Southfield, Michigan Ford Motor Co. and Volkswagen AG are progressing toward a potential agreement to join forces on self-driving cars and have overcome earlier obstacles, according to people familiar with the talks. Breakthroughs in the deliberations include a possible framework for Volkswagen to work with and invest in Argo AI, the Ford-backed autonomous-vehicle start-up, said […]
Warsaw. After decades of supplying itself and its European neighbours with natural gas, an era has officially come to an end for the Netherlands. The country became a net importer for the first calendar year since it started production from the giant Groningen field in 1963. It joins European nations becoming increasingly reliant on sourcing […]
Munich. European car sales declined for a fifth straight month in January in a worrying show for the continent’s economies battling a technical recession in Italy, uncertainty over a snap election in Spain, and the UK coming no closer to a deal on Brexit. Passenger car registrations dropped 4.6 per cent compared with last year […]
London. Vivendi SA said it will select financial advisers in the coming weeks to help with a partial sale of Universal Music Group, where surging streaming income propelled the parent company’s profits higher last year. Vivendi shares jumped to their highest in over a year after results late on Thursday showed Universal Music’s streaming income […]
BEIJING. China’s banks made the most new loans on record in January — totalling 3.23 trillion yuan ($477 billion) — as policymakers try to jump-start sluggish investment and prevent a sharper slowdown in the world’s second-largest economy. Chinese banks tend to front-load loans early in the year to get higher-quality customers and win market share. […]
DUBAI: A UAE consortium led by Dubai-based SecLink group has clinched the deal to give a multibillion dollar facelift to one of the world’s largest slum settlements. In an exclusive interview to Gulf News, SecLink group’s chairman and managing director Nilang Shah said they have secured the bid to transform Mumbai’s Dharavi, which sprawls 2.4 […]
… which came with prizes like 800 square feet of downtown tenant space rent free for a year, services donated by local professionals …
During the meeting, the Kerala CM extended an official invitation to Sheikh Mohammed to visit Kerala.
Web portal can be used for application of ID cards and online certificate attestations
Dubai: Commercial Bank International (CBI) on Thursday reported a net profit of Dh226 million, up 29 per cent in 2018 compared to Dh175 million in 2017. The surge in profits came from a 7 per cent increase in net operating income from Dh865 million to Dh928 million and a 9 per cent decrease in expenses […]