• Honda closes its only British factory as Brexit looms

      Honda closes its only British factory as Brexit looms

      The Japanese automaker Honda has become the latest business to announce plans to leave Britain as global forces reshape the car industry and the country prepares to exit the European Union. On Tuesday the carmaker confirmed it will shut down its only manufacturing plant in the EU, which lies in the English town of Swindon and currently employs 3,500 people. Thousands more jobs will be also put at risk at suppliers and other businesses.

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    • Coca-Cola HBC acquires Serbian company Bambi

      Coca-Cola HBC acquires Serbian company Bambi

      Soft drink bottler Coca-Cola HBC announced its acquisition of  Serbian biscuit, confectionery and snack maker Bambi for an enterprise value of €260m from private equity investor Mid Europa Partners. The deal is expected to close in the second quarter of 2019, a company statement reads.

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    • Airbus to stop producing A380 superjumbo

      Airbus to stop producing A380 superjumbo

      European aviation giant Airbus announced it will stop making its superjumbo A380 in 2021 after struggling to sell the world's biggest passenger jet. “Without Emirates, Airbus has no substantial order backlog and no basis to sustain A380 production after 2021,” Guillaume Faure, who is taking over as Airbus CEO from Tom Enders in spring, said.

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    • Google quits dependency on third-party chipmakers

      Google quits dependency on third-party chipmakers

      Google is reportedly stepping up its efforts to design its own in-house smartphone and data center chips by building a new team of engineers dedicated to the project in Bengaluru, an up-and-coming semiconductor site in the capital of the south Indian state of Karnataka. According to Reuters, over the past several months, Google has hired a bunch of chip engeneers to join the new 'gChips division' and currently the team includes at least 16 engineers and four recruiters, all poached from companies like Broadcom, Intel, NVIDIA, and Qualcomm. The team, however is expected to continue to increase in headcount.

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    • Intel builds a $8bn new manufacturing facility in Ireland

      Intel builds a $8bn new manufacturing facility in Ireland

      If there’s one thing Intel has been struggling with in the last years, it’s pumping out their CPUs. Not only has the 10nm fabrication process been delayed three years so far with no guarantee it will make it this year, but lately Intel’s 8th gen and 9th gen parts have suffered from low yields that have increased prices, reduced availability, and even forced them to return to 22nm in some cases. To change that, the multinational micro-chip producer Intel has reportedly filed a request for a huge expansion to its Irish manufacturing campus Leixlip.

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    • US-China trade talks resume next week, focus on intellectual property

      US-China trade talks resume next week, focus on intellectual property

      US negotiators are preparing to press China next week on longstanding demands that it reform how it treats American companies’ intellectual property in order to seal a trade deal that could prevent tariffs from rising on Chinese imports. A new round of trade talks begins in Beijing on Monday, after the most recent set of negotiations concluded in Washington last week without a deal and with the top US negotiator declaring that a lot more work needed to be done.

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    • Apple pays  France €500m in back taxes

      Apple pays France €500m in back taxes

      Apple has reached an agreement with French authorities over 10 years of back taxes, French media reported on Tuesday. According to the magazine L'Express, the US giant paid nearly €500m ($570m) to resolve the case in a confidential settlement reached in December.

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    • UN warns of currency  wars with global impact

      UN warns of currency wars with global impact

      Currency wars, widespread protectionism and billion-dollar losses could arise if the US and China fail to settle their trade differences before 1 March, the UN warned in a new study. Published by the UN Conference on Trade and Development (UNCTAD) on 4 February, the report said that while some countries would see a surge in exports, negative global effects were likely to dominate.

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    • EU debates banning Huawei from 5G networks

      EU debates banning Huawei from 5G networks

      The European Union is reportedly considering to ban Huawei from participating in the trading bloc’s next-generation mobile networks in a move that might both worsen company's troubles in a vital market and prevent Europe from remaining competitive with other regions when it comes to 5G networks. 

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    • WhatsApp, Instagram, Messenger to become one platform

      WhatsApp, Instagram, Messenger to become one platform

      Facebook's founder and CEO, Mark Zuckerberg, is currently considering a change in the online messaging game by combining WhatsApp, Instagram and Facebook Messenger into one unified platform. Until now, the three biggest messaging networks have been run as separate and competing products and after their integration the services will still continue to function as stand-alone apps. There is however one big “but” in the whole situation - at a much deeper level, their technical infrastructure will be one.

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