Mumbai, New Delhi – India has tightened rules for foreign investment in e-commerce companies to check predatory pricing and deep discounts that threatened the domestic retail industry. E-commerce companies like Amazon.com Inc and Walmart Inc.’s Flipkart, which act as a facilitator between the buyer and seller by providing an online marketplace, must treat all vendors […]
Tokyo: Japanese authorities Tuesday released on bail a Nissan executive accused of a key role in the financial misconduct case involving auto tycoon Carlos Ghosn, who remains in detention. Greg Kelly, wearing a casual zip-up jacket and looking tired, walked out of the Tokyo Detention Centre more than a month after his arrest and got […]
Dubai: The Land Rover range had the highest sales satisfaction ratings among luxury automotive brands in the UAE, followed by BMW and Infiniti, based on the authoritative J.D. Power rankings. Among mass-market car brands, Kia came in tops on the satisfaction front, edging ahead of Ford and Nissan. The Index is based on customer feedback […]
A cabinet resolution introducing fees for services offered by the Executive Office Committee for Goods and Materials Subject to Import and Export Control was announced on Wednesday in Abu Dhabi. As per the resolution, No 51 of 2018, the executive office committee will levy a fee of Dh150 on each request to obtain a permit […]
Paris: Shares in Europe’s Airbus fell on Thursday after Le Monde newspaper reported the United States had opened an investigation into allegations of corruption, raising the stakes of probes already underway in Britain and France. The French newspaper said Airbus could face record fines of several billion euros as a result of the overall case, […]
Boeing 777-300ER adorned with the Year of Zayed livery, carries 428 passengers to King Abdulaziz International Airport in Jeddah
London: Senior managers in financial services could lose their jobs if they fail to tackle bullying, homophobia and other unacceptable conduct in the workplace, Britain’ Financial Conduct Authority said on Wednesday. Under FCA rules, people must be deemed “fit and proper” to work in the finance industry in Britain, but this requirement also encompasses a […]
Tokyo: Update: Nissan board members meeting Monday failed to agree a replacement for former chairman Carlos Ghosn, under arrest on allegations of financial misconduct, the firm said Monday. “The committee will continue its discussions,” the Japanese automaker said in a statement after the meeting of its board in Tokyo. Earlier report The board of automaker Nissan […]
Paris, Tokyo: Nissan Motor Co. has updated its corporate governance code, a month after the arrest and indictment of former Chairman Carlos Ghosn brought differences with partner Renault SA out in the open after a two-decade partnership. As part of the new code, the Japanese automaker revised the cross-shareholding policy. Renault is the largest shareholder […]
Saudi Arabia intends to issue around 120 billion riyals ($32 billion or Dh117.5 billion) of bonds next year to help finance its deficit, with plans to tap international markets in the first half, Finance Minister Mohammed Al Jadaan said. The kingdom is considering international bonds in dollars and other currencies, Al Jadaan told Bloomberg TV […]