BMW agrees to pay $4.1B to raise brilliance China stake
11 October 2018 |
8:27 am
BMW is betting on China, paying more than $4B to boost its stake in its joint venture with Brilliance Automotive.
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21 Oct
New Zealand Prime Minister Jacinda Ardern announces a comprehensive in-principle free trade agreement with the UK, arrived at after 16 months of talks. London said the deal ends tariffs on British exports such as clothing, footwear, ships and bulldozers. It estimated that trade between the two countries last year was worth £2.3 billion ($3.2 billion, 2.7 billion euros).
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"Big John," as the dinosaur was nicknamed, went for millions above the initial estimate from French auction house Druot.
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Germany is relatively new to the list of countries with a minimum wage. Now, government coalition talks are considering raising it without using the country's independent expert commission. There are pros and cons.
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The head of the Fairtrade Foundation says consumers, businesses and governments need a ‘reality check’ on the situation facing farmers in developing countries. CEO Michael Gidney speaks to FRANCE 24 ahead of the COP26 climate conference, where Fairtrade will be bringing a pledge for businesses. In this pledge, companies will promise to invest in more sustainable supply chains and provide guaranteed prices to farmers.
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Luxembourg joins only two other countries and a handful of US states in decriminalizing the cultivation of cannabis for recreational use. However, Germany may not be far behind.
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Group sold 599,027 vehicles in 3rd quarter of 2021, a decrease of 22.3% French carmaker Renault said on Friday it expects a production loss of 500,000 vehicles this year due to a global semiconductor shortage and production shutdowns.
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A cocktail bar owner in Bangkok hopes fruity mocktails seasoned with Kratom, a recently decriminalised tropical herb, will help keep his business afloat amid a seven-month ban on alcohol service in the Thai capital. The city, once a popular nightlife spot, is under a curfew and bars, pubs and restaurants are prohibited from selling alcoholic drinks as part of coronavirus restrictions.
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Meet the Nigerian startups that are digitizing the Nigerian food supply chain, helping merchants navigate high food inflation and avoid crowded markets during the COVID-19 pandemic. Vendease and Sabi have created digital marketplaces that allow wholesalers, shopkeepers and restauranteurs to purchase directly from farmers and manufacturers at more affordable rates.
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Report: Africa to see less funding for fossil fuels - Nigeria introduces eNaira digital currency - Solar powered vehicles made in Germany?
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Facebook reported an annual 17 per cent jump in third-quarter net profit, driven by an increase in daily active users and strong advertising sales despite the platform facing multiple controversies that have led to calls for tighter regulation.
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Benefitting from soaring demand for online ads, Google's parent company Alphabet reported nearly $19 billion in profits between July and September, up 68 percent from the same period last year. Microsoft's earnings also beat expectations, while French consumers are gearing up for some price hikes at the bakery.
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Russia and Germany are keen for full regulatory approval of the natural gas pipeline as European faces an energy crunch. Critics say the pipeline increases the EU's dependency on Russian gas.
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Marine Le Pen heavily criticized the European Union during her visit with the Hungarian prime minister in Budapest. Viktor Orban praised Le Pen and said she would help renew Europe's political right wing.
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European Competition Commissioner Margrethe Vestager told DW in an interview that legal action against the tech giant could be endless, but regulation now could limit its damage.
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The UN has suspended flights to Tigray's regional capital after a plane had to abort landing in Mekelle. The humanitarian situation in the region is dire with civilians facing famine-like conditions, the UN added.
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Several EU member states are seeking a bloc-wide rapid reaction force. NATO chief Jens Stoltenberg says the defense efforts should not duplicate existing structures.
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Poland and the European Union have been at loggerheads this week over the country’s rejection of parts of EU law. But tensions have not emerged overnight. Despite the country’s overwhelming grassroots support of EU membership, bitter disputes over judicial matters and social policy have emerged since the Law and Justice (PiS) party came to power in 2015. While Prime Minister Mateusz Morawiecki insists that Poland's place is in the EU, some believe that the latest clash could signal the start of a ‘Polexit’.