German carmaker Daimler said it would intensify cost cuts after legal risks for diesel-related issues and the cost of replacing Takata airbags triggered a 1.56 billion euros ($1.74 billion) loss before interest and taxes in the second quarter.
JPMorgan predicts the end of the USD as global reserve currency. The reason is China’s rise to a global economic superpower.
Sterling fell on Tuesday after Boris Johnson was set to become new British prime minister.
MOSCOW/SEOUL, July 23 (Reuters) – Russia carried out what it said was its first long-range joint air patrol in the Asia-Pacific region with China on Tuesday, a mission that triggered hundreds of warning shots, according to South Korean officials, and a strong protest from Japan. The flight by two Russian Tu-95 strategic bombers and two […]
BAIC has acquired an equity interest of approximately five percent in Daimler AG through Investment Global Co. Ltd., a 100-percent subsidiary. Since then, the two companies have cooperated in the production, research and development, and sale of passenger cars, vans and trucks. In 2013, Daimler acquired an equity interest in BAIC Motor, a listed subsidiary of BAIC, and currently holds 9.55 percent of its shares.
Following the European Union’s repetitive failures to deliver on its promises, Turkey said that the readmission deal is no longer functioning and unilaterally decided to suspend its commitments.
President Donald Trump and U.S. congressional leaders reached a deal on Monday on a two-year extension of the debt limit and federal spending caps that would avert a feared government default later this year but add to rising budget deficits.
The U.S. Federal Trade Commission is expected to announce a roughly $5 billion settlement with Facebook Inc.
Istanbul Governorate said in a statement Monday that Syrian nationals without registration or registered elsewhere in Turkey will be transferred to provinces determined by the Ministry of Interior.
Equifax Inc. on Monday struck a settlement of up to $700 million to resolve investigations and lawsuits stemming from its 2017 data breach that exposed the personal data of nearly 150 million Americans.