News

Note: This section contains information in English only.
Mon, 25 May 2020 16:44:48 GMT

Nissan to reopen Mexican unit

Nissan Motor's Mexican unit stated that it was preparing to gradually restart activities related to autoparts and vehicle manufacturing.

Mon, 25 May 2020 16:18:31 GMT

Volkswagen loses Dieselgate case

Germany's highest civil court ruled that Volkswagen must pay compensation to German motorists who purchased cars with manipulated diesel engines.

Mon, 25 May 2020 15:04:18 GMT

Asahi to buy Carlton & United Breweries

Asahi stated that it signed a contract with Sumitomo Mitsui Banking Corp for the $11B loan to buy Carlton & United Breweries, AB InBev's Australian subsidiary.

Mon, 25 May 2020 14:11:55 GMT

Lufthansa, Germany agree on $9.8B rescue deal

Lufthansa and Germany's government agreed on a preliminary rescue deal worth $9.8B, as the flagship carrier had been hit hard by the crisis caused due to the coronavirus outbreak.

Mon, 25 May 2020 11:52:08 GMT

Aston Martin CEO to step down

Andy Palmer, Aston Martin's CEO is set to leave the carmaker amid management shake-up, with the Mercedes-AMG's head Tobias Moers to become his successor, according to Reuters.

Mon, 25 May 2020 11:39:21 GMT

Nissan's plans on Spanish plant closure unclear

On Monday, Spain's top industry minister official stated that there was no confirmation from Nissan Motor regarding its plans to shut down the plant in Barcelona.

Mon, 25 May 2020 10:02:34 GMT

LVMH's Arnault to acquire Lagardere's group

LVHM's Bernard Arnault has agreed its Groupe Arnault would acquire a stake in his fellow billionaire Arnaud Lagardere's holding company, Lagardere Capital & Management, in a deal that would boost LCM's financial capacities and corporate structure.

Mon, 25 May 2020 09:13:37 GMT

UK to cut Huawei's involvement in 5G

The British Prime Minister Boris Johnson seeks to reduce the involvement of Huawei Technologies in the country's 5G network amid the coronavirus crisis, according to the Daily Telegraph newspaper.

Mon, 25 May 2020 07:41:39 GMT

Lufthansa to reopen 20 destinations for flights

Germany's Lufthansa is planning to resume its flights to at least 20 destinations starting from mid-June, including holiday hot-spots, the airline's spokeswoman said.

Mon, 25 May 2020 06:53:08 GMT

Hertz files for Chapter 11 protection

Hertz Global Holdings, the car rental company, has filed for the US bankruptcy protection, as its business was hit during the coronavirus outbreak, while negotiations with creditors failed to provide the relief.

Mon, 25 May 2020 06:35:25 GMT

Kuehne+Nagel sees 20K job cuts

The freight-forwarder Kuehne+Nagel is likely to cut over 20K jobs, with warehouse employees most affected, due to the global economic crisis caused by the coronavirus that hit shipping, firm's owner Klaus-Michael Kuehne stated.

Mon, 25 May 2020 04:58:00 GMT

Aston Martin's CEO to resign

According to the Financial Times report, published on Sunday, Andy Palmer, the President and Group CEO of Aston Martin, is departing the company.

Mon, 25 May 2020 03:58:39 GMT

China abandons GDP target

According to the Chinese state media report, the President of China Xi Jinping said that China could have set the annual GDP growth goal to be around 6% if there was no COVID-19 crisis.

Mon, 25 May 2020 02:50:47 GMT

US Ambassador Grenell to resign

According to the German DPA news agency report, published on Sunday, Richard Grenell, the US Ambassador to Germany, is planning to resign in the coming weeks.

Mon, 25 May 2020 01:46:25 GMT

AF must cut domestic flights to get state loan

Elisabeth Borne, the French Environment Minister, stated on Sunday that Air France would have to cut domestic flights in exchange for a state loan.

Sun, 24 May 2020 20:17:00 GMT

India to renew domestic flights

The Indian Federal Civil Aviation Ministry decided on Sunday to renew domestic flights despite the ongoing rise of the number of people infected with coronavirus.

Sun, 24 May 2020 19:25:25 GMT

Iranian tanker approaches Venezuela

According to Refinitiv Eikon data, the leading Iranian tanker carrying fuel is approaching the Venezuelan coast being escorted by the military.

Sun, 24 May 2020 18:11:16 GMT

Aston Martin's CEO to resign

According to the Financial Times, Aston Martin's Chief Executive Officer Andy Palmer is quitting the company as part of review of management team.

Sun, 24 May 2020 16:54:03 GMT

Three Indian states seek delay in resuming flights

India's southern state of Tamil Nadu, Maharashtra in the west and West Bengal in the east said on Sunday that they are not ready to reopen for flights.

Sun, 24 May 2020 15:44:20 GMT

UK's government to reopen primary schools in June

Grant Shapps, Britain's Secretary of State for Transport, announced on Sunday that the UK government would reopen primary schools from June 1.

Sun, 24 May 2020 14:57:48 GMT

Lufthansa to restart flights to 20 destinations

The German airline Lufthansa would recommence flights to 20 destinations from the middle of June. The company's spokeswoman stated on Sunday.

Sun, 24 May 2020 13:57:50 GMT

Yi tells US to work with China to combat COVID-19

Wang Yi, China's government top diplomat, said on Sunday that the United States should work with China to fight the coronavirus pandemic.

Sun, 24 May 2020 12:59:01 GMT

Tory lawmakers call on Cummings to resign

On Sunday, several lawmakers from Boris Johnson's Conservative Party called for Dominic Cummings, the special advisor for Britain's Prime Minister, to resign.

Sun, 24 May 2020 12:00:07 GMT

Cummings won't resign

Grant Shapps, the UK Transport Minister, said on Sunday that Dominic Cummings, the special advisor to Britain's Prime Minister Boris Johnson, would not resign.

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