International Archives — Page 12 of 59

December 2, 2019 No Responses

South Africa Sanctions Ford

South Africa’s consumer watchdog has slapped a 35 million rand (USD 2.3 million) fine on Ford after dozens of its Kuga SUVs caught fire without warning.Following 160 complaints from consumers, the National Consumer Commission (NCC) said investigations showed that “a...

November 28, 2019 No Responses

Audi To Sack 9,500 Workers

Volkswagen AG’s premium Audi brand plans to cut 9,500 jobs in Germany as part of a sweeping overhaul to improve earnings by around 6 billion euros ($6.61 billion) over the next decade. The positions will be culled through voluntary measures...

November 27, 2019 No Responses

Ford Recalls 2019 Ranger

Ford Motor Company has recalled select 2019 Ford Ranger vehicles over taillight function.According to Ford, the recall programme affects 72,718 vehicles in the US and 5,546 units in Canada.Ford explained that the affected 2019 Ford Ranger models were bui...

November 27, 2019 No Responses

BMW Sets Aside €7.3b For Battery Cell

BMW Group has announced that it will significantly increase its battery cell orders from Chinese company Contemporary Amperex Technology Co. Ltd (CATL), in order to boost its vehicle electrification program.BMW Group has also informed in a release that the ord...

November 27, 2019 No Responses

Senate To Ministry: Upgrade Ibadan Airport To International

The Nigerian Senate on Tuesday urged the Federal Ministry of Aviation and relevant authorities to upgrade the Ibadan domestic Airport to the status of an International Airport. The call was made sequel to the consideration of a motion sponsored by...

November 4, 2019 No Responses

Continental Tyre Boss Emerges 2019 Africa MD

Managing Director of Continental Tyre South Africa and Sub-Saharan Africa, Shaun Uys has been selected as 2019 Africa MD by Global 100.Global 100 is an annual publication with a readership of over 293 000 industry leaders in 163 countri...

November 1, 2019 No Responses

Reflections On WFE’s 59 General Assembly, Annual Meeting In Singapore

By Oscar Onyema, CEO, NSE I am honoured to recap the 59th WFE General Assembly & Annual Meeting (GA&AM) held in Singapore, 8-10 October 2019. It always gives me great pleasure to attend the WFE’s flagship conference, which is our...

November 1, 2019 No Responses

SIFAX Boss Tasks African Businesses On Emerging Opportunities In Global Market

Group Managing Director, SIFAX Group, Mr. Adekunle Oyinloye, has urged businesses on the African continent to dream big by taking advantage of emerging opportunities on the global stage.He said doing this would transform them to global business brands with att...

October 30, 2019 No Responses

Munich Airport, ADB Safegate Seal Partnership

The international business arm of Munich Airport, the 100% subsidiary Munich Airport International (MAI) has signed a cooperation agreement with ADB SAFEGATE.A statement on Wednesday explained that the collaboration combines MAI’s worldwide expertise i...

October 16, 2019 No Responses

Global Borrowing Now At Highest Level Since 1950s

By Patricia Scotland, Commonwealth Secretary-General Trade wars, protectionism, and nationalist rhetoric are combining to create the possibility of a nightmare debt crisis that could be worse than any previously experienced. Global borrowing is now at the high...

October 11, 2019 No Responses

Commonwealth Trade Ministers Seek Reform Of WTO

Trade ministers from across the Commonwealth on Thursday made a commitment to resist all forms of protectionism, and to work urgently together towards reforming the World Trade Organisation, which sets the global rules for international trade.Following a meeti...

October 10, 2019 No Responses

Large LNG Sector To Sustain Growth Into 2020

Positive developments in the large LNG sector are expected to continue throughout the rest of 2019 and into 2020, according to a report from VesselsValue.The sector is being driven by increasing demand as more countries prioritize LNG as an energy...

October 9, 2019 No Responses

Nigeria, Luxembourg Stock Exchange Sign Green Bond Markets MoU

The Nigerian Stock Exchange (NSE) and the Luxembourg Stock Exchange (LuxSE) on Wednesday announced the signing of a Memorandum of Understanding (MoU) to cooperate in promoting cross listing and trading of green bonds in Nigeria and Luxembourg.The announcement ...

October 9, 2019 No Responses

Automotive Expert Seek Review Of Renault-Nissan Alliance

Automotive Editor at GlobalData, David Leggett, on Wednesday called for a review of the Nissan-Renault alliance.Reacting to the appointment of new CEO for the group, Legget said: “Rumours are swirling in France that Renault is to consider the question of...