News

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Fri, 23 Nov 2018 14:14:55 GMT

Mazda recalls nearly 62,6K vehicles in Russia

On Friday, the Russian standard agency reported that Mazda was set to recall 62,357 vehicles sold in the time period of May 2006 to November 2014, due to a potential airbag issue.

Fri, 23 Nov 2018 13:06:12 GMT

Ethiopian Airlines speeds up hunt for African routes

Ethiopian Airlines is speeding up its hunt strategy for new Africa's connections to get control of traffic on the African continent, the carrier announced on Friday.

Fri, 23 Nov 2018 12:49:10 GMT

Volvo Cars postpones Lynk & Co vehicle production in Belgium

Volvo Cars has postponed its initial plans to build Lynk & Co vehicles at the Belgium plant in late 2019 amid increased macro-economic uncertainty, the carmaker's spokesman stated on Friday.

Fri, 23 Nov 2018 12:28:17 GMT

Renault's Interim Deputy head vows to protect Nissan alliance

Renault's Interim Deputy CEO vowed on Friday he would protect the automaker's interest in the Nissan Motor alliance, after Carlos Ghosn had been ousted as Nissan's chairman amid financial misconduct allegations.

Fri, 23 Nov 2018 11:10:57 GMT

EU officials open investigation into airline bookings

The officials of the European Union have begun an investigation into possible breaching of antitrust rules by Amadeus flight booking systems.

Fri, 23 Nov 2018 11:10:30 GMT

European business activity slows down

On Friday, the data for European business growth was published. The released data was lower than forecast, indicating that the growth in the EU has decreased.

Fri, 23 Nov 2018 10:13:45 GMT

Sweden's Parliament votes on Stefan Lofven to become PM

The Swedish Parliament is set to vote in the beginning of December on the Social Democrat Stefan Lofven to become the Prime Minister again to form the new administration.

Fri, 23 Nov 2018 10:08:59 GMT

Singapore's FM gets key leadership post

On Friday, the ruling party of Singapore has appointed Heng Swee Keat, the Finance Minister, to the key leadership post, potentially putting him in the line to become next Prime Minister, after the current leader steps down.

Fri, 23 Nov 2018 07:57:04 GMT

German carmakers' heads to attend meeting at White House

The heads of Daimler, BMW and Volkswagen are set to attend the White House meeting with the President Trump's Administration, despite no formal invitation has been sent yet.

Fri, 23 Nov 2018 07:53:52 GMT

Italy's EU Affairs Minister likely to quit due to budget stand-off

Paolo Savona, the Italian EU Affairs Minister, is thinking over a resignation from his post due to government's decision to challenge the EU budget ruled, according to the Corriere Della Sera daily.

Fri, 23 Nov 2018 07:38:50 GMT

Samsung Electronics to pay compensation to ill-workers

On Friday, Samsung Electronics vowed it would pay compensation to its display factory and local chip workers, suffering from work-related illnesses, by 2028.

Fri, 23 Nov 2018 07:35:16 GMT

Nissan likely to appoint new chairman by Dec. 20

Nissan Motor is planning to appoint new chairman during the following two months, hopefully ahead of the company's next board meeting scheduled for December 20, to replace the ousted chairman Carlos Ghosn.

Fri, 23 Nov 2018 06:22:07 GMT

Saudi prince stars Middle East tour

The Saudi Arabia's Crown Prince Mohammed bin Salman on Friday began a tour across the Middle East from visiting the United Arab Emirates.

Fri, 23 Nov 2018 06:18:04 GMT

Oil prices continue falling

On Friday, continuous concerns regarding extension of global supply continued to drive to drive crude oil prices down to $53.35 a barrel, thus reaching this year lows.

Fri, 23 Nov 2018 05:24:29 GMT

China wants fair and equal dialogue with US

The Chinese Vice Commerce Minister Wang Shouwen stated on Friday that negotiations between China and the United States must be based on mutually beneficial and equal basis.

Fri, 23 Nov 2018 05:20:03 GMT

Singapore core inflation rises to 1.9%

According to data released on Friday, an increased cost of gas and electricity caused a little rise of Singapore's core inflation to 1.9% in October compared to 1.8% reported in September.

Fri, 23 Nov 2018 03:50:25 GMT

China's State Council: reform in FTZ to deepen

The State Council of China stated that i is set to take measures to deepen reforms in free trade zones, adding that qualified individuals in them are to be allowed to make investments in overseas securities.

Fri, 23 Nov 2018 03:50:11 GMT

Thanksgiving e-commerce spending in US to reach $3.5B

Thanksgiving online sales in the US are expected to reach a record $3.5B, up about 20% from 2017, according to the report from Adobe, which analyses online sales.

Fri, 23 Nov 2018 03:37:37 GMT

BMW gets ride-hailing license in China's province

Germany's carmaker BMW obtained a ride-hailing services license in the Chinese capital of Sichuan Province and would launch services in the city starting from December.

Fri, 23 Nov 2018 03:32:04 GMT

Chinese air transport enterprises reach $77B operating revenue in 2017

Chinese air transport enterprises realised nearly $77.14B gross operating revenue in 2017, a 16% year-over-year increase, the CATA stated.

Thu, 22 Nov 2018 21:07:10 GMT

Sports Direct boss urges lawmakers to support UK retail

Mike Ashley, the founder of Sports Direct, is set to use an appearance in front of lawmakers in December to request more assistance for the UK struggling retail sector.

Thu, 22 Nov 2018 21:03:55 GMT

WTO: G20 trade restrictions grow, cover $481B of trade

Countries belonging to the group of G20 applied 40 new trade limiting regulations between May and October, covering around $481B of trade, the WTO stated.

Thu, 22 Nov 2018 20:35:53 GMT

Mexico's inflation weaker than expected in November

Mexican consumer price growth cooled more than anticipated over the first half of November, the report from the national statistics agency revealed.

Thu, 22 Nov 2018 20:26:07 GMT

Greek CB plans to reduce bad loan burden of banks

The Central Bank of Greece unveiled a proposal, saying that it could remove bad loans from balance sheets of banks to a single-digit ratio in two or three years, aiming to beat a regulators' deadline.

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