Auto Industry News

Mobileye, which confidentially filed for its IPO earlier this year, reported first-half revenue of $854 million, a 21% jump from the year-ago period, according to its IPO filing. In 2021, Mobileye posted $1.4 billion of revenue.

As the world's third largest consumer and importer of oil, India buys about 85 per cent of its needs from overseas, while its energy demands are set to rise to power its economic expansion.

Despite the government requisitioning key refinery staff to get petrol flowing again, nearly a third of gas stations still have supply problems.

Together with Ethiopia and Zambia, Chad was one of three initial countries to seek a debt restructuring under a G20 initiative, but progress has been glacial.

The incident, which occurred on Thursday in an area known as Piedra Fina in Ecuador's Napo province, has not affected operations of the Heavy Crude Pipeline (OCP in its Spanish initials), company OCP Ecuador said in a statement.

Despite the government requisitioning key refinery staff to get petrol flowing again, nearly a third of gas stations still have supply problems.

China's central bank rolled over maturing medium-term policy loans on Monday while keeping its key interest rate unchanged for a second month, in a signal that loose monetary policy would be maintained.

In December last year, a fire killed three people and injured 44 during maintenance-related work at the refinery.