Employees at the Porsche factory in Stuttgart-Zuffenhausen, Germany. Reuters
Ford Motor’s shift in production at a Michigan plant to trucks from less profitable cars will lead to a more than $1 billion improvement in operating earnings, an official at the No. 2 US automaker said. The increase in earnings, before interest and taxes,
The euro languished near a 22-month low on Thursday, weighed down by ailing growth in Germany and the spectre of political uncertainty in Spain. A surprise drop in German business morale has highlighted the divergence between economic data in the United States and the eurozone.
The prolonged bed rest is part of the "Artificial Gravity Bed Rest" Study that launched this week into the effects of weightlessness on the human body.
Britain’s vast finance industry will emerge largely unscathed from Brexit and retain its position as one of the world’s top financial centres, ministers in Prime Minister Theresa May’s government said on Monday. Since Britain voted to leave the European Union nearly three years ago,
European stocks slipped on Monday as concerns about an escalating fallout from a US crackdown on China’s Huawei Technologies offset a slightly more positive tone on trade.
The UAE-based Grandweld Shipyards has launched its sixth pilot boat for Kuwait Oil Company (KOC). As per the contract signed in May 2017, the ‘MESKAN’ is the final boat of ten – four crew transport boats and six pilot boats – that Grandweld was required to build for KOC’s fleet.
China’s central bank (CB) will use foreign exchange intervention and monetary policy tools to stop the yuan weakening past the key 7-per-dollar level in the near-term, three people familiar with the central bank’s thinking said. “At present, rest assured they will certainly not let it break 7,” a source told Reuters.