International Archives — Page 13 of 58

January 13, 2019 No Responses

Commission Probes Terminal Operators

The Hong Kong Competition Commission has opened an investigation to assess whether the recently created alliance between several container terminal operators may restrict competition in Hong Kong. Recently, COSCO-HIT Terminals (Hong Kong) Limited (CHT), Asia Container Terminals (ACT), Hongkong International...

December 23, 2018 No Responses

Court Confirms $1.8b Oil Spill Compensation

Spain’s Supreme Court in Madrid upheld the ruling that the insurer and the captain of the Prestige oil tanker are to pay EUR 1.6 billion (USD 1.8 billion) in compensation. Under the final ruling, handed down on December 20, the...

December 4, 2018 No Responses

Qatar Pulls Out Of OPEC

Qatar has announced it is pulling out of the Opec oil producers’ cartel, just days before the group meets in Vienna. The Gulf state, which joined Opec in 1961, said it would leave the cartel in January and would focus...

December 1, 2018 No Responses

New Kia Soul Debuts

All-new Kia Soul has made its debut at the 2018 Los Angeles Auto Show: a completely new, yet familiar, version of Kia’s beloved and award-winning urban crossover. Taking everything that popularized the company’s quirky, unconventionally styled urban cross...

November 27, 2018 No Responses

GM To Sack 14,000 Workers, Close Eight Plants

Citing rising costs and drop in car sales, General Motors (GM) has concluded plans to halt production at five factories and cut more than 14,000 jobs. The US carmaker has also announced it will close three plants outside North America...

November 27, 2018 No Responses

Report: Women Still Earning 20 Per Cent Less Than Men

Global wage growth in 2017 fell to its lowest rate since 2008, far below levels before the global financial crisis, according to a new International Labour Organization (ILO) report. The Global Wage Report 2018/19 finds that in real terms (adjusted...

November 27, 2018 No Responses

Commission Approves Sale of HSH Nordbank

The European Commission has approved the sale of HSH Nordbank by the German Länder of Hamburg and Schleswig-Holstein to private investors. The approval was granted after the Commission found the sale was carried out through an open, competitive and non-discri...

November 21, 2018 No Responses

Renault Names Thierry Bolloré Interim Chief Executive

Renault has appointed a temporary deputy chief executive to take over the running of the French car firm following the arrest of Carlos Ghosn. Renault said its chief operating officer, Thierry Bolloré, would step up to the role because Mr...

November 20, 2018 No Responses

Nissan Boss Arrested Over Alleged Corruption

The shares of Nissan on Monday slumped by six per cent in Tokyo trade after the arrest of the firm’s chairman, Carlos Ghosn. According to Japanese prosecutors, Ghosn under-reported his income by 5billion yen ($44.4m; £34.5m) over five years. He....

November 19, 2018 No Responses

‘Shipping Firms Wasting Money On Paper in Digitalization Era’

Shipowners are very far from realizing many of the benefits of digital technology and Big Data, an analyst of shipping companies’ purchasing habits and head of Product, Global Navigation Solutions, Hayley van Leeuwen has said. She explained in an inte...

November 16, 2018 No Responses

Sudan Delegation At IITA, Seeks Collaboration On Cassava Transformation

The Director General of the International Institute of Tropical Agriculture (IITA), Dr Nteranya Sanginga explained on Thursday that a collaboration between IITA and Sudan will put smiles on the faces of farmers in the northern African country. This was contain...

November 14, 2018 No Responses

Hyundai Targets 700 New Jobs With Expansion

Hyundai Motor India Limited (HMIL) has concluded plans to increase its passenger vehicle production capacity to eight lakh units from seven lakh at its Sriperumbudur factory, near Chennai. According to Hyundai, the proposed capacity expansion is expected to ...

November 2, 2018 No Responses

Drunk Pilot Arrested At Airport

A Japanese pilot who was arrested at Heathrow Airport for being drunk has admitted being more than nine times the legal alcohol limit. Katsutoshi Jitsukawa, 42, who works for Japan Airlines, was arrested on 28 October after failing a breath...

October 27, 2018 No Responses

Nigeria’s School Feeding Programme Gulps $183m

By the end of 2018, with the number of new States in Nigeria joining the National Homegrown School Feeding Programme, it is set to become the largest school-feeding programme in Africa, Vice President Yemi Osinbajo has said. The Vice President...