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by John Biers Agence France Presse NEW YORK, United States (AFP) — The euro retreated Monday on concerns about the political crisis engulfing Germany, but European and US stocks rose. At the close of trading, Frankfurt’s DAX 30 index was up 0.5 percent, bouncing back from a weaker start, France’s CAC 40 also added 0.4 percent, while London’s FTSE was up by a modest 0.1 percent. A stronger showing on Wall Street — kicking off […]
(Reuters) — China has achieved a series of breakthroughs in core electronic devices, high-end universal chips and basic software products in the past decade. China’s Ministry of Science and Technology, together with Ministry of Industry and Information Technology, held a press conference to release the achievements Monday in Beijing. In the past decade, the gap between home and abroad core electronic devices has shortened from over 15 years to five years. Independent support rate of […]
TOKYO, Japan (AFP) — Honda is recalling about 800,000 of its Odyssey minivans in the United States over faulty parts blamed for 46 minor injuries, the company said, just a month after settling a huge lawsuit on other defects. The recall, which affects the 2011-2017 models sold in the US, may later be expanded to include vehicles sold in Canada, Mexico and South Korea, spokesman Teruhiko Tatebe said. The fault relates to a latch that […]
TOKYO, Japan (AFP) — Japan’s October trade surplus shrank 40.7 percent from a year earlier as growth in exports were eclipsed by higher costs of importing crude oil and petroleum products, the government said Monday. The world’s third-largest economy logged a surplus of 285.4 billion yen ($2.5 billion), down from a 481.2-billion-yen surplus a year earlier, according to data from the finance ministry. The latest figure was modestly lower than market expectations of a 330-billion-yen […]
TOKYO, Japan (AFP) — Tokyo stocks opened lower Monday morning following declines on Wall Street, with Toshiba plunging after the embattled Japanese conglomerate announced plans to issue new shares. The benchmark Nikkei 225 index fell 0.45 percent, or 100.80 points, to 22,296.00 in early trade, while the broader Topix was down 0.40 percent, or 6.99 points, at 1,756.77. “Since the Nikkei index has overheated in the short term, its speed adjustment is expected to continue […]
(Reuters) — 40-billion-dollars is roughly the size of Jordan’s GDP. And that’s also the amount of cash Volkswagen is going to splash in the next 5 years to gain ground in the electric and driverless car race. “We are seeing the first successes of this strategy. Volkswagen is in robust health. This is, above all, the result of great teamwork.” Volkswagen Chairman, Hans Dieter Poetsch, said. Competition in the sector is strong and VW has […]
GUANGZHOU City, Guangdong Province,China (Reuters) — New, alternative energy vehicles and intelligent cars were the highlight of the Guangzhou International Auto Show in south China’s Guangdong Province. The ten-day auto show kicked off on Friday, with 1081 cars on display, including 47 cars that were open to the public for the first time and 25 concept cars. A total of 131 alternative energy cars were presented at the show, accounting for more than ten percent […]
LOS ANGELES, California (Reuters) — Tesla Inc on Thursday (November 16) unveiled a prototype electric big-rig truck, throwing itself into a new market even as it struggles to roll out an affordable sedan on which the company’s future depends. Chief Executive Elon Musk unveiled the big rig, dubbed the Tesla Semi, by riding the truck into an airport hangar near Los Angeles in front of an invited crowd of what Tesla said were potential truck […]
WASHINGTON, United States (AFP) — Google, Facebook and other tech firms joined global news organizations Thursday in an initiative aimed at identifying “trustworthy” news sources, in the latest effort to combat online misinformation. Microsoft and Twitter also agreed to participate in the “Trust Project” with some 75 news organizations to tag news stories which meet standards for ethics and transparency. “In today’s digitized and socially networked world, it’s harder than ever to tell what’s accurate […]
by Daphne Rousseau with Tom Barfield in Frankfurt Agence France Presse BERLIN, Germany — Industrial conglomerate Siemens on Thursday announced thousands of job cuts worldwide, most of them in its fossil fuels division, with unions and politicians in its home country Germany particularly outspoken against the plans. A total of 6,900 workers are set to lose their jobs, around half of them in Germany, where Siemens also plans to close sites in the country’s economically […]
QUEZON CITY, Philippines (Eagle News) — The Philippine economy was able to post a 6.9% growth rate during the third quarter of 2017. This is higher compared to the 6.7% growth rate of the 2nd quarter of 2017. According to National Statistician, Dr. Liza Grace Bersales, the industry sector posted the highest growth rate of 7.5%, followed by the service sector with a growth rate of 7.1%.
TOKYO, Japan (AFP) — Subaru recalled nearly 400,000 vehicles from its domestic market on Thursday due to an inspection scandal — the latest to hit the beleaguered Japanese car industry. The recall concerns nine models, including a sports car that Subaru manufactures for Toyota, but vehicles sold overseas were not affected, a spokesman told AFP. Subaru admitted last month that uncertified staff had conducted vehicle inspections at two factories northwest of Tokyo. It said at […]
