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Audi CEO Stadler taken into custody in diesel probe

Audi CEO Stadler taken into custody in diesel probe

Munich prosecutors, who have been investigating Audi’s role in the 2015 scandal, confirmed they arrested the manager in the Bavarian capital because of risk he may tamper with evidence. Rupert Stadler, chief executive officer of Audi AG. (Bloomberg pic) MUNICH: German authorities have taken Rupert Stadler, chief executive officer of Volkswagen AG’s Audi unit, into […]

June 18, 2018 | By | Reply More
Oddly enough, self-driving tech may be ruining the Tesla Model S

Oddly enough, self-driving tech may be ruining the Tesla Model S

Tesla’s sales strategy—and its current pricing structure—is aimed squarely at attracting everyone besides people who love the act of driving: commuters, tech-nerds, first-adopters, wealthy Californians keeping up. Tesla has been gradually upgrading its Autopilot features with regular software updates. Musk has said the latest Autopilot with lane-merging will be updated in August. (Bloomberg pic) NEW […]

June 18, 2018 | By | Reply More
ibis Kuala Lumpur City Centre opens August 2018

ibis Kuala Lumpur City Centre opens August 2018

ibis, the midscale brand from AccorHotels, is set to make its debut in Kuala Lumpur with the opening of ibis Hotel Kuala Lumpur City Centre this August. Located just a short walking distance from the heart of KL City Centre, the latest establishment from the reputable hotel group will be the perfect destination for travelers […]

June 18, 2018 | By | Reply More
Branson’s Virgin Money to be bought by CYBG for USD2.3 billion

Branson’s Virgin Money to be bought by CYBG for USD2.3 billion

The purchase of the Richard Branson-backed bank gives consumer and business lender CYBG greater scale, potential cost savings and access to the firm’s presence on the high street. A man checks his phone as he walks past a branch of Virgin Money in Manchester, Britain. (Reuters pic) LONDON: CYBG Plc agreed to buy Virgin Money […]

June 18, 2018 | By | Reply More
Tales of corporate waste inside Rolls-Royce’s web of dysfunction

Tales of corporate waste inside Rolls-Royce’s web of dysfunction

The tales of corporate largess that Harry Holt, a former commanding officer in the British army, told an audience of investors on Friday highlight how Britain’s flagship manufacturer has more to do than cut jobs. A Rolls-Royce logo is seen at the company’s aerospace engineering and development site in Bristol, Britain. (Reuters pic) LONDON: Three […]

June 18, 2018 | By | Reply More
China’s Huawei rebuts Australian security concerns amid Sino-Canberra tensions

China’s Huawei rebuts Australian security concerns amid Sino-Canberra tensions

Australia is likely to ban Huawei from participating in a 5G mobile telecommunications roll-out in the nation as it fears the company is de facto controlled by China and sensitive infrastructure will fall into the hands of Beijing. The Huawei logo is seen during the Mobile World Congress in Barcelona, Spain, February 26, 2018. (Reuters […]

June 18, 2018 | By | Reply More
Colony and Prudential in partnership

Colony and Prudential in partnership

Colony, a co-working space and serviced office provider, partners with Prudential Assurance Malaysia Berhad to allow PRUbiz beyond customers to enjoy exclusive services offered by Colony. PRU biz beyond is a business solution offered by Prudential that focuses on protecting a company’s assets, including its business and people, from uncertainty and risk. Under the partnership, Prudential’s PRUbiz […]

June 18, 2018 | By | Reply More
Alibaba opens Malaysia national office, its first in Southeast Asia

Alibaba opens Malaysia national office, its first in Southeast Asia

KUALA LUMPUR: Things have come full circle for Alibaba Group founder and executive chairman Jack Ma, who once drew inspiration for his business from Malaysia’s Multimedia Super Corridor (MSC), after the launch of the Chinese e-commerce giant’s national office in Bangsar South here, its first in Southeast Asia, Monday. The Chinese magnate said that news […]

June 18, 2018 | By | Reply More
Malaysia expects more trade with China with opening of Alibaba office

Malaysia expects more trade with China with opening of Alibaba office

PETALING JAYA: Malaysia which saw a 14.7% increase in bilateral trade with China in the first five months of this year compared to a year ago, is expected to see a further boost with the opening of Alibaba’s Group’s national office and electronic world trade platform (ewtp) in Kuala Lumpur today. The total trade between […]

June 18, 2018 | By | Reply More
Singapore May home sales climb to nine-month high, report shows

Singapore May home sales climb to nine-month high, report shows

The city-state’s housing market is showing signs of recovering from a four-year slump even as officials watch cautiously after previous bouts of overheating. Public housing blocks are illuminated at dusk in the Kallang area of Singapore. (Bloomberg pic) SINGAPORE: Singapore home sales jumped to the highest in nine months in May, underscoring signs the city-state’s […]

June 18, 2018 | By | Reply More