Govt deregulates diesel after petrol, HOBC Pakistan Press Club ISLAMABAD: The Petroleum Division of the Ministry of Energy on Saturday deregulated diesel after petrol and HOBC. The approval of deregulation of these petroleum products was given in the first week of October during the meeting of the Economic Coordination Committee of Cabinet (ECC) which was…
GM venture to recall nearly a million vehicles in China BEIJING (Pakistan Press Club) – One of General Motors Co’s (GM.N) China ventures will recall nearly a million vehicles due to fuel tank problems, the country’s quality watchdog said on Friday, the latest in a spate of major auto recalls in China over the last…
Fiat Chrysler CEO says in talks with Hyundai on tech partnership ARESE, Italy (Pakistan Press Club) – Fiat Chrysler Automobiles (FCHA.MI) (FCAU.N) is in talks with South Korea’s Hyundai (005380.KS) about a technical partnership, but there are no merger talks between the two, FCA Chief Executive Sergio Marchionne said on Saturday. FCA is…
American Air reaches deal with pilots over scheduling error NEW YORK (Pakistan Press Club) – American Airlines has reached an agreement with its pilots union over premium pay for some December flights, both groups said on Friday, after a scheduling snafu gave too many pilots holiday time off and sent the airline scrambling to correct…
Unilever CEO defends balance between growth, margin Unilever, CEO (Pakistan Press Club – New Jersey, Business Desk) – Unilever (ULVR.L) (UNc.AS) Chief Executive Paul Polman on Thursday defended his balancing of growth and margin, weighing in passionately after a weak third quarter on a debate sparked by this year’s unwanted approach from Kraft-Heinz (KHC.O).…
Nissan’s Japan car sales slide for second month after compliance scandal TOKYO (Pakistan Press Club) – Nissan Motor Co’s (7201.T) sales of domestic passenger cars fell by almost half in November – its second straight month of slides in the wake of a compliance scandal and its first since it resumed production of cars for…
Hundreds of American Air flights still lack pilots in December NEW YORK (Pakistan Press Club) – American Airlines still has hundreds of flights without pilots assigned to them in December, the company said on Thursday, after a scheduling error gave too many pilots time off. The number of flights that remain pilotless is now “a…
Bank of France warns on bitcoin speculation PARIS (Pakistan Press Club) – Bitcoin is a speculative asset and people who invest in it do so at their own risk, the Bank of France Governor Francois Villeroy de Galhau warned on Friday after recent volatile trading. “We need to be clear: bitcoin is in no way…
At North Korean hub in China, uncertainty looms for Pyongyang-backed businesses SHENYANG, China (Pakistan Press Club) – North Korean-owned businesses such as the Chilbosan Hotel in Shenyang, the biggest city in northeastern China, face an uncertain future as United Nations sanctions against Pyongyang-owned overseas businesses loom. For now, the hotel is a slice of North…
Amazon’s Alexa will soon offer personalized responses! The new capability is being tested by a handful of developers and will be more widely available next year. Pakistan Press Club – web desk, Islamabad. Amazon’s Alexa robot last month gained the ability to recognize different voices. Now Amazon is taking that feature a step further,…
