Auto Industry News
Russian Importers Seek Deals With India's Smaller Firms To Sidestep Sanctions
Russian importers are reaching out to small Indian businesses to secure fresh produce, auto parts, medical devices and other key goods that are growing scarce due to international sanctions, people familiar with the matter in both Russia and India said.
Hungary's Orban Says EU Summit Should Not Discuss Oil Sanctions Next Week
May 31, 2022 08:10 PM
The EU's proposed new sanctions against Russia, including an oil embargo, should not be discussed at next week's summit of the bloc's leaders, Hungarian Prime Minister Viktor Orban said in a letter to the President of the European Council.
Two Senior Grab Executives Quit As Company Rejigs Unit To Stem Losses - Report
May 31, 2022 08:07 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.
Analysis-How The Ukraine Conflict Is Reshaping Global Oil Markets
May 31, 2022 08:02 PM
Russia'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.
EU, Resolving A Deadlock, In Deal To Cut Most Russia Oil Imports
May 31, 2022 07:59 PM
European 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.
Mexico Accepts U.S. Request For Labor Probe Into Panasonic
May 31, 2022 07:56 PM
Mexico'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.
EU Leaders Agree "In Principle" On Russia Oil Embargo - Report
May 31, 2022 07:53 PM
EU leaders have reached an agreement "in principle" on banning oil imports from Russia, European Commission chief Ursula von der Leyen said early on Tuesday.
China Unveils Detailed Stimulus Policies To Support Virus-Hit Economy
May 31, 2022 07:49 PM
China'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.
Sri Lankan Woman Rickshaw Driver Has To Queue 12 Hours, Or More, For Fuel
May 31, 2022 07:46 PM
Lasanda Deepthi, a 43-year-old Sri Lankan woman, plans her day around fuel queues.
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