WAITING to see if your checked bag will bump down the carousel and join you at your destination is one of the enduring anxieties of air travel. Though the number of “mishandled” bags—an industry term meaning lost or misplaced—is at an all-time low, six out of every 1,000 passengers can expect to be separated from […]
Read moreProSiebenSat.1 Media SE said it was looking for possible external investors to back its content production and digital commerce businesses, potentially via separate stock market listings. “The company will enter discussions with interested third parties regarding a potential co-investment in or business combinations with its content production and digital commerce businesses through their respective holding […]
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Nissan Motor and its alliance partner Renault are setting up a new joint venture in China with Dongfeng Motor Group to design and build electric cars, joining a list of global automakers aiming to make such vehicles in China. The automakers are attempting to tap into a boom for such cleaner “new energy” vehicles in […]
Read moreWith hundreds of auto dealerships closed and vehicle imports slowing down, or in some cases stopping completely, Hurricane Harvey is slamming the brakes on the auto industry in southeastern Texas. By extension, the entire industry will feel the impact of the storm that continues to inundate the Houston area. “This is bad; real bad,” said […]
Read moreUninsured losses from Hurricane Harvey in the Houston region and along the Gulf Coast of Texas could rival those seen 12 years ago after Katrina leveled New Orleans and flooded other areas in Louisiana, Mississippi and Alabama, Farmers Group CEO Jeff Dailey told CNBC on Monday. “Unfortunately, the penetration of the National Flood [Insurance] Program […]
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Japan wants Britain’s exit from the European Union to be predictable and transparent so that Japanese companies can continue to operate smoothly in the country, a senior government official said on Monday. Deputy Chief Cabinet Secretary Yasutoshi Nishimura said the government would do its utmost to gather information on the Brexit negotiations, which he said […]
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Burger King has waded into the cryptocurrency market with the launch of its own virtual coin called “WhopperCoin” in Russia. With each purchase of the burger chain’s signature Whopper sandwich, customers can receive WhopperCoin tokens via a digital wallet. Bitcoin traders have previously gotten a lot of flak in Russia, with reports last year suggesting […]
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The tables have turned in the race to become the next chancellor of Germany. Martin Schulz, the head of the German Socialist Party, has dropped 10 percentage points in the opinion polls since last March – posing an increasingly smaller threat to the long-standing leadership of Angela Merkel. Schulz has gone on the offensive, attacking […]
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The prestige of the U.S. dollar is being questioned as the currency weakens and competitors such as the euro and the renminbi gain strength, an investment manager told CNBC Monday. Though the U.S. economy has been performing well and the Federal Reserve has signaled further interest rate hikes, investors have been concerned over when and […]
Read moreAt the start of the third round of Brexit talks, only one thing seems clear: the division between Brussels and London. The EU’s chief negotiator Michel Barnier said last June that the third round of negotiations should be about clarification, but after the U.K. published a few papers outlining its position, it is evident that […]
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