Spain’s Industry minister Reyes Maroto said on Wednesday that the government was making progress in convincing Nissan to reconsider closing its Barcelona plant while looking for another investor. MADRID: Spain’s Industry minister Reyes Maroto said on Wednesday that the government was making progress in convincing Nissan to reconsider closing its […]
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Renewable power has taken up a record share of global electricity production since the onset of the coronavirus pandemic, according to a Reuters review of data, suggesting a transition away from polluting fossil fuels could be accelerated in the coming years. LONDON: Renewable power has taken up a record share […]
TAIPEI: Taiwan’s parliament passed a proposal Wednesday (Jul 22) to rebrand the island’s largest airline to avoid confusion with carriers on the Chinese mainland. China Airlines (CAL) is frequently mistaken for Air China – the mainland’s national carrier – and there have long been calls to rename it or make […]
SINGAPORE: Residents of Singapore are being encouraged to take a local holiday – dubbed a “Singapoliday” – and rediscover their home country while supporting local business through a S$45 million marketing campaign over the next nine months by the Singapore Tourism Board (STB) and other agencies. “The campaign will offer […]
Investors have pushed shares of Microsoft Corp up almost 30 percent since the start of the year, betting that the pandemic-induced shift to more remote computing will boost its business. REUTERS: Investors have pushed shares of Microsoft Corp up almost 30 percent since the start of the year, betting that […]
BANGKOK: Thailand’s rice exporters association has slashed its forecast for 2020 exports to 6.5 million tonnes, the lowest volume in two decades, owing to drought and a strong baht currency, its executives said on Wednesday (Jul 22). The industry group’s latest forecast for Thailand, the world’s second-largest rice exporter last […]
Tesla Inc’s rapid rise to become the world’s most valuable carmaker could mark the start of a new era for the global auto industry, defined by a Silicon Valley approach to software that is overtaking old-school manufacturing know-how. FRANKFURT/BEIJING/DETROIT: Tesla Inc’s rapid rise to become the world’s most valuable carmaker […]
BRUSSELS: European Union leaders clinched a deal on Tuesday (Jul 21) for a huge stimulus package which the European Commission has said will make fighting climate change central to Europe’s economic recovery from the COVID-19 pandemic. Climate advocates said the final deal – a €1.074 trillion EU budget for 2021-27, […]
SEOUL: South Korea on Wednesday (Jul 22) scaled back plans to impose capital gains taxes on stock investments in response to complaints by retail investors, but said it will hike taxes for top earners as part of changes in its annual tax code revision. It comes after retail investors took […]
SINGAPORE: A risk management framework for business events of up to 50 attendees has been developed by the Singapore Tourism Board (STB), and it will be trialed with two pilot events before gradually scaling up to other events. Business-to-business (B2B) events such as meetings, conventions, exhibitions and trade shows have […]