Business

German car sales plunge in April as virus hits key industry

Some 61 percent fewer new cars were registered on German roads in April 2020 than a year ago, official data showed Wednesday, as Europe's automobile powerhouse matched its neighbours' plunging sales for the industry.

Automotive

Coronavirus calls into question PSA-Fiat Chrysler merger

Will they or won't they? On top of massive economic damage, the coronavirus pandemic now is casting doubt over the pending merger of PSA Group and Fiat Chrysler (FCA), financial sources told AFP.

Business

Volvo Cars and owner Geely consider merger deal

Swedish automaker Volvo Cars and its owner Chinese automaker Geely Holding said Monday they are considering combining their businesses to create a company that "would accelerate financial and technological synergies between ...

Business

UK approves restricted 5G role for China's Huawei

Britain on Tuesday gave the green light to a limited role for Chinese telecoms giant Huawei in the country's 5G network, in a decision that left the United States "disappointed" after it called for a total ban.

Business

Infosys profits jump 23.5% as probe finds no proof of wrongdoing

India's second-largest IT outsourcing firm Infosys on Friday announced a 23.5 percent jump in its quarterly net profits, beating estimates as it declared that an internal probe had found no evidence of misconduct by its top ...

Business

Crypto-currencies and criminality: myth or reality?

The recent bust of a worldwide international paedophile ring using Bitcoin payments highlighted one of the key fears surrounding crypto-currencies—their use by criminals.

Business

Stormclouds gather for Facebook's Libra currency

International outcry is mounting over Facebook's Libra—with central banks, governments and regulators railing against the social media giant's upstart cryptocurrency.

page 1 from 2