Business

Italian energy giant Enel on Monday took a controlling stake in Brazil’s largest power supplier, buying 73 percent of Eletropaulo shares for about $1.47 billion (1.26 billion euros). Enel and Spanish rival Iberdrola had been fighting...

Qatar has weathered the economic impacts of a stifling Saudi-led blockade, maintaining healthy growth, but some sectors continue to pay the price a year after the crisis erupted. On June 5, 2017, Saudi Arabia, the United...

Training female sewing operators increases supervisory roles for women, boosts productivity, and reduces absenteeism in the readymade garment sector in Bangladesh, according to a University of Oxford evaluation of a training program by IFC, a sister...

Huawei unveils the much-anticipated flagship smartphone HUAWEI P20 Pro in Bangladesh. The HUAWEI P20 Pro features world’s first Leica triple camera which includes unprecedented AI features. It promises a groundbreaking smartphone experience by uniting technology and...

Tokyo stocks opened lower on Friday as fears of a global trade war grew after Washington announced steel and aluminium tariffs on the European Union, Canada and Mexico. The benchmark Nikkei 225 index fell 0.39 percent...

Embattled conglomerate Toshiba on Friday completed the $21 billion sale of its prized chip unit to an investment consortium, a move seen as crucial to keeping the Japanese firm afloat. The deal had been delayed while Chinese...

Nissan is launching the new Terra frame-based SUV in South East Asia, underlining the company’s commitment to the region. Customers in the Philippines can pre-order the new Nissan Terra as of today, with deliveries starting from...

Toyota Motor North America (TMNA) reported May 2018 sales of 215,321 vehicles, a decrease of 1.3 percent from May 2017 on a volume basis. With one more selling day in May 2018 compared to May 2017,...

Shares in Dixons Carphone have sunk by nearly 20% after it warned of a sharp fall in profits this year. The mobile phone and electrical goods retailer also said it would close 92 of its more than 700...

PepsiCo Inc said on Friday it would buy baked fruit and vegetable snack maker Bare Foods Co, as the food and beverage company expands its fast-growing healthy snack portfolio. Bare Foods, founded in 2001 in a...