Auto Sector Faces Biggest Crisis In 13 Years

Auto Sector Faces Biggest Crisis In 13 Years

The automotive sector is facing its biggest challenge since the 2007-2009 financial crisis with 97% of light vehicle (LV) manufacturing plants in Europe and North America temporarily shut down.Already, key players in the sector are negotiating financial life line and...
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IOSCO Staff Tests Positive For Covid-19

IOSCO Staff Tests Positive For Covid-19

The IOSCO General Secretariat on Friday confirms that a member of its staff at its headquarters in Madrid has tested positive for Covid-19.IOSCO explained that the  individual is receiving medical treatment and “we wish our colleague a quick and full...
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New Kia Sorento Displays Strength, More Innovations

New Kia Sorento Displays Strength, More Innovations

The new Kia Sorento was revealed for the first time on Wednesday. Powerful, progressive and versatile, the fourth generation of Kia Motors Corporation’s flagship SUV is designed and engineered to take on everything life throws at it. Raising standards i...
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Ecobank Transnational Incorporated Rejigs Board

Ecobank Transnational Incorporated Rejigs Board

Ecobank Transnational Incorporated, ETI, the Lomé-based parent company of the Ecobank Group, has announced two new appointments and changes on its Board of Directors.A statement issued by Group Head, Corporate Communications Ecobank Transnational Incorporated...
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Banks Brace For Coronavirus

Banks Brace For Coronavirus

Many of the City of London’s biggest institutions are taking steps to combat the spread of the coronavirus. On Monday many of JPMorgan’s UK-based staff are being temporarily moved to a different office. They’re not alone. Goldman Sachs last w...
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Toyota Explains $1.2b New Plant

Toyota Explains $1.2b New Plant

Despite onging ravaging effect of Coronavirus, Japanese automaker Toyota plans to build a new electric vehicle plant in the Chinese city of Tianjin with its local partner FAW Group.The joint venture between Toyota and FAW plans to invest around 8.5...
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Coronavirus: Emirates Airline Asks Staff To Proceed On One Month Unpaid Leave

Coronavirus: Emirates Airline Asks Staff To Proceed On One Month Unpaid Leave

Major international airline, Emirates, is asking staff to take unpaid leave for up to a month at a time due to the rapidly spreading coronavirus that has led to flight cancellations around the world.Emirates has cancelled flights to Iran, Bahrain...
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Hyundai Appoints Jeong As Vice President Of Middle East and Africa

Hyundai Appoints Jeong As Vice President Of Middle East and Africa

Hyundai Motor Company has announced the appointment of Bang Sun Jeong as their new Vice President of the Middle East and Africa region.Based at Dubai’s regional headquarters in the United Arab Emirates, Jeong will oversee the day-to-day operations and will.....
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Gambling Affiliates Lose 70% In Stock Market Value

Gambling Affiliates Lose 70% In Stock Market Value

Data gathered and calculated by GoldenCasinoNews.com indicates that the top five gambling affiliate companies have lost 70% in stock market value over the last two years.The affected affiliates include Gaming Innovation Group, whose value has declined by -87.7...
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Mercedes Steering Wheel To Be Outlawed

Mercedes Steering Wheel To Be Outlawed

Formula One’s governing body has moved to ban for 2021 an ingenious new Mercedes steering wheel that has been the talk of pre-season testing and could boost Lewis Hamilton’s chances of a record-equalling seventh title.Race director Michael Masi poi...
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APM Terminals Seeks Construction Permit

APM Terminals Seeks Construction Permit

APM Terminals Poti, part of Dutch terminal operator APM Terminals, has re-initiated the process of obtaining the necessary permits to build a new deep-water multipurpose port in Poti.On February 11, 2020, APM Terminals submitted an application to the Technical...
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Kia Unveils New Premium MPV, SUV Concept

Kia Unveils New Premium MPV, SUV Concept

Kia Motors India, wholly owned subsidiary of Kia Motors Corporation, on Monday introduced two new products for the Indian market at the Auto Expo 2020.Alongside the aspirational and sophisticated Kia Carnival premium MPV, now tailored for the Indian market, Ki...
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Dubai Airport Records 3.1 Per Cent Decline In Passenger Traffic

Dubai Airport Records 3.1 Per Cent Decline In Passenger Traffic

Dubai International Airport on Wednesday said it recorded a 3.1 per cent decline in its 2019 passenger traffic.The airport blamed the decline on a temporary closure of one of its runways and the grounding of the Boeing 737 Max aircraft.The...
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Kia To Showcase 14 Cars At 2020 Auto Expo

Kia To Showcase 14 Cars At 2020 Auto Expo

Kia Motors has concluded plans to unveil its next-generation mobility products at the upcoming 2020 Auto Expo in India.Products  from the company will include 14 models including multiple electric vehicles and mobility technologies.The South Korean carmak...
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