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China says AIIB up and running early in the new year

December 26, 2015 by · Leave a Comment 

The China-backed Asian Infrastructure Investment Bank (AIIB) has been formally established and is expected to be operational early next year, the official Xinhua news agency said on Friday. The bank's establishment came after 17 funding members of the AIIB, which account for just over 50 percent of its share capital, ratified an agreement on the bank, state television quoted Finance Minister Lou Jiwei as saying. First proposed by President Xi Jinping less than two years ago, the bank has become one of China's biggest foreign policy successes.

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China says AIIB up and running early in the new year

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Ferrari recalls 185 California T vehicles due to fuel leak risk

December 26, 2015 by · Leave a Comment 

(Reuters) – Ferrari North America Inc., a division of Ferrari NV , is recalling some 2016 California T vehicles due to the risk of a fuel leak in the engine compartment, according to a U.S. Department of Transportation (DOT) notice on Friday. The higher risk of a leak, which increases the chances of fire, was the result of a manufacturing defect in a part provided by a supplier, according to a…

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Ferrari recalls 185 California T vehicles due to fuel leak risk