On Tuesday, Nissan Motor Co’s Chief Executive Makoto Uchida stated, he expects the carmaker’s earnings and cashflow to remain under pressure through the end of the financial year in March. Uchida made these comments while addressing shareholders for the first… Read More ›
Weakening demand in China along with lost production due to China’s coronavirus has prompted Apple Inc to revise its sales target which it set just three weeks ago. So far the coronavirus pandemic has killed 1,770 people in China with… Read More ›
On Monday, Australia’s QBE Insurance Group stated, climate change is likely to make a group of insurance premiums unaffordable for customers who are exposed to extreme weather events. As a result, there is “material risk” for its operations across the… Read More ›
On Monday, China’s Great Wall Motor stated it had signed a binding agreement to purchase General Motors’ car plant in Thailand. General Motors is retreating from markets outside of the United States and China and is winding down designs, sales… Read More ›
In a statement, Toyota Motor Corp disclosed, it plans on resuming output at three of its four main auto plants in China this week. Toyota had earlier wanted to resume the production at its plants on February 3 after the… Read More ›
The annual telecoms industry gathering event, the Mobile World Congress (MWC), was cancelled on Wednesday following a mass exodus by exhibitors over fears over China’s coronavirus pandemic. The annual event which draws more than 100,000 visitors to Barcelona was cancelled… Read More ›
In a filing, Raytheon has disclosed, it has received a subpoena from the U.S. Securities and Exchange Commission (SEC) related to an investigation into the possibility of improper payments made for contracts in certain Middle East countries since 2014. The… Read More ›
According to four sources familiar with the matter at hand, JPMorgan has selected picked as an adviser for the sale of a stake in a $7.3 billion motorway in Turkey. The project has been billed as a landmark project in… Read More ›
On Wednesday, according to an internal memo from DBS, Singapore’s biggest bank, 300 staff from its head office have been evacuated as a precautionary measure following a confirmed coronavirus case at the bank. “I regret to inform you that there… Read More ›
With oil traders seeking to match profits they make from trading oil from climate friendly projects, they are pouring hundreds of millions of dollars into such projects which include wind farms, blue hydrogen and cow manure plants. As a result… Read More ›
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