You are here

AS global shipping grapples with its worst downturn in 30 years, private equity firms are unwinding massive bets made on the sector in a move set to accelerate a restructuring of the shipping...

SOUTHERN California seaports responsible for more than 40 per cent of US imports are whittling down a three-month backlog of cargo that built up during a labour dispute, the harbour chiefs said.

DIETER Zetsche, the chief executive of Daimler, began a meeting with reporters at the Geneva International Motor Show on Tuesday by half-jokingly asking them not to spend more than half the allotted...

GLOBAL air travel (measured in revenue-passenger kilometres) eased to 4.6 per cent growth in January, down from the 5.9 per cent expansion rate seen for the whole of last year.

[BERLIN] German carmakers are shifting their focus towards high-end electric vehicles such as the Audi R8 e-tron and away from cheap city cars, in the latest effort to revive environmentally-friendly...

[FRANKFURT] Global air passenger traffic growth slowed to 4.6 per cent in January from 5.9 per cent in 2014, the International Air Transport Association said on Wednesday.

[KATHMANDU] A Turkish Airlines plane carrying 224 passengers had to be evacuated after it missed the runway on landing at Kathmandu airport on Wednesday and skidded onto nearby grassland.

SMALL and big car certificate of entitlement (COE) premiums spiked up as replacement buyers converged on showrooms last week.

[TOKYO] Toyota Motor Corp promoted a French national and an American woman to unprecedented executive roles at the world's largest automaker, marking a shake-up in management ranks predominantly...

[OSLO] Norwegian Air plans to bring in planes and staff to try and keep some of its European routes running on Wednesday as a strike by pilots over pay at the low-cost carrier escalated.