A man takes a look at second-hand BMW cars at a dealer shop in Beijing, China. File/Reuters
German automaker BMW and Chinese online gaming giant Tencent Holdings are teaming up to launch a computing centre in China that will help develop self-driving cars in the world’s biggest auto market, the companies said on Friday.
Germany’s BMW will recall 360,000 vehicles in China as part of the worldwide effort to root out defective airbags made by now-defunct Japanese supplier Takata, regulators in Beijing said.
BMW’s first-quarter operating profit fell 78 per cent to 589 million euros, despite higher deliveries of luxury vehicles, as the carmaker felt the effects of higher investment spending and a 1.4 billion euro ($1.6 billion) legal provision. The European Commission last month told German carmakers
Sheikh Hamdan Bin Mohammed Bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of The Executive Council of Dubai, today toured the 43rd edition of the Big 5, the largest and most influential construction event in the Middle East, Africa and South Asia, at the Dubai World Trade Centre. Sheikh Hamdan said Dubai aims to be a
India’s central bank raised its key policy rate by 35 basis points to 6.25 per cent on Wednesday, the highest in over three years and its fifth straight increase, and vowed there will be no let up in its fight to tame high inflation. While there have been signs recently that price pressures may be moderating, Reserve Bank of India (RBI)
AD Ports Group has signed a collaboration agreement with the Africa Finance Corporation (AFC), an infrastructure solutions provider in Africa, to address infrastructure gaps across the continent. The agreement provides the basis for the two organisations to join forces on identifying, financing, developing and investing in much-needed
Abdullah Sultan Al Owais, Chairman of the Sharjah Chamber of Commerce and Industry (SCCI), and Vice Chairman of the Federation of UAE Chambers of Commerce and Industry (FCCI), has received a high-level business delegation from Uzbekistan’s Chambers of Commerce and Industry. The delegation was led by Vakhabov Davron,