Wednesday, February 13th, 2019

 

Ford recalls 1.5m F-150 pickups

NEW YORK, Feb 13 — Ford announced today it is recalling 1.5 million of its best-selling F-150 pickup trucks due to a glitch in its transmission system that can lead to accidents. The defect is present on some 2011 models of the truck with…


Spain’s government loses budget vote, paving way for early election

MADRID, Feb 13 — Spain’s parliament rejected a draft 2019 budget today after Catalan separatists turned their back on the government, pushing the country close to an early national election amid an increasingly fragmented political landscape….


US stocks gain again on optimism over trade, budget talks

NEW YORK, Feb 13 — Wall Street stocks rose again early today, extending an upward push on optimism over US-China trade talks and a preliminary budget agreement in Washington. About 20 minutes into trading, the Dow Jones Industrial Average was up…


Yayasan Sabah unit eyes RM164m profit this year

KOTA KINABALU, Feb 13 — Yayasan Sabah Group (YSG) said its subsidiary, Innoprise Corporation Sdn Bhd (ICSB), has targeted a 30 per cent increase in profit to RM164 million this year. Last year, ICSB, which operates as an investment and holding…



French court orders Google to remove ‘abusive’ clauses

PARIS, Feb 13 — A French court has ordered Google to remove “abusive” clauses from the service conditions it requires consumers to accept to the internet giant’s services, a consumer group said today. The group UFC-Que Choisir, which has…


Huawei ready to tackle extra security to stay in 5G kit race

WARSAW, Feb 13 — Chinese tech giant Huawei is ready to face any extra security measures required to remain in the race to develop next-generation 5G networks in central and eastern Europe, Andy Purdy, Chief Security Officer at Huawei Technologies…


Airbus poised to axe A380 as Emirates reviews demand, say sources

PARIS, Feb 13 — Airbus is nearing a decision to axe production of the world’s largest airliner amid a downward revision in demand from the Gulf and is likely to give an update with its full-year earnings on February 14, industry sources and…


London keeps central role in euro clearing ahead of Brexit

LONDON, Feb 13 — London has kept its central role in clearing euro financial transactions ahead of Brexit, but European Union rivals have stepped up efforts to attract business, the CEO of the London Stock Exchange’s clearing arm LCH said today….


Ford told UK PM May it could move business overseas because of Brexit

LONDON, Feb 13 — Ford Motor Co told British Prime Minister Theresa May during a conference call yesterday that it may have to move some production out of Britain because of Brexit, according to a source on the call. Ford told May it may have to…