Economy

Seoul: General Motors’ South Korean unit plans to slash 5,000 jobs, or about 30 per cent of its workforce, but keep production steady if Seoul agrees to...

London: Cryptocurrencies such as Bitcoin are failing as a form of money and have shown clear signs of being a financial bubble, but their technology could...

Mexico City: From a hotel in Mexico City, Ann Wilson, a senior executive at the US Motor and Equipment Manufacturers Association (MEMA), is fielding calls...

Beijing: China does not want a trade war with the United States but will defend its interests, a senior Chinese diplomat said on Sunday, after US President...

Muscat: The regulatory framework in Oman is comparable to the world’s leading economies, according to Yang Jiantao, co-chairman of Crowe Horwath, one of...

Muscat: Oman’s central bank has announced issue of government development bonds to the tune of OMR150 million. The issue, which will have a maturity of 10...

Frankfurt: Big time politics from elections to trade wars will overshadow the European Central Bank's (ECB’s) policy meeting next week, keeping...

Washington: US President Donald Trump struck a defiant tone on Friday, saying trade wars were good and easy to win, after his plan to put tariffs on steel...

Muscat: A consortium of two global energy consultants, Navigant Consulting and Tractebel Engie, is expected to submit a detailed feasibility study on...

Berlin: Germany will investigate whether to tighten the rules that govern when an investor needs to disclose a holding in a company after news that...