Business

BMW recall delay contributed to driver death, finds inquest

By The Frontier Post | June 9, 2018

LONDON (BBC News): BMW’s delay in recalling UK cars with an electrical fault contributed to a driver’s death, an inquest has found. The firm only recalled cars in the UK after Narayan Gurung died when his Ford Fiesta crashed into a tree to avoid a broken-down BMW on Christmas Day 2016. The Driver and Vehicle…

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ZTE apologizes after paying disastrous price

By The Frontier Post | June 9, 2018

SHENZHEN (Reuters): The chairman of ZTE Corp apologized to staff and customers on Friday after the Chinese technology firm agreed to pay a $1 billion fine to the United States to end a supplier ban that has crippled its business. The deal allows China’s second-largest telecoms equipment firm to restart operations, reaffirm supplier relationships and…

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World stocks dip as central bank talk, trade, dull risk appetite

By The Frontier Post | June 9, 2018

LONDON (Reuters): World stocks slipped on Friday as expectations that trade tensions will dominate this weekend’s summit of G7 countries and renewed talk of monetary tightening by major central banks weighed on risk sentiment. The MSCI All-Country World index.MIWD00000PUS, which tracks shares in 47 countries, was down nearly half a percent by afternoon in Europe,…

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