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Nokia declares war in US smartphone market

Nokia has declared war in the US smartphone market, with a Microsoft-powered handset tailored to take on Apple iPhones and Google-backed Android devices.Microsoft chief executive
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Manufacturer giant buys Italy’s Ferretti



A Chinese heavy equipment manufacturer has agreed to pay 374 million euros (USD 477 million) for control of debt-laden Italian luxury yacht maker ...
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Duties not a problem for GM

China’s punitive anti-dumping duties imposed on luxury cars from abroad have had little impact on General Motors’ business there, a top GM executive said Monday.Although ...
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VW nears n.1 ranking: 8 million sales

Germany’s Volkswagen sold more than eight million vehicles worldwide in 2011, possibly enough to grab the top spot among global automakers for the first time, ...
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Asian markets mixed on Europe fears, US jobs

Asian markets were mixed yesterday as worries over the eurozone debt crisis were tempered by better-than-expected US jobs data, while the under-pressure euro touched fresh ...
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GM posts record China sales in 2011

US auto giant General Motors said yesterday its sales in China hit a record high in 2011, despite a broader slowdown in the world’s largest ...
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Merkel, Sarkozy, year of eurozone wrangling

German Chancellor Angela Merkel hosts French President Nicolas Sarkozy today, kicking off a week of high-level talks to lay the groundwork for a crunch EU ...
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Olympus should sue corrupt executives

Scandal-hit Olympus’ in-house panel has ruled that the firm should sue current and former executives for damages caused by their decision to hide massive investment ...
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China bank lending higher in December

Chinese banks ramped up lending at the end of 2011, official data showed yesterday, after Beijing relaxed credit restrictions and ordered banks to ...
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Chinese resort planned for rural Wales

Developers are planning to create a luxury holiday resort in rural Wales designed specifically for Chinese tourists, with the aim of bringing 20,000 to the ...
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