newszine

France and Germany stand by UK over ‘massive’ Iran crisis

8 hours ago DieselGasoil Comments Off on France and Germany stand by UK over ‘massive’ Iran crisis
The French foreign ministry has called on Iran to quickly release a British-flagged oil tanker it detained on Friday afternoon. The Stena Impero and its 23 crew members were approached by unidentified small crafts and a helicopter as it passed through the Strait of Hormuz on Friday at around 4pm UK time, according to the Read More

Iran warned of ‘serious consequences’ over seizure of UK-flagged tanker

14 hours ago DieselGasoil Comments Off on Iran warned of ‘serious consequences’ over seizure of UK-flagged tanker
Jeremy Hunt has warned Iran will face “serious consequences” if it does not release a British-flagged oil tanker which was detained in the Strait of Hormuz. The foreign secretary attended a meeting of the government’s emergency committee Cobra on Friday night amid escalating tensions in the region. Following the talks, a government spokesperson said Iran’s Read More

White House to host meeting with tech executives on Huawei ban: sources

21 hours ago DieselGasoil Comments Off on White House to host meeting with tech executives on Huawei ban: sources
WASHINGTON (Reuters) – White House economic adviser Larry Kudlow will host a meeting with semiconductor and software executives on Monday to discuss the U.S. ban on sales to China’s Huawei Technologies Co Ltd, two sources briefed on the meeting said on Friday. A Huawei logo is pictured at their store at Vina del Mar, Chile Read More

BMW picks insider Zipse as CEO to catch up with rivals

2 days ago DieselGasoil Comments Off on BMW picks insider Zipse as CEO to catch up with rivals
FRANKFURT (Reuters) – BMW (BMWG.DE) has named Oliver Zipse as its new CEO, hoping the “decisive” company lifer will help the automaker regain its edge in electric cars and win back the premium market lead lost to Mercedes-Benz under his consensus-seeking predecessor. FILE PHOTO: Oliver Zipse, board member of German luxury carmaker BMW attends the Read More

BMW picks ‘decisive’ Zipse as CEO to catch up with rivals

2 days ago DieselGasoil Comments Off on BMW picks ‘decisive’ Zipse as CEO to catch up with rivals
FRANKFURT (Reuters) – BMW (BMWG.DE) named Oliver Zipse as its new chief executive late on Thursday, praising his “decisive” qualities after the carmaker lost its edge in electric cars and ceded the premium sales crown to Mercedes under his consensus-seeking predecessor. FILE PHOTO: Oliver Zipse, board member of German luxury carmaker BMW attends the company’s Read More

BMW picks ‘decisive’ new CEO to catch up with rivals

2 days ago DieselGasoil Comments Off on BMW picks ‘decisive’ new CEO to catch up with rivals
FRANKFURT (Reuters) – BMW (BMWG.DE) named Oliver Zipse as its new chief executive late on Thursday, praising his “decisive” qualities after the luxury carmaker lost its edge in electric cars and ceded the premium sales crown to Mercedes under his consensus-seeking predecessor. FILE PHOTO: Oliver Zipse, board member of German luxury carmaker BMW attends the Read More

Microsoft shares hit record highs, powered by growing cloud sales

2 days ago DieselGasoil Comments Off on Microsoft shares hit record highs, powered by growing cloud sales
(Reuters) – Microsoft Corp (MSFT.O) on Thursday beat analysts’ estimates for fourth-quarter revenue and profit, driven by continued sales increases from its cloud business and sending its shares to all-time highs. FILE PHOTO: The Microsoft sign is shown on top of the Microsoft Theatre in Los Angeles, California, U.S. October 19,2018. REUTERS/Mike Blake/File Photo Since Read More

Microsoft beats estimates, powered by growing cloud profits

2 days ago DieselGasoil Comments Off on Microsoft beats estimates, powered by growing cloud profits
(Reuters) – Microsoft Corp (MSFT.O) on Thursday beat analysts’ estimates for fourth-quarter revenue and profit, powered by continued sales increases from its cloud business and a boost from businesses upgrading Windows. FILE PHOTO: The Microsoft sign is shown on top of the Microsoft Theatre in Los Angeles, California, U.S. October 19,2018. REUTERS/Mike Blake/File Photo Since Read More

Microsoft sales beat expectations as cloud growth slows

2 days ago DieselGasoil Comments Off on Microsoft sales beat expectations as cloud growth slows
(Reuters) – Microsoft Corp (MSFT.O) beat analysts’ estimates for fourth-quarter revenue and profit on Thursday, even as sales growth began to slow for its cloud product Azure and Office software. FILE PHOTO: The Microsoft sign is shown on top of the Microsoft Theatre in Los Angeles, California, U.S. October 19,2018. REUTERS/Mike Blake/File Photo Since Chief Read More

Volvo Cars to cut costs as trade war dents profits

2 days ago DieselGasoil Comments Off on Volvo Cars to cut costs as trade war dents profits
STOCKHOLM (Reuters) – Volvo plans to cut fixed costs by 2 billion Swedish crowns ($214 million), it said on Thursday, becoming the latest carmaker to warn that pricing pressure and tariffs arising from the China-U.S. trade war were denting profitability. FILE PHOTO: A long exposure picture shows cars of Swedish automobile manufacturer Volvo displayed in Read More