Indonesia fines Garuda after CEO fired over smuggled Harley Davidson
Indonesia will fine flag carrier PT Garuda Indonesia for violating aviation rules after its chief executive was accused of smuggling a Harley Davidson motorcycle onboard a new plane, state news agency Antara cited the transport minister as saying.
Britain's Phoenix to buy Swiss Re's ReAssure business for $4.1 billion
Phoenix Group Holdings has agreed to buy the British business of Swiss Re for 3.2 billion pounds ($4.1 billion) in cash and shares, the UK insurer's biggest deal to date, driving the two companies' shares higher.
China-built Tesla cars recommended for subsidies: ministry
China's industry ministry has placed Chinese-built Tesla Inc. Model 3 cars on a list of vehicles recommended to receive subsidies for new energy vehicles, a move that will help the U.S. firm's push into the world's biggest auto market.