state Customs Department seized liquor worth RM1.4 million involving RM15.2 million in unpaid duty and taxes. Pahang Customs...
European shares advance as Roche rally lifts pharma stocks
FRANKFURT: European shares were steady on Friday, propped up by the Swiss stock market and pharmaceuticals companies after drugmaker Roche...
CANADA STOCKS-TSX rises as financials rally; resource stocks dip with commodities
TORONTO: Canada's main stock index rose on Friday as financials rallied, while resource stocks retreated with commodities and investors waited...
Stocks close higher after Yellen; Dow, S&P post best week since March
NEW YORK: U.S. stocks closed higher Friday, posting a solid week of gains, after Federal Reserve Chair Janet Yellen said...
Member Dr Irshad announces rewards for Quetta RTO officers
QUETTA: Member Inland Revenue (Operations) Dr Muhammad Irshad has lauded the performance of Quetta Regional Tax Office and announced monetary...
LCCI urges govt not to impose new tax in industrial sector
LAHORE: The Lahore chamber of Commerce & Industry (LCCI) has urged the government to declare real estate sector as industry...
FBR to enhance FED on cigarettes to generate Rs 15b
ISLAMABAD: With the aim to generate Rs 15 billion, Federal Board of Revenue (FBR) has decided to increase federal excise...
Pak-Thailand FTA to be finalized by end of this year which will give boost to bilateral trade – Envoy
ISLAMABAD: H.E. Suchart Liengsaengthong said that Free Trade Agreement (FTA) between Pakistan and Thailand would hopefully be finalized by the...
HMRC loses £50m Chelsea Barracks tax appeal to Qatar
LONDON: HM Revenue & Customs has lost its bid to recover up to £50m in stamp duty from the sale...
Denmark explores Sri Lankan port investment options
COPENHAGEN: The envoy for Denmark, home to the world’s biggest container shipping line, met Sri Lanka’s ports and shipping minister...
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