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Islamic halal economy set to grow, says expert

Islamic halal economy set to grow, says expert

The rising demand for halal products has seen businesses, restaurants and hotels across the world cater for the needs of Muslim clients. DUBAI: The halal economy is set to grow as the world’s Muslim population expands and more products are certified to comply with Islamic sharia law, experts said on Tuesday. The range of halal […]

October 6, 2015 | By | Reply More
Airbus, Bombardier end talks over CSeries jet investment

Airbus, Bombardier end talks over CSeries jet investment

MONTREAL/WASHINGTON/PARIS: Airbus on Tuesday called off talks with Bombardier over propping up the troubled CSeries jet, leaving the Canadian plane maker facing dwindling options to keep its dream of competing in the aerospace big league alive. The latest blow to Bombardier, which has been trying to shore up its shrinking cash reserves for months, came […]

October 6, 2015 | By | Reply More
Microsoft unveils first laptop, updated devices using Windows 10

Microsoft unveils first laptop, updated devices using Windows 10

NEW YORK: Microsoft Corp on Tuesday (Oct 6) unveiled its first laptop, a line of Lumia smartphones, a new Surface Pro tablet and an updated version of its wearable fitness tracker, Microsoft Band, all running on Windows 10, its latest operating system. Microsoft is counting on Windows 10, launched in July, to help it win […]

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DuPont CEO departure buys time to appease Peltz

DuPont CEO departure buys time to appease Peltz

BOSTON/TORONTO: The departure of DuPont’s chairwoman and chief executive Ellen Kullman has bought the U.S. chemical manufacturer a few months’ grace to boost its stock price and appease activist investor Nelson Peltz. Before Kullman’s surprise retirement announcement, the billionaire fund manager was considering launching a second attempt to get representation on DuPont’s board, people familiar […]

October 6, 2015 | By | Reply More
Bombardier says no longer in talks with Airbus

Bombardier says no longer in talks with Airbus

WASHINGTON: Canada’s Bombardier Inc on Tuesday said it had held talks with European planemaker Airbus about “certain business opportunities,” but those discussions were no longer under way. The statement followed a similar announcement by Airbus, and news reported earlier by Reuters that Bombardier had approached Airbus about selling it a majority stake in the company’s […]

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Microsoft unveils Windows 10 smartphones, new laptop

Microsoft unveils Windows 10 smartphones, new laptop

NEW YORK: Microsoft unveiled its first Windows 10 smartphones on Tuesday (Oct 6) as it launched a series of new gadgets in a bid to win a bigger share of the competitive mobile market. The technology giant’s two premium Lumia smartphones take aim at popular devices offered by Apple and Samsung and add a few original […]

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Volkswagen CEO says recall to start in January, be completed end-2016

Volkswagen CEO says recall to start in January, be completed end-2016

BERLIN: Volkswagen Chief Executive Matthias Mueller said in an interview with a German newspaper that the company would launch a recall for cars affected by its diesel emissions crisis in January and complete the fix by the end of next year. “If all goes according to plan, we can start the recall in January. All […]

October 6, 2015 | By | Reply More
Airbus says no longer in discussions with Bombardier

Airbus says no longer in discussions with Bombardier

PARIS: European planemaker Airbus Group said on Tuesday it had halted talks with Bombardier after exploring opportunities with the Canadian manufacturer. “Airbus Group SE confirms that it has been exploring business opportunities with Canada-based Bombardier Inc and that such discussions are no longer being pursued,” Airbus Group said in a statement. Reuters reported earlier that […]

October 6, 2015 | By | Reply More
Norwegian Air CEO says US$69 flights from US to Europe around the corner

Norwegian Air CEO says US$69 flights from US to Europe around the corner

NEW YORK: Norwegian Air Shuttle ASA hopes to sell one-way tickets to Europe for US$69 as early as 2017 by flying from U.S. airports that have low fees, Chief Executive Officer Bjørn Kjos said in an interview Tuesday. Europe’s third-largest budget airline is considering flights to Edinburgh and Bergen, Norway from U.S. airports that have […]

October 6, 2015 | By | Reply More
US Volkswagen hearing will have implications for industry, EPA

US Volkswagen hearing will have implications for industry, EPA

WASHINGTON: Volkswagen’s top U.S. executive on Thursday will field questions from U.S. lawmakers on how the automaker managed to evade pollution rules, kicking off a congressional probe into the scandal and whether other automakers might be implicated. But the high-profile proceedings will also scrutinize the U.S. Environmental Protection Agency’s failure to identify Volkswagen AG’s admitted […]

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