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Exclusive: South Africa seeks to unlock stalled arms sales to Saudi, UAE

South Africa aims to free up over a billion dollars in stalled weapons sales, including to Saudi Arabia and United Arab Emirates, by amending a document at the heart of an export row, a senior arms control official told Reuters.



5 years ago

Volkswagen says restart of some China plants postponed until February 17

Volkswagen has postponed restarting production at most China plants in its joint venture with SAIC Motor and the Tianjin plant in its JV with FAW Group until Feb. 17 amid the coronavirus epidemic.



5 years ago

Tesla can get support for German factory: Economy Minister

Tesla could get state subsidies in its plan to set up a gigafactory in Germany, the country's economy minister told a weekly newspaper.



5 years ago

Indexes drop from record highs, but tally strong weekly gains

Wall Street fell from record levels on Friday after a four-day rally as investors digested the monthly U.S. jobs report and braced for the next coronavirus developments, but stocks still posted solid gains for the week.



5 years ago

Bank of America CEO Moynihan's 2019 compensation unchanged at $26.5 million

Bank of America Corp kept Chief Executive Officer Brian Moynihan's 2019 compensation flat at $26.5 million, according a filing on Friday.



5 years ago

Apple to delay reopening of retail stores in China

Apple Inc is extending its retail store closures in China due to the coronavirus outbreak, even as it worked toward opening its corporate offices and contact centers, the iPhone maker said on Friday.



5 years ago

Airbus likely to acquire Bombardier's remaining stake in A220 passenger jet: sources

Europe's Airbus SE is likely to acquire Canadian plane and train maker Bombardier Inc's remaining stake in the A220 passenger jet program, two industry sources said.



5 years ago

Lockheed Martin drops out of Singapore Airshow over coronavirus concerns

U.S. weapons maker Lockheed Martin Corp said on Friday it will not participate in next week's Singapore Airshow over coronavirus concerns.



5 years ago

Treasury's Mnuchin sees U.S. GDP growth less than 3% in 2020

Treasury Secretary Steven Mnuchin said on Friday he expects 2020 U.S. GDP growth to be less than 3%, partly due to problems at Boeing Co , which halted production of its 737 MAX planes over safety issues.



5 years ago

Shanghai government to help Tesla resume production amid coronavirus epidemic

U.S. electric carmaker Tesla's factory in China's financial hub of Shanghai will resume production on Feb. 10 with assistance to help it cope with a spreading epidemic of coronavirus, a Shanghai government official said on Saturday.



5 years ago

7-Eleven is the next retailer to test cashierless stores

TechCrunch | Sarah Perez | Feb 6, 2020 7-Eleven is the latest retailer to test the “cashierless” store concept, following Amazon’s big push into the market with its Amazon Go convenience stores that use technology, instead of people, to monitor stock levels, track purchases and process payments. This week, 7-Eleven announced it’s piloting its own

5 years ago

Foxconn, Chinese firms refit production lines to make masks amid virus outbreak

A number of Chinese manufacturers including a subsidiary of Apple Inc partner Foxconn have refitted production lines to make masks and medical clothing, as a deadly coronavirus spreads across China.



5 years ago

Fish talks: U.S. official says successful talks crucial for WTO

The United States said on Thursday it was pushing hard for the World Trade Organization to reach agreement on cutting fishing subsidies in coming months and viewed those talks as a test of whether the global body can still achieve multilateral deals.



5 years ago

Boeing's fraying 737 MAX suppliers see capacity crunch

Boeing Co suppliers are shedding jobs and capacity to cope with a halt in 737 MAX output, but while that staves off chaos, aerospace executives worry the industry might be unable to ramp factories quickly enough when the plane wins approval to fly again.



5 years ago

U.S. payroll gains seen picking up, benchmark revisions under spotlight

U.S. job growth likely picked up in January, with unseasonably mild temperatures seen boosting hiring in the weather-sensitive sectors, indicating the economy will probably continue to grow moderately despite a deepening slump in business investment.



5 years ago