Daimler, BMW win green light for car-sharing merger

FRANKFURT, Dec 19 ― German carmakers Daimler and BMW said Wednesday they had won final approval to merge their car-sharing services Car2Go and DriveNow, paving the way for the creation of a European giant to challenge the likes of Uber. In a joint…

Croatia’s shipbuilders struggle to stay afloat

PULA (Croatia), Dec 19 — Late wages, mass strikes, scrapped contracts — Croatia’s once-thriving shipbuilding sector is sinking, in one of the last gasps of the region’s communist-era industrial giants. The towering cranes looming over Pula…

Britain in Brexit limbo with 100 days to go

LONDON, Dec 19 — British MPs head off for Christmas with just 100 days to go until Brexit, leaving a country in limbo with no divorce deal in place and total confusion over what happens next. Prime Minister Theresa May, who is holding her last…

France to push ahead with digital tax starting January 1

PARIS: France will push ahead with its own tax on large internet and technology companies from January 1, Finance Minister Bruno Le Maire said, as the European Union struggles to finalise a new EU-wide levy. France has been driving hard for a new so-called ‘GAFA tax’ – named after Google, Apple, Facebook and Amazon – […]

Top Glove will not take any legal action against UK’s The Guardian


KUALA LUMPUR (Dec 18):Top Glove Corp Bhd will not be taking any legal action against the UK’s The Guardian newspaper over allegations made in the latter’s news report of forced labour, forced overtime, debt bondage, withheld wages and passport confiscation at Top Glove. Top Glove chairman Tan Sri Dr Lim Wee Chai said no legal action would be taken for now as the glovemaker has a business to run. “We do not want to spend unnecessary resources, our time and energy which can be focused on running our business. We will doRead More

Sterling edges up as UK PM May reschedules Brexit vote for January

LONDON, Dec 18 ― he pound edged off 20-month lows yesterday as British Prime Minister Theresa May rescheduled a delayed vote in parliament on her Brexit plan for mid-January. Sterling, trading at US$1.26 (RM5.26), inched higher as May confirmed…

Retail stress roils European stocks, no Christmas boost in sight

LONDON, Dec 18 ― European shares tumbled yesterday when a profit warning from online fashion retailer ASOS sent retail stocks into nose-dive as investors fretted that consumers were failing to deliver the traditional pre-Christmas spending boost…

Britain’s FTSE down sharply as ASOS profit alert sparks wider retail selloff

LONDON, Dec 18 ― UK shares fell sharply yesterday, as a profit warning from online fashion store ASOS reverberated across Europe and reinforced woes about slow sales during the busy holiday season, adding to a pre-Christmas gloom and worries over…

UK signs air service deal with Switzerland for post-Brexit flights

LONDON: British transport minister Chris Grayling will sign an agreement with Switzerland to ensure air services continue to operate between the two countries after Brexit. Britain is due to leave the European Union in March next year, but uncertainty over how, or even if, Brexit will happen has increased the possibility of the country exiting […]

China trade steps seen as a good start, but more needed

WASHINGTON: The United States has welcomed Chinese concessions since the two declared a trade war truce in early December, but trade experts and people familiar with negotiations say Beijing needs to do far more to meet US demands for long-term change in how China does business. US President Donald Trump and his Chinese counterpart, Xi […]