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Infiniti launches training school in Middle East 4 May 2013 | 05:00 am

Infiniti, the luxury automotive brand from Japan, has launched the Infiniti Training Academy in the Middle East with one mission; to establish a structured learning path for all the Infiniti sales tea...

Direct Line Insurance sees tight motor insurance market 4 May 2013 | 05:00 am

Direct Line Insurance Group, Britain’s biggest car insurer, reported a 47 percent rise in quarterly pretax profit but said its core UK motor insurance market is expected to remain competitive in 2013....

Mercedes Benz becomes global Masters sponsor 4 May 2013 | 05:00 am

Mercedes-Benz has upgraded its corporate involvement at the Masters by becoming one of three global sponsors, allowing the German-based automaker to air television ads during the limited commercial sp...

ADB flags danger of Asia asset bubbles 4 May 2013 | 05:00 am

NEW DELHI — Emerging Asia needs to be on guard against “asset bubbles” as central banks globally loosen monetary policy, the Asia Development Bank’s managing director warned on Friday. Last month, Jap...

US economy growing but slowly – Buffett 4 May 2013 | 05:00 am

Billionaire investor Warren Buffett waves to the audience at the start of a sit-down interview with Fortunes Pattie Sellers, unseen, at the University of Nebraska at Omahas College of Business Adminis...

Agricultural Brazil suffers from spiraling food prices 4 May 2013 | 05:00 am

A worker packs tomatoes in a farm in Salto, 100 km west of Sao Paulo. As Brazilian policymakers try to contain the fastest inflation rate the South American country has seen in years without disruptin...

Dubais skyscrapers could become towering infernos 4 May 2013 | 05:00 am

DUBAI — New skycrapers popping up in Dubai are feared to pose dangers to their occupants as they are covered with aluminum facades, which are highly inflamable, Fox News said on Friday. “Shiny, new sk...

Indias CB cuts rate but warns of risks 4 May 2013 | 05:00 am

MUMBAI — India’s central bank cut its main interest rate by 25 basis points on Friday in the third such move this year, but said there was “little space” for further reductions to help the slowing eco...

New Nissan Sentra defies sales expectations in compact sedan segment 4 May 2013 | 05:00 am

The popularity of the new Sentra among Middle East customers has strengthened Nissan’s position as market leader in the highly competitive C segment. Impressively, in the first 50 days of sales, nearl...

Tough auto market dents BMW earnings sales in Q1 4 May 2013 | 05:00 am

Tough auto markets worldwide — including a deep slump in Europe — and investment in new technology dented first-quarter earnings at German automaker BMW AG. BMW’s net profit fell 3 percent to 1.312 bi...

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