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Solar Impulse 2 completes first-ever Atlantic flight

  New York / AFP The Solar Impulse 2 landed in Spain on Thursday morning after completing a 70-hour flight from New York in the first solo transatlantic crossing in a solar-powered airplane. Applause broke out as the experimental plane set down at Seville airport in southern Spain just before 7:40 am (0540 GMT) where a team was on the ...

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GPIF seeks $8.6mn in damages from Toshiba for stock losses

  Beijing / Bloomberg Japan’s $1.3 trillion Government Pension Investment Fund (GPIF) is suing Toshiba Corp. for losses on its investments after an accounting scandal sent the conglomerate’s shares plunging. GPIF is seeking damages of about 900 million yen ($8.6 million), said Shinichirou Mori, a spokesman for the fund. The losses relate to shares bought by GPIF’s external fund managers in ...

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India clears Rs6,000cr for textile industry

  New Delhi / Tribune News Service The cabinet cleared a Rs.6,000 crore package for the textile sector, aimed at generating 10 million jobs over the next three years and improving the sector’s competitiveness globally. The sops, which include incentives related to tax, production and labour to garment makers, are meant to help India overtake Bangladesh and Vietnam in apparel ...

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