As car enthusiasts converge on the annual Guangzhou auto show, few have anything except a shiny new set of wheels in mind. But explosive growth that transformed China into the world's largest auto market is also giving life to a new industry here: used cars.
The European Commission said in a statement Thursday that the companies — both of which are based in the U.S. — have agreed to dispose parts of their businesses producing and supplying cell cultures, "gene silencing" products and polymer-based magnetic beads.
Norway-based cancer drug maker Algeta ASA says it has received a preliminary takeover offer from Germany's Bayer AG that values the company at about $2.4 billion.Algeta said in a statement Tuesday that the offer is for 336 kroner ($55.11) per share; the company has nearly 44 million shares.
Canada and Norway had challenged the ban on the grounds that it was inconsistent. It grants exceptions to support indigenous Arctic communities that export limited amounts of seal products and to protect fisheries' nets and their catch.
A French contraceptive maker says it will begin warning women that its morning-after pill is ineffective when taken by women who weigh more than 176 pounds. HRA Pharma head of women's health Frederique Welgryn told The Associated Press that the warning is the result of a 2011 study of levonorgestrel, the active compound in its Norlevo emergency contraceptive, and other pills like the Plan B One-Step.
Struggling French carmaker PSA Peugeot Citroen says a former executive at rival Renault will lead the company when its current chairman steps down. The company said Monday that Carlos Tavares, who was Renault's chief operating officer, will join PSA's managing board in January. He will replace the current board chairman, Philippe Varin, at some point next year.
Qualcomm is being investigated by Chinese regulators for possible violations of the country's anti-monopoly law. The company said Monday that details of the investigation by the National Development and Reform Commission are confidential.
The director-general of the World Trade Organization says negotiators have failed to craft the first global trade deal in more than a decade, which could have given the world economy a $1 trillion boost. Roberto Azevedo says diplomats from the WTO's 159 members tried hard but "cannot cross the finish line here in Geneva" ahead of a summit where ministers were to have signed the deal in Bali, Indonesia, next week.
The 43rd Tokyo Motor Show opened to the public Saturday, with leading automakers showcasing next-generation fuel-cell cars and self-driving vehicles. A total of 426 passenger and commercial cars as well as two-wheelers are on display at Tokyo Big Sight through Dec. 1.
Sinopec's expansion of petrochemical projects has met with resistance from members of the public, and Friday's blasts in the eastern port city of Quingdao will likely add to growing concern about safety and environmental risks. The accident was the deadliest involving Sinopec.
A report released Friday by Sen. Robert Menendez of New Jersey, chairman of Senate Committee on Foreign Relations, said Bangladeshi authorities need to make further improvements in factory safety and labor rights. The report, compiled by staff of the committee's Democratic majority, acknowledged some progress, but said the presence of labor unions is still nominal.
China's first unmanned stealth drone made its first test flight in the latest advance for the domestic arms industry, state media reported Friday.Photos and video of the tailless delta-wing drone flying were posted on the websites of People's Daily and other major outlets.
Tim Berners-Lee, who launched the Web in 1990, made the remarks as he released his World Wide Web Foundation's annual report tracking the Web's impact and global censorship. The index ranked Sweden first in Web access, openness and freedom, followed by Norway, the U.K. and the United States.
The leaked oil triggered two huge blasts, one of them tearing up concrete along a city road in Qingdao. Photos posted online showed ripped slabs of pavement, bodies, overturned vehicles and shattered windows in nearby buildings. Black smoke rose above gigantic fuel silos and darkened much of the sky.
A draft text presented Friday, the last scheduled day of the two-week conference in Warsaw, gave only vague direction on when countries should present their targets for restricting carbon emissions. That's a key element of the deal that's supposed to be adopted in Paris in 2015.
Three executives in Japan's automotive parts industry have agreed to plead guilty to a price-fixing conspiracy and two more have been indicted in the U.S. investigation, the government said Thursday. The plea agreements filed in Detroit and the indictment filed in Toledo were announced Thursday by the U.S. Department of Justice.
Missouri’s resurgent automotive industry is bringing another leading automotive parts supplier and more jobs to the Kansas City region, Gov. Jay Nixon announced today. Grupo Antolin North America will invest more than $15.7 million in a 150,000 square-foot automotive manufacturing facility to supply Ford’s Kansas City Assembly Plant, creating an estimated 118 new jobs.
An Israeli energy startup has taken over the remains of Israel's trailblazing — and now bankrupt — electric car venture. Ran Eloya, founder and CEO of Gnrgy Ltd., said Thursday his company bought the remaining assets of Better Place for less than $450,000, a fraction of its $2 billion valuation less than two years ago.
The Dubai Airshow closed its doors to visitors Thursday after rainfall flooded parts of the trade event's large exhibition hall. Organizers of the airshow said in a short statement that exhibitors and visitors should not travel to the show due to "severe weather conditions."
The government allied with Samsung on Wednesday to jointly produce consumer electronics and appliances, a deal coming after a week of raids on Venezuelan retailers and the emptying of store shelves by consumers taking advantage of officially forced discounts.
Officials say Bangladesh will begin inspecting its export-oriented garment factories to assess the building structures and how safe they are from fire and electrical accidents. The Labor Ministry said Thursday that the Bangladesh University of Engineering Technology will inspect the factories using standards accepted by the government, factory owners and international buyers.
Facing stagnation and even economic downturn back home, 11 Florida companies are hawking aviation equipment and training services at the Dubai Airshow, located in a sprawling Arabian desert site that will soon be home to the region's newest mega-airport.
A Spanish court has ordered a German pharmaceutical company to pay compensation to 22 Spaniards born with disabilities after their mothers used the drug thalidomide during pregnancy decades ago. Madrid's provincial court Tuesday ordered the Gruenenthal Group in Spain to pay $26,300 for each percentage point of disability of victims recognized by Spain's Health Ministry.
With two days left, there was commotion in the Warsaw talks Wednesday after the conference president — Poland's environment minister — was fired in a government reshuffle and developing country negotiators walked out of a meeting on compensation for climate impacts.
Despite growing consumer expectations for perfect order delivery and always-available inventory, the majority (83 percent) of U.S. supply chain managers say it is challenging to adequately plan for supply chain capacity to address peak requirements or timely fluctuations in demand, including during the holiday season.