Business

SHANGHAI: France’s Total said it has signed a 10-year sales and purchase deal with China’s independent gas company Guanghui for annual supply of 0.7 million tonnes. The super-chilled fuel will be sourced from the French company’s global portfolio and supplied into Guanghui’s regasification terminal in Qidong in East China, Total ...

SEOUL: South Korean government said that it aims to attract 23 million international visitors by 2022, which is expected to create 960,000 new jobs in tourism and related industries. The strategy – crafted by the Ministry of Culture, Sports and Tourism – was unveiled during a meeting between President Moon ...

SYDNEY: Australia’s central bank left its cash rate at 1.5 percent on Tuesday, a widely expected decision given policy makers have signalled a steady outlook for the near-term. The Reserve Bank of Australia (RBA) made the announcement following its monthly policy meeting. A Reuters poll of 22 analysts had found ...

LONDON: MPs on Monday once again failed to find a majority on any alternative Brexit plan before them, leaving Britain’s chaotic path towards leaving the EU mired in uncertainty less than two weeks before its departure date. Brussels has set Britain an April 12 deadline to agree to the divorce ...

SAN FRANCISCO: Apple confirmed that it will not deliver on its promise of helping usher in a wireless future with an AirPower mat for charging its devices. The project announced in late 2017 proved to be an engineering challenge, Apple senior vice president of hardware engineering Dan Riccio told AFP. ...

NEW DELHI: The pilots’ union of India’s troubled Jet Airways said on Sunday it will give the carrier’s new management two weeks to clear unpaid salaries, deferring its plan to take strike action. Jet has delayed payments to pilots, suppliers and lessors for months and defaulted on loans after racking ...

LONDON: Facebook said it is tightening live video streaming rules in response to the service being used to broadcast deadly attacks on mosques in New Zealand. The Christchurch attacks – carried out by a self-avowed white supremacist who opened fire on worshippers at two mosques – claimed 50 lives. Many ...

ZURICH: Swiss bank Julius Baer is considering Credit Suisse’s international wealth management head Iqbal Khan as a possible successor to its chief executive Bernhard Hodler, two sources familiar with the matter told Reuters. Khan, who was hired by Chairman Urs Rohner in 2013 and promoted to lead the newly created ...

BERLIN: German Chancellor Angela Merkel’s coalition government extended by six months an embargo on weapons exports to Saudi Arabia, instituted last October in response to the murder of Saudi journalist Jamal Khashoggi. The ban has faced opposition from within the German government and the European Union, but has the support ...

LONDON: The pound climbed solidly on Friday before a crucial vote on Britain’s Brexit future. Stock markets meanwhile rallied, with investors looking past a downgrade of US growth to focus on the next round of top-level China-US trade talks. Around 1200 GMT, the pound was up 0.4 percent at $1.3100, ...