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Business 23 Jun 2017 | 12:00 AM

Airbnb likely to launch new service to compete with hotels

SAN FRANCISCO: Airbnb Inc is close to launching a new service that will match guests with quality-inspected home and apartment rentals. The product is intended to attract higher-paying travellers who have yet to use Airbnb because they prefer the amenities guaranteed by fancy hotels, said three people familiar with the project.

Business 30 Dec 2016 | 12:00 AM

Inside job in Bangladesh central bank heist?

DHAKA: A top investigator into the electronic theft of US$81mil from the Bangladesh central bank is turning his attention to some IT technicians from the bank whom he suspects hooked up its transactions system to the public Internet, giving hackers access.

Corporate News 16 Dec 2016 | 10:55 PM

FBI agent leaked insider trading probe involving gambler

NEW YORK: U.S. prosecutors said on Friday that an FBI agent had confessed to being a "significant source" of leaked information to journalists covering an insider trading probe involving a famed Las Vegas sports gambler as well as professional golfer Phil Mickelson.

Business 20 Sep 2016 | 12:00 AM

Oil rebounds on Libya fighting

HONG KONG: Oil rebounded from the lowest close in more than a month after clashes halted what would be the first crude shipment from Libya’s Ras Lanuf export terminal since 2014.

Economy 19 Aug 2016 | 3:57 PM

US Army fudged its accounts by trillions of dollars, auditor finds

NEW YORK: The United States Army’s finances are so jumbled it had to make trillions of dollars of improper accounting adjustments to create an illusion that its books are balanced.

Business 21 Jun 2016 | 1:10 AM

Breakfast briefing: Tuesday, June 21

Breakfast briefing: Tuesday, June 21

Banking 03 Jun 2016 | 5:43 PM

US Congress probes Fed’s cyber breaches

WASHINGTON: A US congressional committee has launched an investigation into the Federal Reserve’s cyber security practices after a Reuters report revealed that the US central bank had been hacked more than 50 times between 2011 and 2015.

Business 16 Dec 2015 | 7:51 AM

Asean air safety regulator may still be decades away

BANGKOK: It could take South-East Asia, one of the fastest growing air travel markets, two decades to set up a regulatory body to oversee safety in an industry blighted by disasters in recent years, say national regulators and airline executives.

Construction 26 Sep 2015 | 12:00 AM

Rectifying a leak in strata living

IF you live in a high-rise building and have an inter-floor water leakage issue, you can rest assured that you are not alone. Inter-floor leakages are, without a doubt, one of the biggest problems faced by many dwellers of high-rise buildings.

Property 28 Feb 2015 | 12:00 AM

HGS akin to guaranteeing developers’ profit

THE first question the Government needs to face is why does abandonment of housing projects take place? The root cause is the lack of and lax in enfocement of existing laws.