Carlos Ghosn, chairman of both firms, said on Tuesday said that a full merger of Japanese car makers Mitsubishi Motors Corp (MMC) and Nissan Motor Co Ltd is not on the table. “Full merger is not on the table. We want Mitsubishi to reform itself,” said Ghosn. The chairman was attending the opening ceremony of…
The seriousness with which U.S. President Donald Trump is viewing his intention to enforcing trade rules was exhibited by the U.S. governments’ new tariff averaging 20 percent on Canadian timber imports, said the Commerce Secretary Wilbur Ross. “The Trump administration has been much more focused on enforcement than had been true previously,” he said, taking a…
On the way to surpassing Ford Motor Co’s market value, many risks with the technology in his company’s cars was taken by Tesla Inc Chief Executive Elon Musk. Now in the factory that makes them, Musk is pushing boundaries. Once they deliver doors that fit, body panels with the right shape and dashboards that don’t…
The head of the biggest U.S. business lobby group said that by the middle of next year, a basic accord over reworking the North American Free Trade Agreement (NAFTA) would most likely be reached by the United States, Mexico and Canada. Pledging to ditch it if he could not rework terms in favor of the…
Investors, venture capitalists and regional start-ups gathered on the Indonesian island of Bali to discuss the future of tech in the world’s fourth most populous and the broader region, while U.S. Vice President Mike Pence visited Jakarta, Indonesia, this week to discuss bilateral trade issues as part of his 10-day trip to Asia. “What’s happening politically with…
An estimated $1.4 billion windfall and Elon Musk, the carmaker Tesla’s billionaire chief executive officer, is now separated by only six remaining milestones that still stand between them. According to a proxy statement filed on Thursday, Musk has achieved six of the 10 operational goals to date, up from five at this time last year.…
As part of a plan to stimulate an economy squeezed by low oil prices and spending cuts, Saudi Arabia Finance Minister, Mohammed Al-Jadaan said, that the country may offer “almost interest-free” loans to companies in labor-intensive industries. Al-Jadaan said in an interview on Thursday in Washington, where he’s attending International Monetary Fund and World Bank…
Despite withdrawing its ride-hailing service from Denmark and facing the possibility of an EU court ruling that could mean tougher rules for the firm, and Uber executive reportedly told the media that Uber Technologies sees opportunities to expand in the Europe Union. Before imposing other requirements that meant Uber could no longer operate there and…
A large number of companies across the globe are in the process of stripping down their data centers and taking advantage of emerging cloud technologies and it is such companies that have helped Amazon Web Services to win business worldwide. However, there is a very different reason for some companies to change from a server based…
Microsoft will have “a lot of work to do”, even though the company is in a good position to take on Amazon in cloud computing, ex-Chief Executive Steve Ballmer said in a TV interview on Tuesday. The competition against Amazon Web Services will be tough for Microsoft, even though the U.S. technology giant has strong products in Azure…
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