Ford Motor Co. said on Tuesday it will close its oldest factory in Brazil and exit its heavy commercial truck business in South America, a move that could cost more than 2,700 jobs as part of a restructuring meant to end losses around the world. Ford previously said the global reorganization, to impact thousands of jobs and possible plant closures in Europe, would result in US$11 billion in charges.Add your comment!
Theresa May will return to Brussels on Wednesday to continue talks on her Brexit deal. She will meet the President of the European Commission, Jean-Claude Juncker. Earlier, Brexit Secretary Stephen Barclay updated Cabinet on talks with the EU's chief negotiator, Michel Barnier.Add your comment!
Huawei Technologies founder Ren Zhengfei said “there’s no way the US can crush us”, according to an interview he gave to BBC. “The world cannot leave us because we are more advanced. Even if they persuade more countries not to use us temporarily, we can always scale things down a bit,” he said.Add your comment!
Senator Bernie Sanders launched his second bid for the White House on Tuesday taking direct aim at Donald Trump in an announcement that called the incumbent a racist and a pathological liar. Sanders, 77, joins an already crowded field of candidates vying for the Democratic nomination to run against Trump in 2020.Add your comment!
Superstar fashion designer Karl Lagerfeld has died, aged 85, in Paris following a short illness. The German designer, who was the creative director for Chanel and Fendi, was one of the industry's most prolific figures and worked up until his death.Add your comment!
The number of people in work in the UK has continued to climb, with a record 32.6 million employed between October and December, the latest Office for National Statistics figure show. Unemployment was little-changed in the three-month period at 1.36 million.Add your comment!
Global trade growth is on track to slide further the first quarter of 2019, the World Trade Organization said. WTO in September said it expects world merchandise trade growth will slow to 3.7% this year down from 3.9% in 2018.Add your comment!
Seven British Labour MPs have quit their party and set up as a group of independents, saying politics in Britain is “broken” and criticising Labour policy on Brexit and its failure to tackle anti-Semitism among its membership.Add your comment!
India and Argentina inked ten agreements including in defense, agriculture, space, pharmaceuticals, Antarctic cooperation, agriculture, IT and nuclear cooperation. Indian Prime Minister Narendra Modi and Argentine President Mauricio Macri, accompanied by a high-level official delegation and around 100 top industry representatives of Argentine companies held bilateral talks on Monday.3 comments
IBM is set to launch a research center in the Brazilian city of São Paulo focused on development of solutions around artificial intelligence. The AI center will be the first Latin American institution of IBM's AI Horizons Network. It will be jointly run by the company and the São Paulo Research Foundation (FAPESP) to pursue a disruptive research program, with the potential to promote paradigm shifts in AI.1 comment