As the Persian Gulf carriers grapple with the impact of terrorism on global traffic flows and a low oil price that’s crimped local travel, the full extent of the pressures facing them were revealed after Etihad Airways recorded a $1.87 billion annual loss. A $808 million hit from the reduced value of stakes in so…
Samsung’s chip division could be almost twice the size of Intel’s entire business after it propelled Samsung to record second quarter earnings. Accounting for more than 57 percent of its entire earnings, operating profit of 8.03 trillion Korean won ($7.21 billion) in its semiconductor division in the three months to June was reported by the South Korean electronics…
A drop of more than 50 percent in less than 40 years have been noticed in sperm counts in men from America, Europe, Australia and New Zealand, researchers said recently. And what is more alarming is that there is no letup in the rate of decline in sperm count. A potential decline in male health…
With the aim of expanding its hardware, software and security provision, Banking technology firm Cennox has announced a deal to buy the European division of 3SI Security Systems. In recent years, there has been an international upward trend in consumers making transactions using automated teller machines (ATMs) and the deal is believed to be following…
After proposals submitted by the tech giants were considered insufficient, in order to amend their user terms to bring them in line with EU law, European Union authorities have increased pressure on Facebook, Twitter and Google. According to letters sent to the companies and reportedly seen by the media, asking the IT companies to improve…
It is unlikely that a major global legal threat could emerge out of the Allegations of industry collusion between Germany’s car manufacturing industry, Arndt Ellinghorst, head of global automotive research at Evercore ISI, said on Tuesday during a television interview. The possibility of being engaged in an illegal cooperation by German car companies, including Volkswagen,…
Israel is planning a potential increase in spending is bound to offer the private sector a raft of new opportunities as the country wakes up to its dramatic shortfall in infrastructure compared to most developed economies. The formation of a committee that will issue recommendations on infrastructure spending by December was announced last week by…
As Samsung Electronics targets new growth drivers for the chips business, aggressively adding clients is the strategy that the IT giant plans to triple the market share of its contract chip manufacturing business within the next five years, according a senior company executive. In a clear statement that the technology giant was preparing to focus…
Having started out with a bang and as a pioneer in the technology and internet applications world, Yahoo finally had to wind up and ends its run as a mere holding company. And some analysts and market experts predict that the trendsetting ride hailing company Uber Technologies could also be embarking on the same path…
Amazon is telling tens of thousands of marketplace sellers in the U.S. that it will buy their inventory at full retail price with the aim of trying to boost its catalog. A new program is being rolled out where Amazon will buy products at full price from third-party merchants, then sell them to consumers across…
