CATEGORY: Business News

Carrefour Sees Slight Drop in Sales
Global retailer Carrefour SA says rising sales in Latin America and Asia helped offset shrinking revenue in Europe in the second quarter. The French-based company reported quarterly sales of 20.46 billion euros, down 0.6 percent

Petrochemical exports to hit 23m t/y: Minister
atar’s chemical and petrochemical industry investments will further increase the sector’s export portfolio to 23m tonnes per year by 2020, positioning Qatar among the top exporters in the industry, said the Minister of

World Bank Chief Faces Challenges as he Makes his Mark
In his first year as president of the World Bank, Jim Yong Kim has tried to refocus the institution on fighting poverty and climate change -- but challenges lie ahead. The pick of the Korean-American,

Financial Crisis Cripples Spain’s Top Medical Research
In blue gloves and goggles, Maria Jesus Vicent's team of young researchers busily mix chemicals in their laboratory, where they work at improving medications for cancer and Alzheimer's disease. Theirs is a well-equipped lab, but

Siemens Sells its 50% Stake in NSN to Nokia
Finnish telecommunications company Nokia on Monday said it had agreed to buy German engineering giant Siemens' 50 percent stake in their mobile broadband joint venture NSN for 1.7 billion euros ($2.2 billion). Once the deal