Business

BARCELONA: Chinese telecoms giant Huawei unveiled a phone with a folding screen, just four days after rival Samsung became the first major handset maker to offer the feature. The phone, Mate X, will be compatible with the new fifth-generation wireless networks which are starting to be installed around the world, ...

FRANKFURT: German high-end car giants BMW and Mercedes-Benz maker Daimler said they would work together to develop automated driving and driver assistance systems, the latest cooperation for the historically fierce rivals. The two manufacturers have sealed a “long-term, strategic cooperation… to make next-level technologies widely available” by around 2025, they ...

LONDON: British Airways on Thursday announced a multi-billion dollar deal to buy up to 42 Boeing 777 fuel-efficient passenger jets, after Airbus said it would no longer make the A380 superjumbo. BA-parent IAG said its British carrier would purchase 18 Boeing 777-9 planes, while an option for a further 24 ...

KARACHI/NEW DELHI: Flight operations in Pakistan were partially restored on Wednesday evening, with the Jinnah International Airport in Karachi seeing two departures, the Pakistani airport regulator announced. The North East and North Western airspaces remain closed, the Pakistan Civil Aviation Authority said. Flights WY324 from Karachi to Muscat, and EK601 ...

WINDHOEK: Uranium production in Namibia is forecast to rise by 50 percent year-on-year in 2019, more than double the rate of expansion from last year’s 20 percent level, a research firm said. Fitch Solutions Macro Research in the Africa Monitor report for southern Africa released Wednesday, said depressed uranium prices ...

LEVERKUSEN: Bayer’s adjusted core earnings rose 15.8 percent in the fourth quarter, boosted by the addition of U.S. seeds maker Monsanto and on cost cuts at its consumer healthcare business. Fourth-quarter adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to 2.07 billion euros ($2.36 billion), the maker of ...

ATHENS: Bank of Greece said on Monday its board would propose a gross dividend per share of 0.67 euros, unchanged from 2017, on its 2018 profit. The bank said it made net earnings of 657.6 million euros last year, down from 941.8 million euros in 2017. Revenues dropped 16.8 percent ...

KUALA LUMPUR: Low-cost carrier AirAsia has plans to open a restaurant named “Santan” that will serve meals based on its in-flight menu of the same name, the airline’s boss has said. AirAsia Group CEO, Tony Fernandes, was speaking on Larry King Live, though he didn’t specify a timeline or location ...

WASHINGTON: The United States is delaying a planned increase of tariffs on more than $200 billion in Chinese exports after “substantial progress” made in trade talks, President Donald Trump said. “I am pleased to report that the US has made substantial progress in our trade talks with China on important ...

PARIS: French authorities said Friday that there appeared to be no health risks behind the decision to halt production of Nutella at a plant in Normandy, the world´s largest factory making the prized chocolate-and-hazelnut spread. Nutella´s Italian owner Ferrero, whose products also include Ferrero Rocher chocolates, on Wednesday said it ...