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Reuters

Switzerland launches WTO action over US steel, aluminium tariffs

10th July 2018 Switzerland has launched a complaint at the World Trade Organization against US tariffs on steel and aluminium, it said on Tuesday, the eighth WTO member to start such a challenge. "From Switzerland's point of view, the additional duties, which according to the US have been introduced to protect... 

Nissan admits to more testing misconduct for cars sold in Japan

9th July 2018 Nissan Motor said on Monday it had improperly measured exhaust emissions and fuel economy for 19 vehicle models sold in Japan, the second case in less than a year where misconduct has been discovered in its inspection processes. Nissan said it had found sample test environments for emissions and... 

Better Capital says no approval for Chinese aerospace sale

9th July 2018 UK private equity firm Better Capital PCC said on Monday its sale of Northern Aerospace Ltd to a Chinese buyer had fallen through after it failed to get approval from Britain's competition regulator. The Competition and Markets Authority last month launched a probe into the sale of the airplane... 

Gabon oil workers start 15-day strike at Total facilities

9th July 2018 Gabon oil workers' union ONEP launched a 15-day strike at the facilities of French oil producer Total on Monday after its demands for higher salaries and other issues were not met, the union said in a statement. "The 15-day strike will affect all installations operated by Total Gabon's employees... 

Tesla raises car prices in China -Electrek

9th July 2018 Tesla Inc has raised prices on its Model X and S cars by over $20 000 in China, automotive news website Electrek reported on Monday, making it one of the first US carmakers to hike prices in the wake of rising trade tensions. China slapped retaliatory tariffs on US car imports in response to... 

McKinsey overhauls South African office after graft scandal

9th July 2018 McKinsey has made sweeping changes to its South Africa business to try to rebuild its reputation following an ill-fated deal with friends of scandal-plagued former President Jacob Zuma. Kevin Sneader, who started as McKinsey's global managing partner last week, announced on Monday that the firm... 

MTN Uganda says security personnel raided its data centre

6th July 2018 MTN Uganda, a unit of the South African telecoms firm, said security personnel had raided its data and disconnected four of its servers. The firm said in a July 3 letter to the State-run telecommunications regulator that it had "reported to police a case of illegal intrusion into the data centre... 

Ethiopia needs $7.5bn to finish megaprojects – PM

6th July 2018 Ethiopia needs $7.5-billion to finish infrastructure projects such as a massive dam and roads that the government hopes will drive industrialisation, the new prime minister said on Friday. Speaking to parliament before its vote on the 2018/19 budget, Abiy Ahmed said the government needed to be... 

Russia raises duties on US goods in response to trade restrictions

6th July 2018 Russian Prime Minister Dmitry Medvedev has signed a decision imposing extra duties of 25% to 40% on some imports from the US in response to Washington's tariff move, the Russian economy ministry said on Friday. The extra duties will apply to imports of fiber optics, equipment for road... 

Chilean miner Mantos Copper seeks buyer to help finance expansion

6th July 2018 Private equity-backed Chilean miner Mantos Copper is looking to find a buyer to help finance the expansion of mines it bought from Anglo American in 2015, it said. The company's owner, a consortium led by British investment company Audley Capital Advisors and Orion Mine Finance Group, bought... 

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