Recent Posts

VW suspends Golf production amid supplier standoff

  Berlin / AFP Embattled automaker Volkswagen has been forced to suspend manufacture of the popular Golf model at its main production plant in Germany, a spokesman said on Saturday. But the decision by the car giant, locked in a legal battle with parts suppliers, will not affect its annual production target. Production of the Golf will be suspended “from ...

Read More »

Old Mutual goes bullish on pound as post-Brexit data surprise

  Bloomberg The world’s worst-performing major currency of 2016 is starting to win some friends. Old Mutual Asset Managers Plc., which oversees 327 billion pounds ($427 billion), said it turned bullish on the pound after U.K. economic data signaled the country was resilient in the wake of the June vote to leave the European Union. Sterling bulls were immediately rewarded ...

Read More »

Syria regime warplanes bomb Hasakeh despite US warnings

  Hasakeh / AFP Syrian government warplanes were in the air again on Saturday over the flashpoint northeastern city of Hasakeh, despite a US warning against new strikes that might endanger its military advisers. In another escalation of the five-year war, regime planes this week bombarded positions held by US-backed Kurdish forces in the city fighting the IS extremist group. ...

Read More »
Send this to a friend