News

Note: This section contains information in English only.
Fri, 17 Nov 2017 12:46:41 GMT

Hariri's visit to France seen to boost Lebanon stability

According to a top aide of Saad al-Hariri, the ex-Lebanon Prime Minister's visit to Paris for a meeting could boost the country's stability and resolve the crisis.

Fri, 17 Nov 2017 12:01:47 GMT

Japan urges Kobe Steel to improve factory management

The Japanese Transport Ministry ordered Kobe Steel on Friday to improve one of its plants' management, amid the steelmaker struggles to resume confidence in its production.

Fri, 17 Nov 2017 12:01:02 GMT

VW board in talks over $82.5B spending plan

Volkswagen supervisory board is in talks over an $82.5B five-year spending plan, amid intentions to transform the company into the e-vehicle leader.

Fri, 17 Nov 2017 10:48:22 GMT

European shares suffer amid disappointing earnings, downgrades on Friday

European shares are set towards their two-week low on Friday, as sluggish earnings updates and several broker downgrades weighted heavily on regional indexes.

Fri, 17 Nov 2017 10:46:51 GMT

Toyota, Suzuki to offer EVs in India by 2020

Toyota Motor Corporation and Suzuki Motor Corporation planned to jointly introduce electric vehicles to the Indian market around 2020, both companies announced on Friday.

Fri, 17 Nov 2017 10:31:07 GMT

Bulgarian Parliament speaker quits on Friday

On Friday, the Bulgarian Parliament speaker Dimitar Glavchev resigned from his post, as he seeks to avoid political upheaval amid Bulgaria's plans to take over the rotating EU presidency in January.

Fri, 17 Nov 2017 10:24:25 GMT

Ford plans investing over $885M in Valencia plant

The US carmaker Ford Motor is planning to invest more than $885M in its Spanish factory in Valencia, amid its new Kuga SUV model production.

Fri, 17 Nov 2017 09:34:49 GMT

Germany to pledge €10M to help clear Syria's mines

Germany is ready to provide Syria with initial €10M to help the country remove mines from its Northern city of Raqqa, the Handelsblatt newspaper reported on Friday.

Fri, 17 Nov 2017 09:11:42 GMT

GM's Cadillac sees China sales to surge 60% in 2017

General Motors' Cadillac forecasts its Chinese sales to jump 60% in 2017, faster it had anticipated at the year's start, on high demand raised by younger buyers.

Fri, 17 Nov 2017 08:34:14 GMT

Germany's coalition talks miss Merkel's deadline

The German coalition negotiations missed the Chancellor Angela Merkel's deadline on Thursday, as parties could not reach the agreement on the major issues such as finances and migration.

Fri, 17 Nov 2017 08:30:56 GMT

Nissan holds news conference on improper inspection case

Nissan Motor started briefing at 0730GMT on Friday, as it aimed to provide some updates on the probe into improper inspection procedures that caused the recall of 1.2M cars in Japan.

Fri, 17 Nov 2017 07:31:59 GMT

Toyota likely to sell locally designed EVs in China

Toyota Motors is thinking over selling its locally developed and produced electric vehicles in China, as it aims to expand the EV line-up and obey Beijing's new sales and NEV production quotas.

Fri, 17 Nov 2017 07:28:50 GMT

Verizon, Comcast seek to buy 21st Century Fox assets

Verizon Communications and Comcast, both are seeking to acquire some assets of Rupert Murdoch's 21st Century Fox, the sources familiar with the matter reported.

Fri, 17 Nov 2017 06:17:47 GMT

Erdogan wants Akkuyu nuclear plant foundations done this month

Turkish newspapers reported the country's President Tayyip Erdogan wanted Akkuyu nuclear plant foundations to be laid by the end of November.

Fri, 17 Nov 2017 06:16:51 GMT

Daimler to invest $755M in China factory capacity

One of Daimler's executives revealed the company was ready to invest around $755M in its Chinese plant to produce electric cars and car batteries.

Fri, 17 Nov 2017 05:24:09 GMT

Tesla presents prototype electric big-rig truck

Late on Thursday, Tesla presented a prototype electric big-rig truck due to be delivered in 2019, as the company seeks to explore a new market.

Fri, 17 Nov 2017 05:23:28 GMT

German coalition talks to stretch into weekend

Angela Merkel's initiated talks to form a three-way ruling coalition may stretch into the weekend as the parties failed to reach an agreement before the deadline.

Fri, 17 Nov 2017 04:34:24 GMT

Canada agree on Maxican proposal to five-year NAFTA review

Canada said that it was open to a Mexico's proposal to review the NAFTA each five years in place of terminating the agreement automatically in case it is not recognised.

Fri, 17 Nov 2017 04:33:47 GMT

Toyota to review selling locally made EVs in China

Toyota Motor stated that it is likely to examine selling locally developed and manufactured electric car models in China in a bid to extend EV lineup.

Fri, 17 Nov 2017 03:25:05 GMT

Toshiba not in talks over sale of its PC unit

Toshiba said that it was not entering into negotiations with any firm over selling its personal computer business, denying rumours on its sale to Taiwan's Asustek Computer.

Fri, 17 Nov 2017 03:24:21 GMT

Nissan's Infinity to begin production in China in 2018

Nissan Motor's premium brand Infinity is set to start producing a new sport-utility vehicle in China next year, using current manufacturing capacity in the city of Dalian.

Thu, 16 Nov 2017 21:03:25 GMT

Siemens to cut 6.9K positions across company

Sources close to the matter reported on Thursday that Siemens would cut about 6.9K jobs, or 2% of its global workforce, amid rapid renewable energy growth.

Thu, 16 Nov 2017 21:02:26 GMT

Falling unemployment to lead to Fed rate hikes

The Dallas Federal Reserve President Robert Kaplan reported on Thursday that falling unemployment might lead to further rate hikes.

Thu, 16 Nov 2017 20:22:49 GMT

NAHB Housing Market Index jumps to 70

The National Association of Home Builders reported that its Housing Market Index rose to 70 in November, following October's 68 and surpassing analysts' expectations for a decline to 67.

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