Business & Finance News
Ethiopian Airlines is accelerating its strategy of weaving a patchwork of new African routes to soak up traffic on the continent and fly customers towards its more lucrative flights to rapidly expanding Asian markets.
A German court has ruled Volkswagen must reimburse the owner of a Golf the full original price of his vehicle bought in 2012, dealing a blow to the carmaker as the legal battles over its emissions cheating scandal drag on.
Renault’s interim deputy chief executive said he would safeguard the carmaker’s interests in its alliance with Nissan Motor Co , following the ouster of Carlos Ghosn as Nissan chairman over financial misconduct allegations.
Dolce & Gabbana’s co-founders asked for China’s “forgiveness” on Friday, trying to salvage a crucial market for the luxury brand after a backlash against its latest advertising campaign.
Russia’s standards agency said on Friday it had been informed about the recall of 62,357 Mazda cars sold between May 2006 and November 2014.
China supports necessary reforms to strengthen the authority and effectiveness of the World Trade Organization (WTO) but they should uphold the grouping’s core values and protect developing countries’ interests, a vice commerce minister said on Friday.
Carlos Ghosn, one of the most celebrated leaders in the global auto industry, was ousted as the chairman of Nissan Motor Co on Thursday over allegations of financial misconduct including under-stating his income by around 5 billion yen ($44 million) over five years.
A German court has ruled Volkswagen must reimburse the owner of a Golf the full original price of his vehicle bought in 2012 due to the carmaker’s diesel emissions scandal, Bild newspaper reported on Friday.
Oil prices plunged to their lowest since late 2017 on Friday in choppy trading, weighed down by an emerging crude supply overhang and a darkening economic outlook.
Asked for comment on a Wall Street Journal report regarding China’s Huawei Technologies [HWT.UL], a foreign ministry spokesman on Friday said China hoped the relevant countries could provide a fair environment for its companies.
Steep losses in Chinese share markets dented Asian equities on Friday as lingering trade war tensions and weak corporate earnings in Europe added to worries about global growth.
Nissan Motor Co aims to nominate a new chairman within a month or two, hopefully before its next board meeting slated for around December 20, a source familiar with the matter said, after the automaker ousted Carlos Ghosn as chairman on Thursday.
Oil prices slumped to 2018 lows on Friday in choppy trading, pulled down an emerging crude supply overhang amid a bleak economic outlook.
The U.S. government is trying to persuade wireless and internet providers in allied countries to avoid telecommunications equipment from China’s Huawei Technologies [HWT.UL], the Wall Street Journal reported on Thursday.
Japanese prosecutors are likely to build a new criminal case against ousted Nissan Motor Chairman Carlos Ghosn for understating his remuneration by 3 billion yen ($27.0 million) over three years from fiscal 2015, the Asahi newspaper reported on Friday.
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