MUNICH: BMW CEO Harald Krueger said the big investments needed for next-generation drivetrains and digital business models were likely to spur further consolidation in the wake of PSA Group's purchase of Opel from General Motors. "The…
ROME: The head of the OPEC oil cartel has warned that sharp cutbacks in investment by petroleum firms poses a threat for future supplies.
LONDON/SHANGHAI: A Chinese magnate has agreed to buy historic English football club Aston Villa, the latest in a series of investments from China into football worldwide as President Xi Jinping looks to make the country a global powerhouse…
QUETTA: Pakistan handed hundreds of hectares of land over to China Wednesday for development of a special economic zone in the port of Gwadar, part of a $46 billion project giving Beijing greater access to the Middle East, Africa and…
BERLIN: Volkswagen's flagship Audi division is to increase spending on new models, plants and technology through 2019 to push its goal of surpassing German rival BMW as the world's largest luxury-car manufacturer.