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Banking 02 Oct 2016 | 10:12 AM

British PM May to trigger EU divorce process by end of March

BIRMINGHAM, England: British Prime Minister Theresa May will trigger the divorce process from the European Union by the end of March, firing the starting gun on the country's biggest shift in policy since World War Two.

Business 27 Nov 2009 | 12:00 AM

Italian PM's wife seeks pricy US$5.3mil monthly alimony in divorce case

ROME: Premier Silvio Berlusconi's estranged wife is seeking euro43 million (US$65 million) a year in alimony in a divorce case she launched after her husband was embroiled in a sex scandal, a bid that was immediately rejected by the billionaire media mogul, an Italian newspaper reported Thursday.

Business 19 Jun 2009 | 12:00 AM

Prosecutors: Wife filing for divorce to avoid paying billions in taxes

BRIDGEPORT, Connecticut: The wife of the man responsible for the largest accounting fraud of the 1990s has filed for divorce - but federal prosecutors say the timing suggests that they're trying to avoid paying billions of dollars in penalties, not that their marriage is on the rocks.

Corporate News 15 Jan 2019 | 10:44 PM

Brexit bedlam: May's EU divorce deal crushed by 230 votes in parliament

LONDON: British lawmakers defeated Prime Minister Theresa May's Brexit divorce deal by a crushing margin on Tuesday, triggering political chaos that could lead to a disorderly exit from the EU or even to a reversal of the 2016 decision to leave

Business 03 Dec 2018 | 12:00 AM

Pound braces for swings on Brexit divorce deal

LONDON: As the countdown to the Brexit divorce deal’s judgment day begins, pound investors will be following the mood in Parliament to gauge its chances of survival.

Business 19 Aug 2016 | 12:00 AM

Stiglitz wants ‘amicable divorce’ if eurozone can’t reform

ZURICH: Nobel laureate Joseph Stiglitz said rather than continuing on its present “dismal” path, the euro area should split up if it can’t undertake reforms.

Business 18 Jul 2009 | 12:00 AM

United Technologies chairman gives US$50mil for divorce

HARTFORD, Connecticut: The chairman of United Technologies ended his marriage - and a highly publicized divorce trial - Friday by giving his Swedish countess ex-wife a settlement agreement worth about US$50 million.

Business 26 Oct 2012 | 12:00 AM

Borneo sees divorce in Bumi Plc’s Indonesian partners

JAKARTA: Indonesias Bakrie family has agreed in principle to pay compensation to coal tycoon Samin Tan for his soured US$1bil investment in their joint stake in Bumi Plc, meaning a “divorce” in the partnership, executives at Tans firm said.

Business 20 Nov 2013 | 6:42 AM

Rupert Murdoch close to finalsiing divorce

NEW YORK: Rupert Murdoch, the chairman of News Corp and 21st Century Fox , and his wife of 14 years, Wendi Deng Murdoch, are close to settling their divorce, according to a report in the New York Times.

Business 08 Jan 2010 | 12:00 AM

Billionaire casino owner and wife divorce for second time

LAS VEGAS: The wife of casino billionaire Steve Wynn says she plans to shift away from the gambling company where he is CEO and focus her attention on charity work as they divorce for the second noshade size=-1 width=50%>