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Business 11 Sep 2010 | 12:00 AM Premium

Castro says he was misinterpreted on Cuban economy

HAVANA: Fidel Castro said Friday his comments about the Cuban economic model no longer working were misinterpreted by a visiting American journalist - taking back an admission that caused a stir around the globe.

Business 04 Oct 2010 | 12:00 AM Premium

US terror warning could hurt Europe's economy

MADRID: A rare advisory for U.S. travelers to beware of potential terrorist threats in Europe drew American shrugs from Paris to Rome, but tourism officials worried that it could deter would-be visitors from moving ahead with plans to cross the Atlantic.

Business 28 Oct 2010 | 12:00 AM Premium

Northrop Grumman 3Q profit rises, boosts forecast

NEW YORK: Defense contractor Northrop Grumman Corp. said on Wednesday that its third-quarter profit edged up on contributions from its aerospace, electronics and technology businesses, and boosted its earnings guidance for the year.

Business 01 Nov 2010 | 12:00 AM Premium

French airline makes landmark flight to Baghdad

BAGHDAD: A French airliner landed at Baghdad International Airport Sunday, becoming one of the first passenger planes to fly into the Iraqi capital direct from western Europe since the Gulf War and opening a potential new route to stronger international business ties.

Business 24 Dec 2010 | 12:00 AM Premium

Treasury OK'd 10,000 licenses to US firms to do business with Iran

WASHINGTON: The Treasury Department has granted nearly 10,000 special licenses to American companies over the past decade so they could sell some types of products in Iran and other countries the U.S. considers terrorist sponsors, The New York Times reported Thursday.

Business 25 Jan 2011 | 12:00 AM Premium

Engineer gets 32 years for military secrets sale

HONOLULU: A former B-2 stealth bomber engineer was sentenced to 32 years in prison Monday for selling military secrets to China in the latest of several high-profile cases of Chinese espionage in the U.S.

Business 07 Mar 2011 | 12:00 AM Premium

China challenges US predominance in Asia-Pacific

WASHINGTON: Fifteen years ago, when China launched threatening war games off Taiwan on the eve of an election on the self-governing island, the U.S. deployed two aircraft carriers, and China quickly backed down.Things don't seem so one-sided any more.

Business 01 Apr 2011 | 12:00 AM Premium

US: S. Korea trade pact will bar imports from N. Korea

WASHINGTON: The top U.S. diplomat for east Asia said Thursday a proposed free trade agreement with South Korea is in America's strategic interests, rejecting concerns it could provide a back door for imports from communist North Korea.

Business 25 May 2011 | 12:00 AM Premium

US hits more foreign firms with Iran sanctions

WASHINGTON: The Obama administration hit seven foreign companies Tuesday, including Venezuela's state-owned oil company and an Israeli shipping firm, with sanctions for doing business with Iran that helps fund its nuclear programme.

Business 15 Jun 2011 | 12:00 AM Premium

Lockheed Martin's space business to cut 1,200 jobs

DENVER (AP) - Aerospace and defense contractor Lockheed Martin Corp. plans to cut 1,200 employees in its space systems equipment division.