By Tom Daly BEIJING (Reuters) – Chinese steel makers and aluminium smelters are closing some production starting next month to meet strict air quality standards for the winter. But, some analysts believe part of the reason for the October closures, which come before the major heating season begins in mid-November, is to clean the air […]
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HAMBURG (Reuters) – Volkswagen’s <VOWG_p.DE> fixes for diesel vehicles in Europe are running smoothly, a spokesman said after the company said its fixes in North America may cost 2.5 billion euros ($3 billion) more than expected. “We have to work more on the hardware,” he said. “Customers have to wait longer for their vehicles to […]
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By Tiisetso Motsoeneng JOHANNESBURG (Reuters) – South Africa’s central bank has told top lenders they cannot fire auditor KPMG, entangled in a scandal involving friends of President Jacob Zuma, because it might undermine financial stability, two sources with knowledge of the matter said. KPMG sacked its South African leadership two weeks ago after it found […]
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JOHANNESBURG (Reuters) – South Africa’s auditor general said on Friday it would retain KPMG as its auditor. KPMG sacked its South African leadership two weeks ago after it found work the accounting firm had done for companies owned by the Gupta family “fell considerably short” of its standards. The family has business links with President […]
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LONDON (Reuters) – A British charity seeking to buy land abutting the White Cliffs of Dover to secure the landscape for the nation says it has hit its target to raise one million pounds ($1.3 million) in just three weeks. The chalk cliffs, seen as a symbol of Britain’s identity as a proud island nation, […]
Read More (Reuters) – African budget airline Fastjet Plc said on Friday it would raise not less than $44 million, in part through a placing, to fund expansion in South Africa and Mozambique. Fastjet plans an accelerated bookbuild to raise gross cash proceeds of $28 million and would sell 60 million shares to Solenta Aviation Holdings Limited […]
Read More YAOUNDE (Reuters) – The government of one of Cameroon’s Anglophone regions ordered its border with Nigeria closed this weekend in response to calls by activists for protests to demand more rights for the country’s English-speaking minority. The move on Thursday represents an escalation in a crackdown on months of protest spurred by complaints about political […]
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By Nithin ThomasPrasad (Reuters) – Gold fell on Friday, inching towards the previous session’s six-week low as the dollar strengthened, with prices set for their biggest monthly fall this year. Spot gold declined 0.2 percent to $1,284.28 per ounce at 0434 GMT, on track to register a 2.8 percent decline in September, the largest monthly […]
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MELBOURNE (Reuters) – Former Western Force coach Dave Wessels has joined the Melbourne Rebels less than a month after the Perth-based side was cut from Super Rugby. The Force were officially dumped from Super Rugby on Sept. 5 following a protracted battle with the Australian Rugby Union after SANZAAR members agreed to ditch three teams […]
Read More (Reuters) – Petra Diamonds Ltd said on Thursday it had reached an agreement with South Africa’s National Union of Mineworkers (NUM) on pay at the company’s Finsch and Koffiefontein operations, ending a strike at the two mines. Employees would return to normal duties on Sept. 29, the company said in a statement. Petra added that […]
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TUNIS (Reuters) – The Tunisian navy has arrested more than 550 Tunisian and African migrants trying to sail to Europe in September, nearly three times more than last month, official data showed. Human traffickers increasingly use Tunisia as a launch pad for migrants heading for Europe as Libya’s coast guard, aided by armed groups, has […]
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ROME (Reuters) – Italy has launched a process that could end with Telecom Italia <TLIT.MI> being fined for failing to notify Rome that French media group Vivendi <VIV.PA> had assumed de facto control of the phone company, a government source said. Vivendi denies its 24 percent holding in Telecom Italia has given it effective control […]
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