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19:16, 24 April 2014 Thursday
Economy

11:26, 24 April 2014 Thursday
Apple buys back shares as Q2 earnings rise

Tech giant Apple reported Wednesday a 4.6 percent increase to $45.6 billion in quarterly revenue, beating market expectations after selling 43.7 million iPhones.

11:03, 24 April 2014 Thursday
African trade ministers convene in Addis Ababa

The six-day meeting is expected to discuss the CFTA's objectives, the principles that will guide negotiations for the free trade area, and the institutional arrangements needed to conduct negotiations.

16:44, 23 April 2014 Wednesday
Russia offers gas talks with EU Ukraine- UPDATED

Russia has proposed from European Union Energy Commissioner Guenther Oettinger for a three-way meeting on gas between Russia

14:33, 23 April 2014 Wednesday
Foreign banks can keep majority stakes for now- Zimbabwe

The southern African country, which ditched its hyper-inflated local currency in 2009, is facing a serious dollar crunch as a result of lack of foreign donor support and investment

13:29, 23 April 2014 Wednesday
French cabinet approves plan to reach EU deficit targets

The European Commission, in charge of policing member states' public finances, is expected to respond to French projections in early June after European parliamentary elections

11:48, 23 April 2014 Wednesday
Australia orders 58 F-35 Lockheed Martin stealth fighters

The Australian purchase is a signal of confidence in the F-35 Joint Strike Fighter (JSF) programme, which is about 70 percent over budget and years behind schedule

10:04, 23 April 2014 Wednesday
Argentina government calls on businesses to cap prices

Executives say a plan is needed to tackle surging inflation as economic recession looms.

00:19, 23 April 2014 Wednesday
Obama Abe under pressure to salvage signature trade pact

An agreement between the United States and Japan is crucial for setting the tone for other countries engaged in the TPP

17:01, 22 April 2014 Tuesday
Exxon finds tapping device on UK oil pipeline

The pipeline was closed as a precaution following the discovery of the fuel store

13:13, 22 April 2014 Tuesday
US applies extra steel import tax from Turkey Mexico

Unfair pricing which threatens U.S. domestic industry brings additional taxes to Turkish and Mexican companies.

12:38, 22 April 2014 Tuesday
French PM under party pressure to tweak deficit plan

With unemployment near 11 percent and growth sluggish, Valls must strike a balance between reassuring EU partners and investors about France's deficits

10:39, 22 April 2014 Tuesday
Polish PM calls to end dependence on Russian gas

"Regardless of how the stand-off over Ukraine develops, one lesson is clear: excessive dependence on Russian energy makes Europe weak," Tusk argues

09:49, 22 April 2014 Tuesday
Ethiopia eyes untapped rubber production potential

So far, rubber trees have been planted on only 270 hectares of land. But the project has already begun yielding rubber, said to be up to international quality standards.

09:44, 22 April 2014 Tuesday
New skyscraper adds academic touch to Nairobi skyline

Construction of the new complex comes at a time when the university is scrambling to expand its facilities to keep up with growing student numbers.

23:04, 21 April 2014 Monday
Iran to cut gasoline subsidy this week

Rouhani says tackling inflation is a priority, and the rate has dropped below 35 percent as his administration introduced more conservative monetary and fiscal policies.

16:10, 21 April 2014 Monday
Yemeni capital suffers from lack of fuel and oil

Long queues at public petrol stations in Sana'a, as private stations have little fuel to oil to sell

11:17, 21 April 2014 Monday
China shoe strike spreads enters second week

The Yue Yuen facilities in Gaobu comprise the company's biggest manufacturing centre. In addition to Adidas, it also makes shoes for Nike Inc , Saucony and other global brands

10:58, 21 April 2014 Monday
Compensation battle rages four years after BP's U S oil

The British oil major has paid out billions of dollars in compensation under a settlement. Some claimants are satisfied, but others are irate that BP is now challenging aspects of the settlement



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