Bloomberg Toyota Motor Corp. deepened a partnership with battery producer Panasonic Corp. as Asia’s biggest carmaker, which initially bet big on hydrogen for clean technology, accelerates efforts to make its presence felt in electric cars. The largest supplier of electric-car batteries and Toyota together are exploring the development of prismatic cells, and the collaboration will include solid-state batteries, the two ...
Read More »Uber embraces Asian taxi foes to win riders
Bloomberg Uber Technologies Inc. is embracing the taxi industry in Asia, turning some of its former enemies into allies as it tries to win over customers from Bangkok to Tokyo. Uber said it will bring Howa’s fleet of 4,000 taxis onto its app so customers in the Thai capital can get a quicker and more convenient ride. It’s the latest ...
Read More »Europe sets pace for global M&A as politics hurt US deals
Bloomberg Europe, often a laggard compared to the US in mergers and acquisitions, has turned out to be the hot spot for deals this year. A more stable economic outlook and growing confidence in Europe has boosted dealmaking activity in the region, while in the US, the unresolved battle to lower US corporate tax rates as well as fewer blockbuster ...
Read More »â€˜Britain loses most jobs since two years’
Bloomberg Britain shed jobs at the fastest pace in almost 2 1/2 years between August and October in a sign that the labour market is slowing. The number of people in work fell by 56,000, the most since the period through May 2015, the Office for National Statistics said. The decline exceeded the median forecast of economists. Pay growth accelerated, ...
Read More »Dixons carphone rises on plan to revamp troubled mobile unit
Bloomberg Dixons Carphone Plc surged the most in more than three years as the company’s plans to revamp its struggling mobile-phone unit won over investors. The UK electronics retailer’s shares rose as much as 8.7 percent in London after the company said it planned to reduce the capital intensity of the division, a move that suggests store closures or that ...
Read More »Jeep reshapes its iconic Wrangler with slippery brick styling
Bloomberg The engineers of the Jeep Wrangler had a conundrum: How do you redesign one of the most iconic SUVs on the road to survive tougher fuel economy standards without abandoning the brick-like shape that’s essential to its appeal? At first glance, the styling of the next-generation Wrangler doesn’t appear to have changed all that much. But a bend here ...
Read More »US Congress to let Iran deadline pass, leaves decision to Trump
Reuters The US Congress will allow a deadline on reimposing sanctions on Iran to pass this week, congressional and White House aides said, leaving a pact between world powers and Tehran intact at least temporarily. In October, US President Donald Trump declined to certify that Iran was complying with the nuclear agreement reached among Tehran, the United States and others ...
Read More »Tillerson reiterates US is open for talks With North Korea
Bloomberg Secretary of State Rex Tillerson said the US is prepared to negotiate with North Korea without preconditions, but the Trump administration would first want a “quiet period†without nuclear or missile tests for discussions with Kim Jong Un’s regime to begin. “Let’s just meet. We can talk about the weather if you want,†Tillerson said in a speech at ...
Read More »US wary of Russia’s victory claim in Syria
WASHINGTON / Reuters The United States is voicing skepticism about Russian President Vladimir Putin’s announcement of a major withdrawal of Russian troops from Syria and is arguing that his declaration of victory against IS was premature. Putin, during a surprise visit to Russia’s Hmeymim air base in Syria, declared that the work of Russian forces was largely done in backing ...
Read More »Multiple earthquakes hit southeastern Iran
BEIRUT / Reuters Iran’s southeastern province of Kerman was hit by multiple strong quakes on Tuesday and Wednesday, injuring at least 18 people and damaging some 20 houses, state media reported. The first quake of magnitude 5.9 struck on Tuesday morning 35 miles (56 km) north of Kerman, a city with a population of more than 820,000. The tremor, initially ...
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