ROME : Italy’s government has ruled that China’s Sinochem cannot designate the chief executive of tyremaker Pirelli despite being its main shareholder with a 37 per cent stake, a source familiar with the matter told Reuters on Saturday. The decision is part of the measures announced this week by Rome’s […]
Year: 2023
LONDON: Britain’s King Charles III Charles inspected the troops at his inaugural birthday parade on horseback on Saturday (Jun 17), the first time the monarch has ridden at the event since his mother, Queen Elizabeth II, in 1986. The annual Trooping the Colour parade marks the British sovereign’s official birthday. […]
TOKYO : Japan plans to stoke competition in smartphone app payments, dominated by Apple and Google, by banning major app store operators from forcing software developers to use the operators’ own payment systems, a government panel said. The final report by the panel, released on Friday, also said major suppliers […]
MOSCOW: Russia on Saturday (Jun 17) said it had destroyed three drones targeting an oil refinery in the southern border region of Bryansk, as Ukraine pursues its counteroffensive against Russian forces. “Russian air defence systems repelled an overnight attack by the Ukrainian armed forces on the ‘Druzhba’ oil refinery in […]
Electric-vehicle startups from Nikola to Lordstown Motors were set on Friday to extend a blistering rally in their shares that has put the cash-strapped companies on track for hefty weekly gains. The winning streak has come without any apparent news or catalyst for the companies, leading several analysts and traders […]
ENSCHEDE (Netherlands): Substitute Joselu scored a fortunate winner three minutes from the end as Spain booked their place in a second successive Nations League final with a deserved 2-1 victory over Italy today. Coach Luis de la Fuente’s side will meet Croatia in Sunday’s decider in Rotterdam having lost to […]
MELBOURNE : Australia head coach Rohan Taylor says Ariarne Titmus is tracking in the right direction ahead of her world championships showdown with Summer McIntosh despite falling well short of snatching back her 400m freestyle world record this week. Titmus qualified for Fukuoka with a dominant 400m win at world […]
A group of 17 music publishers in the US has sued Twitter, claiming the platform enabled copyright violations involving nearly 1,700 songs. The National Music Publishers’ Association (NMPA) is seeking more than $250m (£197.7m) in damages. In a lawsuit filed at the Federal District Court in Nashville, the NMPA claimed […]
MANILA : China’s Yadea Group Holdings, one of the world’s biggest electric two-wheeled vehicle makers, plans to invest about $1 billion in a battery factory in the Philippines, the country’s investment promotions agency chief said on Thursday. Yadea is one of a several electric vehicle manufacturers looking at the Southeast […]
JAKARTA: Indonesia’s trade surplus in May narrowed to the smallest in three years amid surging imports, data by the statistics bureau showed on Thursday. The resource-rich country last year saw exports jump to a historic high on rising global commodity prices. The prices of commodities such as coal and palm […]