Sunday, February 3rd, 2019


Nissan scraps plan to build new X-Trail model in Britain

LONDON, Feb 3 — Carmaker Nissan has scrapped plans to build its new X-Trail SUV in Britain, saying it had taken the decision to consolidate production in Japan and warning two months before Brexit that uncertainty was making it harder to plan for…

Report: EU agrees no-deal Brexit compensation for Irish farmers

DUBLIN, Feb 3 — The European Commission has agreed to compensate Irish farmers for a collapse in market value in the event of a no-deal Brexit, the Irish edition of the Sunday Times newspaper said, quoting Irish government and EU sources. Farmers…

Australia banks set for major shake-up from landmark inquiry

SYDNEY, Feb 3 — A major shake-up of Australia’s massively profitable banking sector is on the cards as a landmark inquiry into abuses in the financial services industry releases its final report tomorrow. Sweeping legislative and regulatory…

Foreign businesses fret as China fast-tracks investment law

BEIJING, Feb 3 — China is fast-tracking a foreign investment law at an unprecedented pace to meet Washington’s demands on trade, but businesses fear that time to review and raise objections on a crucial piece of legislation has been cut short….

Once red-hot smartphone market sees cooler trend

SAN FRANCISCO, Feb 3 — The smartphone market is down but not out, with high prices and other factors combining to chill what had previously been a red-hot sector. Fresh surveys show global sales had their worst contraction ever in 2018, and the…

Revving up for a better ride in 2019

After years of tepid development, Malaysia’s automotive industry has finally shifted into high gear with the launch of new vehicles under local brands and improved total industry volume, driven by heightened demand and a recovery in consumer sentiments. The automotive industry, while small, contributes about RM40 billion or four per cent to Malaysia’s gross domestic […]

Papua New Guinea: Year in Review 2018

A 7.5- magnitude earthquake and its subsequent impact on the mining and energy sectors led to a difficult year for Papua New Guinea in 2018; however, new investments from foreign players should reap dividends moving forward. The February 26 earthquake – along with its series of aftershocks – that struck the central-western Hela Province was […]