Author Archives
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5,000 Jobs In Germany And More In UK To Be Cut By Ford
With the aim of reducing operational costs in Europe, United States based car manufacturer Ford has announced on Friday that it would cut about 5000 jobs in Germany and more in the In recent years, the performance of the company… Read More ›
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Volkswagen And Its Ex-CEO Sued By US SEC Over Diesel Scandal
Volkswagen and its former chief executive is being sued by the US Securities and Exchange Commission. The charges placed against the parties is that they had defrauded investors by making claims about the environmental impact of its cars that were… Read More ›
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China Passes New Laws For Easing Foreign Investment In The Country
A new law to facilitate easier foreign investments in China was passed by Beijing this week. Many analysts see the move by Beijing to be one that was undertaken to actually ease the United States and facilitate the trade talks… Read More ›
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Softbank, Toyota In Talks To Invest $1Bn In Uber’s Self-Driving Program: Reports
Talks about a possible investment into Uber Technologies’s self-driving vehicle unit, worth about $1 billion or even more, is being currently held between a group of investors that is led by SoftBank Group and the Japanese car maker Toyota Motor,… Read More ›
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‘Very Happy’ With Boeing Fleet, Says Cathay Pacific CEO
After the death of all 157 people on board an Ethiopian Airlines flight following a crash of the craft soon after takeoff involving a Boeing 737 Max 8, there is intense pressure and controversy on the U.S. plane manufacturer because… Read More ›
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Auto Industry Outlook Cut To Negative By Moody’s On Declining Demand
Global credit ratings firm Moody’s has been forced to bring down its outlook for the global auto industry from stable to negative because of slowing down of demand for cars and trucks in some of the crucial markets of the… Read More ›
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U.S., Chinese Trade Negotiators Call To Decide On Next Step In Talks
According to a report published by the Chinese state news Agency Xinhua News Agency, arrangements on the next stage of talks between China and the United States over a possible trade deal to end a seven month long trade war… Read More ›
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U.S. To Lead Global Oil Supply To 2024; IEA
According to the International Energy Agency, over the next five years, global oil supply would be driven by the United States which is expected to add about 4 million barrels per day to the current output. The Paris-based agency said… Read More ›
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Turkish Economy Is Now Officially In A Recession
According to the official statistics office of Turkey, the economy of the country went into recession at the end of last year. There was shrinkage of 2.4 per cent in the economy of the country in the fourth quarter of… Read More ›
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US Tech Giant Nvidia Bids For Acquiring To Israel Chipmaker Mellanox: Reports
According to a report published in the Calcalist financial website on Sunday citing sources, an offer to acquire Israeli chip maker Mellanox Technologies Ltd. has been made by the United States gaming and computer graphics giant Nvidia Corp. The report… Read More ›
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