ValenzuelaPost

WASHINGTON — Ford Motor Co is recalling nearly 617,00 Explorer sport utility vehicles in the United States at the request of regulators because retention pins could loosen and allow roof rail covers to detach from the vehicle. The recall covers 2016 through 2019 model year vehicles. Dealers will install push-pins and replace any damaged rail

BEIJING — China’s Shanghai Fosun Pharmaceutical said on Sunday its subsidiary had agreed to set up a joint venture with BioNTech for the manufacture and commercialisation of the German firm’s COVID-19 vaccine. Fosun Pharmaceutical Industrial will provide a manufacturing facility with an annual capacity of up to 1 billion doses of BioNTech’s COVID-19 vaccine, while

Top U.S. fuel pipeline operator Colonial Pipeline worked on Sunday to recover from a ransomware cyberattack that forced it to shut down on Friday and sparked worries of a spike in retail gasoline prices. Colonial said on Saturday it was “continuing to monitor the impact of this temporary service halt” and to work to restore

(Bloomberg) — Vingroup JSC is shuttering its electronics devices unit VinSmart just months after exporting smartphones to the U.S. as it ramps up production of electric vehicles. The closure of VinSmart is to “mobilize all resources” for developing of VinFast – Vingroup’s carmaker unit, according to a statement Sunday. “This is a strategic step towards

By Golnar Motevalli (Bloomberg) — Iran is pushing for its banking industry to be given guaranteed and conclusive sanctions relief at talks to restore the country’s nuclear deal with world powers. “The removal of sanctions against the central bank, Iranian banks, SWIFT, and any money transfer between them and major foreign correspondent banks, needs to

PARIS — European Internal Market Commissioner Thierry Breton said on Sunday the European Commission did not renew its order for AstraZeneca vaccines against COVID-19 for after June. The European Commission last month launched legal action against AstraZeneca for not respecting its contract for the supply of COVID-19 vaccines and for not having a “reliable” plan

By Verity Ratcliffe, Youssef Diab and Dana Khraiche (Bloomberg) — A Turkish company threatened to switch off two floating power plants that provide about a fifth of Lebanon’s electricity, amid a dispute over corruption allegations and payments. Istanbul-based Karpowership has urged the government in Beirut to engage in talks, serving a final notice that it

Colonial Pipeline, top U.S. fuel pipeline operator, continued work on Sunday to recover from a ransomware cyberattack that forced it to shut down on Friday and sparked worries of a spike in retail gasoline prices. The incident is one of the most disruptive digital ransom operations ever reported and has prompted calls from American lawmakers

DUBAI — Abu Dhabi National Oil Co (ADNOC) has invited investment banks to pitch for bookrunner roles for the initial public offering of its drilling unit, two sources told Reuters on Sunday. The oil giant invited a handful of international and local banks to take part in the process of the public share sale of

(Bloomberg) — China’s major copper smelters have vowed to reduce purchases of concentrate this year as the country seeks to curb its carbon emissions, according to a state-run research firm. The 15 largest smelters have agreed to trim purchases by 1.26 million tons, equivalent to around 300,000 tons of the metal, a statement posted on