November, 2019

• 19 November

  Vodafone Idea, Bharti Airtel to raise mobile tariffs in Dec

  

  Bloomberg Shares of Vodafone Idea Ltd and rival Bharti Airtel Ltd rallied after the wireless carriers said they planned to raise tariffs starting next month, the first increase since the entry of billionaire Mukesh Ambani into India’s telecommunications market in 2016 triggered a price war. Vodafone Idea surged as much as 30% in Mumbai, while Bharti Airtel rallied as much ...

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• 19 November

  Toxic air costs ailing Indian economy dear

  

  Bloomberg Flight disruptions, fewer tourists, lost work hours and missed school days have come to portray India’s struggles with toxic air quality in its capital city, and the intangible costs may be adding up for an economy grappling with a sharp slowdown. India’s losses from air pollution increased more than four times to $560 billion between 1990 and 2013, according ...

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• 19 November

  China monitors US bid to control chipmaker

  

  Bloomberg A US chipmaker’s attempt to acquire a peer with a valuable Chinese affiliate has spurred concern in Beijing, as tensions between the world’s two biggest economies threaten to disrupt the global tech supply chain. China’s antitrust regulator is closely monitoring Diodes Inc’s proposed $428 million takeover of Taiwan’s Lite-On Semiconductor Corp, responding to complaints a deal will deliver the ...

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• 19 November

  Olympus may slash jobs in push to hike margins

  

  Bloomberg Olympus Corp is considering job cuts as the medical device and camera maker pushes forward with plans to almost double operating margin in the medium term, Chief Executive Officer Yasuo Takeuchi said. “The issue of personnel will naturally need to be addressed,” Takeuchi, who was promoted from chief financial officer in April, told reporters in Tokyo . “It’s a ...

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• 19 November

  Proving conspiracy is Carlos Ghosn’s court tactic

  

  Bloomberg A year after his arrest, Carlos Ghosn‘s strategy to exonerate himself from allegations of fraud and financial wrongdoing is becoming clearer: it’s all a conspiracy. Out on bail, the former chairman and chief executive officer of the global alliance between Nissan Motor Co, Renault SA and Mitsubishi Motors Corp intends to show that prosecutors, the trade ministry and the ...

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• 19 November

  Tata Steel to cut 3,000 jobs as crisis rips through Europe

  

  Bloomberg Tata Steel Ltd plans to cut as many as 3,000 jobs across its European operations to cut costs in the latest blow to the region’s industry, with the move coming amid a heated general election campaign in the UK. About two-thirds of the reductions would be office-based staff, the company said in a statement. While the steelmaker didn’t give ...

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• 19 November

  European car sales up 8.6 % in October

  

  Bloomberg European car sales jumped in October, although not enough to reverse a decline since the start of the year as demand wanes in key markets. Registrations rose 8.6% to 1.21 million vehicles, the European Automobile Manufacturers Association said. The increase was due to a low comparison with a year earlier when sales suffered from new emissions tests. The latest ...

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• 19 November

  Tesla set to bulk up lithium-ion battery

  

  Bloomberg The world’s biggest lithium-ion battery is about to get even bigger, with Tesla Inc set to beef up capacity at the Hornsdale site in South Australia. The system will be expanded by 50% to 150 megawatts, according to an announcement from Neoen SA, the French company that operates the site. The storage site has already saved consumers more than ...

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• 19 November

  Google buys cloud firm despite antitrust probe

  

  Bloomberg Google announced plans to buy enterprise software firm CloudSimple Inc, another sign the search giant isn’t letting a flurry of antitrust investigations interrupt its expansion strategy. CloudSimple will join Google Cloud, a priority business for the Alphabet Inc unit. The companies didn’t disclose financial terms. The acquisition could help Google get a foothold in a corner of the cloud-computing ...

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• 19 November

  German search engine plants trees every time you browse

  

  Bloomberg When fires raged across Brazil this summer and deforestation rates reached startling highs, users began downloading a small German search engine in a modest effort to counteract the devastation. Ecosia GmBH, a Berlin-based alternative to Google, donates as much as 80% of the profit it makes from running ads alongside search results to plant trees around the world. As ...

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