In a statement China’s top securities regulator said, Beijing plans on further opening its capital markets to foreign investors with an aim to pursue pragmatic cross-border cooperation to regulate overseas-listed Chinese companies. In recent months, global investors have been spooked… Read More ›
cooperation
BMW-Toyota alliance should go beyond 2025: BMW CEO
In a statement, BMW’s Chief Executive Oliver Zipse stated, he aims to further strengthen the carmaker’s alliance with Toyota and wants it to go beyond 2025. The current alliance revolves around fuel cells and convertibles vehicles. “In the next decades,… Read More ›
Israel, UAE and US to pursue joint collaboration on developing renewable energy strategy
In a significant development, the energy ministers of the United States, Israel and the United Arab Emirates said, they will develop a joint strategy for greater coordination in the energy sector; the trio will also jointly collaborate to mitigate energy… Read More ›
Israel-UAE trade could reach $4 billion in 1 year: Israel’s Intelligence Minister Eli Cohen
On Monday, in a statement Israel’s Intelligence Minister Eli Cohen stated, the annual trade between Israel and the United Arab Emirates is likely to touch $4 billion. The development comes in the wake of an announcement by both countries that… Read More ›
G20 to hold emergency video conference revolving around strengthening supply chains: Nikkei
On Monday, Japan’s Nikkei business daily said, the Group of 20 trade ministers will be holding an emergency video conference today wherein they will discuss cooperation related to supply chains. The group of ministers are likely to confirm cooperation to… Read More ›
UK eases competition law to allow supermarkets to cooperate and coordinate during Wuhan coronavirus outbreak
Britain will relax competition laws in order to allow co-operation between supermarkets so that shoppers can get access to the food they need during the Wuhan coronavirus outbreak. “We’ve listened to the powerful arguments of our leading supermarkets and will… Read More ›
BMW does not currently aim to take a stake in Daimler: CEO
Although both carmakers are holding exploratory talks on ways to deepen their alliance in the area of autonomous vehicles, taking a stake in rival Daimler is not currently part of its playbook. On Tuesday, BMW’s Chief Executive Harald Krueger made… Read More ›
German brake maker Knorr Bremse’s CEO resigns with immediate effect
No reason has been provided by Knorr Bremse for Klaus Deller’s removal as its CEO. Analysts believe Deller’s resignation may not have anything to do with the company’s financial performance or strategy. In a significant development, Knorr Bremse, a brake… Read More ›
U.S. Federal Reserve permanently bars former MD of JPMorgan Chase & Co’s Hong Kong unit
With Timothy Fletcher’s cooperation, the U.S. Justice Department, the Federal Reserve and the SEC will follow through with any pending or potential enforcement action against other individuals who are or were affiliated with the Hong Kong unit of JPMorgan Chase… Read More ›
Naval Group flexes its muscles in Brazil
French shipbuilder Naval Group has presented its first Scorpene-class submarine to the Brazilian navy, with another 4 expected to be delivered in coming years. The French engineering firm sees itself as a sovereignty provider for Brazil and is keen to… Read More ›