Mitsubishi Motors forecasts full-year loss due to falling car sales

TOKYO: Japan’s Mitsubishi Motors Corp. on Monday forecast an operating loss of ¥140 billion ($1.33 billion) in the year to March as the automaker battles a fall in demand for cars due in part to the coronavirus pandemic.
Japan’s No. 6 automaker anticipates its biggest operating loss in at least 16 years, according to Reuters data, just as it embarks on a plan to shrink its workforce and"...

Bosch creates single unit to oversee software, systems development

Gerlingen, July 21 (BNA): Germany’s Robert Bosch GmbH, the world’s largest auto parts supplier, said on Tuesday it is consolidating its software and electronics expertise in a single division, in order to get new digitalized vehicle functions on the road significantly faster.

Bosch"...

Lebanese Central Bank sets rate of LBP 3,900 per US dollar for essential food industries

NNA - The Lebanese Central Bank on Monday issued a statement making clear that it would be providing US dollars at a fixed exchange rate of LBP 3,900 per US dollar for importers and manufacturers of essential food items.


'The Central Bank will secure the necessary amounts in foreign currency to meet the needs of importers and manufacturers of essential food items and raw materials used"...

Food importers, supermarket owners reassure Minister of Economy that no food shortage looms on horizon

NNA - Minister of Economy and Trade, Raoul Nehme, met a delegation of the Union of Food Importers and the Union of Supermarket Owners, to discuss the means to maintain food security.

The minister was briefed on the damage caused to the sector as a result"...

Lebanon's battered economy dealt fresh blow after port blast hits 'Achilles heel'

Lebanon faces food challenge with no grain silo and few stocks

Lebanon receives medical aid from Kuwait, first from abroad

MetLife Foundation Commits $500,000 to Lebanon Relief Effort