In a significant development, Saudi Arabia’s foreign minister said, it would restore full diplomatic ties with Qatar. Saudi Arabia and its three Arab allies have agreed to restore full diplomatic ties with Doha at a summit in the kingdom, said… Read More ›
Day: January 6, 2021
French tire maker Michelin to restructure business without laying off workers
On Wednesday, in a statement French tire maker Michelin stated it plans on reducing its workforce by up to 2,300 jobs over the a period of three years as part of a restructuring process that is aimed at simplifying and… Read More ›
GM, China’s second biggest foreign automaker, records third straight downturn in sales
While China attracts global automakers saying its auto market is the world’s biggest, U.S. carmaker General Motors Co reported a 6.2% drop in vehicle sales in China during 2020. The carmaker suffered a prolonged sales slowdown in China throughout 2020…. Read More ›