China is going to open gas & oil exploration, production to outer firms

1 Day Ago, Stefan Geier

China will give permit to foreign companies to take part in oil and gas exploration and production in the country, in what officials hailed Thursday as a "major reform" opening up the industry.

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Car Parts are being made using McD's coffee waste by Ford

1 Day Ago, Peter Mühlbacher

Ford is ready to provide cars a caffeine boost. The automajor has lastestly partnered with McDonald USA to use coffee beans in headlight housing and other automobile parts it will produce.

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Trade of U.S. has gone deficit to more than three-year low

1 Day Ago, Sabine Schuster

The trade deficit has contracted 0.7% through November and is on track to record its first annual decline since 2013. While the shrinking trade bill should provide a boost to gross domestic product in the fourth quarter, falling consumer goods imports also suggest a cooling in domestic demand.

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A prototype city of the future in Japan will be build by Toyota

1 Day Ago, Ulrike Hahnich Schneider

Toyota disclosed the bold plan for what it will call "Woven City", in a relation to its origins as a loom manufacturer, at the big annual technology industry show, CES. The plan for a futuristic community on 175 acres (71 hectares) is a big step beyond proposals from Toyota's rivals.

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Prospect of US-Iran conflict threatens Gulf economies

1 Day Ago, Bernhard Schneider

Economies of Gulf,even now strained by years of low oil prices, face a double-edged sword with the prospect of conflict with Iran increasing oil prices while also threatening exports.

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French telco Orange mulls IPO of its MEA business

1 Day Ago, Peter M端hlbacher

British supermarket giant Tesco suspended a Chinese supplier of Christmas cards on Sunday after a press report said a customer discovered a message written inside a card showing it had been packed by foreign prisoners who were victims of forced labour.

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Gold barter trade considered by Muslim counties in order to beat sanction

1 Day Ago, Bernhard Schneider

Prime Minister of Malaysia- Mahathir Mohamad delivers the speech during the opening ceremony of the Kuala Lumpur Summit on Dec 19, 2019.

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Three bidders awarded with US$1.5 billion in an auction by Columbia

1 Day Ago, Sabine Schuster

Colombia has decreed bandwidth to three bidders in an auction who set up 5 trillion pesos (US$1.5 billion) as part of efforts to improve mobile telephone services and expand internet access.

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