The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
Drone strikes attacked an oil processing facility at Abqaiq and the nearby Khurais oil field on Saturday.Marketsread more
Trump said oil would be released if needed to keep the market well supplied and he would expedite the approval of pipelines in Texas and other states.Marketsread more
Saudi Aramco is aiming to restore by Monday about a third of its crude output that was disrupted after drone attacks on two key oil facilities, The Wall Street Journal...Marketsread more
Apple's new iPhones can still send texts, download apps, and make video calls, but the company spends a lot of time and effort marketing its new phones as powerful photography...Technologyread more
Some U.S. manufacturers say tariffs, if targeted, will help address longstanding unfair trade practices like intellectual property theft.Traderead more
Supporters of a $15 minimum wage ballot initiative in Florida argue the state's inflation-tied pay hikes have not gone far enough.2020 Electionsread more
Saudi Arabia shut down half its oil production Saturday after drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's Houthi rebels.Politicsread more
Trusii's hydrogen water machines were supposed to help users with their health problems, but customers claim the company is involved in a giant scam.Technologyread more
The decoupling of the world's two weightiest economies seems as inescapable as its extent and global impact remains incalculable.Politicsread more
BlackBerry has reinvented itself to become a leader in securing mobile communications and in embedded communications. Next year it plans to roll out new products. CEO John...Evolveread more
Nissan Motor Co Ltd will appoint its chief executive, Carlos Ghosn, as chairman of Mitsubishi Motors Corp as Japan's second-biggest automaker is set to buy 34 percent of its smaller peer, the Nikkei newspaper reported on Wednesday.
Ghosn, who also serves as CEO of Renault SA, Nissan's alliance partner, has asked Mitsubishi Motors Chairman and President Osamu Masuko to remain president when Nissan takes a controlling stake in an automaker recovering from a mileage-cheating scandal, the Nikkei reported.
Spokespeople at both companies declined to comment. Shares of Mitsubishi Motors rose as much as 10 percent after the report.
Nissan in May said it would buy control of Mitsubishi for around 237 billion yen ($2.3 billion) after Mitsubishi admitted to falsifying the mileage on four minivehicle models, including two produced for Nissan.
The admission prompted a sell-off of Mitsubishi Motors shares.
In August, Mitsubishi Motors was also found to have overstated the mileage of eight additional models, including the Pajero and Outlander sport utility vehicle. The automaker blamed poor communication, lax governance and internal pressure for its lack of compliance.
After Nissan's purchase is finalised, Mitsubishi group companies - trading house Mitsubishi Corp, Mitsubishi Heavy Industries Ltd and Bank of Tokyo-Mitsubishi UFJ - will see their total shareholding diluted to around 17 percent.
Nissan has said it will refrain from selling its stake to a non-group company for 10 years without Mitsubishi Motors' consent.
Mitsubishi Motors will make a formal decision on executive appointments after a shareholder meeting in December, the Nikkei reported. Nissan is set to close the deal by the end of the year ($1 = 103.6800 yen).