Fiat Chrysler and PSA have confirmed that they're in talks over a potential merger.
Should the talks go through, they'll end up creating one of the world’s leading auto makers.
Earlier this summer Fiat let go of a proposed merger with French rival Renault.
Board members at PSA, which owns Peugeot, will meet on Wednesday to discuss the potential deal.
Australia moves to double fines for fuel gouging amid shortages
Australia's centre-left government has introduced legislation in the parliament to double penalties for fuel price gouging on Wednesday as global supply disruptions due to the Iran war triggered fuel shortages in some rural regions.
Gulf stocks mixed amid confusion over US-Iran talks
Gulf markets ended mixed on Tuesday, with Qatar extending losses while other bourses steadied as investors parsed conflicting signals on potential US-Iran talks.
Australia, EU seal long-awaited trade deal
Australia and the European Union on Tuesday signed a trade deal marking the culmination of years of negotiations, as Europe seeks to diversify its export markets and expand ties beyond its traditional partners.
Weaponising Strait of Hormuz is an act of economic terrorism: Sultan Al Jaber
Weaponising the Strait of Hormuz is an act of economic terrorism with global impact far beyond energy markets, asserted Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, while addressing CERAWeek in Houston, Texas.
IEA consulting with governments on further oil stock releases, chief Birol says
The International Energy Agency is consulting with governments in Asia and Europe on the release of more stockpiled oil "if necessary" due to the Iran war, Executive Director Fatih Birol said on Monday.
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Pinoy Expat Corner
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Pinoy Expat Corner
What does someone working on a yacht usually do? Are they often out at sea, and how long do they usually stay there?
