Business

Business

Turkey’s military pension fund reaches British Steel deal

Turkey's military pension fund OYAK has reached a provisional agreement to take over British Steel and could close the deal by the end of...

Aramco to take 20% in RIL refinery, chemical biz in India’s biggest FDI deal

Mukesh Ambani on Monday announced that Saudi oil giant Aramco has agreed to take a 20 per cent stake in his flagship Reliance Industries'...

Brexit turmoil drives UK towards recession

Britain's economy unexpectedly shrank in the second quarter of the year on Brexit turmoil, official data showed Friday, placing the country on the verge...

Malaysia charges current, ex-Goldman executives over 1MDB scandal

Malaysia filed criminal charges Friday against 17 current and former executives of three Goldman Sachs subsidiaries, piling further pressure on the Wall Street titan...

EU settles on Bulgaria’s Georgieva to lead IMF

European Union governments picked Bulgaria's Kristalina Georgieva as the bloc's candidate to lead the International Monetary Fund after more than 12 hours of talks...

China vows to strike back at US tariffs threat

The trade war between the United States and China escalated on Friday as Beijing threatened to unleash "countermeasures" against US plans to impose tariffs...

“I have failed as an entrepreneur,” says Siddhartha

"I have failed as an entrepreneur," V G Siddhartha, who has gone missing, has said in a letter purportedly written to the Board of...

SoftBank unveils investment fund to drive ‘AI revolution’

Japan's SoftBank Group said Friday it would partner with tech firms including Apple and Microsoft in a new $108-billion investment fund to accelerate the...

Just Eat, Takeaway.com seek to deliver combo deal

Britain's Just Eat and Takeaway.com of the Netherlands unveiled Monday a plan to join forces to create a heavyweight in the rapidly-growing food delivery...

IMF downgrades world growth, warns of ‘precarious’ 2020

Global trade tensions, continued uncertainty and rising prospects for a no-deal Brexit are sapping the strength of the world economy, which faces a "precarious"...