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OPEC members fail to seal oil output cap deal
4 Jun 2016 5:25 AM IST“To come up with a number is very difficult to do,” OPEC secretary general Abdalla El-Badri said in Vienna. “But at this time now the number that we...
UK retailer BHS crashes with 11,000 job losses
4 Jun 2016 5:18 AM ISTThe 88-year-old chain, which sells clothing, food and homeware, has failed to keep pace with traditional rivals such as Marks & Spencer and online...
Airbus concedes some A400M problems are 'home-made'
30 May 2016 6:40 AM ISTAirbus chief Tom Enders conceded in a newspaper interview today that some of the "massive problems" dogging the European airplane manufacturer's new...
Brussels cops crack down on peaceful anti-austerity protests
26 May 2016 4:57 AM ISTBelgian police fired water-cannon during clashes with protesters at a huge demonstration in Brussels on Tuesday against the centre-right government's...
French tax police raid US Google’s Paris offices for fraud
26 May 2016 4:55 AM IST"These searches are part of a preliminary investigation opened in June 16, 2015, into aggravated tax fraud and conspiracy to conceal (it), following a...
Tata Motors in talks to set up car unit in Iran
24 May 2016 5:18 AM ISTIndia's Tata Motors is in talks with a local manufacturer here to set up a joint venture for assembling its petrol cars in Iran as it looks to tap the...
Apple, Google locked in battle for supremacy
24 May 2016 4:53 AM ISTFor a brief time early this year, Google parent Alphabet overtook Apple as the world's largest company by market value. Apple then regained, lost and...
USA tries to bully Japan not to tame yen
23 May 2016 2:48 AM ISTThe warning came in talks on the sidelines of a G7 meeting where Japan’s actions have set it on a collision course with its counterparts, including...
Canada oil sand sites evacuated due to wildfires
19 May 2016 4:39 AM ISTThe evacuation orders, which affect some 8,000 people, were issued late Monday (0200 GMT Tuesday) for a region between Fort McMurray and a few...
US Apple invests $1 bn in China taxi hailing app Didi
15 May 2016 4:32 AM ISTUS tech giant Apple has raised its stakes in China by investing $1 billion in ride hailing app Didi Chuxin, the single largest investment received by...
Self-driving cars may hit roads in 5 years, says Google project partner Fiat Chrysler
9 May 2016 2:44 AM ISTChief executive Sergio Marchionne declined to disclose financial details of the partnership or a timetable for building minivans that will expand the...
Online underworld bank’s founder gets 20 years’ jail
9 May 2016 2:39 AM ISTArthur Budovsky, 42, had pleaded guilty to one count of conspiring to commit money laundering on January 29, three days before the scheduled start of...