International Archives — Page 19 of 59

March 28, 2018 No Responses

UBA London Subsidiary Gets Regulatory Approval

Foremost financial institution, United Bank for Africa (UBA Plc) on Tuesday announced that its London subsidiary has obtained regulatory permission to carry out wholesale banking services in the United Kingdom. The approval licence was granted to the lender by the...

March 28, 2018 No Responses

COSCO Names Another 20,000 TEU Boxship

China’s COSCO Shipping Lines has named COSCO Shipping Leo, a 20,000 TEU containership newbuild. The naming ceremony for the giant boxship was held in Nantong on March 22, 2018. Built by Nantong COSCO KHI Ship Engineering (NACKS), COSCO Shipping Leo is...

March 26, 2018 No Responses

37 Dead, 64 Missing In Shopping Mall Inferno

At least 37 people are confirmed to have died in a fire that tore through a shopping centre in the Siberian coal-mining city of Kemerovo. At least 64 people are missing, including 41 children, and parts of the building are...

March 23, 2018 No Responses

Trade War Looms As Trump Announces Tariffs on Chinese imports

The US plans to impose tariffs on up to $60bn (£42.5bn) in Chinese imports and limit the country’s investment in the US in retaliation for years of alleged intellectual property theft. The White House said the actions were necessary to...

March 23, 2018 No Responses

Initiative For Climate-Smart Shipping Debuts

Electromobility for Shipping is the name of a new collaboration between six actors with the aim to increase the electrification of shipping. Swedish ferry company Stena AB, the Swedish Shipowners’ Association, ABB Sweden AB, ABB Marine Oy, research institut...

March 22, 2018 10 Responses

BMW Targets Pre Tax Profit of 10B Euros In 2018, Sets Aside 7B Euros For Electric, Autonomous Cars

BMW will increase research and development spending to an all-time high of up to 7 billion euros ($8.6 billion) this year as part of efforts to bring 25 electrified models to market by 2025 BMW said that despite higher...

March 21, 2018 No Responses

Pirelli Records Fresh Innovation In Tire Technology

Pirelli has recorded fresh breakthrough in tire technology. It’s called Cyber Car and it’s a tire that connects the rubber with the car and provides loads of information and data. Under the arrangement, the tire can relay information such as...

March 21, 2018 one Response

Octopus: Heritage Bank Attains ISO 27001 Information Security Management Certification

Heritage Bank Plc has achieved the Information Security Management Certification from International Standards Organisation (ISO). This certification also known as the ISO 27001: 2013 is part of the ISO 27000 family of standards which helps organisations keep...

March 18, 2018 No Responses

23 UK Diplomats Expelled From Moscow

Russia is to expel 23 British diplomats in a row over the nerve agent attack on an-ex spy and his daughter in the UK. The Russian foreign ministry said the UK staff would be expelled from Moscow within a week...

March 16, 2018 No Responses

Kuwait Seals $467m Financing for Eight Tankers, Orders VLCC

Kuwait Oil Tanker Company (KOTC) has signed a financing deal with a syndicate of banks worth around USD 467 million (KD 140 million). The financing will be provided by Warba Bank, Ahli United Bank and Kuwait International. The ten-year financing...

March 15, 2018 No Responses

Nissan Appoints Munoz, Ex-U.S Chief To Lead China Expansion

Nissan Motor Company on Wednesday said Chief Performance Officer and former U.S. chief Jose Munoz would become head of its China operations, leading the Japanese automaker’s ambitious expansion in the world’s largest auto market. The Japanese aut...

March 12, 2018 No Responses

Weststar Joins Firefighting Truck Segment, Unveils Atego 1725

The Commercial Vehicles Department of Weststar Associates Limited, Authorised General Distributor of Mercedes-Benz in Nigeria has unveiled its first unit of the new Atego 1725 firefighting truck for the year 2018 to support firefighting operations in Nigeria. ...

March 10, 2018 one Response

Audi Partners Airbus on Autonomous Flying Car Project

Audi has partnered Airbus and Italdesign to bring a self-driving car with flying drone capabilities to life. At the 2018 Geneva International Auto Show, the firms presented an evolution of the Pop.Up concept unveiled by Airbus and Italdesign one year...

March 9, 2018 one Response

ILO: Women Are More Likely To Be Unemployed In Most Parts Of The World

Women are less likely to participate in the labour market than men and are more likely to be unemployed in most parts of the world, says a new study put together by the International Labour Organization (ILO) to commemorate 2018...