Volkswagen says to cut up to 7,000 jobs at VW brand

5 years ago

FRANKFURT AM MAIN– German automaker Volkswagen said it would eliminate up to 7,000 jobs by 2023 as it seeks to accelerate its transition to electric vehicles, although the cuts should...

EU adds 10 countries, including UAE, to tax blacklist

5 years ago

BRUSSELS– The European Union expanded its tax haven blacklist by 10 countries on Tuesday, adding the United Arab Emirates and Bermuda despite the objections of powerful member states such as...

US, China negotiators talk but no date for Trump-Xi trade summit

5 years ago

BEIJING–Top US and Chinese officials held phone talks Tuesday to discuss the next steps in trade negotiations, Chinese state media said, as the White House said no date has been...

Trump to seek another $8.6 billion for border wall

5 years ago

WASHINGTON– US President Donald Trump is seeking $8.6 billion in fresh funding for a wall on the US-Mexico border, likely triggering another fight with Congress.  The 2020 budget...

Helsinki-Tallinn tunnel to get $16.8 billion from Touchstone

5 years ago

HELSINKI– FinEst Bay Area Development said on Friday it had signed a memorandum of understanding for 15 billion euros ($16.8 billion) in financing with China’s Touchstone Capital Partners for its...

Tesla gets $520 mn funding for first Chinese plant

5 years ago

SHANGHAI– Electric carmaker Tesla has won more than $520 million in loans from Chinese banks to build its first overseas car plant near Shanghai, the first foreign automaker to wholly...

China's imports, exports tumble more than expected in February

5 years ago

BEIJING– China's exports and imports plummeted much more than expected in February, official data showed Friday, adding to worries about slowing growth in the world's number two economy as it...

China's Huawei sues US over federal ban on its products

5 years ago

SHENZHEN, China– Tech giant Huawei on Thursday opened a legal front in its counter-offensive against US warnings that it could aid Chinese intelligence services, filing suit to overturn a US...

Qatar raises $12 bn in bond sale despite political crisis

5 years ago

DOHA– Qatar has sold bonds worth $12 billion (nine billion euros), the finance ministry said Thursday, attracting strong demand despite an economic and diplomatic boycott by its former Gulf allies.  ...

Service resumes after paragliding companies agree to pay tax

5 years ago

Pokhara– Paragliding service, which was said to be closed from today, has been resumed after companies, operating paragliding flights in Pokhara, agreed to pay tax to Pokhara metropolitan city.  ...

UK car sales back on track after bumpy ride

5 years ago

LONDON– New car sales in Britain rose in February from a year earlier, reversing five straight monthly declines despite fears over Brexit and China's economic slowdown, data showed Tuesday.  ...

India plays down end to US trade preferences

5 years ago

NEW DELHI– India played down on Tuesday President Donald Trump's intention to end certain trade preferences, saying the impact on New Delhi's exports to the US would be minor.  ...

China says 'still lots left to do' in US trade talks

5 years ago

BEIJING–US-China trade talks have been "very difficult and taxing" and negotiators still have "lots left to do", but breakthroughs have been made in some areas, China's commerce minister said Tuesday.  ...

Talks with protesting gas entrepreneurs becoming effective

5 years ago

Kathmandu–nformal talks between the government and the Gas Dealers Association Nepal is advancing towards a consensus, said a talks team member.  The dialogue initiatives were pushed following a...

Trump to delay China tariff hike after trade talks 'progress'

5 years ago

WASHINGTON– US President Donald Trump said Sunday he would delay a planned tariff increase on Chinese exports after both sides hailed "substantial progress" in trade talks, raising the prospect of...