For Takata Corp., the embattled air-bag maker that’s seeking a buyer after causing the biggest safety recall in automotive history, Chinese-owned Key Safety Systems Inc. has emerged as the leading bidder. While clarifying that no final decision has been made, the Tokyo-based supplier said in a statement that an external committee appointed to spearhead Takata’s…
Heightening Apple Inc’s focus on the world’s fastest-growing major smartphone market as growth slows elsewhere, the U.S. company will begin assembling iPhones in India by the end of April, a regional minister says. Priyank Kharge, Karnataka’s information technology minister said that the U.S. company has tapped Taiwan’s Wistron Corp. to put together its phones in…
In the world’s most advanced market for next-generation tobacco products – Japan, a further boost to Philip Morris International Inc. has been handed over as the capacity constraints that have dogged the domestic launch of Japan Tobacco Inc.’s heated tobacco device will take a while yet to resolve, says a company executive. Yasuhiro Nakajima, vice…
Selling off some of the nation’s prized assets to prop up France’s nuclear industry would be one of their first tasks in office for whoever succeeds Francois Hollande as France’s president. Two government officials with direct knowledge of the matter were quoted in the media saying that compared to the 7.5 billion euros it has…
In order to back a House Republican plan to tax all imports and saying the proposal would “support American jobs and American-made products”, U.S. companies including major exporters General Electric Co and Boeing Co launched a coalition. Including companies like Dow Chemical Co, Eli Lilly and Co Pfizer Inc, and Oracle Corp, the group, comprised…
Contributing to the shake-up of supply flows across the globe are crude purchases in one corner of the oil market by a Chinese trader. Data compiled by Bloomberg show that loading as part of an assessment process operated by Platts used to set price benchmarks, China National United Oil Co. last month bought at least…
The startup plans on releasing a fleet of self-driving taxis for the 2020 Tokyo Olympics ZMP Inc, a Japanese robotics startup is set to be listed in the Tokyo Stock Exchange in the coming months. In 2016, ZMP was all set for its initial public offering, but it had to postpone since a client’s information…
Change has to come from the inside … A boycott movement which registered more than 200,000 account deletions from employees, convinced Travis Kalanick, Uber’s CEO, to end his tenure at U.S. President Donald Trump’s economic advisory council. However, SpaceX and Tesla’s CEO, Elon Musk has yet to be convinced as how why he should withdraw…
Industry experts are of the view that a gap in insurance policies is leaving the shipping industry vulnerable and the industry is increasingly at risk from cybersecurity attacks. As hackers become more capable, Cybersecurity has come into focus across the economy. Meanwhile, ships are more reliant on a range of electronic devices to operate. “This…
Germany’s business leaders say there’s a problem with the new president’s “America First” policy with Donald Trump stepping up criticism of the country’s colossal trade surplus. U.S. consumers and workers are the likely losers from many of his proposed restrictions, they say. After a top Trump administration official criticized German trade policies, the perils of…
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