Auto Industry
car&bike Team
May 31, 2022, 8:07 PM
Two top executives at Grab Holdings' fintech business have quit, adding to other senior departures in recent months, as the Southeast Asian ride-hailing and delivery firm rejigs the key unit at the loss-making group, two sources said.
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car&bike Team | May 31, 2022Analysis-How The Ukraine Conflict Is Reshaping Global Oil MarketsRussia's invasion of Ukraine has reconfigured the global oil market, with African suppliers stepping in to meet European demand and Moscow, stung by Western sanctions, increasingly tapping risky ship-to-ship transfers to get its crude to Asia.1 min read
car&bike Team | May 31, 2022EU, Resolving A Deadlock, In Deal To Cut Most Russia Oil ImportsEuropean Union leaders agreed in principle on Monday to cut 90% of oil imports from Russia by the end of this year, resolving a deadlock with Hungary over the bloc's toughest sanction yet on Moscow since the invasion of Ukraine three months ago.1 min read
car&bike Team | May 31, 2022Mexico Accepts U.S. Request For Labor Probe Into PanasonicMexico's Economy Ministry has accepted a U.S. request to probe alleged labor abuses at a Panasonic auto parts plant in the northern border city of Reynosa, it said on Monday.1 min read
car&bike Team | May 31, 2022EU Leaders Agree "In Principle" On Russia Oil Embargo - ReportEU leaders have reached an agreement "in principle" on banning oil imports from Russia, European Commission chief Ursula von der Leyen said early on Tuesday.1 min read
car&bike Team | May 31, 2022China Unveils Detailed Stimulus Policies To Support Virus-Hit EconomyChina's cabinet unveiled a package of 33 measures covering fiscal, financial, investment and industrial policies on Tuesday to revive a pandemic-ravaged economy, saying it will inspect how provincial governments implement them.1 min read
car&bike Team | May 31, 2022Sri Lankan Woman Rickshaw Driver Has To Queue 12 Hours, Or More, For FuelLasanda Deepthi, a 43-year-old Sri Lankan woman, plans her day around fuel queues.1 min read- car&bike Team | May 31, 2022EU Bans Most Russian Oil; Zelenskiy Calls Donbas Situation 'Extremely Difficult'European Union leaders agreed to ban most imports of Russian oil to the 27-nation bloc as Ukrainian and Russian forces battled on the outskirts of Sievierodonetsk, the last city still held by Kyiv in Ukraine's strategic Luhansk province.1 min read
car&bike Team | May 31, 2022Israel Signs Major Trade Deal With Gulf State UAEThe council predicts there will be almost 1,000 Israeli companies working in or through the UAE by the end of the year doing business with South Asia, the Far East and Middle East.1 min read
