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WASHINGTON, United States (AFP) — Volkswagen AG said on Tuesday it had a “concrete draft” for a $4.3 billion deal to settle the US criminal case surrounding the emissions-cheating scandal known as “dieselgate.” The German automaker said it was in advanced discussions with the US Justice Department and US Customs and Border Protection to settle the criminal investigation and pay fines but this was subject to approval by VW’s board. It could be approved as […]
Volkswagen brand chief Herbert Diess says the company must “assume all responsibilities” after a Volkswagen executive was arrested in the US on conspiracy charges in the “dieselgate” emissions-cheating scandal. Speaking at the Detroit auto show, Diess also says he hopes American customers “will give us another chance if we behave correctly.” https://youtu.be/dyD4kU7_3CU
SAN FRANCISCO, United States (AFP) — Yahoo confirmed on Monday that chief executive Marissa Mayer will quit the company’s board after its merger with Verizon. Mayer is expected to remain with Yahoo’s core business, which is being bought by the US telecom titan. Yahoo is selling its main operating business as a way to separate that from its more valuable stake in Chinese internet giant Alibaba. The share-tending entity, to be renamed Altaba, Inc., will […]
BEIJING, China (AFP) — US fast-food giant McDonald’s will sell its mainland China and Hong Kong franchise business to a consortium of Citic Group and the Carlyle Group for up to $2.08 billion, the companies said Monday. Citic Limited, Citic Capital Holdings, Carlyle Group and McDonald’s will form a company that will act as the franchisee responsible for the chain’s business in mainland China and Hong Kong for 20 years, Citic Limited said in a […]
MANILA, Jan. 8 – The Philippines would continue to enjoy low interest rates for so long as the country’s macroeconomic fundamentals are kept intact, the Department of Finance (DOF) said. Based on the DOF Economic Bulletin submitted to Finance Secretary Carlos Dominguez III, maintaining good macroeconomic fundamentals is the best way to keep the local interest rates down as the US Federal Reserve raises its key policy rate. Dominguez pointed out, however, that the Philippines’ stable […]
WASHINGTON, United States (AFP) — Fiat Chrysler on Sunday announced it was creating 2,000 jobs in the United States, coming as President-elect Donald Trump has been publicly scolding automakers for investing in Mexico. The American-Italian firm will invest $1 billion by 2020 in two of its factories in the Midwestern states of Michigan and Ohio, where the new jobs will be based, the company said in a statement coming on the eve of the Detroit […]
(REUTERS) — As Samsung bounces back from the dark days of the exploding phone saga, things are looking a lot brighter going forward. The South Korean tech giant on Friday (January 6) saying fourth quarter operating profit looks good to come in at just under 8 billion dollars… That’s 50 percent higher than the year before, despite a 2 billion dollar hit from the infamous Galaxy Norte 7, which was pulled from shelves around the […]
QUEZON CITY, Jan. 6 (PIA) — Mayor Herbert Bautista has called on the city’s taxpayers, especially those renewing their business permits and licenses, to take advantage of the extended business days and hours in city hall offices involved in tax assessment and payments. The extended working days and hours that began January 3 would mean that all revenue-generating offices at city hall will be from 8 a.m. and even extend beyond 5 p.m. on […]
Reuters — U.S. President-elect Donald Trump on Thursday (January 5) targeted Toyota Motor Corp, threatening to impose a hefty fee on the Japanese automaker it if builds its Corolla cars for the U.S. market at a plant in Mexico. “Toyota Motor said will build a new plant in Baja, Mexico, to build Corolla cars for U.S. NO WAY! Build plant in U.S. or pay big border tax,” Trump said in a post on Twitter. Toyota, […]
HONG KONG, China (AFP) — Bitcoin neared record highs Thursday with the surging digital currency tipped to become a new safe haven asset as the world grapples with growing economic uncertainty. The unit broke the $1,100 barrier on the Bitcoin Price Index, an average of major exchanges, to continue a dizzying rise that made it the best performing currency of 2016. It has fluctuated wildly since it was created in 2009 and lost three quarters […]
LAS VEGAS, United States (AFP) — Taiwan-based electronics group Asus announced Wednesday it was launching a new smartphone which uses Google Tango 3D technology and allows users to experience augmented and virtual reality. The Zenfone AR is just the second handset to incorporate the Tango computing platform which allows for indoor mapping, augmented reality and more. The new device, unveiled by Asus at the Consumer Electronics Show in Las Vegas, is also one of a […]
LAS VEGAS, United States (AFP) — Chinese tech giant Lenovo announced Tuesday it was launching a smart home assistant powered by Amazon’s Alexa, becoming the latest firm to enter the market for voice-activated devices. The new Smart Assistant, to go on sale for $129, will compete with Amazon’s Echo speakers using the artificial intelligence developed by Amazon. Lenovo made the announcement ahead of the opening of the 2017 Consumer Electronics Show, which features a dizzying […]
