April, 2019

• 20 April

  Trump’s push to make Cuba ‘surrender’ will fail: Negotiator

  

  Bloomberg The Cuban negotiator who normalised relations with the US during the Obama administration said President Donald Trump’s push to dismantle the deal won’t dislodge the communist regime in Havana. Cuba endured almost 60 years of US aggression and can survive another bout of antagonism from Washington, Josefina Vidal, now Cuba’s ambassador to Canada, said in an interview. The latest ...

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• 20 April

  Nissan denies Nikkei report on global car output cut of 15%

  

  Bloomberg Nissan Motor Co denied a report by the Nikkei that it’s planning to cut global output by around 15 percent for the fiscal year to March 2020, even as the carmaker struggles to reignite earnings and sales while dealing with the fallout from the arrest of ex-chairman Carlos Ghosn. Nissan issued a rare response calling the details in the ...

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• 20 April

  WTO finds fault with China’s agricultural trade restrictions

  

  Bloomberg China didn’t follow proper procedures when it imposed trade restrictions on agricultural imports, the World Trade Organization (WTO) said in a ruling that bolsters President Donald Trump’s dispute against Beijing. China used a flawed and opaque approach when it administered tariff-rate quotas for rice, wheat, and corn, the Geneva-based arbiter of global trade disputes said on its website. It’s ...

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• 20 April

  Porsche CEO eyes cooperation with China tech giants to bolster sales

  

  Bloomberg Porsche AG is exploring joint projects with Chinese technology giants including Tencent Holdings, Alibaba Group Holding Ltd and Baidu Inc to expand digital offerings in its largest market and bolster sales. Country-specific features for voice recognition, navigation and integration of the ubiquitous WeChat messaging service will be developed locally, Porsche Chief Executive Officer Oliver Blume said in an interview ...

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• 20 April

  Ford and Mahindra to develop SUV for India

  

  Bloomberg Ford Motor and Mahindra & Mahindra agreed to co-develop a mid-size sports utility vehicle (SUV) for India and emerging markets in an effort to sustain profitability in the world’s third-biggest car market. The new SUV will have a common Mahindra product platform and powertrain, helping to reduce product development costs and gain economies of scale, Mahindra and Ford said ...

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• 20 April

  SoftBank international CFO Alok Sama to step down

  Bloomberg SoftBank Group International Chief Financial Officer Alok Sama will step down from his post, according to an internal memo seen by Bloomberg News. He will remain a senior adviser at the company, according to the memo, which didn’t provide a reason for his departure. Sama led the execution teams for the $59 billion merger of Sprint and T-Mobile and ...

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• 20 April

  Japan’s 25% breadwinners to turn 75

  Bloomberg Japan’s rapidly-aging society will see a quarter of its breadwinners turn 75 or older by 2040, the Nikkei reported, citing a study from the National Institute of Population and Social Security Research. The number of people living alone who are 75 or older will top 5 million.

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• 20 April

  Samsung’s foldable screens fail in some early review models

  

  Bloomberg Some test models of Samsung Electronics Co’s new foldable phone suffered defects after only days of use, casting a shadow over next week’s introduction of a $1,980 device meant to rejuvenate a flagging market and showcase the Asian company’s technology expertise. Several publications, including Bloomberg News, outlined a bevy of problems with test versions of the device, which folds ...

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• 20 April

  Toyota rejects electric cars as Volkswagen vows an embrace

  

  Bloomberg A $255 billion debate is raging among the world’s biggest automakers. Some think electric cars made by companies besides Tesla Inc stand the chance to be hits, while others think they’ll fail to really sell. Toyota Motor Corp may have kicked off the green-car movement with its Prius hybrid more than 20 years ago, but the company is not ...

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• 20 April

  With driverless cars late, Phantom tries remote-control trucks

  

  Bloomberg For four days in February, Ben Shukman showed up to his office at Phantom Auto in Mountain View, California, sat down in front of a bank of computer screens with a steering wheel in a darkened room, and began driving. As the 25-year-old turned the wheel in Silicon Valley, an empty truck 2,500 miles away in Atlanta picked up ...

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