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Jobs Would Be At Threat By Europe's CO2 Cuts: Chief Of French Carmaker PSA

There can be a threat to 13 million jobs in the auto sector in Europe because of the plans of the European Union to further cut down the threshold of the carbon dioxide (CO2) emissions from vehicles and to force auto makers to fast shift to making more of electric cars. This warning was issued by...

UK Bank Branches In EU Should Ensure Protection Of Deposits, Urges EU Banks Watchdog

In the eventually of Britain leaving the European Union without a deal on trade, the branches of British banks which are placed in the rest of the EU need to offer deposit account protection for customers of such branches. This has been urged by the EU banking watchdog.   According to the EU...

Record Number Of Robots Purchased By US Companies In 2018

According to the figures from the Association for Advancing Automation, an industry group based in Ann Arbor, Michigan, more robots than ever before were bought and installed by U.S. companies in 2018 as businesses of all sizes could afford them because of cheap prices and greater flexibility of...

Unmanned Combat Jet Developed In Australia Unveiled By Boeing

An unmanned, fighter-like jet which has been developed in Australia was unveiled by Boeing Co recently. The craft has been designed to fly alongside crewed aircraft and take part in combat at a fraction of the costs for manned crafts.   There is scope for modifications on the crafts and the...

UK Should Understand Threats From Chinese Telecom Firms: GCHQ

The potential "opportunities and threats" of using Chinese technology should be understood by the United Kingdom, said the country’s cyber-security agency.   The need for better cyber-security practices in the telecoms industry was stressed in a speech by Jeremy Fleming, director of the...

Tesla Delivers Its Model 3 In China Just Ahead Of Schedule

US based electric car maker Tesla has managed to beat its jinx of not being able to deliver cars on time as it delivered m\Model 3 cars in China slightly ahead of the schedule promised. The company hopes that this would help it to revive the falling sale which has been hit by the US china trade...

EU Threats Of Retaliation If US Imposes Auto Tariffs

Amidst rising tensions between the United States and the European Union over trade and trade related regulations, a threat of retaliation has been issued by the EU to the US if the latter foes ahead with its plan of imposing additional tariffs on vehicles imported into the country – including those...

Qatar Football World Cup Targeted By The Country To Create A Sports Sector Worth $20 Billion

Making use of the upcoming 2022 World Cup, the authorities in Qatar want to create a large sports sector in the country by attracting more sports companies to the Gulf state and aims to create an industry worth about US$20 billion according to media reports quoting officials from the country....

China Pledges To Curb Market-Distorting Subsidies Without Details: Reuters

Those subsidies to its domestic industries that allegedly distort the market would be stopped by China, said the second largest economy of the world according to a report published by Reuters. The report, based on information gathered from three people familiar with the U.S.-China trade talks in...

Executive Pay And Bonus To Be Linked To Carbon Reduction Targets At Chevron

The executive compensation at Chevron Corp would be tied to reductions of greenhouse gas emissions after the company sets targets for reduction which would be mandatory to achieve for executives. The company also plans to tie the rank-and-file bonuses to this condition. This was disclosed by the...

Immediate Need For Government Regulations Over Face Recognition Technology: Microsoft CEO

There is need for the United States to develop its own version of Europe’s new GDPR regulatory framework, said Microsoft CEO Satya Nadella at the World Economic Forum in Davos while stressing on the need for securing privacy on the internet.   And with regards to online regulations, Nadella...

China Reportedly Blocks Microsoft’s Bing Search Engine

A latest reports published in the Financial Times, the latest United States based technology service that has come under fire in China is Microsoft’s Bing search engine which reportedly has been banned in the country and consequently inaccessible to users inside China.   There were complains...
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