UK’s May car sales were down 90% from last year

London: Automakers in the UK sold just over 20,000 cars in May with dealerships shuttered for a second month. New-car registrations plunged almost 90 per cent from a year earlier, according to figures from the Society of Motor Manufacturers and Traders.  Britain’s car industry is sputtering back to life from a virtual standstill brought about by the […]

South Korea’s self-driving upstarts take on tech giants

Jeju, South Korea: In a workshop that blends a corporate office with a tool-packed garage, around 20 South Koreans are looking to take on the multi-billion-dollar giants of Uber, Tesla and Google parent Alphabet with a self-driving car of their own. The RideFlux start-up brings together engineers who have given up well-paid jobs with some […]

Abu Dhabi’s economic priorities will not be influenced by COVID-19 hit

Dubai: Getting hit by the COVID-19 outbreak does not mean Abu Dhabi will have to alter its economic and growth priorities, according to a top official at the emirate’s Department of Finance. What it has done is raise Abu Dhabi’s “commitment to future-proofing our revenue streams by prioritizing diversification while increasing returns on public investments […]