World Business

India, Pakistan discuss ways to boost trade, transport

Islamabad, July 19: Senior officials of the Indian and Pakistan governments on Friday reviewed ways to boost bilateral trade and transport services, besides discussing methods for the effective imp

VW chief backs Continental merger plan

Berlin  - The chief of Europe's biggest carmaker, Volkswagen AG, lent his support Friday to a merger between German tyre maker Continental AG and a smaller auto supply company, the Schaeffler Group

EU charges Intel used coercion, bribery with EU makers

Brussels/Frankfurt/New York - European regulators charged late Thursday that US chip-maker Intel used coercion and bribery to unfairly gain market advantage in Europe.

Huge mosque contract for German companies as Merkel visits Algeria

Algiers - A German construction company has secured the contract to build the world's third-largest mosque in Algiers, during a two-day visit to the Algerian capital by Chancellor Angela Merkel, it was announced Thursday.

German architects Engel and Zimmermann, together with construction engineers Krebs and Kiefer, are to build the mosque to hold 40,000 faithful over the next four years.

Other members of the large business delegation travelling with the chancellor on her first visit to the country expressed confidence that other major deals would soon be signed.

Among the contracts under consideration is the delivery of four German-built frigates to the Algerian navy at a cost of some 5 billion euros (8 billion dollars).

Newspaper giant Gannett drops as internet wreaks havoc

New York - The largest newspaper publisher in the US, Gannett Co, reported a sharp drop in profits Wednesday as the flight of readers to the internet amid harsh economic conditions continued to wre

BMW drivers polled ‘Worst Drivers’ on road!

London, July : They might have the flashiest cars in town, but when it comes to driving, BMW drivers are the worst, says a poll.

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