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Business 02 May 2013 | 10:30 AM

Facebook first-quarter revenue up 38%

NEW YORK: Facebook Inc's first-quarter revenue increased 38 percent year-on-year, as the world's largest social network continued to grow its mobile advertising business.

Business 02 May 2013 | 11:29 AM

World Bank sees progress in some of the most fragile countries

WASHINGTON: Twenty of the world's most troubled countries have made progress in efforts that range from reducing poverty to improving the education of girls and cutting down on the deaths of women in childbirth, the World Bank said on Wednesday.

Business 02 May 2013 | 11:42 AM

Boeing board approves new 777 sales

NEW YORK: Boeing Co's board has given its commercial airplanes unit approval to start selling a new version of its long-range 777 jetliner, the Wall Street Journal reported, citing an unnamed person familiar with the decision.

Business 03 May 2013 | 8:35 AM

EU sees deeper euro zone recession in 2013, slower deficit cuts

BRUSSELS: The euro zone economy will contract by more than expected this year and budget deficits will decline more slowly, the European Commission said on Friday as it set out forecasts for the next two years.

Business 03 May 2013 | 9:19 AM

Boeing plans to build world's longest-range passenger jet

PARIS/DUBAI: Boeing has shown airlines a blueprint for the world's longest-range passenger jet, adding spice to a long-awaited revamp of its 777 wide-body jet, people familiar with the matter said.

Business 03 May 2013 | 9:58 AM

Microsoft arms itself with new phone to battle iPhone and Galaxy

SEATTLE: Microsoft Corp's phone chief hates to call the new Nokia Lumia 521 cheap, but the lower-priced smartphone launching in the United States is the company's boldest move yet to win mass market share from leaders Apple Inc and Samsung Electronics.

Business 03 May 2013 | 10:29 AM

LinkedIn Q2 revenue forecast falls short of targets

SAN FRANCISCO: LinkedIn Corp shares fell 10 percent on Thursday after disappointing revenue forecasts suggested that a revamped mobile app and other new products designed to keep smartphone users engaged will not deliver on advertising growth as quickly as anticipated.

Business 03 May 2013 | 10:35 AM

As honey bee numbers drop, US sees threat to food supply

WASHINGTON: Honey bees, which play a key role in pollinating a wide variety of food crops, are in sharp decline in the United States, due to parasites, disease and pesticides, said a federal report released on Thursday.

Business 04 May 2013 | 12:00 AM

LinkedIn Q2 forecast short of targets

SAN FRANCISCO: LinkedIn Corp shares fell 10% after disappointing revenue forecasts suggested that a revamped mobile app and other new products designed to keep smartphone users engaged will not deliver on advertising growth as quickly as anticipated.

Business 04 May 2013 | 12:00 AM

Members may be offered unsold units Not enough sizeable launches due to wait-and-see stand by developers

DOES the general election affect the property sector?