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Global Events

17 February 05:13 PM GM to withdraw from Australia, New Zealand, Thailand
Mubasher: General Motors announced that it would shut down its sales, design, and engineering operations in Australia and New Zealand by 2021.
9 February 06:32 PM Toyota partners with Panasonic to develop car batteries
Mubasher: The Car manufacturer Toyota has partnered with Panasonic to form the joint venture (JV), ‘Prime Planet Energy & Solutions’, to manufacture car batteries.
5 February 06:08 PM UK to ban diesel, gasoline cars by 2035
Mubasher: The UK government plans to bring forward the end of sales of the new diesel, petrol (gasoline), and hybrid vehicles by 2035.
2 February 05:31 PM Lincoln partners with Rivian to produce first fully electric vehicle
Mubasher: Lincoln has partnered with Rivian to develop an all-new electric vehicle, which is part of the previously announced Ford Motor’s original investment in Rivian.
30 January 06:08 PM Renault-Nissan-Mitsubishi announces new management framework
Mubasher: Renault-Nissan-Mitsubishi alliance has set a new framework to improve the ability of strengthening its management structure.
23 January 05:01 PM ‘Jatri’ app seeks to attract MENA investors to Bangladesh
Mubasher: Jatri has raised an undisclosed amount of seed funding backed by Dubai-based Falcon Network and Tahseen Consulting as well as other global angel investors.
19 January 05:56 PM Huawei ranks 5th biggest investor in R&D globally
Mubasher: Huawei came in the fifth position for being one of the world’s biggest investors in research and development (R&D) in 2019.
16 January 05:50 PM Isuzu partners with Honda for hydrogen fuel-cell technology
Mubasher: Isuzu and Honda have penned an agreement to conduct a joint research and development (R&D) on hydrogen fuel-cell powered heavy-duty trucks, according to GlobalData.
14 January 05:52 PM Volvo Cars’ 2019 sales hit highest levels in history
Mubasher: Volvo Cars broke the 700,000 sold cars level for the first time in its history, with a total of 705,452 sold cars.
10 January 10:09 PM Gold rises $5.8 at Friday’s settlement   
Mubasher: Gold prices settled higher on Friday, gaining 0.5% for the week.  
7 January 05:35 PM Do you know features set for Hyundai-Uber Air vehicle?
Mubasher: Hyundai Motor Company has been working with Uber Elevate to develop a Personal Air Vehicle (PAV) model, S-A1.
7 January 04:49 PM Renault, Otodo develop solution to link cars with home objects
Mubasher: Renault, in collaboration with Otodo, has developed a new solution which enables automatic and secure interaction and communication between cars and home objects.
3 January 10:03 PM Gold settles $24.3 higher on Friday
​​​​​​​Mubasher: Gold prices surged at Friday’s settlement, gaining 2.3% for the week, as tensions rise in the Middle East.
2 January 04:53 PM DXC’s Luxoft Joins Microsoft ‘Connected Vehicle Platform’ ecosystem
Mubasher: Luxoft recently announced the expansion of its collaboration with Microsoft to fast-track the delivery of connected vehicle solutions and mobility experiences.
13 December 2019 10:45 PM Gold levels up $9 at Friday’s end, records weekly gain
Mubasher: Gold prices grew at Friday’s settlement, rising 1.1% for the week.
6 December 2019 10:38 PM Gold settles $18 lower on Friday  
​​​​​​​Mubasher: Gold prices dropped at Friday’s settlement, losing 0.5% for the week.
5 December 2019 07:53 PM Ten wild predictions that could change global economy in 2020
3 December 2019 05:15 PM Amazon: Cyber Monday 2019 is single biggest shopping day
Mubasher: Amazon revealed that Cyber Monday this year was once again the single biggest shopping day in its history, according to BusinessWire.
3 December 2019 01:47 PM Volvo becomes licensee of Avanci Marketplace
Mubasher: Avanci has entered into a patent license agreement with Volvo to increase the total number of the auto brands licensed through the Avanci marketplace.
3 December 2019 01:36 PM Get to know about challenges facing organic food supply chains
Mubasher: Organic food industry has been seeing more popularity and higher demand over the past few years.
2 December 2019 01:41 PM AutoStore to reshape retail industry via robotic cube-based solution
Mubasher: AutoStore has offered high-density storage solution to change and stock inventory at speed while delivering goods to customers as quickly as possible, BusinessWire reported.
2 December 2019 11:59 AM S&P: One-third of rated automakers, suppliers have negative outlook 
Mubasher: S&P expected a negative directional pressure on ratings for automakers and suppliers due to weakened market momentum and no signs of an upturn.
1 December 2019 05:50 PM US online shopping records $7.4bn during Black Friday   
Mubasher: Black Friday shoppers set an online spend record at $7.4 billion during the second largest Internet shopping day ever, CNBC reported citing Adobe Analytics.
1 December 2019 01:44 PM Seedland brings China’s first autonomous commuter vehicle 
Mubasher: Seedland Group introduced the first (UGV) into Chinese residential communities through the autonomous vehicle for smart communities, Hachi Auto, in early November 2019.
28 November 2019 05:38 PM DAMAC Chairman’s private firm acquires Italy’s brand icon Roberto Cavalli
Dubai – Mubasher: Hussain Sajwani, the chairman of the Dubai-based DAMAC Properties has sealed a takeover deal of the Italian fashion group Roberto Cavalli SpA.