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BERLIN (Reuters) – Siemens paid its chief executive Joe Kaeser a total of 7.82 million euros ($8.82 million) during its 2018 financial year, the German engineering company said in its annual report on Wednesday, up from 7.65 million euros a year earlier. The figure takes into account all different forms of reward, including Kaeser’s fixed salary as well as elements of stock-based compensation at their value on the grant date bvlgari cufflinks replica uk sale. The salary increase of roughly 160,000 euros comes as Siemens reported a decrease in net profit to 5.81 billion euros during 2018, a year in which Kaeser unveiled a new strategy to make the trains-to-turbines maker more nimble and profitable..

Kaeser, who has led Siemens since 2013, unveiled a new plan which will trim the number of Siemens’ industrial businesses to three from five and give them more autonomy. During 2018 the company has been battling a severe downturn in its power and gas business and floated part of its Healthineers medical business bvlgari cufflinks replica uk sale. The annual report also confirmed the company’s outlook for 2019 and its expectations to close the planned trains unit merger with France’s Alstom (ALSO.PA) in the first half of 2019..

PARIS (Reuters) – The arrest of Renault-Nissan boss Carlos Ghosn has triggered new attempts by the Japanese carmaker to shake off the control of its French parent – adding to the problems piling up on President Emmanuel Macron’s desk in the Elysee Palace. But this one, more than most, may be of Macron’s own making bvlgari cufflinks replica uk sale. In April 2015, as a 37 year-old economy minister with then-unknown presidential ambitions, Macron ordered a surprise government stake increase in Renault, designed to secure double voting rights for the state. The overnight move profoundly rattled the Japanese end of the Renault-Nissan alliance..

In the ensuing eight-month boardroom fight between Macron’s ministry and Hiroto Saikawa – Nissan’s second-in-command at the time – many now see the seeds of today’s crisis. When Ghosn’s Gulfstream touched down in Tokyo on Nov bvlgari cufflinks replica uk sale. 19, prosecutors were waiting. Nissan, the company he rescued from bankruptcy and had overseen for almost two decades, outlined allegations of financial misconduct against its chairman and said governance had been eroded by Renault’s control. Saikawa has since contested Renault’s right to appoint executives and directors under the alliance master agreement, in correspondence seen by Reuters. Such fundamental differences now threaten the future of the partnership, which rivals Volkswagen and Toyota on the global auto industry stage..

“President Macron himself has skin in the game,” Max Warburton, an analyst with New York-based asset manager AllianceBernstein, said this week. “He must recognize that his decision in 2015 to increase the French state’s holding in Renault .. likely impacted Japanese perceptions of the alliance and heightened concerns that Nissan was ultimately within the control of the French government.” bvlgari cufflinks replica uk sale. The Elysee declined to comment, but an adviser said the president had “no regrets” about the events of 2015..

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“It didn’t prevent him from being very engaged with his dossiers, given his intelligence and capacity for work,” the ex-minister said quality cufflinks uk sale. “But they were no longer his main concern.”. Ghosn also bears some responsibility for escalating his 2015 battle with the economy minister, he added. “Ghosn had the absolutely insufferable conviction that he was above dealing with ministers, so he’d only ever consider talking to a prime minister – which I doubt endeared him much to Macron, who was also rarely unaware of his own significance.”..

LONDON (Reuters) – Scottish marine salvage group Ardent is adapting the tanks it used to refloat the Costa Concordia, the cruise ship wrecked off the Italian coast in 2012, to decommission North Sea oil platforms. It is one of several companies trying new ideas to win business in the market for dismantling disused oil platforms quality cufflinks uk sale. In Britain’s aging oil fields alone, the opportunities could be worth up to 17 billion pounds ($21.85 billion) before 2025, according to industry body Oil and Gas UK. The ideas could then be deployed to other maturing fields such as in the Gulf of Mexico and southeast Asia..

Ardent says it needs at least two companies to sign up for a project to get off the ground. Well-Safe, another company offering a new approach, also needs several operators to commit. So far, Ardent has found it challenging to persuade companies to be the first to sign up. “Everyone is queuing to be second,” said Ardent’s Decommissioning Director Stuart Martin. Oil companies are keen to reduce costs in a part of the market dominated by major global players such as TechnipFMC (FTI.N), Schlumberger, Saipem (SPMI.MI) and AllSeas quality cufflinks uk sale.

Beyond the floating tanks, Ardent has also joined forces with oil services firm WorleyParsons (WOR.AX) and technology and shipping group Lloyd’s Register, to bring a one-stop-shop service quality cufflinks uk sale. This could save money by cutting out the need for lots of different contractors. Well-Safe proposes coordinating decommissioning work across companies to share equipment and staff. “You got to give Well-Safe and the others a real tip of the hat. We all want them to win. It’s in the best interest of the industry,” said Jim House, CEO of Neptune Energy, which is planning decommissioning for its Juliet and Minke fields in the North Sea..

Oil platforms are usually removed piece by piece and taken to the shore using complex vessels. The floating tanks that Ardent used to lift the Costa Concordia, are much cheaper to use, industry experts say. “This technology could have significant potential cost efficiencies,” the Oil and Gas Technology Centre, which is funded by the British government, said in a report. But Ardent says it would need contracts for at least two buoyant tanks to go below current costs per ton of steel removed and three to get below its target cost reduction of around a third. Britain’s industry regulator, the Oil and Gas Authority, has set a target of 35 percent cost cuts compared with 2015 levels quality cufflinks uk sale.

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Macron, who surged to victory in elections last year to became France’s youngest president, now finds himself battling street protests and record low approval ratings. The Renault-Nissan crisis may draw more attention to the risks of his bold interventionism, once seen as refreshing. The year before his move on Renault, the government under Socialist President Francois Hollande had passed the Florange law. Named after a steel furnace whose closure became a symbol of decline, it doubled voting rights for long-term investors – chief among them the French state – in any listed companies that did not opt out via a shareholder vote cool cufflinks uk sale.

Over several months starting in late 2014, Macron, a former Rothschild dealmaker, tried in vain to dissuade Ghosn and the Renault board from proposing an opt-out at the company’s April 30 general meeting cool cufflinks uk sale. With a 15 percent stake in the carmaker and an only slightly larger share of the vote, the government seemed likely to lose such a face-off. Then, on the evening of April 7, Macron called Ghosn to let him know – as a courtesy – that the state had bought another 4.73 percent of Renault for 1.2 billion euros ($1.4 billion), would announce its maneuver in the morning and planned to sell back down to 15 percent only after defeating his opt-out..

“He would always go in with guns blazing,” a former minister said of Macron. “Only then would the real power dynamics of the situation register.” cool cufflinks uk sale. With that step, seen by detractors and admirers alike as an unprecedented government “raid”, the simmering battle of egos between Ghosn the global CEO and Macron the wunderkind banker-turned-minister had burst into the open. Brushing aside warnings, Macron pressed ahead and defeated the opt-out. The vote handed France an effective blocking minority at Renault, which in turn controlled Nissan shareholder meetings via its 43.4 percent stake in the Japanese firm..

Alarm bells rang in Tokyo as that sank in, ratcheting tensions higher over the months that followed. Nissan threatened to exit the Restated Alliance Master Agreement (RAMA) – a radical step that would have freed it to buy up shares in its smaller French parent, and end or reverse Renault’s control. “The governance of Renault and consequently the autonomy of Renault management, which have been the basis of trust (for) the alliance, will be significantly impacted,” Saikawa wrote in a Sept. 3, 2015, note to the Renault board obtained by Reuters cool cufflinks uk sale.

A Nissan spokesman declined to comment for this story. Macron’s staff initially dismissed Saikawa’s demands – that Renault sell down its controlling Nissan stake, restore voting rights to Nissan’s 15 percent Renault holding and relinquish control of the alliance – seeing them as dictated by Ghosn, who at that point remained Nissan CEO. “When Ghosn talks about what Nissan and Japan think, he’s speaking for himself,” an official at the French agency that oversees state shareholdings said at the time. “It’s all rubbish as far as I’m concerned.” cool cufflinks uk sale.

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DETROIT (Reuters) – Ford Motor Co (F.N) said on Wednesday it will reshuffle workers at several of its plants to meet rising demand for pickup trucks and large SUVs, a process that will require finding new positions for 150 workers displaced by the changes but not result in job cuts mens onyx cufflinks uk sale. The changes also will not require adding new jobs. The No. 2 U.S. automaker said it will shift 500 workers from one Kentucky plant making crossover vehicles to another that makes its best-selling F-Series pickup trucks, plus the Ford Expedition and the Lincoln Navigator, both large SUVs..

In addition, Ford has a new midsize pickup, the Ranger, coming to the market next year. The Dearborn, Michigan-based automaker also said it would move 500 jobs to a Michigan plant making transmissions for popular pickup trucks from one nearby that will reduce production to one shift making Mustangs and the Lincoln Continental. Ford said an additional 150 workers from the Flat Rock, Michigan, assembly plant would receive job offers at other plants mens onyx cufflinks uk sale. A company spokeswoman said Ford was “highly confident” that jobs would be found for all those workers and there would be no job losses as a result of this reshuffling..

The United Auto Workers union, which represents hourly workers at Ford, said in a statement, “after working with Ford, we are confident that all impacted employees will have the opportunity to work at nearby facilities.”. The news comes two days after Ford’s crosstown rival General Motors Co (GM.N) said it would cut 15,000 jobs and mothball five North American factories, including four in the United States, in response to slumping consumer demand for traditional passenger cars mens onyx cufflinks uk sale.

That announcement has drawn the ire of Republican President Donald Trump, who has threatened to eliminate subsidies for GM. One of the four U.S. plants expected to close is a car factory in northeast Ohio, a state critical to victory in the 2020 presidential campaign. According to a Reuters analysis of industry production and capacity data, GM’s plans will only partially close the gap between capacity and demand for the automaker’s sedans mens onyx cufflinks uk sale. Sales of the Ford Expedition were up 4 percent through the first 10 months of 2018, while sales of the high-margin Lincoln Navigator spiked nearly 81 percent during that period..

(Reuters) – U.S. Federal Reserve Chair Jerome Powell said on Wednesday that while there was “a great deal to like” about U.S. prospects, the Fed’s gradual interest-rate hikes are meant to balance risks as it tries to keep the economy on track. Powell offered few clues on how much longer the U.S. central bank would raise interest rates in the face of a slowdown overseas and market volatility at home mens onyx cufflinks uk sale. Instead he highlighted a new financial stability report the Fed published earlier on Wednesday..

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Powell “gave the market, and presumably President Trump, exactly what he wanted, which was an admission that the previously proposed path of future rate hikes was probably too aggressive and opening to slowing the rate of hikes,” said Oliver Pursche, vice chairman and chief market strategist at Bruderman Asset Management in New York. The Fed has settled into a quarterly rate-hike cycle and is still expected to raise rates again next month, in what would be the fourth hike this year vintage cufflinks uk sale. But signs of a slowdown overseas and nearly two months of market volatility – including another sharp selloff last week – have clouded an otherwise mostly rosy U.S. picture in which the economy is growing well above potential and unemployment is the lowest since the 1960s..

“We know that things often turn out to be quite different from even the most careful forecasts,” Powell said at an Economic Club of New York luncheon on Wednesday. “Our gradual pace of raising interest rates has been an exercise in balancing risks.”. Rates “are still low by historical standards, and they remain just below the broad range of estimates of the level that would be neutral for the economy,” he added. Factually, Powell’s remarks on Wednesday and in October are both true. On Wednesday he referenced a range, and in October he likely referenced a median vintage cufflinks uk sale. The benchmark rate, now at 2.00-2.25 percent, is within a quarter of a percentage point of the bottom of the Fed’s range for neutral, but is also several quarter-point rate hikes below the mid-point estimate of 3 percent..

But markets, especially after the recent selloff, were focused less on such subtleties than on what Powell may have telegraphed about the future path of rate hikes. “If there has been one certainty of late it is the market’s ability to misinterpret Fed Chairman Powell. This was again on display today,” RBC Capital Markets chief U.S vintage cufflinks uk sale. economist Tom Porcelli wrote in a note. Although a December rate hike has been widely expected, the Fed’s path next year has been more uncertain, with investors last month expecting two or even three rate hikes in 2019..

The fed fund futures contract expiring in January 2020, a heavily traded contract that reflects market expectations for where rates will be at the end of 2019, rallied sharply on record volume and pointed to an implied yield of 2.70 percent vintage cufflinks uk sale. It was 2.95 percent earlier this month, suggesting investors have scratched off a full rate hike from their forecasts of Fed policy. Stock markets began a broad descent toward a correction – a decline from the most recent peak of at least 10 percent – in early October, just after Powell had sounded a quite confident tone on the economy. Since then, he and other Fed officials have sounded a bit more cautious, nodding to a slowdown in Europe, Japan and China..

Just on Tuesday, Fed Vice Chair Richard Clarida, in a speech to many of the same economists and investors in New York, used precisely the same language to describe the policy rate as “just below” the range for neutral. Neither Clarida nor Powell said definitively whether rate hikes should stop at neutral, and each stressed that level was very difficult to estimate. Fed forecasts from September showed policymakers expected to raise rates a bit above 3 percent by around 2020, according to the median vintage cufflinks uk sale.

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Energy Transfer’s Dillinger said the company was “disappointed” that the Ohio AG sued after the company tried to resolve issues amicably and that it would continue cooperating with regulators. “We continue to work closely with both state regulators to resolve any outstanding issues related to our construction,” she said 14k gold black onyx cufflinks uk sale. GRAPHIC: One gas pipeline, 681 federal violations – Sunoco’s hazardous spills – Racing to build pipelines –

(Reuters) – The U.S. Army said on Wednesday that it has awarded Microsoft Corp (MSFT.O) a $479.2 million contract to supply prototypes for the Army’s augmented reality systems helping soldiers in training and combat missions 14k gold black onyx cufflinks uk sale. The Army posted the contract award on its website. “Augmented reality technology will provide troops with more and better information to make decisions,” a Microsoft spokesperson said in an emailed statement. Bloomberg, which earlier reported the deal, said the contract went though a bidding process with key tech companies including Magic Leap participating in the auction..

(Reuters) – Tobacco company Altria Group Inc (MO.N) is in talks to take a minority stake of 20 to 40 percent in e-cigarette maker Juul Labs Inc, people familiar with the matter said on Wednesday. The companies declined to comment. Big tobacco companies, including Marlboro-maker Altria, have been investing in e-cigarettes as U.S 14k gold black onyx cufflinks uk sale. smoking rates decline, but those products have lost significant market share over the last year as Juul’s popularity has surged. The talks have been ongoing over the last few months, and the size of the stake could change, the sources said. The talks could still fall apart because of the many shareholders and regulators involved, one source said..

Such a deal could allow Juul to continue to grow with reduced risk, the people said, without losing control of the company. Privately held Juul’s vaping devices, which resemble a USB flash drive, have helped the company quickly become the market leader in the U.S. e-cigarette business, growing from 13.6 percent of the market in early 2017 to more than 75 percent this month, according to a Wells Fargo analysis of Nielsen retail data. Juul’s sleek design and sweet flavors, including mango and creme, made it particularly popular among high schoolers. “Juuling” has become synonymous with vaping, with young people posting videos and photos of themselves using the product at school or with friends, often under the hashtags #doit4juul or #juullife 14k gold black onyx cufflinks uk sale.

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“The No. 1 thing I hear from companies is along the lines of: ‘For years we have been talking about diversifying from China and now we have to actually do it’.”. Shifting production can take years to complete: firms need to secure funding, find the right suppliers, sort out new logistics – all while dealing with new legal and accounting issues in a country they may not know well. “Any relocation away from China is going to be very slow and very uncertain,” said Aidan Yao, senior Asia EM economist at AXA Investment Managers 14k gold cufflinks with diamonds uk sale.

Low tech goods and low value manufacturing would be the quickest to migrate while higher value-added exports in the machinery, transport and IT category would likely take decades to relocate due to high R&D costs and competitive Chinese labor costs, UBS said in a note earlier this month 14k gold cufflinks with diamonds uk sale. Yet a regional client poll by Citi conducted in the last month showed more than half of them already adjusting their supply chain to limit upheaval to their business. China’s sophistication in areas such as automation means no one country can replace China, said trade lawyer Sally Peng of Sandler, Travis&Rosenberg..

“So everyone is looking for that China Plus One, Plus Two, Plus Three country strategy, all the way to Africa,” she said. Companies hold out little hope for a truce in the trade dispute when Trump and Xi are due to meet on the sidelines of the G20 summit in Buenos Aires this week. Indeed, Trump said on Monday he expected to move ahead with raising tariffs on $200 billion in Chinese imports to 25 percent from the current 10 percent 14k gold cufflinks with diamonds uk sale. While Chinese export data shows little sign yet of an impact from the trade war, some economists say that is because companies are rushing to get shipments out ahead of more tariffs..

To be sure, smaller emerging Asian economies are not necessarily licking their lips about the prospect of the trade war between the world’s top two economies worsening. Growth has slowed in the third quarter across Southeast Asia, as well as in Taiwan, Japan and South Korea, with officials partly blaming the trade war for it. Thailand’s exports of electronic integrated circuits, for instance, rose 4 percent to the United States in October but fell 38 percent to China 14k gold cufflinks with diamonds uk sale. Vietnam’s manufacturing sentiment indicator is the highest in Asia but is well off its peak..

(Graphic: Asia manufacturing: Vietnam stands out – A lack of infrastructure is also a problem for countries seeking to pick up business 14k gold cufflinks with diamonds uk sale. Thailand is 41st in World Bank infrastructure quality rankings, Vietnam is 47th, compared to China’s 20th ranking. Bangkok is seeking to address that with its Eastern Economic Corridor, an ambitious $45 billion development project which plans improvements to deep water ports, airports and railways. Beyond infrastructure bottlenecks, red tape – particularly in Vietnam – remains hard to navigate and skilled labor is not easily available..

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WASHINGTON (Reuters) – U.S. Trade Representative Robert Lighthizer said on Wednesday that he was examining all available tools to raise U.S first time dad cufflinks uk sale. tariffs on Chinese vehicles to the 40 percent duties that China is now charging on U.S.-produced vehicles. Lighthizer said in a statement criticizing China’s “egregious” tariffs on U.S. autos that he was taking such action at the direction of President Donald Trump. The statement came just days before Trump is due to meet Chinese President Xi Jinping in Buenos Aires in a showdown that could ease or worsen the trade war between the world’s two largest economies..

Automotive duties on both sides have been increased by tit-for-tat tariffs. The United States imposed a 25 percent tariff on Chinese vehicles on top of the 2.5 percent it normally charges. China had lowered tariffs for all other countries to 15 percent, but imposed an additional 25 percent retaliatory tariff on U.S. vehicles. Chinese auto exports to the United States are relatively small. It exported 53,300 vehicles to the U.S. market last year and imported 280,208 U.S. manufactured vehicles, according to data from the China Automotive Technology and Research Center (CATARC), a government-affiliated think-tank first time dad cufflinks uk sale.

Carmakers are already rearranging global production to absorb the rising trade tensions between the world’s two biggest economies. Volvo, which is owned by Chinese carmaker Geely, plans to move most of the production of its best-selling XC60 SUV for export to the U.S first time dad cufflinks uk sale. market away from its Chengdu plant in China to Torslanda in Sweden. The Trump administration is seeking sweeping changes to China’s state-driven economic policies, including new protections for U.S. intellectual property, an end to joint-venture requirements, more access for U.S. firms to China’s vast market and cuts to China’s industrial subsidies..

FUKUOKA, Japan (Reuters) – A Bank of Japan board member declined on Thursday to comment on a media report that she was involved in an alleged attempt by former Nissan chairman Carlos Ghosn to shift personal investment losses to the automaker during her time at a commercial bank. Japanese tabloid Shukan Bunshun reported on Thursday that as an executive at Shinsei Bank Ltd (8303.T), Takako Masai was involved in an alleged attempt by Ghosn to pass on 1.7 billion yen ($15 million) in personal derivatives-trading losses incurred during the 2008 financial crisis to Nissan. The suspected transaction was first reported by the Asahi newspaper on Tuesday first time dad cufflinks uk sale.

“I’d like to refrain from commenting about individual transactions due to my duty of confidentiality,” Masai told a news conference after meeting with business executives in Fukuoka, southern Japan. “I also cannot comment on individual transactions made by Shinsei Bank.” The bank also declined to comment on the Shukan Bunshun report first time dad cufflinks uk sale. Quoting an unnamed former Shinsei Bank official, the tabloid said a team of the bank’s officials including Masai sought to have Ghosn’s investment losses passed on to the automaker on condition that he get approval from Nissan’s board..

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Such a project would consume about $1 billion in Safran engine R&D, Finance Director Bernard Delpit told reporters. The company also pledged “targeted” R&D efforts at Zodiac and a 30 percent increase in broader research and technology spending as it laid out plans for better propulsion aircraft with more electrics and connected cabins, as well as wider use of 3D printing. It predicted like-for-like revenue percentage growth in mid-single digits over 2019-2022 and a recurring operating margin “trending to a 16-18 percent range” by 2022 after an engine model switch and the recovery of Zodiac’s interiors business cufflinks brands in india uk sale.

LOS ANGELES (Reuters) – Billionaire entrepreneur Elon Musk has scrapped plans for a high-speed passenger tunnel under the West side of Los Angeles but is moving ahead with a similar proposal across town designed to whisk baseball fans to and from Dodger Stadium cufflinks brands in india uk sale. Musk’s aptly named underground transit venture the Boring Company gave up on its development of a 2.7-mile (4.4-km) tunnel in West L.A. to settle litigation brought by community groups opposed to the project, the two sides said in a joint statement on Wednesday..

The move came six months after Musk, the high-tech baron better known as founder of electric car company Tesla Inc (TSLA.O) and CEO of rocket maker SpaceX, made a rare personal appearance at a Los Angeles public event to promote his controversial tunnel project. At the time, Musk boasted of his intention to offer free rides through the tunnel under Sepulveda Boulevard to elicit public feedback before proceeding with a much larger network he has envisioned for the L.A. metropolitan area cufflinks brands in india uk sale. But opponents accused Musk of trying to evade a lengthy environmental review required for such projects by seeking an exemption based on what his company insisted was a small-scale demonstration of a wider concept..

Precise terms of the court settlement were confidential, according to a company official along with a lawyer for plaintiffs of the lawsuit, John Given. “The parties .. have amicably settled the matter,” the statement said cufflinks brands in india uk sale. “The Boring Company is no longer seeking the development of the Sepulveda test tunnel and instead seeks to construct an operational tunnel at Dodger Stadium.”. Plans for Boring’s so-called “Dugout Loop,” an underground high-speed transit corridor between Dodger Stadium and one of three existing subway stations along the city’s Metro Red Line, were first unveiled months ago on the company’s website..

An initial public scoping hearing for the project, the first major step in a full-scale regulatory review of the Dugout Loop, was held by the city’s Public Works Department in late August. Meanwhile, the company has said a separate, shorter tunnel it has dug beneath the tiny neighboring municipality of Hawthorne, where Boring and SpaceX are both headquartered, would be completed by Dec. 10 cufflinks brands in india uk sale. “Based on what we’ve learned from the Hawthorne test tunnel, we’re moving forward with a much larger tunnel network under LA,” Musk tweeted on Wednesday, adding, “Won’t need a second test tunnel under Sepulveda.”..

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(Reuters) – Goldman Sachs Group Inc (GS.N) has named Aaron Arth and Iain Drayton co-chief operating officers of its investment banking division in Asia Pacific, excluding Japan, according to a memo seen by Reuters american flag cufflinks tiffany uk sale. Arth is currently head of the financing group in Asia Pacific, excluding Japan, while Drayton leads the financial and strategic investors group in Asia Pacific and also heads the investment banking services in the region, excluding Japan. In their expanded roles, Arth and Drayton will report to Todd Leland, the recently named investment banking head for Asia Pacific, excluding Japan, according to a memo seen by Reuters. (

(Reuters) – U.S. hotel chain Marriott International Inc (MAR.O) said on Thursday it plans to open nearly 30 Courtyard by Marriott hotels in Europe in the next two years, as it targets newer markets including Finland and Iceland. The expansion plan comes nearly a month after the company cut its fourth-quarter forecast for revenue per available room (RevPAR) – a key measure of hotel health – blaming weak demand in North America, its biggest market. The company’s RevPAR for Europe grew 5.7 percent for the first nine months of 2018, while North America grew 2 percent in the same period american flag cufflinks tiffany uk sale.

PARIS (Reuters) – Safran (SAF.PA) unveiled ambitions to become the world’s leading aerospace supplier in 15 years, overtaking United Technologies (UTX.N), as it pledged a research and development (R&D) spending drive while increasing cash returns to shareholders. But the French aerospace engine and equipment supplier said it did not plan major new acquisitions after buying Zodiac Aerospace to become, according to its calculations, the industry’s second-largest aerospace equipment supplier american flag cufflinks tiffany uk sale.

The merger happened formally this week and Safran is poised to ditch the brand of Zodiac, founded by an airship pilot and an aristocrat more than a century ago to make air balloons and now one of the biggest manufacturers of aircraft seats. “I don’t want Safran and ex-Zodiac people. I want everyone to feel part of the Safran group as soon as possible,” Safran CEO Philippe Petitcolin said ahead of Thursday’s investor day. Safran, itself formed from a 2004 merger that gave rise to several years of internal tensions followed by asset sales, said it was accelerating the operational recovery of Zodiac Aerospace from the repeated production problems that forced it into Safran’s arms earlier this year american flag cufflinks tiffany uk sale.

It confirmed a goal of 200 million euros ($228 million) of annual pretax cost savings from the merger by 2022 and said “further upside has been identified”. Safran also predicted a 50 percent increase in group earnings before interest, tax, depreciation and amortization (EBITDA) for 2018-2022, helping to lift its share price by 4 percent in afternoon trade american flag cufflinks tiffany uk sale. Safran, which co-produces engines for narrowbody jets with General Electric (GE.N), said it was gearing up for a new cycle of research and development, partly driven by a potential mid-market jet being considered by Boeing (BA.N)..