LATEST ARTICLES

Slowed by the coronavirus, China Inc. struggles to reopen

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Airbus is slowly restarting its assembly line in China. General Motors began limited production Saturday. Toyota followed Monday morning. Fitfully and painfully — and with...

Apple warns sales to fall short of target due to coronavirus...

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Apple Inc warned on Monday it was unlikely to meet a sales target set just three weeks ago amid lost production and weakening demand...

HSBC to shed assets worth $100 bln and slash 35,000 jobs...

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HONG KONG/LONDON: HSBC Holdings PLC said on Tuesday it would shed $100 billion in assets, shrink its investment bank and revamp its U.S. and...

China to waive tariffs on US medical imports amid virus outbreak

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Beijing: China will waive trade-war tariffs on imports of selected US medical equipment from March 2, the government said Tuesday, as the country battles...

European new car sales down 7.4% in January – ACEA

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BERLIN: European car sales fell in January, hit by a sluggish global economy, higher car taxes in some EU countries and uncertainty over Britain's...

Shades of Detroit? Germany’s auto heartlands in peril as ‘golden age’...

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BAMBERG: When Kristin and Thomas Schmitt took out a mortgage and bought a house last summer, the German couple's dream looked as if it...

Coronavirus slows China’s Belt and Road push

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When President Xi Jinping made his first state visit this year to Myanmar and signed new infrastructure contracts, there was no indication of the...

China to grant tariff exemptions on 696 US goods to support...

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BEIJING: China will grant exemptions on retaliatory duties imposed against 696 U.S. goods, the most substantial tariff relief to be offered so far, as...

HSBC cuts bonuses and senior managers in strategy overhaul

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LONDON/HONG KONG: HSBC's management ranks face uncertainty over jobs and pay in the lender's most radical overhaul in years, as it seeks to slash...

Moody’s lowers Apac growth forecast for 2020 to 5.2% due to...

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Moody's on Tuesday lowered growth forecast for the Asia-Pacific (Apac) region to 5.2 per cent for 2020 citing the lingering impact of the coronavirus...