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Jaguar ends Ford engine deal, putting 750 UK jobs at risk

Bloomberg Jaguar Land Rover pulled the plug on a 2008 agreement with Ford Motor Co. to supply gasoline engines from a facility in Wales, compounding the struggles the UK plant already faces due to uncertainty caused by Brexit. About half the staff at Ford’s Bridgend factory, or roughly 750 people, depend on the deal to make V6 and V8 engines ...

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Philippines plans to ease foreign ownership limit

Bloomberg The Philippines plans to amend its Constitution next year to help ease restrictions on foreign investment, Finance Secretary Carlos Dominguez said. Dominguez informed Japanese investors in a recent forum in Tokyo that the government is also reviewing its so-called Foreign Investment Negative List to increase foreign ownership limits in the areas of construction and other sectors, the Finance Department ...

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Uber drivers need licenses in Australia’s Queensland

Bloomberg Ride-booking operators and drivers, such as those from Uber Technologies Inc., will need licenses to offer their services in the Australian state of Queensland under new regulations announced in Brisbane. The eligibility tests for drivers and booking entities will be the same for all those offering personalised transport, Mark Bailey, Queensland’s minister for main roads, road safety and ports, ...

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