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Business

Brexit up in the air as May pushes divorce deal for 3rd time

LONDON: British Prime Minister Theresa May held crisis talks with senior colleagues and hardline Brexiteers on Sunday trying to breathe life into her twice-defeated European divorce deal after reports her cabinet was plotting to topple her.

Business

Time to talk about Lebanese debt overhaul

DUBAI: Lebanon should consider a voluntary debt restructuring to avert a financial crisis despite pledges of aid from Gulf benefactors, according to Franklin Templeton Investments, which manages US$650bil in assets worldwide.

Business

It’s a case of old habits die hard

THIS is the last time I will be away on a six-week stretch. It all started when I had to attend my Harvard Business School (HBS) AMP 182 annual class reunion in Lisbon, Portugal on June 20. As I had to attend two graduation convocations in London on July 11 and July 26, I decided to stay back in Europe and travel.

Business

Pakistan said to devalue rupee for the third time since December

KARACHI: Pakistan’s central bank devalued the rupee for a third time since December amid a worsening economy and speculation the country will need support from the International Monetary Fund (IMF).

Business

Airbus board triggers shake-up to end succession row

PARIS: Airbus confirmed the departure of planemaking chief Fabrice Bregier as part of a series of board moves on Friday to clear the air over succession plans following weeks of speculation surrounding Europe's largest aerospace firm.

Business

French-German bond yield spread at pre-crisis levels

LONDON: The gap between French and German borrowing costs moved to its tightest level since before the eurozone debt crisis of 2010-2012 as growing optimism over the future of the bloc overwhelms concerns over the political stalemate in Germany.