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Business 05 May 2012 | 12:00 AM

Engagement with employees vital

ASK any company and the usual mantra will be the customer comes first. That’s true even for Malaysia Airlines but now the happiness of the employee is something the airline has realised is crucial.

Business 05 Jul 2012 | 12:00 AM

Provincial cash crunch triggers strike in Argentina

BUENOS AIRES: Public-sector workers in Argentina's largest province went on strike over pay on Wednesday in a challenge to the popular, centrist governor seen as a potential successor to President Cristina Fernandez.

Business 11 Jul 2012 | 12:00 AM

RBS, Commerzbank and Standard Bank abort Dubai Group’s US$10b deal

DUBAI: Royal Bank of Scotland and two other banks have abandoned talks on restructuring Dubai Group’s US$10bil debt and threatened to bring unprecedented legal action against the investment vehicle of Dubai’s ruler, sources close to the matter said.

Business 02 Aug 2012 | 12:00 AM

Strike and vacation hit Hyundai, Kia sales

SEOUL: South Korean carmaker Hyundai Motor saw its monthly global sales expand at its slowest pace in 16 months in July, as two-day, partial walkout by its domestic factory workers, along with summer vacations, hurt production.

Business 24 Sep 2012 | 12:00 AM

Most Greeks feel new austerity measures are unfair

ATHENS: An overwhelming majority of Greeks believe new austerity measures the government has promised its international lenders in exchange for more financial aid are unfair and hurt the poorest sections of society, according to a poll on Saturday.

Business 20 Sep 2013 | 12:00 AM

Amazon workers go on strike in Germany

BERLIN: Several hundred employees of the online retail giant Amazon went on strike in Germany in a planned three-day walkout over pay, unions said.

Business 06 Sep 2014 | 6:40 AM

U.S. job growth brakes to eight-month low, labor force shrinks

WASHINGTON: U.S. employers hired the fewest number of workers in eight months in August and more Americans gave up the hunt for jobs, providing a cautious Federal Reserve with more reasons to wait longer before raising interest rates.

Business 25 Sep 2014 | 6:55 AM

Air France withdraws low-cost Europe airline plan

PARIS: Air France-KLM offered on Wednesday to withdraw plans to expand the low-cost operations of its Transavia brand in an effort to end a costly strike by French pilots opposed to the project.

Business 11 Jan 2016 | 12:00 AM

Lufthansa forecasts 2016 earnings growth as fuel costs decline

FRANKFURT: Deutsche Lufthansa AG is forecasting that operating profit will rise in 2016 as fuel costs decline a fourth consecutive year.

Corporate News 30 Apr 2018 | 11:10 AM

Majority shareholders of Med-Bumikar approve UMW takeover

KUALA LUMPUR: The majority of shareholders of Med-Bumikar Mara Sdn Bhd have voted in favour to sell its 50.07% stake in listed auto group MBM Resources Bhd (MBMR) to UMW Holdings Bhd.