• Ford, VW to announce global alliance today

      Ford, VW to announce global alliance today

      Volkswagen Group and Ford Motor are expected to unveil an alliance on Tuesday that would reportedly combine forces on commercial vehicles and is likely to expand into joint development of electric and self-driving technology. Even though the details of the partnership are still a mystery, the move is aimed at saving the automakers billions of dollars.

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    • China cuts taxes to offset slowdown

      China cuts taxes to offset slowdown

      China is currently considering to cut taxes, raise the maximum income levels for tax exempt companies, step up spending and provide financing to private and small enterprises, in order to offset country's worst slowdown since the global financial crisis in 2008 and the impact of its tit-for-tat trade war with the US. In the meantime, Beijing is confident it can keep the value of the currency, the yuan or renminbi, steady while maintaining a stable but flexible monetary policy.

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    • Volkswagen sets new all-time record for most car sales

      Volkswagen sets new all-time record for most car sales

      In 2017 VW Group posted a monster sales year with 10.7m vehicles delivered, making it one of the largest automakers in the world. But not the largest. That honor went to the Renault-Nissan Alliance, whose acquisition of Mitsubishi helped place it at number one. In 2018, however Volkswagen has struck back with 10.83m vehicles delivered worldwide, a new all-time record for any automaker.

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    • The eye-popping gems of CES2019

      The eye-popping gems of CES2019

      The largest technology conference in the world - Consumer Electronics Show CES 2019, kicked off the year with a mouthwatering look at all the juicy cutting edge tech we can expect to follow. Covering over 2.9m square feet, the show presented to over 190, 000 attendees many evolutionary gadgets and technologies with the potential to change the lives of billions of people. With the nearly 1,200 new startups debuting products at the show, CES also became the largest incubator in the world.

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    • Toyota recalls another 2m vehichles due to Takata airbags

      Toyota recalls another 2m vehichles due to Takata airbags

      In the ongoing saga of the Takata airbag scandal, which caused one of the largest recalls in United States history, Toyota is recalling once again millions of vehicles worldwide for issues with air bag inflators. More precisely, in this latest recall, Toyota is recalling 1.7m vehicles globally including cars from model years 2010 through 2015.

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    • Denmark launches European Silicon Valley

      Denmark launches European Silicon Valley

      Denmark plans to build nine artificial islands in southern Copenhagen in a bid to attract businesses, the government announced, amid a housing and office space shortage. The aim is to attract some 380 companies to the area, located near Copenhagen airport, and create 12,000 jobs, adding more than $8bn to the economy.

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    • US-China trade talks conclude with success

      US-China trade talks conclude with success

      China’s Foreign Ministry announced Wednesday that its trade talks with the US in Beijing had wrapped up, and that results would soon be released. Yet, the length of the negotiations, which extended into an unexpected third day, already fuels optimism that the world’s largest economies can finally strike a trade deal to avoid an all-out confrontation that would severely disrupt the global economy.

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    • Airbus met 2018 delivery target prior to final audit

      Airbus met 2018 delivery target prior to final audit

      Airbus operationally hit its main industrial target of 800 aircraft deliveries in 2018 after record handovers in December, according to people close to the matter. The final number is subject to ongoing auditing checks, with raw delivery data standing on the 800 threshold, but Airbus is said to be optimistic that the company has averted its first ever missed delivery goal.

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    • PlayStation 4 sales hit 91.6m units globally

      PlayStation 4 sales hit 91.6m units globally

      As of 31 December 2018, PlayStation 4, has officially sold more than 91.6m units globally. The 2018 holiday season alone saw over 5.6m PlayStation 4 units being purchased, pushing the system to its new sales milestone, Sony Interactive Entertainment announced. 

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