Date
15 September 2019

Industrials and Utilities

  • Smoke billows from an Aramco factory in Abqaiq, Saudi Arabia, on Saturday. Photo: Screenshot from video obtained by Reuters via Reuters

    Attacks knock out half of Saudi oil supply

    Sep 15, 2019 9:07am
    Yemen’s Iran-aligned Houthi group said it attacked two plants at the heart of Saudi Arabia’s oil industry on Saturday, knocking out more than half the Kingdom’s output, in a move expected to send oil prices soaring...
  • Following a slide in passenger numbers in the wake of the social disturbances in Hong Kong, Cathay is seeking to cut costs in various ways. Photo: Reuters

    Cathay Pacific freezes new hiring, to focus on cost cuts

    Sep 12, 2019 3:13pm
    Cathay Pacific Airways has put a freeze on new hiring as it battles a slump in demand from fliers avoiding Hong Kong amid the months-long civil unrest in the city, Reuters reports. In a memo to staff...
  • Nissan Motor CEO Hiroto Saikawa expressed regret for his failure to turn around the automaker. Photo: Reuters

    Nissan CEO Saikawa to step down on Sept 16

    Sep 10, 2019 9:30am
    Nissan Motor chief executive Hiroto Saikawa will resign on Sept. 16, bowing to pressure after he admitted to being improperly overpaid and marking further upheaval at a company battered by scandal and plunging profits, Reuters reports....
  • Nissan CEO Hiroto Saikawa has reportedly told some executives of his intention to step down after he admitted to improper compensation. Photo: Kyodo via Reuters

    Nissan starts vetting candidates to replace CEO Saikawa: report

    Sep 9, 2019 3:49pm
    Nissan Motor’s nominations committee was set to discuss potential successors for Hiroto Saikawa at a meeting on Monday as pressure deepened on the embattled chief executive after he admitted to improper compensation, Reuters reports, citing a...
  • British Airways said a strike action by its pilots over a pay dispute is unjustifiable. Photo: Reuters

    BA pilots ground planes in 48-hour strike over pay dispute

    Sep 9, 2019 9:48am
    British Airways (BA) pilots began a 48-hour strike on Monday, grounding most of the airline’s flights and disrupting thousands of travelers’ plans in unprecedented industrial action over a pay dispute, Reuters reports. The British Airline Pilots...
  • Employees work on a robot vacuum cleaner production line at a factory of Matsutek in Shenzhen. Photo: Reuters

    Chinese firms hit hard by US tariffs build up domestic brands

    Sep 6, 2019 10:36am
    For over a decade, manufacturer Matsutek plied away at building its business with big Western brands, supplying firms such as Philips and Honeywell with products made in its Chinese factories for the US and other overseas...
  • The Brazilian court ruling bolsters Uber's business model in its second-largest market. Photo: Bloomberg

    Brazil court rules Uber drivers are freelancers, not employees

    Sep 5, 2019 9:34am
    A Brazilian high court has ruled that Uber drivers are not employees of the mobile ride-hailing company, a decision that bolsters its business model in its second-largest market. The ruling by Superior Court of Justice, known...
  • Cathay chairman John Slosar (pictured) will be replaced by Patrick Healy, a long-time executive at Swire Pacific. Photo: Reuters

    Cathay chairman Slosar resigns weeks after CEO departure

    Sep 4, 2019 6:18pm
    Cathay Pacific Airways (00293.HK) chairman John Slosar resigned on Wednesday, less than three weeks after mounting Chinese regulatory scrutiny led to the shock departure of its chief executive, Reuters reports. The airline has become the biggest...
  • Tesla’s Autopilot was engaged during at least three fatal US crashes, including a March 2018 incident in Delray Beach, Florida. Photo: Reuters

    Tesla Autopilot on, driver’s hands off wheel in crash: US agency

    Sep 4, 2019 9:54am
    The US National Transportation Safety Board (NTSB) has said that a Tesla Model S was in Autopilot mode and the driver’s hands were off the wheel when it struck a fire truck in Culver City, California,...
  • Didi aims to deploy 30 different types of car models in a trial robotaxi service in a Shanghai district. Photo: Reuters

    Didi to launch self-driving pickup service in Shanghai

    Aug 30, 2019 3:52pm
    Chinese ride-hailing giant Didi Chuxing plans to start using self-driving vehicles to pick up passengers in a Shanghai district in a pilot scheme, Reuters reports. The service will allow customers who hail a vehicle in Shanghai’s Jiading...
  • Waymo has urged the US auto safety agency to 'promptly' remove barriers to autonomous vehicles while ensuring safety. Photo: Reuters

    Waymo urges US to remove barriers to self-driving cars

    Aug 30, 2019 9:09am
    Waymo, the self-driving car unit of Google parent Alphabet, has urged the National Highway Traffic Safety Administration (NHTSA) in the United States to “promptly” remove regulatory barriers for self-driving cars, Reuters reports. “NHTSA should move promptly...
  • Former Google and Uber engineer Anthony Levandowski (L) leaves a federal court in San Jose, California after his arraignment hearing on Tuesday. Photo: Reuters

    Ex-Google engineer charged with self-driving car secrets theft

    Aug 28, 2019 9:41am
    Anthony Levandowski, a pioneer in self-driving car technology, was criminally charged on Tuesday with stealing trade secrets from his former employer Google before joining rival Uber Technologies, Reuters reports. The 33-count indictment made public by the...
  • Grab president Ming Maa said Vietnam ranks third or fourth among the company’s top markets. Photo: Reuters

    Ride-hailing firm Grab plans major investment in Vietnam

    Aug 26, 2019 9:28am
    Singapore-based ride-hailing firm Grab is set to invest “several hundred million dollars” in Vietnam where the company sees its next major growth market, just weeks after it unveiled a US$2 billion plan in Indonesia, Reuters reports....
  • Rebecca Sy speaks at a news conference on Friday after her abrupt dismissal by Cathay Pacific Airways over social media posts believed to be linked to Hong Kong's ongoing anti-government protests. Photo: Bloomberg

    Cathay urged to end ‘white terror’ as it sacks another staffer

    Aug 23, 2019 5:59pm
    Trade unions in Hong Kong have called on Cathay Pacific Airways to put an end to “all forms of white terror”, as news surfaced that the carrier has sacked another employee in suspected retaliation for involvement...
  • Boeing’s latest 737 narrow-body model, the MAX, has been grounded worldwide since March. Photo: AFP

    FAA inviting global Boeing 737 MAX pilots to simulator tests

    Aug 23, 2019 10:12am
    The US Federal Aviation Administration said it will invite Boeing 737 MAX pilots from across the world to participate in simulator tests as part of the process to recertify the aircraft for flight following two fatal...
  • The plan will deepen the alliance between Daimler and its Chinese truck JV partner Beiqi Foton. Photo: Reuters

    Daimler to make Mercedes Benz heavy trucks in China: report

    Aug 22, 2019 11:06am
    German automaker Daimler AG plans to build Mercedes Benz-branded heavy trucks in China by revamping truck plants owned by its local joint venture, Reuters reports, citing a document it has seen and two sources familiar with...
  • BYD aims to move to completely electric-powered vehicles. Photo: Bloomberg

    BYD profit triples as China electric car boom continues

    Aug 22, 2019 7:39am
    Chinese electric car maker BYD Co. Ltd. (01211.HK, 002594.CN) posted a 203.6 percent rise in first-half profit as the country’s new energy vehicle market continues to surge. The Shenzhen-based company, which is backed by US investor Warren...
  • Investors are nervous about General Electric because the conglomerate is expected to lose as much as US$1 billion in cash this year and has slashed its dividend and profit forecast. Photo: Reuters

    GE fortifies defense against charges of bogus accounting

    Aug 20, 2019 9:03am
    General Electric Co. reinforced its defense of its accounting practices after investors asked more questions about an unusual research report last week that accused the jet engine and power plant maker of financial fraud, Reuters reports....
  • A United Launch Alliance Atlas 5 rocket lifts off from the Cape Canaveral Air Force Station in Cape Canaveral, Florida, on Aug. 8. Photo: Reuters

    US plans first mission to land on moon since Apollo

    Aug 20, 2019 7:53am
    The first American spacecraft expected to land on the moon in nearly 50 years will be an unmanned robotic lander built by closely held Astrobotic Technology Inc. and launched in two years by United Launch Alliance’s...
  • Rupert Hogg has resigned as Cathay chief executive following a week of scrutiny by the Chinese aviation regulator. Photo: Bloomberg

    Cathay Pacific CEO quits amid China scrutiny over protests

    Aug 16, 2019 6:05pm
    Cathay Pacific Airways (00293.HK) said chief executive Rupert Hogg has resigned in a surprise announcement, amid mounting Chinese regulatory scrutiny of the Hong Kong flag carrier over the involvement of its employees in the city’s protests....