Hot News Headlines

TRA set to launch strategic review

MANAMA: The Telecommunications Regulatory Authority (TRA) is set to embark on a strategic review of the telecommunications market in Bahrain.

The last time the TRA undertook a similar strategic market review was in 2008.

TRA recognises that significant competition has developed in Bahr...ReadMore

Tokyo prices hit high

TOKYO: Core consumer prices in Tokyo, a leading indicator of nationwide inflation, probably rose the most in 22 years in April after an increase in Japan's sales tax drove up prices across the board, a poll showed yesterday.

Vimpelcom sells Algeria firm stake

MOSCOW: Russia's Vimpelcom has resolved a long-running dispute with the Algerian government by selling it a majority stake in the country's biggest telecoms operator for $2.6 billion, while it will keep control and slash debt.

Business model canvas focus of BCCI workshop

MANAMA: Bahrain Chamber of Commerce and Industry (BCCI) SME Development and Support Centre will hold a "Business Model Canvas" workshop for the second time, in addition to its next series on "Am I Innovatable?"

Audi planning to sell half million cars in China

BEIJING: Volkswagen's luxury division Audi plans to sell about half a million cars this year in China, the world's biggest car market.

Microsoft new XBox sales top five million

WASHINGTON: Microsoft said it has sold more than five million XBox One consoles since they were launched in November.

Singapore homes clamp hits luxury developers

SINGAPORE: Luxury property developers in Singapore are facing their worst sales outlook in six years as a raft of government measures to cool one of the world's most expensive real estate markets bite.

Bank closes Crimea operations

PARIS: French bank Credit Agricole has closed its central branch in Crimea, the last one in the Black Sea peninsula that was still operating, a local call centre employee said as foreign banks withdraw from the Black Sea peninsula following Russia's annexation.

Reliance profit hits $933m in fourth quarter

NEW DELHI: Energy giant Reliance Industries Limited reported a marginal rise in quarterly profit yesterday, with billionaire tycoon Mukesh Ambani saying his company had turned in a "satisfying" full-year performance.

Japan-US eyeing trade deal

WASHINGTON: Talks between the US and Japan seen as vital to a broader regional trade pact had narrowed to a few critical areas and will resume again on Monday, officials of both countries said yesterday, as negotiators struggle to bridge gaps ahead of a summit between the countries' leaders.

Turkey firm seeks strategic partner

ISTANBUL: Turkish luxury leather goods maker Desa, which supplies brands including Prada and Mulberry, is seeking a strategic partner to help take its own label global, its chief executive said.

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