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IN a steamy foundry behind a century-old Czech brewery, a mechanical arm pours molten aluminium into a two-story robotic mould. Within seconds, gleaming pump covers for diesel engines roll out for inspection.
In less than two weeks, the Orgnaisation of Petroleum Exporting Countries (Opec) and its allies are due to meet to decide on the next phase of their deal for managing the supply of crude oil, and therefore its price.
LONDON: Global oil demand growth is expected to slow from 2025 as fuel efficiency improves and the use of electrified vehicles increases but is unlikely to peak in the next two decades, the International Energy Agency (IEA) said.
BERLIN: Tucked between rapeseed fields and wooded hills in the Austrian countryside sits one of the remaining outposts of a frantic push by the German car industry into a pricey alternative to steel.
TOKYO: Toyota Motor Corp’s quarterly profit topped analysts’ estimates thanks to healthy sales of RAV4s in the US and Corollas at home, keeping the Japanese automaker’s business on track amid sputtering global demand for cars.
MUNICH: Daimler AG said it will intensify efforts to cut costs to manage the industry’s shift to electric vehicles after third-quarter earnings exceeded forecasts, despite weaker profitability from the Mercedes-Benz cars unit.
Even as US and China take steps toward a truce, businesses are holding back on investment
BEN Eng, 40, may be the second generation helming frozen seafood producer Fusipim Sdn Bhd, but his rise to the top was anything but an express route.
LAGOS: An Uber-like app for trucks is making it easier and cheaper for firms to move goods in Africa’s most populous nation.
KUALA LUMPUR: AmInvestment Research is maintaining its Buy call on MBM Resources (MBMR) with an unchanged fair value of RM4.05 based on a FY20F PE of nine times.