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World

Thursday, October 31, 2019

Toyota boosts presence in Poland on Brexit woes
World

Toyota boosts presence in Poland on Brexit woes

Toyota said on Monday that it would boost production of components for hybrid vehicles at its plants in EU member Poland, with local media reporting the choice of location was underpinned by uncertainty over Brexit. Toyota Motor Europe said it would inves
Updated 31 Oct, 2019 07:03am
Airbus A220s ordered to slow down over engine incidents
World

Airbus A220s ordered to slow down over engine incidents

The Airbus A220 should no longer use full power at high altitudes, Canadian and European air safety regulators have announced following several incidents with their engines, including one in which pieces came off in-flight. In an emergency airworthiness d
Updated 31 Oct, 2019 07:13am
South Africa to cut spending as debt rockets, growth slows
World

South Africa to cut spending as debt rockets, growth slows

South Africa's finance minister on Wednesday warned the country was faced with unprecedented levels of debt as state-owned companies continue to require massive bailouts. Africa's most developed economy is struggling with stagnant growth, record unemploym
Updated 31 Oct, 2019 06:49am
Fiat Chrysler, Peugeot in talks to create $50 billion car giant
World

Fiat Chrysler, Peugeot in talks to create $50 billion car giant

Fiat Chrysler and Groupe PSA, the maker of Peugeot and Citroen cars, announced Wednesday they were in merger talks that could propel them into the top ranks as the world's fourth largest automaker. The potential $50 billion tie-up, coming on the heels of
Updated 31 Oct, 2019 06:49am
Consumers underpin US economy as business spending slumps
World

Consumers underpin US economy as business spending slumps

US economic growth slowed less than expected in the third quarter as a further contraction in business investment was offset by resilient consumer spending, further allaying financial market fears of a recession. The Federal Reserve cut interest rates for
Updated 31 Oct, 2019 06:50am
Volkswagen confident despite braking car market
World

Volkswagen confident despite braking car market

German car giant Volkswagen said Wednesday it was confident of hitting financial targets despite a lower unit sales outlook, warning "vehicle markets will contract faster than previously anticipated in many regions". The Wolfsburg-based group now expects
Updated 31 Oct, 2019 07:03am
Japan retail sales jump
World

Japan retail sales jump

Japanese retail sales grew the most in 5-1/2 years in September, boosted by consumers accelerating spending to beat a national sales tax hike that kicked in this month, raising some concerns about a subsequent pullback in demand in the coming months. Japa
Updated 31 Oct, 2019 06:56am
France outshines Germany as euro zone economic gloom deepens
World

France outshines Germany as euro zone economic gloom deepens

Strong domestic stimulus is helping France shrug off a global slowdown even as export-dependent Germany heads closer to a recession, starkly divergent data on the euro zone's two leading economies showed on Wednesday. France saw national output rise 0.3%
Updated 31 Oct, 2019 06:58am
UK personal insolvency rate rises to eight-year high
World

UK personal insolvency rate rises to eight-year high

The number of people entering insolvency in England and Wales rose sharply in the three months to September compared with a year ago, according to official data that add to questions about the financial resilience of British consumers. The government's In
Updated 31 Oct, 2019 07:01am
Airbus cuts delivery forecast, profits
World

Airbus cuts delivery forecast, profits

Airbus cut Wednesday its forecast for the number of planes it will deliver this year as it finds it difficult to meet ambitious targets to speed up production, while profits held steady in the third quarter. The European plane manufacturer said in a state
Updated 31 Oct, 2019 06:47am
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