News

Note: This section contains information in English only.
Tue, 14 Jan 2020 03:18:20 GMT

Iran is unlikely to block the Strait of Hormuz

According to analysts on Monday, Iran is unlikely to close the Strait of Hormuz over the killing of the Iranian top military commander Qassem Soleimani.

Mon, 13 Jan 2020 20:51:20 GMT

Ford's China sales fall 26%

Ford Motor's vehicle sales in China declined 26.1% for a third year, falling for a third year in a row, while it battled prolonged overall sales decrease in the second-biggest market.

Mon, 13 Jan 2020 19:45:39 GMT

Maersk to boost land transportation activities

Maersk announced plans to concentrate on premium services, including cold storage, to avoid competing with freight-forwarding clients, while expanding its land transportation business.

Mon, 13 Jan 2020 18:59:04 GMT

Thyssenkrupp intensify efforts to sell Industrial Solutions

The German conglomerate Thyssenkrupp has stepped up its efforts to sell the Industrial Solutions unit, the construction company that builds industrial sites and plants, according to the Financial Times report.

Mon, 13 Jan 2020 17:56:17 GMT

Renault shares drop on worries about Nissan alliance

On Monday, Renault shares reached their six-year low as shareholders are worried the French carmaker's cost-sharing alliance with the Japanese car manufacturer Nissan might break up without its ex-CEO Carlos Ghosn.

Mon, 13 Jan 2020 16:47:59 GMT

Peugeot family seeks raising PSA-FCA stake

The Peugeot family, the owner of 6.2% stake in the PSA-Fiat Chrysler tie-up, is seeking to raise its holding in the nearest time by up to 2.5%, a representative stated in an interview.

Mon, 13 Jan 2020 15:51:54 GMT

Ford Motor's China car sales fall 26%

Ford Motor's vehicle sales in China plunged by 26.1% for the third year in succession, as the carmaker struggles with an overall sales decline in the Chinese market that had hit demand for Ford's mass-market brand and SUVs.

Mon, 13 Jan 2020 15:39:40 GMT

World stock markets hover close to record levels

On Monday, global stock markets were hovering near their record levels right ahead of the Phase 1 US-China trade deal that is expected to be signed in the nearest time, according to Reuters.

Mon, 13 Jan 2020 13:53:36 GMT

New Boeing CEO takes over amid 737 MAX crisis

David Calhoun, the new Boeing CEO, has taken over his duties on Monday, as the US planemaker struggles to recover after fatal crashes involving its 737 MAX aircraft that claimed lives of 346 people and triggered the jet's worldwide grounding.

Mon, 13 Jan 2020 13:39:49 GMT

Queen Elizabeth to meet Prince Harry over family crisis

On Monday, Queen Elizabeth together with her heirs is set for a meeting with Prince Harry to thrash out the plan for the grandson and his wife Meghan after the couple announced they would step back from their royal duties.

Mon, 13 Jan 2020 11:40:21 GMT

UK carrier Flybe seeks survival via financing

The regional British carrier Flybe is seeking survival and the UK government has been called upon for financing talks to prevent another airline failure in recent months, media reported on Monday.

Mon, 13 Jan 2020 10:53:28 GMT

US officials to visit UK over Huawei 5G role

On Monday, US officials are set to visit Britain, seeking to persuade the country not to use the Huawei equipment in its 5G telecoms network's upgrade, Reuters reported.

Mon, 13 Jan 2020 10:27:40 GMT

US launches inquiry into Fitbit, Garmin after Philips complains

The US trade regulators launched an investigation into wearable monitoring devices made by such brands as Fitbit Inc and Garmin Ltd, after the patent violation allegations filed by rival Koninklijke Philips.

Mon, 13 Jan 2020 08:48:29 GMT

Ford's China car sales plunge 26%

Ford Motor's vehicle sales in China dropped by 26.1% for the third consecutive year, as the carmaker struggles with an overall sales decline in the second-largest market that had hit demand for Ford's mass-market brand and SUVs.

Mon, 13 Jan 2020 07:40:00 GMT

Boeing suppliers to tie-up in $6.4B deal

The composites technology firm Hexcel Corp and the industrial and aircraft parts maker Woodward announced their planned all-stock merger of equals, seeking to build the integrated systems provider for the industrial and aerospace sectors.

Mon, 13 Jan 2020 05:55:24 GMT

Indonesia, UAE sign $23B agreement

The President of Indonesia Joko Widodo stated on Monday that his country has signed a $23B deal with the United Arab Emirates covering investments in the area of energy.

Mon, 13 Jan 2020 05:16:04 GMT

Walmart fires 50 executives in India

According to sources familiar with the matter, Walmart ended relationship with nearly 50 executives in pre process of restructurisation of its business in India.

Mon, 13 Jan 2020 04:10:57 GMT

Peugeot family plans to increase stake in PSA- Fiat Chrysler

France's Peugeot family is planning to raise its stake in the new automaker emerging from PSA and Fiat Chrysler's merger, as quickly as possible.

Mon, 13 Jan 2020 02:54:32 GMT

Thyssenkrupp rises efforts to sell Industrial Solutions

On Sunday, the Financial Times reported that Germany's conglomerate Thyssenkrupp has intensified efforts to sell the company's Industrial Solutions unit.

Sun, 12 Jan 2020 20:13:33 GMT

Khamenei calls for cooperation

The Supreme Leader of Iran Ayatollah Ali Khamenei on Sunday called the Middle East countries for greater cooperation and repeatedly criticized the US policy in the region.

Sun, 12 Jan 2020 19:11:23 GMT

Europe urges Iran to observe nuclear deal

On Sunday, leaders of Germany, France and the UK called Iran to honour the 2015 nuclear agreement and avoid any further escalation of conflict.

Sun, 12 Jan 2020 18:04:58 GMT

White House officials to visit UK

The US delegation is expected to pay an official visit to the United Kingdom to convince the British government not to use Huawei equipment.

Sun, 12 Jan 2020 16:41:45 GMT

Peugeot aims to raise stake in PSA-Fiat Chrysler

Peugeot, which is likely to own a stake of 6.2% in the carmaker resulting from Fiat Chrysler's and PSA merger, aimed to raise its stake as quickly as possible.

Sun, 12 Jan 2020 15:42:06 GMT

Thyssenkrupp increases efforts to sell Industrial Solutions

Germany's Thyssenkrupp AG accelerated efforts to sell the company's Industrial Solutions, which builds industrial sites and plants.

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