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Exploding Takata airbag hurts another US driver: Honda TOKYO: Another exploding Takata airbag has left a US driver hurt, after a crash in a Honda car last month, the Japanese auto company said Tuesday, the latest in a series of problems that have sparked huge recalls.About 20 million vehicles produced by some of the world's biggest automakers are being recalled due to the risk their Takata-made airbags could deploy with excessive explosive power, spraying potentially fatal shrapnel into the vehicle. The problem has been linked to at least five deaths globally."We have discovered that an injury to a driver in Florida on March 20 was caused by the abnormal rupture of a Takata-made airbag," a spokesman for Honda told AFP in Tokyo, adding the company was now probing the case.The car in question was a 2003 Civic sedan, he said. "We've been told that the driver was hit by a piece of flying metal when the airbag exploded," ...

Nokia nears purchase of Alcatel-Lucent wireless business: reports PARIS: Finland's Nokia is in advanced talks to acquire the wireless infrastructure business of telecom firm Alcatel-Lucent, reports said Monday.The announcement of a deal could come "quickly", an unnamed source told French business newspaper Les Echos, while Bloomberg News quoted sources as saying Nokia could announce an agreement "as early as this week".Rumours have swirled since December of a possible deal between Nokia and its Franco-American rival, and Les Echos said executives had been in ...
Smartphone device may help diagnose cancer MIAMI: A new device that can be added to a smartphone may be able to accurately and cheaply diagnose cancer, a technology which could be useful in remote areas, US researchers said Monday.Known as D3, the add-on is designed to be used by medical experts, not the general public, and so far appears as accurate as more involved and costly tests in current use, but at a price of a mere $1.80 per patient.The research ...
Qualcomm rejects hedge fund call for split NEW YORK: Qualcomm on Monday rejected a call from an activist investment firm to break up the US tech giant into groups focused on chip manufacturing and licensing of its technology.The California group known for its big role in smartphone chips said it "welcomes input from our stockholders" including the proposal from Jana Partners made at an investor conference.But Qualcomm said its board and management "periodically review our corporate structure" and have concluded that "synergies ...
Workers urge Volkswagen to end bitter leadership battle BERLIN: Employees at German auto giant Volkswagen urged management Monday to settle a bitter power struggle and focus instead on running Europe's biggest carmaker following media reports of strained relations between VW's supervisory board chief and its CEO. "We ask that the focus should return to the successful day-to-day running of the company and its 600,000 employees, rather than on debates that fill newspapers," the head of VW's general works committee Bernd Osterloh told the ...
VW chairman appears isolated on board after CEO criticism BERLIN/STUTTGART: Volkswagen Chairman Ferdinand Piech is facing growing resistance within the supervisory board to his criticism of Chief Executive Martin Winterkorn, deepening a leadership crisis at a time when Europe's largest carmaker is struggling to revive profits.Piech on Friday publicly withdrew his confidence in Winterkorn who has been at the helm of the automaker since 2007, telling German magazine Der Spiegel he has "distanced" himself from the CEO.Piech's remark, exposing unusual dissent between VW's two ...
Airbus needs more time to decide on A380 changes PARIS: Airbus will not abandon its A380 jumbo jet programme despite slow sales, its chief executive told Les Echos newspaper, and needs more time to decide whether to redesign its engines as major customer Emirates Airline has requested. Emirates, the leading buyer of the existing A380 jet with 140 orders, has been pushing Airbus to revamp the plane with newer engines, a move that could lower the number of seats airlines must sell to break ...


Index Closing Chg%
Arrow DJIA 18,037.97 0.23
Arrow Nasdaq 5,060.25 0.63
Arrow S&P 2,108.92 0.41
Arrow FTSE 7,103.98 0.47
Arrow DAX 12,039.16 1.93
Arrow CAC-40 5,268.91 1.30
Arrow Nikkei 19,983.32 0.18
Arrow H.Seng 28,433.59 1.33
Arrow Sensex 27,176.99 0.95

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln