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GM to invest $2.7 billion in Sao Paulo, Brazil factories over five years

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SAO PAULO/DETROIT (Reuters) – General Motors Co said on Tuesday it would invest $2.7 billion in two Brazilian factories over the next five years, sparing them from a shakeup of the automaker’s operations, a decision hailed by the governor of Brazil’s largest state. FILE PHOTO: A view of the General Motors plant is seen in Read More

Germany ‘committed’ to increasing defense budget, but nowhere near US expectations

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While Angela Merkel says Berlin is “committed“ to boosting military expenses, figures from the budget draft proposal suggest Germany’s efforts are still way below what NATO expects. German military expenses are in the public eye this week as a budget draft proposal is due to be presented on Wednesday. Alongside the other 28 NATO members, Read More

Merkel on Huawei: Germany won’t exclude 5G providers just because they come from China

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Angela Merkel has said that her government will not exclude Huawei or any other company from helping to develop 5G in Germany simply because they come from China, in a clear rebuke of Washington’s stance on the issue. “The government has said our approach is not to simply exclude one company or one actor, but Read More

Philippines rejects Go-Jek appeal against ride-hailing license ban

15 hours ago DieselGasoil Comments Off on Philippines rejects Go-Jek appeal against ride-hailing license ban
FILE PHOTO: Go-Jek driver helmets are seen during the Go-Food festival in Jakarta, Indonesia, Oct. 27, 2018. REUTERS/Beawiharta/File Photo MANILA (Reuters) – Indonesian ride-hailing firm Go-Jek lost an appeal on Tuesday against the Philippines’ decision to refuse to grant it a license due to its failure to meet local ownership criteria, in a major blow Read More

U.S. judge says Rio Tinto must face SEC fraud case

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NEW YORK (Reuters) – A U.S. judge on Monday rejected Rio Tinto Plc’s bid to dismiss a Securities and Exchange Commission lawsuit accusing the Anglo-Australian mining company of civil fraud in its handling of a failed investment in a Mozambique coal project. FILE PHOTO: A sign adorns the building where mining company Rio Tinto has Read More

Google seeking to promote rivals to stave off EU antitrust action

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FILE PHOTO: An illuminated Google logo is seen inside an office building in Zurich, Switzerland December 5, 2018. REUTERS/Arnd Wiegmann BRUSSELS (Reuters) – Google is trying to boost price comparison rivals such as Kelkoo in an effort to appease European Union antitrust regulators and ward off fresh fines following a 2.4-billion-euro ($2.7 billion) penalty nearly Read More

Exclusive: Sanofi says working on CEO succession plan

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PARIS (Reuters) – Pharmaceuticals group Sanofi is working on a plan to find a new CEO in agreement and consultation with current chief executive Olivier Brandicourt, a spokesman for the French drugmaker told Reuters on Monday. FILE PHOTO: The logo of Sanofi is pictured during the Viva Tech start-up and technology summit in Paris, France, Read More

U.S. judge says SEC may pursue Rio Tinto fraud case

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FILE PHOTO: A sign adorns the building where mining company Rio Tinto has their office in Perth, Western Australia, November 19, 2015. REUTERS/David Gray/File Photo NEW YORK (Reuters) – A U.S. judge on Monday rejected Rio Tinto Plc’s bid to dismiss a Securities and Exchange Commission lawsuit accusing the Anglo-Australian mining company of civil fraud Read More

Cheers and howls after CNN host says Brexit is transforming Britain into a ‘banana republic’

1 day ago DieselGasoil Comments Off on Cheers and howls after CNN host says Brexit is transforming Britain into a ‘banana republic’
Britain is showing signs of a failed state amid growing anxiety about its plans to leave the European Union, CNN host Fareed Zakaria has warned. His grim diagnosis was met with both approval and eye-rolling on social media. Speaking on his CNN political show ‘GPS,’ Zakaria argued that thanks to Brexit, the UK was marching Read More