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Corporate News 26 Mar 2017 | 10:48 PM

Uber suspends self-driving car programme after Arizona crash

Uber Technologies Inc suspended its pilot programme for driverless cars on Saturday after a vehicle equipped with the nascent technology crashed on an Arizona roadway, the ride-hailing company and local police said.

Banking 21 Mar 2016 | 6:36 AM

How China asked the Fed for its stock crash play book

WASHINGTON: Confronted with a plunge in its stock markets last year, China's central bank swiftly reached out to the US Federal Reserve, asking it to share its play book for dealing with Wall Street's "Black Monday" crash of 1987.

Business 14 Sep 2010 | 12:00 AM

NZ limits passengers after fatal skydiving crash

WELLINGTON, New Zealand: New Zealand aviation officials urgently imposed passenger limits on certain skydiving flights Tuesday but said the directive was a precaution and not confirmation that overloading caused a recent fatal crash.

Business 17 May 2009 | 12:00 AM

Commuter crash raises pay, work conditions issues

WASHINGTON (AP): The investigation into the commuter plane crash in upstate New York that killed 50 people in February has exposed the long hours and low pay of some U.S. regional airline pilots. Lawmakers now are wondering if such working conditions are more widespread and pose safety risks.

Business 03 May 2014 | 12:00 AM

Story behind penny stock crash

THIS week’s crash of four small-cap stocks which dented sentiment across the local bourse has the market abuzz about a foreign market personality by the name of Christian Kwok-Leun Yau Heilesen (pic).

Corporate News 18 Jul 2014 | 11:29 AM

MH17 Crash: MAS jet crash insurance may pose quandary

NEW YORK: Insurance on the Malaysian airliner brought down over Ukraine on Thursday is likely to pay out relatively quickly, provided that the cause of the crash is firmly determined, but observers say insurance for the loss of 295 lives and other liability will likely be complex and lengthy.

Corporate News 24 Aug 2016 | 11:54 AM

PetroChina ekes out profit amid oil crash with pipeline sale

HONG KONG: PetroChina Co.,the country’s biggest oil and gas producer, posted its smallest half-year profit since it was publicly listed in 2000 as the crash in oil prices continues to drag on earnings.

Property 09 Mar 2016 | 8:51 AM

Property sector will not crash

PETALING JAYA: The property sector is not heading towards a crash, according to the Real Estate and Housing Developers Association (Rehda).

Business 19 Sep 2010 | 12:00 AM

Toyota settles suit over high-profile California crash

SANTA ANA, California (AP): Toyota Motor Corp. has settled a lawsuit brought by relatives of four family members killed in a high-speed crash near San Diego that galvanized attention around safety flaws of Toyotas and led to the recalls of millions of cars.

Business 24 Dec 2010 | 12:00 AM

Toyota to pay US$10mil in runaway Lexus crash

LOS ANGELES: Toyota Motor Corp. agreed to pay US$10 million to the family of four people killed in a runaway Lexus crash that led to recalls of millions of the automaker's vehicles, attorneys said Thursday.