BERLIN: The chief executive of Volkswagen , the world's largest vehicle maker by sales, expects autonomous vehicles to be ready for sale between 2025 and 2030, he told a magazine. Herbert Diess cited the improving performance of computer chips needed in autonomous cars while developments in ...
FRANKFURT: The European Central Bank (ECB) is set to unleash more stimulus for the eurozone at its last meeting of the year on Thursday (Dec 10), as the region's battered economy grapples with a second coronavirus wave. ECB chief Christine Lagarde in October all but promised that extra support...
BRUSSELS: Last-ditch discussions between the United Kingdom and the European Union over future trade ties are set to resume in Brussels later on Sunday (Dec 6), two days after they were “paused” amid "significant differences" on an array of issues. Britain's main negotiator, David Frost, arrived ...
Iran has instructed its oil ministry to prepare installations for production and sale of crude oil at full capacity within three months, state media said on Sunday, ahead of a possible easing of U.S. sanctions after President-elect Joe Biden takes office.
Britain and the European Union sought on Sunday to strike an elusive trade deal, with failure likely to end with trade in chaos, markets tumbling and a huge economic price to pay.
BERLIN: Lufthansa will have shed 29,000 staff by the end of the year and the German airline will cut another 10,000 jobs in its home country next year as it struggles to cope with the coronavirus, a newspaper reported on Sunday (Dec 6). The airline and its subsidiaries -...
Jean Pierre Mustier's decision to step down as CEO of UniCredit had nothing to do with a possible acquisition of bailed-out rival Monte dei Paschi (MPS), UniCredit Chairman-elect Pier Carlo Padoan was quoted as saying on Sunday.
WEALTH management platform iFast Corp plans to continue pursuing a digital banking licence both in Singapore and abroad, despite its failed bid for a digital wholesale bank (DWB) licence from the Monetary Authority of Singapore (MAS).
Lufthansa will have shed 29,000 staff by the end of the year and the German airline will cut another 10,000 jobs in its home country next year as it struggles to cope with the coronavirus, a newspaper reported on Sunday.
The failure of Microsoft’s Bing has some instructive lessons for Apple on how to take on Google’s search dominance, says this observer.
