Audi delivers 1,380,800 vehicles in nine months

Audi delivers 1,380,800 vehicles in nine months

AUDI AG ended the third quarter with an increase of 2.6 percent in September sales compared to 2016. In the past month, the company sold 178,350 units.   The picture was mixed among the top markets: While sales grew in the...
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Kia appoints Oleg new head of design in China

Kia appoints Oleg new head of design in China

Kia Motors has appointed prominent car designer Oleg Son, 56, as Head of Kia Design China – leading the brand’s design activities in China and strengthening its design capability in the rapidly expanding Chinese market. Son will be based in...
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Chevron to deliver LNG to customers in Asia

Chevron to deliver LNG to customers in Asia

 Chevron  has started producing liquefied natural gas (LNG) at the Wheatstone project in Western Australia.    According to Offshore Magazine, the first cargo is on track to be shipped in the coming weeks. At full capacity, the Wheatstone project’s t...
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ILO: Sluggish SME development hurts jobs, economy

ILO: Sluggish SME development hurts jobs, economy

Investing in workers and innovation, and boosting trade and social dialogue are key to stemming rising global unemployment, the latest edition of the ILO’s flagship report shows.   With more than 201 million workers unemployed in 2017 – an increase...
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Porsche seeks $235m damages from Audi over diesel scandal

Porsche seeks $235m damages from Audi over diesel scandal

There’s trouble in Volkswagen paradise as Porsche begins litigation against its sister-brand Audi, alleging that the auto manufacturer’s role in the Dieselgate scandal has cost the luxury automaker upwards of $234 million, Reutersreports. In 2015, ...
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South African Regulator Approves Maersk Line’s Deal

South African Regulator Approves Maersk Line’s Deal

South Africa’s competition tribunal has cleared Maersk Line’s proposed acquisition of German liner company Hamburg Süd. “The clearance is conditional upon Hamburg Süd’s withdrawal from the SAAF vessel sharing agreement operating in the South Africa...
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Tony Elumelu Foundation to host 1,300 entrepreneurs, business leaders from 54 countries

Tony Elumelu Foundation to host 1,300 entrepreneurs, business leaders from 54 countries

The Tony Elumelu Foundation (TEF), Africa’s largest philanthropy focused on supporting entrepreneurship, has announced that the 3rd annual TEF Entrepreneurship Forum will take place on October 13-14 in Lagos.   This is the first year the invitation-only For...
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FirstBank unveils new ultra-modern head office in Ghana

FirstBank unveils new ultra-modern head office in Ghana

First Bank of Nigeria Limited has unveils a new ultra-modern Head Office for its subsidiary, FBNBank Ghana to enhance service delivery in the Ghanaian market. According to the Managing Director, FBNBank Ghana, Gbenga Odeyemi, FBNBank is resolute in its passion...
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Again, Toyota Hilux emerges best in pick-up segment, delivers 3995 units

Again, Toyota Hilux emerges best in pick-up segment, delivers 3995 units

Again, Toyota Hilux has emerged as South Africa’s best-selling vehicle as at September, 2017. Already, the Hilux has delivered 3995 units to Customers across the country. Within the period, Ford Ranger sold 2337 units, leaving Nissan NP200 in third place...
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59 killed, 527 injured  in Las Vegas shooting

59 killed, 527 injured in Las Vegas shooting

Police are working to establish the motive behind a mass shooting which left at least 59 dead and another 527 injured at a Las Vegas concert.  Gunman Stephen Paddock, 64, opened fire from the 32nd floor of the Mandalay Bay...
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GM unveils agenda for 20 electric vehicles

GM unveils agenda for 20 electric vehicles

General Motors will launch two new electric vehicles over the next 18 months, the first step in an ambitious plan to have more than 20 such vehicles on sale by 2023, and begin production of hydrogen fuel cells at its...
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First Bank consolidates international business, increases stake in FBNBank Congo

First Bank consolidates international business, increases stake in FBNBank Congo

First Bank of Nigeria Limited has acquired the remaining shares in FBNBank DRC Limited (FBNBank DRC), making it FirstBank’s wholly owned Subsidiary.    FirstBank said this follows its initial investment in FBNBank DRC (formerly Banque Internationale de Cre...
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Ford targets Saudi Arabian women with adverts

Ford targets Saudi Arabian women with adverts

Some of the world’s biggest car makers including Ford have started advertising their vehicles directly to women in Saudi Arabia. The swift move follows the official announcement on 27 September by King Salman that the country’s ban on women drivers...
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WFE implores global securities regulators on information sharing, confidentiality

WFE implores global securities regulators on information sharing, confidentiality

The World Federation of Exchanges (WFE) on Wednesday responded to the CPMI-IOSCO Framework for Supervisory Stress Testing (“SST”) of Central Counterparties (“CCPs”). ​  According to WFE, the  purpose of the Framework is to guide glo...
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