Friday , February 21 2020

International News

TSMC hires ex-Intel lobbyist to deal with US-China tensions

Bloomberg Taiwan Semiconductor Manufacturing Co, a major chipmaker to Apple Inc and Huawei Technologies Co, has recruited rival Intel Corp’s former top lobbyist Peter Cleveland to spearhead an unprecedented effort in Washington to mitigate impact from US-Chinese trade tensions. The world’s biggest contract chipmaker joins a growing number of companies ...

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Porsche defies car industry malaise with record sales

Bloomberg Porsche AG shrugged off widespread industry malaise, reporting record deliveries for last year and predicting that its first all-electric model Taycan will foster further growth in 2020. Global deliveries rose 10% to 280,800 cars in 2019, driven mainly by strong consumer appetite for the Macan and Cayenne sport utility ...

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UK’s economy unexpectedly shrinks amid rate-cut debate

Bloomberg The UK economy unexpectedly shrank ahead of the general election, casting doubt over whether there was any growth at all in the fourth quarter. The figures will add to concerns at the Bank of England (BOE), where officials are debating whether further stimulus is needed if economic weakness persists. ...

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Aston Martin in last-ditch funding talks with Stroll, Geely

Bloomberg Aston Martin Lagonda Global Holdings Plc is making a last-ditch effort to bring in fresh funding, with billionaire Lawrence Stroll closest to committing to buying a stake in the struggling UK luxury-car maker, according to people familiar with the matter. The Canadian investor and owner of the Racing Point ...

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US mulls reviving semi-annual talks with China for reforms

Bloomberg The Treasury Department is proposing that the Trump administration revive twice-yearly talks with China to discuss the economic relationship between the countries, according to people familiar with the matter. The talks — if they go ahead — would be separate from phase-two negotiations on a further trade deal that ...

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Ghosn’s escape leaves Kelly to face the music alone

Bloomberg Carlos Ghosn’s decision to flee to Lebanon last week effectively ended his legal prosecution in Japan, leaving former Nissan Motor Co executive Greg Kelly at the center of the sprawling case. Under Japanese criminal law, only minor accusations can be tried without a defendant, according to Nobuo Gohara, a ...

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