Avoiding a diesel-for-diesel competition with market leaders including Volkswagen AG, for years, Toyota Motor Corp. focused on pushing its hybrid models in Europe. The Japanese carmaker’s strategy is finally paying off. Toyota is on track for roughly a 40 percent jump in annual sales of gasoline-electric vehicles in Europe in the first full year since…
In a sign that Iran’s closest ally in the region is ready to improve its ties with the kingdom, Oman told Saudi Arabia it will join a Saudi-led military alliance, the kingdom’s official news agency reported. The Saudi Press Agency said that announcing the decision to join the Islamic Military Alliance Against Terrorism was Oman’s defense…
Planemaker Airbus said that it would step up cost cuts to minimise the impact of these delays and added that it was postponing the delivery of 12 A380 planes to Emirates Airline over the next two years. Following an agreement between Emirates and engine maker Rolls Royce and a consecutive deal between Airbus and Emirates, while a set of…
Just look at Mongolia if you think air pollution in China has been bad. Levels of particulate matter in the air have risen to five times worse than Beijing during the past week’s bout with the worst smog of the year and are almost 80 times the recommended safety level set by the World Health Organization. While acrid…
According to a new congressional study, while being far ahead of France, the No. 2 weapons dealer with $15 billion in sales, the United States again ranked first in global weapons sales last year, signing deals for about $40 billion, or half of all agreements in the worldwide arms bazaar. With Qatar signing deals for…
In Normandy village of Tourouvre-au-Perche, France, now there is a road that is a ‘solar road’ and is now open for use. Ségolène Royal, the French minister of environment unveiled the one kilometer trial installation, known as Wattway, and which is made up of 2,880 photovoltaic panels. 280 megawatt hour per year is expected to…
Scaling back on business class flights and annual family home trips for overseas employees, Hyundai Motor is trimming its cost fat as it is headed for a fourth straight annual profit decline. just as SUVs have become more popular across many global markets, a product line-up that features more sedans than sport utility vehicles and…
What shape Brexit will take is still the question as the new year approaches. In return for securing control of immigration as well as most of its money and laws, the U.K. will surrender most of its existing economic and trade ties, according to a new report by a group of academics. “I’d put my…
As families, kids, and even child-less millennials looking for a new way to socialize with friends, board games are returning as a mainstream entertainment among these groups. The board game boom has led to cafes and bars focused on gaming apart from leading to the creation of new games. According to Euromonitor International, with expected…
In order to boost memory chip production and seeking to capitalize on an industry-wide surge in demand, South Korea’s SK Hynix Inc said on Thursday it will invest 3.16 trillion won ($2.7 billion) in its home country and China. Building a new plant to make NAND flash chips used for long-term data storage is the…
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