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Mitsubishi Motors President steps down

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Mitsubishi Motors has announced its president, Tetsuro Aikawa, will step down in the wake of the company’s test-fixing scandal. The Japanese carmaker has already admitted that it has been falsifying fuel efficiency tests for decades. After Mitsubishi’s share price slumped ...

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Goldman Sachs revises oil forecast upwards

Analysts at Goldman Sachs have reported that the physical rebalancing of the oil market has finally started, as the bank ramped up its U.S. crude price forecast to 50 dollars a barrel for the second half of 2016 from its previous ...

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Prime minister Dr Rowley addresses Washington Summit on Energy issues

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Prime Minister Dr Keith Rowley has emphasized the need to look toward renewable sources of energy at the U.S. CCA Energy Security Summit. Speaking at the summit, he says the Caribbean Community (CARICOM) recognises that renewable energy can and should ...

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Greece hit by nationwide strike

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Greeks have begun a three-day general strike in protest at further austerity measures that are being proposed in return for more bailout money. Shipping, public transport and civil service departments are among sectors hit in a bid to stop the ...

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Labour Minister gives detailed list of retrenched workers

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Labour Minister Jennifer Baptiste Primus has attempted to provide a comprehensive list of the nation’s retrenched workers from September 2015 to 2016. Although the energy sector has been spotlighted in this vain, several sectors have been mentioned in the Labour ...

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Shell cuts spending as profits fall

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Royal Dutch Shell has said it will cut its spending by another 10% this year as it warned lower oil prices were continuing to affect its business. The oil firm says it would reduce investment to $30bn from a planned ...

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Finance Minister Stresses Environmental Protection As Reason For Vehicle Tax Increase

Finance Minister Colm Imbert is stressing environmental conservation as one of the main reasons for the proposed tax increase for personal vehicles with large engines. Speaking in the parliament this afternoon, Mr Imbert suggests that higher taxes should decrease the ...

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Google, Ford, Uber form coalition on self-driving cars

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Alphabet Inc’s Google unit, Ford Motor Co, Volvo Cars and two ride-sharing companies has today said they are forming a coalition to urge federal action on self-driving cars. The coalition, which also includes Uber Technologies Inc and Lyft, is “to ...

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CSO releases Index of Retail Prices for March

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The Central Statistical Office is pleased to announce the release of the Index of Retail Prices for the month of March 2016. The information, it says, is based on data collected in the survey of retail prices during the month ...

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German auto giant Daimler begins emissions testing probe

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Daimler shares are down almost 7% at midday after the carmaker said it had begun an internal investigation into its diesel emissions testing. The owner of the Mercedes-Benz brand said it was conducting the probe at the request of the ...

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