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Higher sales boost BMW’s earnings in 2023

Deliveries of fully-electric cars accounted for around 15% of BMW’s total sales, as the shift towards lower-emissions vehicles gathers pace. (BMW pic) FRANKFURT: German luxury carmaker BMW said today that it had met its 2023 targets after pre-tax profits were boosted by improved sales, with electric vehicles “a key growth driver”. The group said it delivered more than 2.5 million cars last year, 6.4% more than a year ago. Group […]

today14 March 2024

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China says US TikTok vote follows ‘logic of a bandit’

TikTok’s alleged subservience to Beijing’s ruling Communist Party has fuelled concern in Western capitals. (Unsplash pic) BEIJING: China on Thursday slammed the approval of a US bill that would ban TikTok unless it severs ties with its Chinese parent company, blasting Washington’s “bandit” mentality and vowing Beijing would “take all necessary measures” to protect the interests of its companies overseas. The short-video app has soared in popularity worldwide but its […]

today14 March 2024

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Black bankers lose UK race discrimination claim against Barclays

Two of the bankers succeeded with a claim that Barclays had failed to make reasonable adjustments for their disabilities. (File pic) LONDON: Three Black bankers, who sued Barclays for a combined £52.8 million (US$66.7 million) in London over allegations that included race discrimination, harassment, victimisation and whistleblower detriment, have largely lost their case. In a near 460-page judgment, the East London Employment Tribunal dismissed the bulk of claims brought by […]

today14 March 2024

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AK Nathan’s Eversendai surges 90% after bagging projects worth RM5.4bil

Eversendai founder AK Nathan said the company had undergone a very challenging period in the last few years. (Facebook pic) PETALING JAYA: Things are looking up again for Eversendai Corp Bhd, whose shares surged 90% after announcing today it had snapped up four new projects worth RM5.4 billion in Saudi Arabia, the United Arab Emirates (UAE) and India. At 3.47pm, its share price jumped 9.5 sen or 46.22% to 31 […]

today13 March 2024

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