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…
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 mosquito borne virus known as Zika was declared to be an international public health emergency by the World health Organization (WHO) exactly one year ago. But the number of global infections continues to rise despite the best efforts of health officials, even though according to a WHO statement in November, Zika is no longer…
A debate among policy makers about their long-running stimulus programs has been intensified as Euro-area inflation accelerated more than forecast to effectively reach the European Central Bank’s goal. Beating the 1.5 percent median forecast in a Bloomberg survey, and noting the the fastest since early 2013 was the 1.8 percent annual increase in consumer prices in…
For participating in a scheme that siphoned millions from failing businesses and eventually cost the bank around 250 million pounds ($315 million), two former HBOS Plc bankers were convicted by a London jury. Found guilty of a string of fraud offenses that allowed the men for whom bribes, luxurious foreign travel and high-class escorts became the norm were…
Business leaders stress that “soft skills” have a large role in the technology revolution even while acknowledging a digital skills gap. Discussing in depth the impact of rapidly advancing technology on business and government Sberbank held its annual business breakfast at the World Economic Forum in Davos, Switzerland. Including speakers from MasterCard, Severstal, Dell and…
The possibility of graphic warning photographs and plain packaging appearing on bottles of alcohol, akin to the restrictions on tobacco that assume full force in May is being contemplated by Jared Brown, co-founder and master distiller behind Sipsmith, the micro-distillery in the vanguard of the craft gin movement in the UK. “Are they considering similar labels…
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