Auto Industry News
Analysis-How The Ukraine Conflict Is Reshaping Global Oil Markets
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.
EU Bans Most Russian Oil; Zelenskiy Calls Donbas Situation 'Extremely Difficult'
May 31, 2022 07:33 PM
European Union leaders agreed to ban most imports of Russian oil to the 27-nation bloc as Ukrainian and Russian forces battled on the outskirts of Sievierodonetsk, the last city still held by Kyiv in Ukraine's strategic Luhansk province.
Israel Signs Major Trade Deal With Gulf State UAE
May 31, 2022 07:28 PM
The council predicts there will be almost 1,000 Israeli companies working in or through the UAE by the end of the year doing business with South Asia, the Far East and Middle East.
Oil Prices Extend Gains After EU Bans Most Russia Oil Imports
May 31, 2022 07:20 PM
European Union leaders agreed in principle to cut 90% of oil imports from Russia by the end of 2022