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LONDON, United Kingdom (AFP) – UK aircraft engine maker Rolls-Royce on Tuesday launched plans to build small low-cost nuclear reactors to help cut the nation’s carbon emissions. The news comes as Britain pushes ahead with large-scale projects, including Hinkley Point C which will be the nation’s first new nuclear plant for a generation. Rolls-Royce said it had created a new Small Modular Reactor (SMR) division after clinching a cash injection of £405 million ($547 million, […]
LONDON, United Kingdom (AFP)–Rolls-Royce, the British maker of plane engines, said Thursday that it plans to cut 4,600 mainly British jobs by 2020, adding to thousands of cuts already announced in recent years. “Rolls-Royce announces the next stage in our drive for pace and simplicity with a proposed restructuring that will deliver improved returns, higher margins, and increased cash flow,” the group said in a statement. The London-listed company, whose engines are used in Airbus […]
German luxury carmaker BMW will recall nearly 200,000 vehicles in China because of flawed airbags, according to the country’s quality regulator and the company. Some 168,861 imported cars produced between December 2005 and December 2011, and 24,750 vehicles produced locally between July 2005 and December 2011 will be recalled, according to a statement posted Friday on the official website of China’s General Administration of Quality Supervision, Inspection and Quarantine (ASDIQ). Gas generators in the […]
