Delays drive Great Wall Motor to pare India investment: Report
Al Jazeera
Automaker’s move comes after a year-long wait for government approvals after India decided to scrutinise Chinese investments more closely, Reuters said.
Great Wall Motor has decided to re-allocate to Brazil a portion of its $1bn investment in India, as the Chinese automaker has been unnerved by a year-long delay in winning government approvals, three sources told Reuters. Great Wall has also tasked James Yang, its India president since last year, with the responsibility of assisting with operations in the Latin American nation, said the sources, who have direct knowledge of the matter. The re-allocation, which could range up to $300m, comes as the sources said the maker of popular sport-utility vehicles (SUVs) and pick-ups was close to acquiring a former Daimler plant in Brazil to build cars.
Ninety-six Rohingya refugees, including seven children, are stranded on Sumatra island after escaping on a rickety boat.
Some of the ‘best cheddar cheese in the world’ has been stolen from a distributor in London – but who dunnit and how?
‘The more T20 cricket is played, the less people start defending,’ Gambhir says after his team’s home series loss.
South Korea, US say 3,000 North Korean troops are entering combat imminently, but experts are unsure that will fundamentally change the course of the war.
Israel banned the UN aid agency as part of broader attempt to expel Palestinians from their land, analysts say.
US accused of ignoring evidence of civilian harm to continue ‘unconditional weapons transfers’ to Israel, reports say.
The LA Dodgers bounced back from 5-0 down in Game 5 to complete series win over the NY Yankees in New York, with Dodgers’ star Freddie Freeman named the MVP.
Biggest typhoon in decades will hit Taiwan where schools and businesses have been suspended amid heavy rains, winds.
As the war enters its 979th day, these are the main developments.
At least 11 people have died in a police crackdown on post-election protests following disputed October 9 polls.
What 10,000 North Korean soldiers fighting alongside Russia could mean for the front lines of the Ukraine war.