Paris: Renault SA and Nissan Motor Co. have held talks that would see Renault reduce its stake in the Japanese carmaker and help the French company restart merger discussions with Fiat Chrysler Automobiles NV, the Wall Street Journal reported. The sides are weighing plans under which Renault would cut its 43.4 per cent holding in […]
San Francisco: Facebook Inc plans to attach its name to Instagram and WhatsApp, branding them “Instagram from Facebook” and “WhatsApp from Facebook.” The move is controversial because both of the apps were born outside of Facebook, have very different corporate cultures and have thrived, in part, by having their own identities with consumers. Founders of […]
San Francisco: The Federal Trade Commission is scrutinising a deal Amazon.com Inc made with Apple Inc to sell iPhones directly on its e-commerce site, signalling the agency has increased oversight of the tech giant. John Bumstead, who sells refurbished Apple products, said in a Facebook post last month that about seven lawyers and an economist […]
ABU DHABI: The Airport Belgrade Catering, ABC, company, which was fully acquired by Emirati-owned Cirta Group, a group of companies supported by government entity Khalifa Fund for Enterprise Development, KFED, has secured the biggest deal with the country’s flag carrier Air Serbia. Under the terms of the agreement, ABC will provide the Serbian airline company, […]
Advisory has left the fleeing tourists and pilgrims disappointed.
Low-income patients receive medications for psoriatic arthritis and MS under new Ministry of Health agreement.
TOKYO: Japanese automaker Honda reported Friday a 29 per cent decline in fiscal first quarter profit as an unfavourable currency exchange and declining auto sales in the US and India hurt earnings. Tokyo-based Honda Motor Co.’s April-June profit totalled 172.3 billion yen ($1.6 billion), down from 244.3 billion yen. Quarterly sales dipped 0.7 per cent […]
The rules would also extend to hiring people for jobs and advertising vacancies for employment.
BEIJING, WASHINGTON: China on Friday said it would not be blackmailed and warned of retaliation after US President Donald Trump vowed to slap a 10 per cent tariff on $300 billion of Chinese imports from next month, sharply escalating a trade row between the world’s biggest economies. Trump stunned financial markets on Thursday by saying […]
The US will also limit the export of goods and technology to Russia.