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Nissan expands North America hood latch recall to 878,000 Altima sedans DETROIT: Nissan Motor Co expanded the North American recall of its top-selling Altima sedan to about 878,000 vehicles because a secondary hood latch may fail and cause the hood to fly up while the car is in motion, according to a company filing with US safety regulators. A secondary latch is meant to keep the hood down if the primary latch is not engaged. But Nissan said that in model years 2013 to 2015 Altima sedans made from March 6, 2012 to Dec. 31, 2014, the secondary latch may not hold. Nissan has not yet found the root cause of the problem or how to fix it, and cannot definitely say whether the recall in North America will have to be expanded again. "Altima drivers can be sure their hood will not fly up as long as they don't pull the primary hood release while driving or leave the primary ...

VW will probably drop two-door Polos in cost-cutting drive BERLIN: Volkswagen will probably stop making two-door versions of the Polo hatchback, one of the German brand's top models, as Europe's largest carmaker accelerates cost cutting at its core division, company sources said.The VW brand will launch an overhauled Polo in 2017 and may stop producing two-door versions as demand for those is falling, two sources familiar with the matter told Reuters on Friday, adding the next-generation Polo would only come with four doors.The Polo, ...
2,200 jobs go up in smoke as SAP heads to cloud FRANKFURT: German software giant SAP said Friday that it would eliminate 2,200 positions as it accelerates its shift to delivering businesses its accounting and management applications via the Internet "cloud", but would avoid forced layoffs.SAP intends to "cut three percent of positions ... over the short to medium-term," a spokesman said Friday, confirming plans reported by Bloomberg News.That would make for 2,250 jobs in the company that employs 74,400 people. The plan does not include ...
Malaysia Airlines increases aircraft tracking rate after MH370 KUALA LUMPUR: Malaysia Airlines has increased the frequency with which its aircraft are tracked, the carrier said on Friday, a safety enhancement spurred by the still unexplained disappearance of flight MH370 one year ago.Since the plane went missing on March 8 of last year, Malaysia's government has repeatedly urged the adoption of systems that provide greater tracking of aircraft to guard against a recurrence.Global aviation authorities have agreed, and last month an international aviation summit ...
Hungary aims to cut unemployment below 3pc by 2018 BUDAPEST: Hungary aims to cut its jobless rate below 3 percent by 2018 through public works schemes and other incentives to boost job creation, Prime Minister Viktor Orban said on Friday."By 2018 we should boost the proportion of public employment programmes and take measures that encourage employment so that we can reach full employment," Orban told a business forum."This means that the unemployment rate must fall below 3 percent," he said. The next parliamentary election ...
Sharp asks turnaround fund for help, on top of aid from banks TOKYO: Loss-making Sharp Corp has asked a domestic corporate turnaround fund to invest up to $250 million in capital - aid which would come on top of plans to tap its two main lenders for a second major bailout, a source said on Friday.Weak sales of smart phone screens in China, aggravated by an unexpected comeback by rival Japan Display Inc, have derailed Sharp's recovery efforts. It has warned of its third annual net loss ...
German industrial output sees surprise uptick in January BERLIN: German industrial production grew more than expected in January while the figure for December was corrected sharply upward, data showed on Friday.According to regular data compiled by the economy ministry, factory output increased 1.0 percent in December corrected for seasonal factors, far higher than the 0.1 percent announced initially.In January, the figure climbed 0.6 percent compared to the previous month, better than the 0.4 percent consensus forecast published by financial services firm FactSet. Analyst ...


Index Closing Chg%
Arrow DJIA 17,856.78 1.54
Arrow Nasdaq 4,927.37 1.11
Arrow S&P 2,071.26 1.42
Arrow FTSE 6,911.80 0.71
Arrow DAX 11,550.97 0.41
Arrow CAC-40 4,964.35 0.02
Arrow Nikkei 18,971.00 1.17
Arrow H.Seng 24,164.00 0.12
Arrow Sensex 29,448.95 0.23

ICT 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.703 bln
Exports $2.156 bln
Imports $3.859 bln
WeeklyFebruary 26, 2015
Reserves $16.137 bln