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The state of Baden-Wuerttemberg plans to ban older diesel cars with engines conforming to the Euro 4 emissions standard, which stems from 2005, in Stuttgart in 2019. A ban on diesel cars adhering to the Euro 5 emissions standard, which applied to vehicles made from 2009, is still before the court. A local administrative court in June said driving bans would be imposed unless values for nitrogen oxide pollution were met by the end of year. From February 2019 diesel cars made to Euro 4 standard and older will be prohibited from entering the city center, the administrative court in Wiesbaden ruled in September designer cufflinks online uk sale. The air pollution control plan, to be updated by the state of Hesse, must also include a driving ban for diesel vehicles of the Euro 5 standard from September 2019..
In October, the administrative court ruled that by the end of June 2019, cars and trucks with diesel engines that comply only with the Euro 5 or lower emission standard, should not be allowed to drive on at least eleven routes. In Munich, city authorities have not implemented a court ruling from February 2017, to ban some diesel vehicles on certain routes, despite facing fines for their failure to do so designer cufflinks online uk sale. In Duesseldorf a court ordered, as early as 2016, that a driving ban for diesel vehicles should be seriously examined. Despite that, in August 2018 the district government of the city presented a new air pollution control plan without driving bans..
TOKYO (Reuters) – Toshiba Corp (6502.T) announced on Thursday it is shedding assets, cutting jobs and buying back its stock starting this week, sending its shares up 13 percent, as the once-mighty Japanese conglomerate aims to regain investor confidence designer cufflinks online uk sale. The company announced it is liquidating its British nuclear power unit and selling its U.S. liquefied natural gas (LNG) business to China’s ENN Group as part of a new five-year business strategy, which also includes 7,000 job cuts, or 5 percent of its workforce, over five years..
Toshiba’s shares surged 12.7 percent to close near two-year highs after the announcement, helped also by a much anticipated move to repurchase up to 40 percent of its own shares starting Friday. The 143-year-old company has been trying to win back the market’s trust after a 2015 accounting scandal uncovered widespread irregularities at the laptops-to-nuclear conglomerate for years designer cufflinks online uk sale. The scandal forced it to recognize huge cost overruns at now-bankrupt U.S. nuclear unit Westinghouse, prompting it to sell its prized memory chip unit earlier this year to a consortium led by U.S. private equity firm Bain Capital and leaving it with few growth businesses..
“There had been reports about a possibility of selling non-performing business and job cuts so such moves had been expected at some point. But investors are taking heart,” said Hiroyuki Fukunaga, chief executive of Investrust, a financial advice firm designer cufflinks online uk sale. “The share buyback announcement worth up to 40 percent of outstanding shares is definitely positive, too.”. Toshiba had already promised a share buyback of 700 billion yen earlier this year, but the timing had been undecided. Its announcement on Thursday appeared to outweigh a weaker profit forecast – the company said it now expects a full-year operating profit of 60 billion yen rather than a previous estimate of 70 billion yen..