In what is being considered to be the latest blow for two firms already struggling in key markets, engine issues have forced Hyundai Motor Co and Kia Motors Corp to plan to recall 1.48 million vehicles in the United States, Canada and South Korea. At a time when Hyundai and Kia face a sharp drop…
Becoming part of the “gig economy” where freelance work is transforming the traditional job market in step with advances in technology, Sydney resident Rosalina Kariotakis was among the first drivers to sign up when ride-hailing company Uber started in 2014. For individuals who are seeking greater flexibility for less security – many of them are…
Calling it “very challenging” in remarks to a Senate panel, the general who commands America’s nuclear arsenal issued a warning about North Korean missile advances. Frustration about the lengthy delays and budget instability that he said are hindering the ability to modernize the nation’s nuclear deterrence capabilities, was expressed at the same time by Gen.…
By saying that he would champion American states that wanted to secede from the union, the European Commission President Jean-Claude Juncker hit back at Donald Trump’s support for the U.K.’s withdrawal from the European Union. “The newly elected U.S. president was happy that Brexit was taking place and was asking other countries to do the…
As an Australian regulator barred lenders from bargaining collectively for access, Apple Inc. on Friday won a victory in its global fight to prevent banks from introducing their own mobile payment services on Apple devices. Introducing their own mobile applications on iPhones and Apple Watches that could be used for contactless payments instead of the…
The simple process of the breaking down of organic materials – such as food waste –by microorganisms to produce biogas as a by-product is often termed as anaerobic digestion – or AD, and for many who are no conversant with this term and the process, this may sound like a strange concept. And looking to…
The International Renewable Energy Agency, IRENA, said on Thursday that last year saw global renewable energy generation capacity increase by 161 gigawatts (GW). The planet’s renewable energy capacity had hit an estimated 2,006 GW, by the end of 2016, IRENA said. With 71 GW of new solar energy leading the way, its data showed renewable…
As Saudi Arabian Oil Co. presses ahead with plans to raise $10 billion in debt, the company has set final pricing for its debut Islamic bond, reported the media quoting a person with knowledge of the matter. The person said, asking not to be identified as the information is private, said that debt is being…
After the damaging recall of its fire-prone Note 7 smartphone, you could be forgiven for thinking Samsung Electronics Co Ltd would make a song and dance about battery safety in its new flagship phones, due to be launched in the United States on Wednesday. While many market analysts expected Samsung Electronics Co Ltd to make a…
Tesco will settle investigations by the Serious Fraud Office and Financial Conduct Authority into the 2014 accounting scandal that rocked Britain’s biggest retailer and will have to pay out £235 million to do so. Although this deal requires court approval, as part of a deferred prosecution agreement (DPA) with the SFO, it will pay a…
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