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Bloomberg Volkswagen AG gained market share in Europe for the first time since its diesel-cheating scandal erupted in September 2015, a sign that the German manufacturer is regaining consumer trust. The region’s biggest automaker accounted for 24.8 percent of car sales in November compared with 24.6 percent a year earlier, the Brussels-based European Automobile Manufacturers’ Association, or ACEA, said ...
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December, 2016
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15 December
Eurozone economy robust as inflation pressures mount
LONDON / AP The eurozone economy is ending 2016 robustly and inflation pressures are growing, a key survey showed on Thursday, in a combination that suggests the European Central Bank’s stimulus efforts are working. Financial information company IHS Markit said its purchasing managers’ index, a gauge of activity in the manufacturing and services sectors, held at 53.9 points in ...
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15 December
German economy posts strong growth in Q4
Bloomberg Germany’s economy ended 2016 on a strong footing, with a key index suggesting growth accelerated in the fourth quarter. IHS Markit said its composite Purchasing Managers Index was at 54.8 this month after a reading of 55 in November, capping the economy’s strongest three-month period since the second quarter of 2014. That indicates economic growth picked up from ...
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15 December
Lonza focuses on health with $5.5 billion Capsugel deal
Bloomberg Lonza Group AG agreed to buy US capsule maker Capsugel SA from KKR & Co. for $5.5 billion, as the Swiss biotech and specialty chemicals company seeks to focus more on health care. The price includes refinancing of existing Capsugel debt of about $2 billion, Basel-based Lonza and Capsugel, which has headquarters in Morristown, New Jersey, said in ...
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15 December
US factory output drops for first time in 3 months
Bloomberg US factory output dropped in November for the first time in three months, showing an anemic recovery in manufacturing after an extended slowdown. Production at factories, which make up 75 percent of all output, fell 0.1 percent, a Federal Reserve report showed Wednesday. The median forecast in a Bloomberg survey called for a 0.2 percent drop. Total industrial ...
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15 December
Artificial intelligence gains foothold in everyday life
San Francisco / AFP Mark Zuckerberg envisions a software system inspired by the “Iron Man†character Jarvis as a virtual butler managing his household. The Facebook founder’s dream is about artificial intelligence, which is slowly but surely creeping into our daily lives, no longer just science fiction. Artificial intelligence or AI is getting a foothold in people’s homes, starting ...
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15 December
Pokemon gets you on the Go, for a bit: Study
Paris / AFP It has been hailed as a revolutionary way to get people moving, using smartphones to pursue cartoon creatures through city parks and streets on foot, instead of taking the car or metro. But has Pokemon Go made people more active and healthy? A study reported mixed success. In the first week of playing the game, people ...
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15 December
Chevrolet charges to head of electric car market
Relaxnews Deliveries of the Chevrolet Bolt, the first mainstream electric car to offer a 238-mile range, have officially started. Three customers in San Francisco received their cars and by the end of this week, deliveries will extend to other cities in California and Oregon. “All of the hard work that the Chevrolet team have put into designing, engineering and ...
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15 December
Yahoo reveals new hack, this time a billion-plus users
Washington / AFP Yahoo said personal data from over a billion users was stolen in a hack dating back to 2013 — twice as big as another breach disclosed just three months ago. In a huge blow to the struggling internet pioneer, Yahoo said it made the discovery as it was investigating what was already the largest data breach ...
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14 December
UAE Central Bank amends anti-money laundering regulation
ABU DHABI / WAM The UAE Central Bank issued a resolution, amending its Circular No. 24/2000 on Regulation concerning Procedures for Anti-Money Laundering and its amendments. According to Article One of the resolution, the texts of paragraph (3-1) of Article (3), Article (4) and paragraph (a) of Article (19) of Circular No. 24/2000 – Regulation concerning Procedures for Anti-Money ...
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