Saudi Arabia has named Yasir al-Rumayyan, head of the kingdom's sovereign wealth fund, known as the PIF, as the chairman of state oil giant Aramco, replacing Energy Minister Khalid al-Falih, Bloomberg reported on Monday, citing an unnamed Saudi official.
LONDON: Tata Steel is to shut a plant in Wales but has agreed to safeguard jobs elsewhere, the Indian giant announced Monday (Sep 2), as it restructures amid the collapse of a mega-merger. Tata, Britain's biggest steel operator, said it will close its Orb Electrical Steels in Newport, South Wales...
The United States and Poland believe suppliers of 5G network equipment should be rigorously evaluated for foreign government control, a joint declaration signed on Monday said, as Washington pressures allies to exclude China from 5G networks.
THE HAGUE: Dutch national carrier KLM said it scrapped 28 round-trip flights Monday (Sep 2) across Europe after ground staff downed tools in a two-hour strike for higher wages. Airline spokeswoman Manel Vrijenhoek said the move came after a section of ground crew belonging to the largest Dutch ...
The top Dutch tax politician has denied meeting representatives of Uber Technologies, in answer to questions from parliament about why the company has been allowed to claim a provisional US$6.1 billion tax write-off in the Netherlands.
China has lodged a case against the United States with the World Trade Organization (WTO) over U.S. import duties, the Chinese commerce ministry said on Monday.
Deutsche Bank's chief executive Christian Sewing will spend 15per cent of his monthly net salary buying the German lender's shares starting in September, a regulatory filing showed on Monday.
JAKARTA: It's the size of a credit card and about as slim. But if you're trapped under rubble after an earthquake, it just might save your life. A trio of Indonesian university students has invented a device that uses high-frequency signals to help locate victims after a natural disaster....
Global stocks dipped on Monday after the United States and China imposed new tariffs on each other's goods, reinforcing investors' worries over slowing global growth, with no clear end in sight for the trade war.
The bitter trade war between China and the United States kept global factory activity largely in decline in August, business surveys showed, strengthening the case for policymakers to unleash fresh stimulus to fend off recession risks.
