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High-income countries may emerge from the COVID-19 crisis with very little scarring, while the developing countries’ economic outlook, particularly the poor of them, looks much worse. That’s what the IMF sees in its latest research. On this topic and on how the world avoided a systemic debt crisis amid the ...

Mercedes-Benz Cars sold 590,999 passenger cars (+22.3%) in the first quarter of 2021 driven by China and US retail sales as well as strong demand for plug-in hybrids and all-electric vehicles. In Europe, one in four cars sold by Mercedes-Benz and smart was an xEV. Globally, plug-in hybrids and all-electric ...

In the fight against the corona virus pandemic and in a bid to speed up the vaccination campaign in the Rems-Murr district, the head of the district’s council, Dr Richard Sigel, has joined forces with Baden-Württemberg’s Ministry for Social Affairs and drawn up a unique concept within the State of ...

Tiggo 8 Pro has received the top award-“Annual Innovation Award” in recognition of its outstanding quality and innovative technologies. The award was given at the “2020 China Auto Award Ceremony”, hosted by China Media Group (CMG),  in Beijing on January 20. Through the selection, CMG, China’s most influential national media agency, ...

The global economy is finally emerging from the worst phases of the COVID-19 pandemic, although with prospects diverging starkly across regions and countries, the IMF says in its Global Financial Stability Report unveiled Tuesday (April 6) in Washington, DC. IMF says the global economy is projected to grow at 6 ...

The all-new Toyota GR 86 made its world debut Tuesday at an online event hosted by Toyota Gazoo Racing and Subaru Corporation. Toyota’s newest sports car becomes the third model in its global GR portfolio, joining the widely acclaimed GR Supra and GR Yaris. GR 86 inherits the essential fun-to-drive ...

The London Concours will have a class entirely dedicated to Iconic British Designs, as well as the Brits behind them. The curated collection forms one of three special London Concours features for 2021, sitting alongside a further seven classes for a total of nearly 100 rare and exotic vehicles on ...

David Brown Automotive readies the full unveil of the ultra performance-focused Mini Remastered, Oselli Edition to take to the roads – or the racetrack – for the first time David Brown Automotive is getting ready to mark the start of production of their new Mini Remastered, Oselli Edition model– the ...

As Nissan confirms commitment to championship until 2026. The Nissan e.dams team is kicking off the first European leg of the new ABB FIA Formula E World Championship season with a double-header event in Rome this weekend. Two Rome E-Prix races, rounds three and four of season seven (2020-21) of ...

In this interview with Oxford Business Group, Taofik Adegbite, CEO, Marine Platforms,  speaks on how Nigeria’s oil and gas sector has mitigated the effects of Covid-19. Excerpts. In what ways do you expect the Petroleum Industry Bill (PIB) to boost Nigeria’s oil and gas sector? We are hopeful that the ...