China’s budget airlines spread wings, add routes
BEIJING/SINGAPORE (Reuters) – Xia Lili, marketing chief at a privately-owned Shanghai software firm switched to flying with Spring Airlines after China’s first low-cost carrier took off in 2010. Her company has since made it mandatory for staff to use …
Media mogul Redstone gets encouragement from friend turning 90
BROOKLINE, Mass. (Reuters) – Famed Massachusetts mill owner Aaron Feuerstein has this message for his friend and embattled media executive Sumner Redstone: hang in there.
Saudi-Iran rivalry sets scene for OPEC showdown over output
VIENNA (Reuters) – It used to be said of OPEC that it was like a teabag – it only worked in hot water. If that is so, conditions on world oil markets could hardly be more difficult as prices languish at almost seven-year lows near $40 a barrel.
Volkswagen denies Qatar talks sought to curb labor role
BERLIN (Reuters) – Volkswagen has denied a report saying its chief executive and chairman were urged on Sunday by its third-largest shareholder to reduce the influence of VW’s powerful unions as it battles to overcome its emissions scandal.
China’s budget airlines spread wings, add routes
BEIJING/SINGAPORE (Reuters) – Xia Lili, marketing chief at a privately-owned Shanghai software firm switched to flying with Spring Airlines after China’s first low-cost carrier took off in 2010. Her company has since made it mandatory for staff to use …
With China’s GMO sector in limbo, local seed firm targets U.S.
BEIJING (Reuters) – A Chinese biotech seed firm is aiming to launch the country’s first genetically modified corn products overseas on the home turf of the world’s top agricultural companies, as Beijing’s reticence over GMO food keeps the domestic mark…
Big city land-grab sowing seeds of next China property boom
BEIJING (Reuters) – In the Chaoyang district of northeast Beijing, a nondescript wall covered in patriotic posters protects one of the city’s most valuable treasures: a dirt field containing nothing but a few scattered trees.
Renault and France at loggerheads as board clash looms
PARIS (Reuters) – Renault is drawing up proposals to relinquish some power over alliance partner Nissan, sources said, and will on Monday begin shoring up boardroom support in the final days before a likely clash with the French government.
China forecast to become world’s biggest electric car market
BEIJING (Reuters) – China is forecast to become the world’s biggest electric car market this year, with sales estimated at 220,000 to 250,000 vehicles, the official news agency Xinhua said on Sunday, quoting the China Association of Automobile Manufact…
Uneasy calm in markets about upcoming U.S. rate increase, BIS says
LONDON (Reuters) – An “uneasy calm” prevails in financial markets about the first increase in U.S. interest rates in almost a decade, which is widely expected later this month, the Bank for International Settlements said in its latest report.
