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Business News

French President Macron calls Saudi crown prince on Aramco attacks: press

September 18, 2019 admin Comments Off on French President Macron calls Saudi crown prince on Aramco attacks: press

The Saudi Arabian Crown Prince Mohammed bin Salman received a phone call from the French President Emmanuel Macron on Tuesday to discuss the attack on oil facilities owned by Saudi Aramco, according to the state news agency SPA.

…read more […]

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Business News

U.S. Senators urge FTC to scrutinize multi-billion dollar pharma mergers

September 18, 2019 admin Comments Off on U.S. Senators urge FTC to scrutinize multi-billion dollar pharma mergers

U.S. presidential hopeful Amy Klobuchar on Tuesday led a letter by U.S. senators that urged the Federal Trade Commission (FTC) to closely scrutinize pharma mergers, raising concerns about the potential harm to customers.

…read more […]

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Business News

Costly Saudi defenses prove no match for drones, cruise missiles

September 18, 2019 admin Comments Off on Costly Saudi defenses prove no match for drones, cruise missiles

Billions of dollars spent by Saudi Arabia on cutting edge Western military hardware mainly designed to deter high altitude attacks has proved no match for low-cost drones and cruise missiles used in a strike that crippled its giant oil industry.

…read more […]

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Oil recedes on Saudi supply reassurance, investor focus shifts to Fed

September 18, 2019 admin Comments Off on Oil recedes on Saudi supply reassurance, investor focus shifts to Fed

Oil prices cooled on Wednesday as Saudi Arabia said the kingdom had fully restored its oil supply following attacks on its crude facilities although caution ahead of an expected U.S. interest rate cut kept wider financial markets in tight ranges.

…read more […]

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U.S. seeks U.N. action on Saudi attacks despite likely Russian opposition

September 18, 2019 admin Comments Off on U.S. seeks U.N. action on Saudi attacks despite likely Russian opposition

A senior U.S. official on Tuesday called for a U.N. Security Council response to the attacks on Saudi oil facilities that the United States blames on Iran, but it was unclear what action he sought or whether Washington might secure Russian cooperation.

…read more […]

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Explainer: Why Asia’s biggest economies are backing hydrogen fuel cell cars

September 18, 2019 admin Comments Off on Explainer: Why Asia’s biggest economies are backing hydrogen fuel cell cars

China, Japan and South Korea have set ambitious targets to put millions of hydrogen-powered vehicles on their roads by the end of the next decade at a cost of billions of dollars.

…read more […]

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Toyota banks on Olympic halo for the humble bus to keep hydrogen dream alive

September 18, 2019 admin Comments Off on Toyota banks on Olympic halo for the humble bus to keep hydrogen dream alive

Buses may not be the most glamorous mode of transport but at the 2020 Tokyo Olympic games, they will represent Toyota Motor Corp’s best bet for wider acceptance of hydrogen power – technology so far eclipsed by electric vehicles.

…read more […]

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Business News

Adobe’s fourth-quarter forecast, marketing software unit disappoint

September 18, 2019 admin Comments Off on Adobe’s fourth-quarter forecast, marketing software unit disappoint

Adobe Inc on Tuesday gave a tepid current-quarter revenue forecast and said that bookings in its newly acquired marketing software unit were growing slower than expected, sending shares nearly 3% in after-market trading.

…read more […]

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Saudi Defense Ministry press conference to show Iranian involvement in Aramco attacks: state TV

September 18, 2019 admin Comments Off on Saudi Defense Ministry press conference to show Iranian involvement in Aramco attacks: state TV

A Saudi Defense Ministry spokesman will hold a press conference on Wednesday to provide information about last week’s attack on Aramco, state TV said early on Wednesday.

…read more […]

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House panel asks Boeing CEO to testify October 30 on 737 MAX

September 18, 2019 admin Comments Off on House panel asks Boeing CEO to testify October 30 on 737 MAX

The U.S. House Transportation and Infrastructure Committee on Tuesday formally asked Boeing chief executive Dennis Muilenburg to testify on the now grounded 737 MAX that has been involved in two deadly crashes since October 2018 that killed 346 people.

…read more […]

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GM stops paying for health insurance for striking union workers; talks continue

September 18, 2019 admin Comments Off on GM stops paying for health insurance for striking union workers; talks continue

General Motors Co shifted health insurance costs for its striking workers to the United Auto Workers union as its members walked the picket line for the second day on Tuesday.

…read more […]

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Toyota invests $391 million in its Texas truck assembly plant

September 18, 2019 admin Comments Off on Toyota invests $391 million in its Texas truck assembly plant

Toyota Motor Corp said on Tuesday it was investing $391 million in its pickup truck assembly plant in San Antonio, Texas, as part of the Japanese automaker’s plan to invest $13 billion in its U.S. operations over five years through 2021.

…read more […]

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Business News

Saudi Arabia to invite U.N. experts to investigate oil attack: statement

September 17, 2019 admin Comments Off on Saudi Arabia to invite U.N. experts to investigate oil attack: statement

Saudi Arabia will invite international experts including from the United Nations to participate in investigating an attack on its oil facilities and called on the world to condemn those behind it, its foreign ministry said on Monday.

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Atlantia CEO resigns in Benetton-led shake up

September 17, 2019 admin Comments Off on Atlantia CEO resigns in Benetton-led shake up

The Benettons ushered in a change of guard at Italian infrastructure group Atlantia , replacing its powerful CEO with a management committee, as they move to deal with fallout from a deadly bridge collapse.

…read more […]

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Saudi Arabia to restore oil output fully by end of September: energy minister

September 17, 2019 admin Comments Off on Saudi Arabia to restore oil output fully by end of September: energy minister

Saudi Arabia will restore its lost oil production by the end of September and has managed to recover supplies to customers to the levels they were at prior to weekend attacks on its facilities by drawing from its huge oil inventories.

…read more […]

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