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Plans for VW’s electric car, known as “MEB entry” and with a production volume of 200,000 vehicles, are due to be discussed at a supervisory board meeting on Nov. 16, the source said. Another vehicle, the I.D. Aero, will be built in a plant currently making the VW Passat, a mid-sized sedan, the source said white gold diamond cufflinks uk sale. The Wolfsburg-based carmaker, which declined to comment on the plans, is also expected to discuss far-reaching alliances with battery cell manufacturer SK Innovation (096770.KS) and rival Ford (F.N), the source said..

The November 16 strategy meeting will discuss Volkswagen’s transformation plan to shift from being Europe’s largest maker of combustion engine vehicles into a mass producer of electric cars, another source familiar with the deliberations said white gold diamond cufflinks uk sale. VW’s strategy shift comes as cities start to ban diesel engine vehicles, forcing carmakers to think of new ways to safeguard 600,000 German industrial jobs, of which 436,000 are at car companies and their suppliers. An electric van, the ID Buzz, is due to be built at VW’s plant in Hannover, where its T6 Van is made, the source said..

To free up production capacity for electric cars in Hannover, VW’s transporter vans could be produced at a Ford (F.N) plant in Turkey, if German labor unions, who hold half the seats on VW’s board of directors, agree, the source added. VW and Ford are in “exploratory talks” about an alliance to develop self-driving and electric vehicles and to complement each other’s global production and sales footprints, Reuters reported last month white gold diamond cufflinks uk sale. Ford has strong sales and profits in the United States thanks to its exposure to the lucrative pickup truck segment, while Volkswagen dominates the market for passenger cars in Europe..

The companies are considering cooperation deals in the areas of commercial, electric and autonomous vehicles, although a final agreement will unlikely be announced at the November 16 strategy meeting at Volkswagen, the second source said. The details of a cooperation deal with Ford may take until the end of the year to be finalised, the second source said white gold diamond cufflinks uk sale. The German carmaker will mainly focus on debating the merits of converting its VW factories in Emden, Zwickau and Hanover, which all build combustion-engined cars, to electric ones under the plans being discussed by the board of directors, the source said..

Carmakers in Germany agreed on Thursday to spend up to 3,000 euros ($3,430) per vehicle to add more efficient exhaust filtering systems to cut diesel emissions, but failed to prevent bans on diesel vehicles by Cologne and Bonn. EU lawmakers have agreed to seek a 35 percent cut in car emissions by 2030 after a U.N. report called for dramatic steps to slow global warming white gold diamond cufflinks uk sale. Diess said to cut average fleet emissions of carbon dioxide in Europe by 30 percent by 2030, VW needs to raise its share offully electric vehicles to 30 percent of new car sales..

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The inquiry has also drawn criticism about the effectiveness of Australia’s financial regulators, putting pressure on ASIC to show it can rein in the industry gucci cufflinks silver uk sale. For the BBSW case, ASIC brought lawsuits against all of the country’s Big Four lenders alleging they rigged the rate but Westpac was the only one of the four to defend the case. The other three, Commonwealth Bank of Australia (CBA.AX), Australia and New Zealand Banking Group Ltd (ANZ.AX) and National Australia Bank Ltd (NAB.AX), agreed to settle before the matter went to hearings, and pay fines totaling A$125 million..

Justice Beach said ASIC’s argument that Westpac should pay A$58 million for 58 instances of wrongdoing had “all the irreconcilable atonality of a Schoenberg composition”, an apparent reference to the 20th century expressionist composer Arnold Schoenberg. A Westpac spokesman declined to comment on Friday gucci cufflinks silver uk sale. An ASIC statement quoted Commissioner Cathie Armour welcoming the decision, and saying: “ASIC’s actions have led to these successful court outcomes, and also contributed to new benchmark manipulation offences being enacted by Parliament”..

NEW YORK (Reuters) – The U.S gucci cufflinks silver uk sale. government on Thursday filed a civil fraud lawsuit accusing UBS Group AG (UBSG.S), Switzerland’s largest bank, of defrauding investors in its sale of residential mortgage-backed securities leading up to the 2008-09 global financial crisis. UBS was accused of misleading investors about the quality of more than $41 billion of subprime and other risky mortgage loans backing 40 securities offerings in 2006 and 2007, the Department of Justice said in a complaint filed with the federal court in Brooklyn..

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“The DOJ’s claims are not supported by the facts or the law,” it said in a statement. “UBS is confident in its legal position and has been fully prepared for some time to defend itself in court.”. U.S. officials are seeking unspecified fines against UBS under a federal law allowing it to pursue penalties up to the amounts the bank gained or others lost from alleged misconduct gucci cufflinks silver uk sale. The case is one of the last addressing alleged misconduct in the pooling and sale by large banks of mortgage securities that were a major cause of the financial crisis..

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In Thursday’s ruling, Morris ordered the government to issue a more thorough environmental analysis before the project can move forward. “The Trump administration tried to force this dirty pipeline project on the American people, but they can’t ignore the threats it would pose to our clean water, our climate, and our communities,” said the Sierra Club, one of the environmental groups involved in the lawsuit gold cufflinks tanishq uk sale. Trump supported building the pipeline, which was rejected by former President Barack Obama in 2015 on environmental concerns relating to emissions that cause climate change..

MOSCOW (Reuters) – Russian energy majors are putting pressure on Western oil buyers to use euros instead of dollars for payments and introducing penalty clauses in contracts as Moscow seeks protection against possible new U.S gold cufflinks tanishq uk sale. sanctions. Seven industry sources told Reuters that Western oil majors and trading houses have clashed with Russia’s third and fourth biggest producers, Gazprom Neft and Surgutneftegaz, over 2019 oil sales contract terms during unusually tough annual renegotiation in recent weeks..

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“It is part of the same trend – the Russian oil industry is working on mitigating new sanctions risks. The buyers in turn argue they cannot carry those risks so we are trying to find compromises,” said one source with a Western buyer involved in negotiations, asking not to be named as the talks are confidential. Russia has been under U.S gold cufflinks tanishq uk sale. and EU sanctions since 2014 when it invaded Ukraine’s Crimean peninsula. The sanctions have been repeatedly widened to include new companies and sectors, making it tough for Russian oil firms to borrow money abroad, raise new capital or develop Arctic and unconventional deposits..

President Vladimir Putin’s administration has been hoping for a thaw in relations with the United States since President Donald Trump came to power but Washington has imposed new sanctions instead, including on some of Russia’s richest people. Russian businesses are preparing for a new wave of sanctions expected in the coming weeks. The firms are trying to diversify away from dollar payments and tapping Asia for more of their financing and technology needs gold cufflinks tanishq uk sale. According to four industry sources, Surgutneftegaz asked buyers to be prepared to switch from dollar to euro payments in contracts, and insisted on buyers being effectively responsible for any losses arising from sanctions..

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But that is only part of the picture. “Even without this effect, the economy has lost considerable momentum compared with the first half of the year,” Commerzbank said. “Hardly any measures have been taken in recent years to make Germany a more attractive business location,” it added. “Indeed, the opposite has more often been the case.”. Germany’s loss of export momentum may be just as worrying as its car troubles and with the risks of a global trade war lingering, exports are unlikely to recover quickly and certainly not to last year’s level watch cufflinks uk sale.

GRAPHIC: Global trade in goods and surveys – tmsnrt.rs/2Quns7F. Japan’s economy will have shrunk by 0.3 percent in the third quarter, the second negative reading this year, figures due on Wednesday are expected to show. Like in Germany, the contraction is mainly due to one-offs, primarily the impact of natural disasters from typhoons to earthquakes. But also like in Germany, the exceptional events may hide the fact the growth trend is pointing lower. Japan’s expansion will be just above 1 percent for the year and growth may gradually slow in the coming years on declining labor market capacity, diminishing fiscal support and the limited capacity of monetary policy to provide stimulus watch cufflinks uk sale.

“GDP growth should return to a moderate positive gain in October-December,” Morgan Stanley MUFG Securities said in a note. “While the economy is currently in the late stage of a cycle, we maintain our view that it continues to moderately expand, mainly in domestic demand.”. The threats of tariffs on its massive car industry hold the potential for more volatility in growth with global politics likely setting the tone. Still, even with several big economies wobbling, U.S. growth remains robust and several key emerging markets are also performing well. And it is this backdrop which supports those economists who argue the recent soft patch is just that or, at worst, part of a moderate slowdown, not a downturn watch cufflinks uk sale.

(Reuters) – A federal judge in Montana halted construction of the Keystone XL oil pipeline on Thursday on the grounds that the U.S. government did not complete a full analysis of the environmental impact of the TransCanada Corp (TRP.TO) project. The ruling deals a major setback for TransCanada Corp and could possibly delay the construction of the $8 billion, 1,180 mile (1,900 km) pipeline. The ruling is a victory for environmentalists, tribal groups and ranchers who have spent more than a decade fighting against construction of the pipeline that will carry heavy crude to Steele City, Nebraska, from Canada’s oilsands in Alberta watch cufflinks uk sale.

U.S. District Court Judge Brian Morris’ ruling late on Thursday came in a lawsuit that several environmental groups filed against the U.S. government in 2017, soon after President Donald Trump announced a presidential permit for the project. Morris wrote in his ruling that a U.S. State Department environmental analysis “fell short of a ‘hard look’” at the cumulative effects of greenhouse gas emissions and the impact on Native American land resources. He also ruled the analysis failed to fully review the effects of the current oil price on the pipeline’s viability and did not fully model potential oil spills and offer mitigations measures watch cufflinks uk sale.

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Banks have started to complain increasingly about the Fed’s stress tests, saying the scenarios have become unrealistically severe and are proving an unnecessary drag on their capital. Morgan Stanley (MS.N) chief executive James Gorman said in October that it had been pushing the Fed to reconsider its approach to the tests. Quarles said the Fed was considering giving banks more insight into its stress testing model and scenarios button cover cufflinks uk sale. The Fed had resisted giving too much information on that front in the past, concerned that banks could find ways to pass the test without actually reducing risk. But Quarles argued close examination of banks by Fed supervisors could guard against that..

FRANKFURT (Reuters) – Two of the world’s biggest economies probably shrank last quarter, further proof that global growth is now past its peak and the risk of a downturn is rising. Germany and Japan are both expected to report negative growth figures in the coming days and even if a slew of one-off events are factored out, the underlying trend is weak and the outlook is fraught with risk, not least from a global trade war. For now, few economists predict a global downturn as the U.S. economy is motoring ahead, and most even see a rebound, perhaps in 2020. But the risks are skewed toward a more negative outcome as the global business cycle is entering a mature phase, already having left its growth peak behind in 2017 button cover cufflinks uk sale.

“It appears the global economy is hitting another major soft patch,” UBS said in a research report. “The deterioration in global ‘hard’ and ‘soft’ data is the most severe since the euro zone crisis.” button cover cufflinks uk sale. “We view the softness as transitory and we project consumption and investment to re-accelerate in 2020,” it added. “There is no precedent for a recession having started with accelerating investment growth, as is currently the case in Japan and the euro zone.”..

Advanced economies are suffering from capacity constraints, the global trade war is already undermining confidence and rising global interest rates, driven by tighter U.S. monetary policy, are weighing on financial markets. As if that was not enough, recent corporate earnings were on the weak side of expectations, China’s housing market continues to slow, the risk of a hard Brexit looms and Italy is locked in a battle with the EU over its budget. “As U.S. growth is strong and inflation is trending higher, Fed policy is getting tighter,” ABN Amro chief economist Han de Jong said. “Unfortunately, the rest of the world economy is not half as strong as the U.S.” button cover cufflinks uk sale.

“Given the U.S.’s leading role in the world economy and, more crucially, the importance of U.S. interest rates for global financial markets that creates a big problem,” he added. GRAPHIC: Contributions to changes in global GDP growth – tmsnrt.rs/2QrVhGp. The euro zone’s biggest economy is expected to report on Wednesday a 0.1 percent quarterly drop in GDP, its first negative reading in well over three years. Economists attribute the hiccup to the auto industry’s difficulty in adjusting to new emissions testing regulations, which help up production for months. They say that growth will resume once the bottleneck is cleared, which is expected late this year button cover cufflinks uk sale.

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A source told Reuters on Thursday that the board would discuss a far-reaching alliance with South Korean battery cell maker SK Innovation (096770.KS). BMW (BMWG.DE) is establishing a technology consortium with Northvolt and Belgium’s Umicore (UMI.BR) to develop a value chain for battery cells in Europe, including development, production and, ultimately, recycling. The company has also said it will purchase specific raw materials such as cobalt, and then make them available to battery cell suppliers as a way to secure a supply of electric car batteries gucci cufflinks amazon uk sale.

Daimler (DAIGn.DE) said it would add battery manufacturing capabilities to its Mercedes-Benz plants in Sindelfingen and Untertuerkheim in the southern state of Baden-Wuerttemberg. The company is already assembling batteries in its Kamenz plant in the eastern state of Saxony, but the factory relies on imported battery cells gucci cufflinks amazon uk sale. German auto parts and tire maker Continental AG (CONG.DE) formed a joint venture in March with Chinese auto parts supplier CITC to produce so-called mild hybrid batteries in China..

MEXICO CITY (Reuters) – Cabinet ministers from the United States, Mexico and Canada will sign a new trade agreement on Nov. 30, Mexico’s economy minister said on Thursday gucci cufflinks amazon uk sale. The deal will be signed in Buenos Aires, Argentina, the Mexican Economy Minister Ildefonso Guajardo told reporters at an event in Mexico City. Argentina is hosting the G20 international forum for governments and central bank governors. It was yet to be determined whether the presidents and prime minister will participate in the signing, Guajardo said..

ZHUHAI, China/LONDON (Reuters) – British electronics manufacturing company TT Electronics (TTG.L) is hoping its first attendance at China’s biggest air show with support from UK authorities will help it land a front-seat role in the production of the world’s next wide-body jet gucci cufflinks amazon uk sale. The Woking-based company is in the vanguard of British companies scouting for business in China this week as part of a charm offensive sponsored by the British government, four months before Britain is due to exit the European Union..

Its interest has been piqued by plans for a wide-body jet to be developed jointly by China and Russia, who unveiled the first life-sized model of their CR929 at Airshow China in a bid to break open the duopoly of Airbus and Boeing. “If the next twin-aisle aircraft is going to be a Chinese aircraft, we either get involved or we forget about China’s market of twin-aisle for the next 10-15 years,” Ben Fox, business development manager at TT Electronics, told Reuters gucci cufflinks amazon uk sale. The maker of sensors for planes, trains and hybrid vehicles supplies parts for the Boeing 777 and Airbus A350. But few major new projects are on the horizon and competition is cut-throat in the $800 billion aerospace parts industry..

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It is not clear what share of the $2.5 billion each of the three banks contributed. That contribution from VTB toward the $2.5 billion was separate to around $6 billion that, according to the nine sources, VTB provided to Qatar this year gucci cufflinks sale uk sale. In response to questions about the initial $2.5 billion in loans, VTB said it did not provide financing but it was the coordinating bank on behalf of Rosneft. Otkritie declined to comment. Gazprombank did not respond to questions. For the larger portion of the financing — the 5.2 billion euros loaned by Intesa — the Italian bank’s intention was to syndicate the loan, a common industry practice designed to spread the risk and dilute the burden on the bank’s own capital..

But two banking sources and a source familiar with the Italian side of the deal said the syndication failed because European banks approached by Intesa were worried about the risk that providing finance for Rosneft, even if indirectly, would result in them falling foul of Western sanctions on Russia. Rosneft and Sechin are both subject to U.S gucci cufflinks sale uk sale. sanctions. Intesa declined to comment. At the time of the December 2016 announcement and in the weeks afterwards, Russian officials spoke publicly of a long-term partnership with the new Rosneft shareholders, Qatar and Glencore..

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The SEC is already taking written comments and might consider rule changes next year in areas where a compromise is possible, such as raising the bar on submitting proposals. “It is important to regularly review whether our existing rules are achieving their objectives effectively in light of changes in our marketplace,” an SEC spokeswoman said in a statement. Responding to social, environmental and governance concerns of investors, top fund firms, such as BlackRock Inc (BLK.N) and Vanguard Group lately have backed high-profile shareholder proposal campaigns at companies like gunmaker Sturm Ruger & Co and energy giant Exxon Mobil gold plated cufflinks uk sale.

Both fund firms declined to comment on the roundtable, but have previously said they vote based on clients’ long-term interests. Proposals put forth by smaller firms and pension funds on areas like workforce diversity and boardroom elections have also gained ground in recent years. Business groups were heartened when President Donald Trump appointed as SEC chair Jay Clayton, a former Wall Street lawyer who pledged to ease burdens on listed companies. The Chamber of Commerce and the National Association of Manufacturers have dramatically stepped up their lobbying on proxy issues gold plated cufflinks uk sale.

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Tougher oversight of proxy firms and raising the bar for submitting proposals will be up for debate at the Nov. 15 event. Some investors push back. “Some institutional investors say it’s not broke, don’t fix it. Why open the door to potential damage?” said Amy Borrus, deputy director of the Council of Institutional Investors, which represents state pension funds and other asset managers. SEC officials have emphasized they see the roundtable as the beginning of a discussion and welcome all feedback gold plated cufflinks uk sale.

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ZHUHAI, China (Reuters) – China paraded industrial and military clout and sent deliberate signals to Western rivals that its aerospace and arms industries aim to catch them up on world markets, while playing down trade tensions at the nation’s largest air show this week. The biennial event in the coastal city of Zhuhai has traditionally been used by Beijing to show off its growing aviation capability, but is also keenly watched by the global industry for clues on where it faces obstacles. Beijing not only showed off a range of new military kit for export, but unveiled progress in civil wide-body and regional jet programs and deeper cooperation with Russia in a message to the West, industry watchers said engraved cufflinks uk sale.

“You get a real sense of the scale and speed of the development of the past 25 years. They have covered an enormous amount of ground in a really short space of time in terms of defense and aerospace,” said Douglas Barrie, senior fellow for military aerospace at the London-based IISS think-tank. “Everything we have been shown here is pretty much for the export market engraved cufflinks uk sale. You then wonder what isn’t being shown; what are they keeping for themselves in terms of capability?”..

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The show has been taking place against a backdrop of a tariff spat with the United States and U.S. accusations of espionage by China’s state aerospace apparatus. Chinese President Xi Jinping said weeks before the show that Russia and China should work together to oppose protectionism and what he called unilateral approaches to international problems, a veiled reference to U.S. foreign policy. The two countries unveiled a mock-up of the CR929 wide-body civil jet, widely seen as a high-level initiative, and signed a helicopter sale in one of the few deals engraved cufflinks uk sale.

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But Hastings said Netflix could still thrive amid cheaper options. “Now it is true that Youtube is free, and Amazon is basically free, and cable is extremely inexpensive because it’s ad-supported. To some degree that creates a consumer expectation,” he said. But he added that the cost of Netflix in India was “like going to the movie theater 2-3 tickets a month, but you get to watch a lot more.”. Following Netflix’s October earnings announcement, chief product officer Greg Peters said: “We’ll experiment with other pricing models, not only for India, but around the world that will allow us to broaden access by providing a pricing tier that sits below our current lowest tier.” handmade cufflinks uk sale.

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(Reuters) – Activist investor Daniel Loeb’s Third Point LLC on Friday disclosed a new position in American Express Co (AXP.N), saying the market under-appreciates the strategic pivot of the company handmade cufflinks uk sale. The hedge fund said it sees the company’s shares trading above $135 over the next 18 months. The company’s stock was at $108.06 in afternoon trading. Third Point, in its quarterly investor letter here, did not disclose the size of the stake in the company. AmEx’s new chief executive officer, Stephen Squeri, is re-energizing the company by focusing on growth and opportunities in commercial and international units that will likely lead to more double-digit earnings growth, the hedge fund said..

SAN FRANCISCO (Reuters) – Twitter Inc (TWTR.N) made another attempt to make users’ tallies of followers more accurate on Friday, subtracting millions of suspicious followers which had reappeared on the social media service since a major purge in July. Twitter is under pressure to tackle its problem of fake users, which are a turn-off for investors and advertisers and have led to scrutiny from U.S. Congress. The company made Friday’s move without an announcement handmade cufflinks uk sale. Pop star Katy Perry lost about 861,000 followers, according to social measurement firm Social Blade. Twitter’s own account lost 2.4 million followers..

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