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BMW to be first foreign firm to test self-driving car in China

BMW to be first foreign firm to test self-driving car in China

Shanghai has granted BMW a licence for self-driving car testing, setting up the German luxury brand to become the first foreign automaker to test autonomous vehicles on the road in China. As global car giants race for an advantage in the world’s largest car market, the Shanghai Commission of Economy and Information Technology awarded the […]

Saudi firm raises Careem’s investment to $500m

Saudi firm raises Careem’s investment to $500m

Reuters An investment of $150 million by a Saudi Arabia-based venture capital firm in Careem raised its investment capital to $500m, a statement from the Dubai-based ride-hailing company said. The $150m investment was undertaken by carmaker Daimler and Saudi Arabia’s Kingdom Holding, a firm owned by billionaire Prince Alwaleed bin Talal. Venture capital firm DCM […]

OIL PRICES FIRM ON STRONG DEMAND, POLITICAL UNCERTAINTY IN SYRIA

OIL PRICES FIRM ON STRONG DEMAND, POLITICAL UNCERTAINTY IN SYRIA

SINGAPORE – Oil prices were firm on Monday, supported by strong demand and political uncertainty in Syria, although another rise in US drilling activity kept a lid on gains. Brent crude futures LCOc1, the international benchmark for oil, were at $55.28 per barrel at 0226 GMT, up 4 cents from their last close. US West […]