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Lyft Raises $600m in Funding
Apr 13, 2017US ride-hailing firm Lyft has raised $600m in new round of financing at a $7.5bn valuation. The investors in the funding round include KKR, Baillie Gifford, Alliance Bernstein, Canada’s Public Sector Pension Investment Board (PSP) ...
Tags: Lyft, self-driving car
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China Protests EU Protectionism in Steel Industry
Mar 1, 2017The European Union (EU) on Tuesday decided to impose definitive anti-dumping duties on imports of heavy steel plates from China, after which China said it is "seriously concerned" by the EU's increasing protectionism in the steel industry. ...
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Sino-Japan Tensions Rise Over China's Nanjing Massacre Memory Application
Oct 28, 2015Tensions between the two Asian giants, China and Japan, are running high after the Japanese government tried to block China's application to UNESCO to list documents relating to the 1937 Nanjing Massacre and "comfort women", or the 200, 000 ...
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China Handset Makers Try to Win Xiaomi Orders
Sep 26, 2015Makers in China's handset supply chain have geared up efforts to win component orders from Xiaomi Technology, affecting rival suppliers in Taiwan and Japan, according to industry sources. While sales of Xiaomi's high-end models have been ...
Tags: Handset, smartphones, flat panel
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Hong Kong Needs to Maintain Hospitable Image
Sep 1, 2015Hong Kong needs to maintain its hospitable image as declining visitor numbers are affecting tourism-related businesses, the Chief Executive of the Hong Kong Special Administrative Region (SAR) Leung Chun-ying said here on Tuesday. ...
Tags: hospitable image, visitor arrivals
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Global Diamond Jewelry Demand Rose 2.9% on Year to $81.4 Billion in 2014
Mar 24, 2015Global diamond jewelry demand rose 2.9 percent year on year to $81.4 billion in 2014, according to industry insight data published by De Beers on Friday. The research sets a new high for global demand, but also represents the slowest growth ...
Tags: diamond jewelry, jewelry demand
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China's Nov Russian Crude Imports Hit Record High
Dec 27, 2014China's crude imports from its major suppliers rose significantly in November versus a year ago, with Russian cargoes hitting a record high, although shipments from top exporter Saudi Arabia fell 5.9% to 3.99 million mt, detailed data from ...
Tags: Crude Imports, pipeline oil
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The Diamond and Jewelry Sector Witness a Slowdown in The High End
Oct 27, 2014The diamond and jewelry market, like the global economy, is sending mixed messages ahead of the holiday shopping season. The prevalent claim that the economy is showing its strongest prospects since the 2008 crash is being disputed by ...
Tags: diamond, jewelry market
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Asiainspection Announces Its 2014 Q2 Barometer
Aug 12, 2014AsiaInspection, a leading global provider of quality control services for businesses importing from Asia, Africa, Southern Europe and Latin America, announces its 2014 Q2 Barometer, a quarterly synopsis on outsourced manufacturing and the ...
Tags: AsiaInspection, Apparel, Accessories
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Libya's Oil Sector Is Showing Tentative Signs of Recovery
Jun 25, 2014Libya's oil sector is showing tentative signs of recovery, with production now averaging around 300,000 b/d after the restart of the key Elephant field and with exports from the eastern ports of Marsa al-Hariga and Zueitina resuming after a ...
Tags: Oil Production, Elephant crude
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Crude Production in Libya Is Facing Further Setbacks This Week
May 30, 2014Crude production in Libya is facing further setbacks this week, as loadings out of the 110,000 b/d Marsa al-Hariga crude terminal in Eastern Libya have stuttered to a halt. Traders and shipping sources said that no there have been no ...
Tags: Crude production, oil flowing
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Southern England Could Hold Between 2.2 Billion and 8.5 Billion Barrels of Oil Resource
May 28, 2014The Jurassic shales of southern England's Weald basin could hold between 2.2 billion and 8.5 billion barrels of oil resource but no gas, the UK government said Friday in a new report. The Department of Energy and Climate Change also ...
Tags: Shale Oil, offshore production
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UK's Upper House of Parliament Said Shale Gas Regulations Should Be Streamlined
May 12, 2014Shale gas regulations should be streamlined and the government should lend its weight to industry attempts at producing gas through hydraulic fracturing, the Economic Affairs Committee of the UK's upper house of parliament said. Launching ...
Tags: Shale gas, Energy security
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The Vietnamese Government & State-Owned PetroVietnam Have Objected to Drilling Operations
May 7, 2014The Vietnamese government and state-owned PetroVietnam have objected to drilling operations by China National Offshore Oil Corp. in the South China Sea, saying that a rig owned by the Chinese company is in Vietnamese waters. Vietnam's ...
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Taiwan Citizens Will See a Jump in Electricity Costs as The Country Faces Energy Shortages
May 6, 2014Taiwan citizens could soon see a jump in electricity costs as the country faces energy shortages. Anti-nuclear sentiment is gaining momentum in the country as construction for Taiwan’s controversial fourth nuclear power plants nears ...
Tags: Energy Saving, Electricity Costs