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BEIRUT (Reuters) – Qatar’s emir will visit Beirut on Sunday for an Arab economic summit which has been marred by regional rifts and internal Lebanese disputes even before it began. FILE PHOTO: Amir of Qatar Sheikh Tamim bin Hamad bin Khalifa Al-Thani speaks during Doha Forum in Doha, Qatar, December 15, 2018. Qatar News Agency/Handout
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TOKYO (Reuters) – Arrested auto executive Carlos Ghosn improperly received 7.8 million euros ($9 million) in compensation from a joint venture (JV) between Nissan Motor Co (7201.T) and Mitsubishi Motors Corp (7211.T), the companies said on Friday. FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends the Tomorrow In Motion event on
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WASHINGTON (Reuters) – A federal grand jury in Detroit on Thursday indicted four managers at Volkswagen AG’s (VOWG_p.DE) luxury Audi unit as part of the U.S. government’s investigation into the German automaker’s diesel emissions cheating scandal, according to court documents. An Audi logo is pictured at the Frankfurt Motor Show (IAA) in Frankfurt, Germany September
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LONDON (Reuters) – Concern over China’s economic outlook and possible U.S. tariffs on European cars dragged stocks lower on Thursday, while an anti-climactic end to the latest chapter in the Brexit saga offered sterling a moment’s peace. FILE PHOTO: New one pound coins, which come into circulation today, are seen in London, Britain March 28,
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WYOMING, Mich. (Reuters) – Bob Roth makes no bones about his feelings towards U.S. manufacturing. Toyota trucks are shown on a car carrier for delivery after arriving in the United States in National City, California, U.S. June 27, 2018. REUTERS/Mike Blake The co-owner and chief executive of RoMan Manufacturing Inc, which makes transformers and glass-molding
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LONDON (Reuters) – Furious companies facing weeks more uncertainty over an ever closer Brexit lashed out at politicians on Wednesday, and warned of chaos at ports and catastrophic job losses if Britain failed to secure a withdrawal deal with the European Union. FILE PHOTO: British Prime Minister Theresa May gestures as she speaks during a
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WASHINGTON (Reuters) – General Motors code named its November announcement to cut nearly 15,000 jobs in North America and restructure itself “Turbo,” suggesting a leaner approach for the largest U.S. automaker would “accelerate its transformation.” A logo of General Motors is pictured at its plant in Silao, in Guanajuato state, Mexico, November 9, 2017. Picture
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PARIS (Reuters) – The French government is moving to dismiss Renault’s (RENA.PA) scandal-hit Chairman and Chief Executive Carlos Ghosn and has requested a board meeting to consider candidates to replace him, sources with knowledge of the matter told Reuters. FILE PHOTO: Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance, reacts during a news conference
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SACRAMENTO, Calif. (Reuters) – PG&E Corp’s announcement that it will file for bankruptcy, citing massive potential liability from deadly wildfires, puts California politicians in quandary, whether to offer a bailout or risk allowing the state’s largest private utility to fail. Pacific Gas and Electric (PG&E) trucks are seen parked on a road between homes destroyed
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Universal Entertainment Corp’s founder Kazuo Okada attends a news conference at the Tokyo District Court in Tokyo, Japan September 14, 2017. REUTERS/Issei Kato MANILA (Reuters) – Pachinko tycoon Kazuo Okada has asked the Philippine Stock Exchange (PSE) to block the proposed listing of Universal Entertainment Corp’s (6425.T) domestic unit, saying the Japanese gaming company has
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FILE PHOTO: Carlos Ghosn, Chairman and CEO of the Renault-Nissan Alliance, reacts during a news conference in Paris, France, September 15, 2017. REUTERS/Philippe Wojazer/File Photo PARIS (Reuters) – Ousted Renault-Nissan alliance (RENA.PA)(7201.T) chairman Carlos Ghosn was paid 7 million euros ($8 million) through a Dutch joint venture between Nissan and Mitsubishi (7211.T), French financial daily
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FILE PHOTO: The logo of Volkswagen is seen at their plant in Wolfsburg, Germany, April 12, 2018. REUTERS/Fabian Bimmer/File Photo BERLIN (Reuters) – Germany’s Federal Motor Transport Authority (KBA) is considering recalling more Volkswagen (VOWG_p.DE) cars due to its emissions, scandal, the Bild am Sonntag newspaper reported on Sunday. The KBA has opened an investigation
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(Reuters) – Elon Musk’s rocket company SpaceX will reduce its workforce by about 10 percent of the company’s more than 6,000 employees, it said on Friday. FILE PHOTO: The SpaceX headquarters is shown in Hawthorne, California, U.S. September 19, 2018. REUTERS/Mike Blake The company said it will “part ways” with some of its manpower, citing
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(Reuters) – One of Nissan Motor Co’s (7201.T) top executives has resigned, further rattling the Japanese automaker’s management team as it broadens an investigation into ousted Chairman Carlos Ghosn’s alleged financial misconduct. FILE PHOTO: Jose Munoz, Chairman of Nissan North America, speaks during the North American International Auto Show in Detroit, Michigan, U.S., January 9,
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(Reuters) – General Motors Co (GM.N) executives on Friday bucked gloomy forecasts for growth and sent the automaker’s shares soaring, promising investors stronger 2019 earnings and outlining ambitious plans for its Cadillac brand to challenge Tesla Inc (TSLA.O) in the growing electric vehicle market. FILE PHOTO: A General Motors sign is seen during the China
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FILE PHOTO: The logo of Nike is seen in Los Angeles, California, U.S., April 12, 2016. REUTERS/Lucy Nicholson/File Photo BRUSSELS (Reuters) – The European Commission has opened an in-depth investigation into the tax treatment of Nike Inc (NKE.N) in the Netherlands, saying this may have given the U.S. sportswear maker an illegal advantage. The Nike
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WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV (FCHA.MI) will pay more than $700 million to resolve lawsuits from the U.S. Justice Department and diesel owners over claims it used illegal software to allow 104,000 diesel vehicles to emit excess emissions, three people briefed on the matter said on Wednesday. FILE PHOTO: A Fiat Chrysler Automobiles
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