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World Business

A business, also known as an enterprise or a firm, is an organization involved in the trade of goods, services, or both to consumers.

India’s wrangling delaying world customs deal

GENEVA: The World Trade Organisation is still in an impasse over the new treaty on world customs pact, two month after failing to seal it. According to the officials, the main hurdle in blocking the efforts of WTO’s trade facilitation committee by the United States is continued wrangling with India. On the other side, New Delhi has already refused to ... Read More »

Asian stocks up despite Hong Kong unrest

TOKYO:  Asian shares edged Monday despite political unrest in Hong Kong. Japan’s Nikkei average increased 0.7 percent. However, some market shrugged off their Friday rally like Hong Kong shares dropped 2.3 percent to three-month lows due to political turmoil in the country. Read More »

Dollar records 2-year high against yen

NEW YORK: The dollar value against yen rose to its highest in almost two years as unrest in Hong Kong spread to its maximum level. The dollar value was strong against a basket of currencies like the yen and the New Zealand dollar. New Zealand‘s Reserve Bank data showed the central bank intervened last month to speed its currency’s descent. ... Read More »

‘Bash’ bug cannot affect Macintosh PCs: Apple

WASHINGTON: Apple has rejected ‘Bash’ bug, which is wrecking havoc in the IT world, saying that its Macintosh PCs are unlikely to be affected by this recently discovered bug. According to the US company spokesman, the majority of (Macintosh) OS X users are not at risk to ‘Bash’ vulnerabilities. He said that OS X systems were safe by default and ... Read More »

India to import onions from Pakistan, Afghanistan

NEW DELHI: India will import onion from Pakistan and Afghanistan to overcome its shortage in Delhi during the coming festival season. According to Indian government officials, the imports are being made with a view to maintaining the supply of onions in Delhi and also to curb any rise in its prices given that the requirement for the item is bound ... Read More »

China covered 12.3pc of world economy in 2013

BEIJING: Chinese economy covered about 12.3 per cent of the total global economy in 2013. As per data showed by the Chinese National Bureau of Statistics, the country’s GDP was 56.9 trillion yuan (9.32 trillion US dollars), while GDP per capita was 41,908 yuan (6,821 US dollars) during the same corresponding period. It is worth mentioning that China, the world’s ... Read More »

Pre-orders of Samsung Galaxy Note 4 started

LONDON: Network provider EE has begun accepting pre-orders for Samsung Galaxy Note 4, which is going to be launched on October 10 in the UK. Samsung’s new phone will also be a costly device as the network provider has said that those who want to buy the news Galaxy Note 4 on a £40.99 per month, they will have to ... Read More »

BlackBerry suffers £126m loss

OTTAWA: BlackBerry has suffered a £126 million loss for the second quarter as the Canadian company has just launched a new phone. BlackBerry said the company lost two cents per share on an adjusted basis on revenue of £561 million. The drop was smaller than its loss of £591 million last year. The company launched a new big-screen smartphone Passport ... Read More »

Asian markets fall as Apple’s shares slip

TOKYO:Asian markets lowered Friday as Apple’s shares slipped and downed Wall Street. Nikkei 225 index closed 0.9% lower on Friday despite the fact that it closed at a seven-year high on Thursday. Apple shares fell to 3.8% after it was forced to pull an update at its iOS8 operating system. Indonesian market fell as investors stayed away from the markets ... Read More »

Apple rejects iPhone bending claims  

NEW YORK: Apple has rejected claims that its newly-launched iPhone models – iPhone 6 and iPhone 6 Plus- are prone to bending. Earlier, several iPhone 6 owners had complained that new models of iPhone bend when put in pockets of pants or trousers.  Apple in a statement on Friday said that only iPhone 6 Plus phones had bent in the ... Read More »

Samsung speeds up fight to snatch China market from Apple

SEOUL: South Korea’s Samsung is struggling to snatch Chinese market ahead of arch-rival Apple with release date for it hotly anticipated Galaxy Note 4 big-screen smartphone. Samsung has announced that the Note 4 smartphone will be launched in South Korea and China this week, ahead of the planned worldwide debut on October 17. Samsung’s head start in the sizzling “phablet” ... Read More »

Oil prices fall to 2-year low; dollar hits to 4-year high  

NEW YORK:  The dollar marched up to a four-year high on Thursday while oil wilted near a two-year low since investors hoped that the United States would not need central bank assistance in the near future. The central bank released lending data that showed there is little in the way of demand for credit in the euro zone’s still-struggling economy ... Read More »

Chinese will soon buy iPhone 6 legally

BEIJING: Chinese consumers will soon buy their ‘dreamy’ cellular gadget, iPhone 6, legally as Apple’s latest iPhone model is in the final stages of review for approval. According to Chinese Minister for Industry and Information Technology Miao Wei, the exact time cannot be announced in review but the results are very soon. Wei said, “iPhone 6 has entered the final ... Read More »

BlackBerry to unveil cheaper smartphone

MONTREAL, Canada: BlackBerry is going to launch its latest smartphone with a square 4.5-inch screen and physical keyboard at events in Dubai, London and Toronto. Company’s Chief Executive John Chen has said that the BlackBerry Passport would be priced at $599 without a contract in the United States. The price is slightly below the contract-free price of Apple’s new iPhone ... Read More »

Brent crude oil falls as US hits Syria

LONDON: Brent crude has inched lower and reached $97 a barrel as the United States and its allies in Middle East launched strikes against so-called Islamic State strongholds in Syria. Meanwhile, US crude rose 31 cents to $91.18 a barrel, rebounding from a session low of $90.58 that was its weakest since Sept. 11. Oil prices fell to a two-year ... Read More »

Copper market in balance after three-month lows

LONDON: Manufacturing data from top consumer China has helped copper prices steady after touching three-month lows. China’s manufacturing sector picked up some momentum in September even as factory employment slumped to a 5-1/2-year low, reassuring investors who had expected weaker numbers from the world’s second-largest economy. According to analysts, the global copper market is expected to be in a surplus ... Read More »

Over 10 million iPhones sold in 3 days: Apple

London: Apple Inc Chief Executive Tim Cook has disclosed that the company has sold over 10 million iPhones in the first three days of its newly-launched models . In a statement on Tuesday , Chief Executive Tim Cook said the company launched its new model on last Friday and it could sold more new models of iPhone 6 and iPhone ... Read More »

Microsoft to launch new Office software for students

NEW YORK: Microsoft has announced that it will launch a new version of its Office 365 productivity software which will be free for students so that they can equip themselves with latest technologies. Microsoft  also announced a free terabyte of storage on Microsoft’s One Drive cloud service. The officials of Microsoft Tuesday said purpose of launching new software is to ... Read More »

Oil prices fall below $98

SINGAPORE: Ahead of Chinese manufacturing data to be released on Tuesday ,oil prices lowered in Asia on Monday. Brent crude for November fell 48 cents to $97.91. At the same time, US benchmark West Texas Intermediate for October delivery lowered 40 cents to $92.01 . Market analyst Desmond Chua at CMC Markets in Singapore said that Oil price fell due ... Read More »

Asian markets lower on profit-taking  

HONG KONG: Despite big gains at the end of last week, Asian markets lowered on Monday as their profits slightly slipped. Tokyo market shed 0.71 per cent, or 115.27 points to 16,205.90. Sydney market dropped 1.29 per cent, or 70.1 points, to 5,363.0 while Seoul shed 0.71 per cent, or 14.55 points, to 2,039.27. Shanghai lost 1.70 per cent, or ... Read More »