Business
Bijan says hopes OPEC will not follow US orders
DUBAI (Reuters): Iranian Oil Minister Bijan Zanganeh said on Sunday he hoped decisions taken by the OPEC and non-OPEC ministerial committee would not be affected by US President Donald Trump’s tweets on oil producers. “I hope (Trump’s) threats will not scare my OPEC colleagues and encourage them to carry out America’s orders,” Zanganeh was quoted […]
Volkswagen’s Porsche to stop offering diesel models
FRANKFURT (Reuters): Volkswagen’s Porsche will stop offering diesel versions of its cars, the unit said on Sunday, sharpening its focus on hybrid and battery-powered vehicles instead. Volkswagen has admitted to deliberately cheating diesel emissions tests, sending shockwaves through the automotive industries and causing a sector-wide crackdown on polluting diesel engines. “Porsche is not demonizing diesel. […]
Siemens nears multi-billion euro deal in Iraq: Handelsblatt
FRANKFURT (Reuters): German engineering group Siemens (SIEGn.DE) is working on a deal worth up to 9 billion euros ($10.6 billion) to supply energy generation technology to Iraq, business daily Handelsblatt reported, citing government and industry sources. Siemens Chief Executive Joe Kaeser has traveled to Iraq to secure a memorandum of understanding with the country on […]
