Business Blog

UK output still below pre-recession high

Niesr is latest body to upgrade its forecasts, predicting GDP growth of 2.9% this year, but it estimates the economy is still 0.17% under 2008 peak

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Nintendo defends 'anti-gay' game

CNN talks to the "Miiquality" Campaign's Tye Marini about why he wants same-sex marriage in a virtual reality game.{MBD} {IMAGE}

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Muscat Municipality to crack down on landlords evading tax on rentals

The Muscat Municipality has decided to crack down on landlords evading tax on property rentals by imposing fines. According to a Muscat Municipality official, all property rentals are subject to a three per cent annual tax.

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Saudi tourism unaffected by Mers: agents

There has been no impact of Mers on tourism to Saudi Arabia, say travel agents even as the GCC country added additional measures to tackle the problem.

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Banksy saves club from going bust

A struggling English youth club could have its fortunes turned around, thanks to a rather unusual gift.{MBD} {IMAGE}

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GLOBAL MARKETS-ECB stimulus talk knocks euro, peripheral yields

* Investors position for more ECB stimulus in June* Lower-rated euro zone debt yields fall to record lows* Euro slips further against dollar* Portuguese bonds also boosted by S&P outlook upgradeBy Francesco CanepaLONDON, May 9 (Reuters) - Lower-rated euro zone bond yields fell to fresh record lows and the common currency slid further on Friday as investors positioned for more monetary stimulus fro
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