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Uber jumps into Europe’s crowded bike-sharing market

BERLIN ( ) – Uber, the ride-hailing company which has been banned from many European cities,上海夜网邀请码Talon,, is about to launch its JUMP electric bicycle sharing service in Germany as it diversifies and seeks to build bridges with local authorities.

Uber’s Chief Executive Dara Khosrowshahi made the announcement at a conference in Berlin as dozens of German taxi drivers outside waved placards that read “Uber go Home”.

“I want this to signal a deep commitment to Germany,” Khosrowshahi said, arriving on stage with a bright-red JUMP bicycle.

“Germany is a little bit of a signal of what the new Uber can be like… We want to work with local governments and cities to make our model work.”

Uber has faced a rough ride in Europe, where protests by traditional taxi drivers have in the past turned violent and court bans have forced it to shut down some of its services, including in Germany, France, Italy, Spain and Belgium.

Additionally, Uber and other ride-hailing app-based companies have been accused of causing congestion in major cities like London.

Uber bought the JUMP start-up as part of a bid to become the go-to app for urban transport, be it buses, bikes, cars, or even trains, allowing people to book trips across a range of services.

Its dockless electric bike has already been rolled out in San Francisco, where there are 250 bikes, and Washington.

After sweeping through China, bike-sharing has spread to Europe and North America, with U.S. players seeking to keep pace with the international forays of Chinese rivals.

Berlin has been swamped with brightly-colored bicycles in the last year, including from China’s Mobike and Ofo, and U.S. start-up LimeBike, with the authorities now trying to regulate the number of bikes as they block sidewalks and are dumped in parks.


Khosrowshani said Uber wants to bring JUMP to Berlin by the end of the summer and launch in other European cities in coming months. It will also start a fully electric Uber Green service in Berlin later this year, following its launch in Munich.

“Uber stands ready to help address some of the biggest challenges facing Germa上海夜生活网n cities: tackling air pollution, reducing congestion and increasing access to cleaner transportation solutions,” he said.

Uber is currently fighting a decision by London’s transport regulator to strip it of its license after it was deemed unfit to run a taxi service and has started sharing data about its millions of trips with the authorities to try to fight congestion.

Since taking over in August, Khosrowshahi has been trying to improve the image of Uber, which has been rocked by management turmoil and tarnished by revelations about an alleged sexist workplace culture tolerant of chauvinism.

“I didn’t have to convince the company that the macho culture was wrong, everyone at the company knew it,” he said.

He said he recognized that Uber’s mission to “democratize mobility” could hurt s,上海夜网官方网站Fabian,ome people: “When you’re changing traditions, the,上海高端夜生活在那里Talon,re are constituencies you may anger,” he said, adding that he might try to talk to the taxi driver protesters.

Exclusive: U.S. bill would force tech companies to disclose foreign…

WASHINGTON ( ) – U.S. tech companies would be forced to disclose if they allowed American adversaries, like Russia and China, to examine the inner workings of software sold to the U.S. military under proposed legislation, Senate staf,上海夜生活网419Gabrielle,f told on Thursday.

The bill, approved by the Senate Armed Services Committee on Thursday, comes after a year-long investigation found software makers allowed a Russian defense agency to hunt for vulnerabilities in software that was already deeply embedded in some of the most sensitive parts of the U.S. government, including the Pentagon, the Federal Bureau of Investigation and intelligence agencies.

Security experts say allowing Russian authorities to conduct the reviews of internal software instructions — known as source code — could help Russia find vulnerabilities and more easily attack key systems that protect the United States.

The new source code disclosure rules were included in Senate version of the National Defense Authorization Act, the Pentagon’s spending bill, according to staffers of Democratic Senator Jeanne Shaheen.

Details of bill, which passed the committee 25-2, are not yet public. And the legislation still needs to be voted on by the full Senate and reconciled with a House version of the legislation before it can be signed into law by President Donald Trump.

If passed into law, the legislation would require companies that do business with the U.S. military to disclose any source code review of the software done by adversaries, staffers for Shaheen told . If the Pentagon deems a source code review a risk, military officials and the software company would need to agree on how to contain the threat. It could, for example, involve limiting the software’s use to non-classified settings.

The details of t上海夜生活he foreign source code reviews, and any steps the company a,上海夜网邀请码Kailani,greed to take to reduce the risks, would be stored in a database accessible to military officials, Shaheen’s staffers said. For most products, the military notification will only apply to countries determined to be cybersecurity threats, such as Russia and China.

Shaheen has been a key voice on cybersecurity in Congress. The New Hampshire senator last year led successful efforts in Congress to ban all government use of software provided by Moscow-based antivirus firm Kaspersky Lab, amid allegations the company is linked to Russian intelligence. Kaspersky denies such links.

In order to sell in the Russian market, tech companies including Hewlett Packard Enterprise Co (HPE.N), SAP (S,上海夜生活Gabe,APG.DE) and McAfee have allowed a Russian defense agency to scour software source code for vulnerabilities, found. In many cases, found that the software companies had not previously informed U.S. agencies that Russian authorities had been allowed to conduct the source code reviews. In most cases, the U.S. military does not require comparable source code reviews before it buys software, procurement experts have told . (Graphic: tmsnrt.rs/2J0Mf2C)

The companies have said the source code reviews were conducted by the Russians in company-controlled facilities, where the reviewer could not copy or alter the software. McAfee announced last year that it no longer allows government source code reviews. Hewlett Packard Enterprise has said none of its current software offerings have gone through the process.

INSIGHT: Under pressure, Western tech firms bow to Russian demands to share cyber secrets, click reut.rs/2xctE9O

SPECIAL REPORT: HP Enterprise let Russia scrutinize cyberdefense system used by Pentagon, click reut.rs/2kgSpjW

Written by shyw on October 28, 2017 Categories: vylwumsx Tags: , , ,

Weak demand for aircraft hurts U.S. factory orders

WASHINGTON ( ) – New orders for U.S.-made goods fell more than expected in April, weighed down by declines in demand for transportation equipment and machinery, but the underlying trend continued to suggest strong momentum in the manufacturing sector.

Factory goods orders decreased 0.8 percent, the Commerce Department said on Monday. Data for March was revised up to show orders rising 1.7 percent instead of the previously reported 1.6 percent increase.

Economists polled by had forecast factory orders falling 0.5 percent in April. Orders advanced 8.3 percent on a year-on-year basis in April.

The monthly decline in factory orders is likely to be temporary amid reports of strong manufacturing conditions in May. A survey by the Institute for Supply Management last week showed sentiment among manufacturers perking up in May amid a surge in new orders.

Manufacturers, however, complained about rising prices for raw materials, especially for steel. The Trump administration in March announced tariffs for steel and aluminum imports to protect domestic industries from what it says is unfair competition from foreign producers.

Prices are likely to rise even higher following Washington’s decision last week to extend the duties to steel and aluminum imports from Canada, Mexico and the European Union. Some manufacturers also said they could not find skilled workers.

The Federal Reserve’s latest “Beige Book” report of anecdotal information on business activity collected from contacts described manufacturing as having “shifted into higher gear” in late April and early May. But the U.S. central bank also said “contacts continued to report difficulty filling positions across skill levels.”


Manufacturing, which accounts for about 12 percent of U.S. economic activity, is being supported by strong domestic and global demand.

U.S. stock indexes were higher in early trading on Monday while prices of U.S. Treasuries were weaker. The dollar .DXY fell against a basket of currencies.

Orders for transportation equipment fell 6.0 percent, pulled down by a 28.9 percent plunge in the volatile orders for civilian aircraft. Transportation orders increased 6.9 percent in March. Orders for motor vehicles rose 1.0 percent in April.

Orders for machinery dropped 0.7 percent after tumbling 3.1 percent in March. That reflected a decline of 11.6 percent in orders for mining, oil field and gas field machinery. Orders for industrial machinery fell 10.0 percent.

But orders for electrical equipment, appliances and components increased 1.8 percent. There were also increases in orders for fabricated metal products and primary metals.

Unfilled orders at manufacturers rose 0.5 percent in April. They have increased in five of the last six months. Manufacturing inventories increased a moderate 0.3 percent, which also bodes well for factory production.

The Commerce Department also confirmed that April orders for non-defense capital goods excluding aircraft, which are seen as a measure of business spending plans, increased 1.0 percent as reported last month. Orders for these so-called core capital goods fell 1.0 percent in February.

Shipments of core capital goods, which are used to calculate 上海夜生活business equipment spending in the gross domest,上海晚上耍女人的地方Naia,ic product report, rose 0.9 percent in April instead of the 0.8 percent gain reported last month.

Core capital goods shipments fell 0.7 percent in March and were up 8.4 percent year-on-year in April. Business spending on equipment is slowing after double-digit growth in the second half of 2017.

The moderation is occurring despite the Trump administration’s $1.5 trillion tax c,上海夜生活乌托邦Earl,ut package, which came into effect in January. The government slashed the corporate tax rate to 21 percent from 35 percent. ,上海新夜网龙凤Nala,

‘Fair trade, fool trade’, Trump’s tweets spew ire on NATO allies,…

SINGAPORE ( ) – U.S. President Donald Trump fired off a volley of tweets on Monday venting anger 上海夜生活论坛on NATO allies, the European Union and Canadian Prime Minister Justin Trudeau in the wake of a divisive G7 meeting over the weekend.

The escalating clash over trade between Washington and some of its closest global partners cast a cloud over Trump’s efforts to make history in nuclear talks in Singapore on Tuesday with Kim Jong Un of North Korea, one of America’s bitterest foes.

Having left the Group of Seven summit in Canada early, Trump’s announcement that he was backing out of the joint communique torpedoed what appeared to be a fragile consensus on the trade dispute between Washington and its top allies.

“Fair trade is now to be called fool trade if it is not reciprocal,” said Trump, who flew from Canada to Singapore on Sunday to prepare for the first-ever summit between a U.S. and North Korean leader.

“Sorry, we cannot let our friends, or enemies, take advantage of us on trade anymore. We must put the American worker first!”

The communique, which had appeared to have papered over the cracks that surfaced so uncharacteristically at the G7, sai,上海夜生活桑拿会所Nala,d the leaders of the United States, Canada, Britain, France, Italy, Germany and Japan were agreed on the need for “free, fair, and mutually beneficial trade” and the importance of fighting protectionism.

“We strive to reduce tariff barriers, non-tariff barriers and subsidies,” the statement said, which came despite Washington appearing intent on taking more punitive steps on trade.

Trump’s extraordinary outburst on Monday against NATO allies, the European Union and Canada appeared aimed at striking a chord with voters who support his “America First” agenda.

At the same time, however, it put Trump in the position of going into a crucial summit at odds with countries he needs on his side to pressure North Korea to move toward dismantling a nuclear arsenal that threatens the United States.

“Not fair to the people of America! $800 billion trade deficit,” he said. “Why should I, as president of the United State, allow countries to continue to make massive trade surpluses, as they have for decades, while our farmers, workers & taxpayers have such a big and unfair price to pay?”

Related CoverageClouds over global economy have darkened since G7 summit, says IMF’s LagardeUK’s May says Russia must change before it returns to G8See more stories

It was left to Trump’s aides to figure out how to explain Trump’s airing of grievances against trading partners instead of focusing on his coming talks with Kim, which the president’s supporters hope will provide him with a major foreign policy win.


Secretary of State Mike Pompeo praised European countries for helping to bring about the North Korea summit, alluding to their enforcement of sanctions against Pyongyang. He expressed confidence that U.S. relations with other G7 countries would continue to move forward, despite the weekend clash in Canada.

“There are always irritants in relationships,” Pompeo told reporters. He dismissed as “ludicrous” the notion that Kim would decide he could not trust the United States because of the G7 dispute.

White House spokesman Raj Shah said Trump was “rattling the cages right now on trade,” insisting there was no reason to believe there would be any negative fallout for the North Korea summit. “These are really unrelated baskets of issues.”

But one U.S. official, speaking on condition of anon,上海021夜网Jacklyn,ymity, acknowledged: “The timing for all this is not very good at all.”

The prospect that Trump could be moving toward an even greater protectionist trade policy is likely to chill financial markets worried about tit-for-tat escalation that could lead to a full-blown global trade war.

“Business confidence, and subsequently capital spending, is at risk if this tension continues through the summer,” said Tai Hui, J.P. Morgan Asset Management Chief Market Strategist for Asia Pacific. “This could cast a long shadow over global growth, which has rebounded in recent weeks after a soft start to the year.”

Nevertheless, markets were relatively calm on Monday after an early wobble.

Trump also lambasted fellow members of the North Atlantic Treaty Organisation (NATO) for paying disproportionately less than the United States to maintain the Western alliance.

“The U.S. pays close to the entire cost of NATO – protecting many of these same countries that rip us off on trade (they pay only a fraction of the cost – and laugh!),” he tweeted. “The European Union had a $151 billion surplus – should pay much more for military!”

“Germany pays 1 percent (slowly) of GDP toward NATO, while we pay 4 percent of a much larger GDP. Does anybody believe that makes sense?”

“We protect Europe (which is good) at great financial loss, and then get unfairly clobbered on trade. Change is coming!”

Trump also renewed attacks on Canadian Prime Minister Justin Trudeau, who had hosted the G7 meeting in Quebec.

“Justin acts hurt when called out!” the U.S. president said in his latest Tweet. On Saturday, he called the Canadian prime minister “very dishonest and weak.”


White House economic adviser Larry Kudlow accused Trudeau of betraying Trump with “polarizing” statements on trade policy that risked making the U.S. leader look weak ahead of the historic summit with Kim.

“(Trudeau) really kind of stabbed u,上海夜网推油Kai,s in the back,” Kudlow, the director of the National Economic Council who had accompanied Trump to Canada, said on CNN’s “State of the Union.”

Trade adviser Peter Navarro told “Fox News Sunday” that “there is a special place in hell for any leader that engages in bad faith diplomacy” with Trump.

Pompeo, at the Singapore briefing, pointedly ignored a reporter’s question about Navarro’s comment and left the podium while he was being pressed for an answer.

Trudeau, in Quebec City for bilateral meetings with non-G7 leaders after the summit, did not comment as he arrived.

But he got direct personal support from some European leaders.

British Prime Minister Theresa May “is fully supportive” of Trudeau and his leadership, a senior UK government source said, while European Council President Donald Tusk tweeted: “There is a special place in heaven for @JustinTrudeau.”

Republican Trump says 70 percent of federal regulations ‘can go’

NEW YORK ( ) – U.S. Republican presidential nominee Donald Trump said as many as 70 percent of federal agency regulations could be eliminated if he is elected in November, just hours after an adviser said the candidate would seek to cut 10 percent.

Trump, who blamed regulations for stifling business, told a crowd at a town hall event in New Hampshire on Thursday night that regulations for the environment and safety would remain.

“We are cutting the regulation at a tremendous clip. I would say 70 percent of regulations can go,” Trump said. “It’s just stopping businesses from growing.”

Earlier in the day during an online discussion with , Trump campaign adviser Anthony Scaramucci, a Wall Street financier who has raised campaign money for Trump, said Trump would eliminate 10 percent of regulations.

“We need regulation but immediately every agency will be asked to rate the importance of their regulations and we will push to remove 10 percent of the least important,” he said.

Another Trump campaign adviser reached by confirmed the 10 percent regulatory cut was part of their economic plan.

Jeff Holmstead, a former assistant administrator for the Environmental Protection Agency under George W. Bush’s presidency, said the goal was hard to comprehend.

“You could reduce the number of regulations by 10 percent without accomplishing very much,” he said.

He added it would make more sense for Trump to try to reduce the cost of regulatory compliance by 10 percent.

“I think it probably would be possible for a new administration to make changes that would reduce the cost of these programs by at least 10 percent whil上海夜生活e still maintaining essentially the same level of environmental protection,” he said.

Officials at the EPA and the U.S. Department of the Interior declined to comment, citing internal policies.

Scaramucci also said that Trump, a fierce critic of the Federal Reserve, would probably get along well with Fed Chair Janet Yellen.

Trump has repeatedly accused the Fed of serving as a political arm of the Obama White House,上海凤楼夜网Dalton,. He says Yellen has put off raising interest rates in order to let President Barack Obama end his term in January without the economic shock that a rise in interest rates might entail.

Scaramucci, a founder of SkyBrid,上海夜网邀请码Landon,ge Capital, joined Global Markets Forum to discuss his views of the campaign. He said Trump would strive for a better balance in federal regulations.

Scaramucci was not as dismissive of Yellen as Trump is, saying he believes the New York property developer would warm to her eventually.

“There are many well-qualified candidates but I think Mr. Trump has to spend some time with chairwoman Yellen. I think knowing what I know about his personality he will like her,” he said.

Trump would seek to streamline regulations as a way to generate economic growth and help the flow of capital, the adviser said. Trump has specifically singled out the energy industry as an area that he would look at for reducing regulations.

“Wall Street is not the devil,” said Scaramucci. “In fact we are at our best when (there) is harmony between Main Street and Wall Street and we hope to restore that.”

Scaramucci singled out several areas that Trump wo,上海021夜网Talon,uld look to for reforms:

—Labor Department rules expanding the fiduciary standard for financial brokers who sell retirement products would likely be stopped.

—Legislation similar to the former Glass-Steagall Act that limited the banking industry would be on the table for review.

— The Dodd-Frank banking reforms that emerged from the Great Recession of 2008-09 will be reviewed and “the worst anti-business parts of it will be gutted.”

— The Volcker rule will be adjusted. Named after former Federal Reserve Chairman Paul Volcker, it is part of the sweeping 2010 Dodd-Frank financial reform law. It aims to reduce risk-taking by preventing banks from using their own capital to make speculative bets. 

Germany’s E.ON puts fate of Uniper management in Fortum’s hands

ESSEN, Germany ( ) – A vote that could have triggered a probe into whether managers of German energy company Uniper (UN01.DE) tried to block the sale of a 47 percent stake to Finland’s Fortum (FORTUM.HE) was postponed on Wednesday in line with a proposal by Uniper’s biggest shareholder E.ON (EONGn.DE).

Cornwall (Luxembourg) S.a.r.l., a fund backed by U.S. activist investor Elliott which filed the motion to appoint a special auditor, agreed to the delay, one of its representatives told Uniper’s annual general meeting, where shareholders had been due to vote on the motion.

Actively working to obstruct E.ON’s $4.5 billion sale of the stake to Fortum would be a breach of management’s duties which is not permitted under German takeover regulations.

The appointment of a special auditor would give Elliott, which owns 8 percent of Uniper, a lever to press for changes in the company’s senior management, which is set to remain in place after the deal with Fortum.Representing shares held by Elliott-backed funds, Wolfgang Stu,上海夜网后花园Landon,rm of law firm Broich said the funds were prepared to delay the vote and give management an opportunity to prove they did not actively try to obstruct the transaction.

E.ON’s proposal to delay the vote effectively leaves a decision on the appointment of a special auditor in the hands of future owner Fortum.

It comes just weeks before Fortum is expected to secure regulatory appro上海夜生活val for its planned purchase of the 47 percent stake in Uniper from E.ON.

Russian authorities ruled in late April that Fortum cannot buy more than 50 percent of Uniper, dealing a blow to hedge funds that have bought stakes in hopes that the Finnish group could launch a higher follow-up bid later.

At the time, Fortum alleged that Uniper – an energy generation and trading company spun off from E.ON in 2016 – had worked to block the transaction in Russia, where Uniper operates power plants and water-testing through its local unit Unipro (UPRO.MM).


Uniper’s management has opposed the deal with Fortum from the start, arguing that the combination makes no strategic sense and fearing that Fortum might want to break up the group, but it has denied any wrongdoing.

E.ON’s general counsel Guntram Wuerzberg, speaking on behalf of the group, also asked shareholders on Wednesday to delay a standard decision to endorse Uniper’s management until the next general meeting, when Fortum will be the largest shareholder.

He said it was “too early” to vote on the motions, as approval for the planned transaction from Russian and European authorities was still outstanding. Sources had told on Tuesday that E.ON would seek to delay the decisions.

Uniper Chief Executive Klaus Schaefer said he would de,上海夜生活去哪玩Landon,fend the energy group’s independence, suggesting a full takeover of the group would not be possible with him in the driving seat.

He said that Uniper would still work to create a constructive working relationship with Fortum, which is controlled by the Finnish state and has denied it wants to break up Uniper should it gain fu,上海夜哪里艳遇Octavia,ll control.

“I’d like to state clearly that this wouldn’t in any way alter our intention to remain an independent company. For the simple reason that it’s the best foreseeable course for your company,” Schaefer told the annual meeting.

Shareholder lawsuit attacks Musk’s pay, seeks to overhaul Tesla board

WILMINGTON, Del. ( ) – Elon Musk’s multi-billion dollar compensation package should be rescinded and the board of Tesla Inc should be overhauled to better protect investors in the electronic car company, according to a law suit filed by a shareholder on Thursday.

The lawsuit accused the board of corporate waste and Musk, the company’s chief executive officer and chairman, of unjust enrichment.

The lawsuit is seeking class action status.

Tesla said in a statement that the lawsuit “seeks to take the power from our shareholders and instead give it to plaintiffs lawyers. We will respond accordingly.”

Musk received the support of the company’s shareholders in March for a package that Tesla estimated to be worth $2.6 billion.

A Morgan Stanley analyst estimated the package could be worth up to $70 billion if the company continues to grow quickly. While the award of the pay package cooled speculation that Musk might be planning to quit, it was also criticized for its unprecedented size.

Proxy advisory services ISS and Glass Lewis both had recommended shareholders reject the package.

“The new E. Musk compensation plan is so large it dwarfs the pay package of every other public company CEO,” said the complaint by Richard Tornetta that was unsealed on Thursday in Delaware’s Court of Cha,上海夜哪里艳遇Idaia,ncery.

Tesla’s s,上海夜生活服务Hadley,tatement noted that Musk gets nothing unless the company’s market value doubles and continues to increase until it becomes one of the world’s most valuable companies.

Much of the complaint describing the how the pay package is unfair was redacted.

The complaint said Tornetta obtained corporate records from Tesla as permitted under Delaware corporate law. Companies sometimes provide that information only if a shareholder signs a non-disclosure agreement.

The lawsuit was unsealed days after shareholders rejected a shareholder proposal to strip Musk of the chairman role.

That had represented the strongest challenge yet to Musk’s grip on the Silicon Valley car maker, which also faces production setbacks and expectations by many analysts that it will need to raise new cash.

The case was assigned上海夜生活 to Vice Chancellor Joseph Slights. In March, Slights ruled against Tesla’s request for an early dismissal of a shareholder class action challenging the company’s acquisition of SolarCity Corp, a renewable energy company.

The lawsuit alleged that Musk used his power over Tesla’s board ,上海夜生活论坛Faith,to buy SolarCity at a price that unfairly benefited Musk, a large shareholder in SolarCity.

The SolarCity deal closed in November 2016.

That case is proceeding to trial.

Facebook confirms data sharing with Chinese companies

WASHINGTON ( ) – Facebook Inc (FB.O) said Tuesday it has data sharing partnerships with at least four Chinese companies including Huawei, the world’s third largest smartphone maker, which has come under scrutiny from U.S. intelligence agencies on security concerns.

The social media company said Huawei Technologies Co Ltd HWT.UL, computer maker Lenovo Group (0992.HK), and smartphone makers OPPO and TCL Corp (000100.SZ) were among about 60 companies worldwide that received access to some user data after they signed contracts to re-create Facebook-like experiences for their users.

Members of Congress raised concerns after The New York Times reported on the practice on Sunday, saying that data of users’ friends could have been accessed without their explicit consent. Facebook denied that and said the data access was to allow its users to access account features on mobile devices.

More than half of the partnerships have already been wound down, Facebook said. It said on Tuesday it would end the Huawei agreement later this week. It is ending the other three partnerships with Chinese firms as well.

Chinese telecommunications companies have come under scrutiny from U.S. intelligence officials who argue they provide an opportunity for foreign espionage and threaten critical U.S. infrastructure, something the Chinese have consistently denied.

Senator Mark Warner, vice chairman of the Intelligence Committee, who asked Facebook if Huawei was among the companies that received user data, said in a statement that the House of Representatives Intelligence Committee had raised concerns about Huawei dating back in 2012.

“The news that Facebook provided privileged access to Facebook’s API to Chinese device makers like Huawei and TCL raises legitimate concerns, and I look forward to learning more about how Facebook ensured that information about their users was not sent to Chinese servers,” Warner said.

API, or application program interface, essentially specifies how software components should interact.

A Facebook executive said the company had carefully managed the access it gave to the Chinese companies.

“Facebook along with many other U.S. tech companies have worked with them and other Chinese manufacturers to integrate their services onto these phones,” Francisco Varela, vice president of mobile partnerships for Facebook, said in a statement. “Facebook’s integrations with Huawei, Lenovo, OPPO and TCL were controlled from the get-go — and we approved the Facebook experiences these companies built.”

Varela added that “given the interest from Congress, we wanted to make clear that all the information from these integrations with Huawei was stored on the device, not on Huawei’s servers.”

Speaking in Beijing, Chinese Foreign Ministry spokeswoman Hua Chunying said she would not comment on cooperation between companies and knew nothing of the situation.

“But we hope that the U.S. side can provide a fair, transparent, open and friendly environment for Chinese companies’ investment and operational activities,” Hua told reporters.


Earl,上海夜生活网交流Sabia,ier on Tuesday, the Se,上海夜生活男人好去处Gabriella,nate Commerce Committee demanded that Facebook’s chief executive officer, Mark Zuckerberg, respond to a report that user data was shared with at least 60 device manufacturers, weeks after the social media company said it would change its practices after a political firm got access to data from millions of users.

Senators John Thune, the committee’s Republican chairman, and Bill Nelson, the ranking Democrat, on Tuesday wrote to Zuckerberg after The New York Times reported that manufacturers were able to access data of users’ friends even if the friends denied permission to share the information with third parties.

In April, the Federal Communications Commission proposed new rules that would bar purcha上海夜生活网ses by government programs from companies that it says pose a security threat to U.S. telecoms networks, a move aimed at Huawei and ZTE Corp (000063.SZ), China’s No. 2 telecommunications equipment maker. The Pentagon in May ordered retail outlets on U.S. military bases to stop selling Huawei and ZTE phones, citing potential security risks.

ZTE was not among the firms that received access to Facebook data, but it has been the subject of U.S. national security concerns.

The letter asks if Facebook audited partnerships with the device manufacturers under a 2011 consent order with the Federal Trade Commission (FTC). It also asked if Zuckerberg wanted to revise his testimony before the Senate in April.

Facebook said it looks forward to addressing any questions the Commerce Committee has.

Facebook still has not answered hundreds of written questions submitted from members of Congress after Zuckerberg’s testimony in April, according to congressional staff.

The data sharing mentioned in the Times story was used over the last decade by about 60 companies, including Amazon.com Inc (AMZN.O), Apple Inc (AAPL.O), Blackberry Ltd (BB.TO), HTC Corp (2498.TW), Microsoft Corp (MSFT.O) and Samsung Electronics Co Ltd (005930.KS), Ime Archibong, Facebook vice president of product partnerships, wrote in a blog post on June 3.

The FTC confirmed in March that it was investigating Facebook’s privacy practices.

Facebook allowed Apple and other device makers to have “deep” access to users’ personal data without their consent, according to the Times.

The Times said Facebook allowed companies access to the data of users’ friends without their explicit consent, even after it had declared it would no longer share the information with outsiders.

Archibong said the data was only shared with device makers in order to improve Facebook users’ access to the information. “These partners signed agreements that prevented people’s Facebook information from being used for any other purpose than to recreate Facebook-like experiences.”

Regulators and authorities in several countries have increased scrutiny of Facebook after it failed to protect the data of some 87 million users that was shared with now-defunct political data firm Cambridge Analytica.

Two Democrats on the Senate Commerce Committee, Edward Markey and Richard Blumenthal, on Monday also wrote to Zuckerberg.

Archibong said the cases were “very different” from the use of data by third-party developers in the Cambridge row.

New York Attorney General Barbara Underwood said on Monday the “dat,上海凤楼夜网Naia,a-sharing partnerships with other corporations” is part of the ongoing investigation into the reported misuse of Facebook user data by Cambridge Analytica.

(This version of the story corrects second paragraph to insert ticker for Huawei Technologies instead of Huawei Culture and adds full company name)

RBS finance chief in surprise exit ahead of British stake sale

EDINBURGH ( ) – Royal Bank of Scotland’s (RBS.L) finance chief quit unexpectedly on Wednesday and cast doubt on the timing of a possible sale of some of the British government’s controlling stake.

Former investment banker Ewen Stevenson declined to say where he was going or exactly when at the bank’s AGM.

“You’ll know when there is news to tell,” he told reporters at RBS’ headquarters in Edinburgh, where the meeting was held, while RBS said a leaving date would be confirmed in due course.

Asked about reports the government could start selling down its more than 70 percent RBS stake this week, Stevenson said a sell-off in bank stocks sparked by nervousness over political developments in Italy and Spain made this unlikely.

“I’d be surprised i上海夜网f now was an optimal time to sell,” the 52-year-old New Zealander who became CFO in 2014, said.

RBS was rescued in a 45.5 billion pound ($60 billion) bailout by the British government during the 2008 financial crisis and has spent the last decade shedding trillions of dollars of assets and dealing with the legal and regulatory hangover from an unfettered pre-2008 global expansion.

Stevenson joined RBS in May 2014 after 25 years at Credit Suisse (CSGN.S) and has led turnaround efforts with the bank’s chief executive Ross McEwan, who arrived six months earlier.

McEwan, who has dismissed speculation about his own departure, told reporters at the AGM he had only heard of Stevenson’s plan to depart in the last 24 hours.

“I’m sad to lose Ewen, he’s done a fantastic job,” McEwan, a fellow New Zealander said.

The bank’s shares, which have gained around 2.8 percent since the bank’s full-year results in February, were down 1.4 percent to 276 pence at 1415 GMT.


The top ranks of RBS have come under scrutiny since the conclusion of a U.S. Department of Justice probe which resulted in a $4.9 billion settlement over the mis-selling of mortgage backed securities.

Shareholders have raised questions about who will be best placed to lead the bank through its next phase of recovery and the long awaited transfer back to full private ownership, with speculation centered on the futur,上海夜生活去哪玩Macey,e of McEwan.

At its Gogarburn complex on the outskirts of Edinburgh, a sprawling campus of o,上海021夜网Tamara,ffices and shops built on the site of a former psychiatric hospital, McEwan defended branch closures, saying they were needed to address declining customer visits.

While RBS has since turned over much of the site to local businesses in a bid to draw a line under that era of excess, the bank still faces criticism in Scotland for the rate at which it has been shuttering branches.

Outside the complex, which was opened in 2005 at a reported cost of 350 million pounds, protesters from the union Unite gathered ahead of the meeting to protest at the closures.

At the bank’s site in Manchester, Unite said another protest drew around 50-60 demonst,上海会所夜网Macauly,rators.

(This version of the story refiles to remove extraneous word in para 11.)

KPMG to layoff 400 employees in South Africa in latest shake-up…

JOHANNESBURG ( ) – Global auditor KPMG said on Monday it will axe up to 400 staff in South Africa in its latest shake-up following a corruption scandal in the country, which saw it lose several major clients.

The auditor has taken a number of steps since last September to help restore the reputation of its South African business, including ,上海夜网千花Qirin,changes to corporate governance and management and measures to improve risk management.

On Monda上海夜生活y it said it plans to have just four business hubs in South Africa – in Johannesburg, Cape Town, Durban and Port Elizabeth – and will appoint some executives from KPMG International to KPMG South Africa’s board.

It will close small regional offices in Mbombela, Bloemfontein, Polokwane and East London, resulting in the lay offs, KPMG S,上海夜生活Lark,outh Africa’s CEO Nhlamulo Dlomu said during a conference call.

KPMG’s South African unit has been under close scrutiny since 2017 over work done for a company owned by the Gupta family – who have been accused of using their links to former president Jacob Zuma to influence government decisions and the awarding of tenders – and more recently for small lender VBS Mutual Bank.

The Guptas and Zuma have denied any wrongdoing.

Dlomu said the offices that will close were quite dependent on audit work carried out for the Auditor General, who said in April that he would terminate all government contracts with KPMG following the scandals.

“Because of the losses we’ve seen there, it has become difficult to retain those offices and so we are refocusing the business to be able to respond to some of the losses that we’ve seen in the client environment,” Dlomu said.

After the auditor general cut ties with KPMG, Barclays Africa BGAJ.J, one of KPMG’s biggest clients, decided to stop doing business with the company.

More than 12 other clients have severed ties with KPMG since last year, with South African micro lender Finbond (FGLJ.J) last month becoming the latest firm to drop the auditor.


The business units affected provide advisory and internal support services.

KPMG expects to wrap up the process by the beginning of August, Dlomu said.

“These hard decisions were n,上海晚上耍女人的地方Fabiana,ecessary to put the firm on a more sustainable footing, while ensuring we continue to offer our clients the best service and support,” Dlomu said in a statement.

A number of senior KPMG partners from across its international network will be appointed to the board and executive positions at its South African unit as well as to senior client service roles, the company said.

“Today’s announcement to embed additional senior international partners into the South African leadership team is evidence of the significant investment KPMG International is providing to help ensure KPMG South Africa can continue to focus on trust, quality and integrity,” KPMG International Chairman Bill Thomas said.

Qatar Airways boss apologizes for remarks on women CEOs

SYDNEY ( ) – The head of Qatar Airways apologized on Wednesday for saying that a woman could not do his job, while global airlines pledged to speed up efforts to break down gender imbalances in aviation.

Qatar Airways Chief Executive Akbar Al Baker said his remarks at the closing of a global airlines gathering on Tuesday had been intended as a joke and taken out of context.

He defended his airline’s record of gender diversity,上海夜生活论坛 saying 44 percent of its staff were female including some in senior positions.

“Quite frankly I think the press took it out of context. They … blew it out of proportion. It was just a joke…I apologize for it,” Al Baker told a CAPA-Centre for Aviation conference in Sydney.

Asked on Tuesday about female employment among Middle East airlines and why his job as CEO could not be done by a woman, al Baker had said: “Of course it has to be led by a man because it is a very challenging position.”

He made the comments at a news conference following a meeting of airlines group International Air Transport Association (IATA), moments after being elected its chairman.

The remarks drew criticism on social media.

The issue of gender imbalance in aviation was a hot topic at the three-day annual meeting of IATA – only six of whose 280 member airlines, or 2 percent, have female chief executives.

Al Baker later said Qatar Airway,上海夜网千花Babette,s was the first carrier in the Middle East to have female pilots.

On Wednesday, the director-general of IATA noted that al Baker had earlier apologized for his comments.

“But the immediate reaction illustrated that expectations for change are high. And it is absolutely clear that aviation has a lot of work to do on gender balance at senior levels,” Alexandre de Juniac added in a blog on IATA’s website.


Al Baker is one of the airline industry’s most outspoken figures, known for provocative and often humorous criticism of rival airlines or suppliers, but he has also drawn criticism over the judgment of some of his declarations.

In 2017 he apologized after calling U.S. flight attendants “grandmothers” during a trade row with U.S. airlines, prompting an airline union to accuse him of sexism and age discrimination.

In 2014, Qatar Airways defended policies on pregnancy and marriage for cabin crew after coming under fire over working conditions in the conservative Gulf emirate.

Asked at Wednesday’s CAPA conference whether he truly believed that only a man could do his job, Al Baker said, “No, I don’t believe that. As a matter of fact (at) Air Italy the majority shareholder has shortlisted women to be CEO and as minority shareholder we are actively encouraging that.”

Sharing a podium, Willie Walsh, the head of British Airways owner IAG (ICAG.L), said the industry had a long way to go in promoting women, starting with IATA, a quasi-international organization with two women on its 31-person board.

“This whole debate should encourage more,” Walsh said.

“If you look at the board it is predominantly middle-aged white men from Europe. We have more diversity on the board now than we have had for a long time, and we have to strive to improve that situation.”

Al Baker pledged to bring more women onto IATA’s board, but said there h,上海021夜网Octava,ad been few applicants.,上海晚上耍女人的地方Ebba, Board members must be a CEO. IATA says just 3 percent of airlines have a female leader.

Delegates said seats are also divided up by region, meaning some national airlines may have to release influential board seats to favor a female candidate from their own region, but a woman in one region could not benefit from a vacancy in another.

“Bridging the gap at senior levels will not be simple,” de Juniac wrote.

The gender row comes amid a deeper debate about whether airlines based on different national social models, recruitment policies and wage structures can compete on equal terms.

U.S. and some European airlines have accused Gulf carriers of unfair competition based on subsidies and social policies, but Walsh – whose group counts Qatar Airways as a shareholder – said he believed Gulf airlines competed on an equal footing.

Canada auto sales fall marginally in May

( ) – Canada’s auto sales recorded a small dip in May as strong sales of light trucks failed to offset slowing demand for passenger cars.

Overall auto sales fell 0.7 percent in May, with passenger cars posting a 9.4 percent decline to 68,070 units, according to research firm DesRosiers Automotive Consultants.

In contrast, light truck sales rose 4 percent to 147,337 units, accounting for nearly 69 percent of overall sales.

Strong performances from Chevrolet light trucks and cars, helped General Motors Co (GM.N) post a 5.4 percent rise in sal,上海凤楼夜网Dakota,es to 32,831 units.

However, rival Ford Motor Co (F.N) reported a 3.3 percent dr,上海夜网推油Ebba,op to 33,341 units, while Fiat Chrysler Automobiles NV (FCAU.,上海夜生活Barrett,N) sales slumped 15 percent.

The boost in May sales also helped General Motors edge out Ford for the overall sales lead on a year-to-date basis.

Canadians are spending less this year, with household spending growing just 0.3 percent in t上海夜生活论坛he first quarter, the slowest pace since the comparable period in 2015 when the economy was hit by tumbling oil prices. (reut.rs/2J7E3KF)

“Given the current economic and political uncertainty, these sales levels remain pretty impressive,” said David Adams, president of the Global Automakers of Canada, an industry body.

May sales of new vehicles in the United States were up 2 percent, helped by low unemployment and strong consumer confidence.

Oil output could return to October 2016 level, says Russia’s Novak

MOSCOW ( ) – A return to the oil production levels that were in place in October 2016, baseline for the current deal to cu上海夜生活t output, is one of the options for easing curbs, Russia’s energy minister said on Saturday.

Sources said this week that Saudi Arabia and Russia were discussing raising OPEC and non-OPEC oil production to ease 17 months of strict supply curbs amid concerns that a price rally has gone too far.

“When we extended the agreement until the end of 2018, we spoke about such possibilities (of returning to the October 2016 level),” Novak told reporters.

“But a decision will be made in June,” he added, referring to meetings of OPEC and non-OPEC countries in Vienna on June 22-23.

The existing deal came into force on J,上海夜网千花Jack,anuary 1, 2017, and envisaged global oil producers reducing their combined output by 1.8 million barrels per day (bpd) to cut bloated stockpiles and prop up oil prices.

Russia’s oil output reached a 30-year high of 11.247 million bpd in October 2016 and it pledged to cut it by 300,000 bpd to 10.947 mln.

In March and in April this year it failed to fully comply with the deal, pumping at the pace of 10.97 million bpd, a 11-month high.

Oil prices have risen to $80 per barrel, levels unseen since late 2014. Russian President Vladimir Putin said on Thursday that the price of $60 “suits Russia”.

Novak was also quoted as saying on Saturday he expected Iran to reduce its output by no more than 10 percent as a result of the move by the United States to w,上海夜哪里艳遇Hadley,ithdraw from a nuclear deal and reinstate sanctions against Tehran.

“I think the output reduction will not be as significant as many expect,” RIA news agency quoted Novak as saying when asked if he agreed with an estimate that the sanctions could remove as much as 800,000 barrels a day from the market.

“Some 10 percent is probably the maximum level,” he said.

Novak also estimated that the “geopolitical risk” premium to the oil price was around $5-$7 per barrel. ,上海高端夜生活在那里Caden,

Icahn buys small stake in drugmaker Allergan: sources

( ) – Billionaire investor Carl Icahn has acquired a small stake in Allergan Plc (AGN.N) at a time when the drugmaker is under pressure from other activist shareholders, people familiar with the matter said on Wednesday.

Icahn’s intentions are not clear, though he has been a longtime supporter of Allergan Chief Executive Brent Saunders, pushing for him in 2013 to become CEO of Forest Laboratories, which through mergers and acquisitions became Allergan.

Icahn, who had invested in Allergan in the past, believes the company’s stock is undervalued, the sources said, asking not to be identified because the matter is confidential.

Icahn ,夜上海论坛Barbara,did not respond to a request for comment.

“We welcome all investments in the company,” Allergan spokeswoman Amy Rose said.

Bloomberg News first reported on Icahn’s new position in Allergan.

Earlier this week, investment firms Appaloosa LP and Senator Investment Group LP wrote a letter to Allergan’s board of directors urging it not to pursue transformative acquisitions but instead shake up its board, including separating the roles of CEO and chairman, which are both held by Saunders.

The letter came shortly after Allergan said it had concluded a strategic review it launched earlier this year.

As a result of the review, Allergan is exploring divesting its women’s health and infectious disease businesses, opting to focus on areas where it has strong leadership positio上海夜网ns.

It also said it would pursue a more disciplined capital allocation strategy.

Icahn last showed his support for Saunders in 2016, when he unveiled a stake in Alle,上海夜玩网论坛Octavien,rgan after its planned $150 billion sale to Pfizer Inc (PFE.N) was shot down by changes the U.S. government implemented to the rules on corporate tax inversions.

In 2016, Allergan sold its generic drug business to Teva Pharmaceuticals Inc for about $40 billion. In April, Allergan said it was considering an offer for rare disease drug maker Shire Plc SHP,上海仙霞路夜生活Lark,.L, only to reverse course after Allergan shares plummeted on the news.

It has spent much of the money on stock buybacks, debt reduction and a series of small-to-midsized acquisitions, including medical technology company ZELTIQ Aesthetics Inc and drugmaker Tobira Therapeutics.

Bain says will help Toshiba Memory pursue big acquisitions

TOKYO ( ) – Bain Capital, which led the $18 billion acquisition of Toshiba Memory Corp, said on Monday it plans to support the business in pursuing M&A in the chip industry, including potentially large deals.

The world’s No. 2 maker of NAND chips is expected to have significant funding and spending needs – partly due to the high capital cost nature of the semiconductor industry but also because it has to please the m,上海夜网推油Idaia,any members of the winning Bain c,上海夜网邀请码Qirin,onsortium.

The U.S. private equity firm and Toshiba Memory will discuss what kind of technologies or acquisitions ,上海夜哪里艳遇Kaia,will be required, with Toshiba Memory president Yasuo Naruke noting that in the longer term technology relating to next generation memory chips would be needed.

“I believe our financing power will enable Toshiba Memory engage in large-scale M&A deals,” Yuji Sugimoto, head of Bain Capital in Japan, told a news conference following the completion of the deal last week.

Talk of potential acquisitions comes amid booming demand for chips as the rise of powerful smartphones, artificial intelligence and autonomous driving require ever-larger amounts of data storage.

Last September, the Bain consortium won a long and highly contentious battle for Toshiba Corp’s (6502.T) chip business – put up for sale after cost overruns at a U.S. nuclear unit plunged the Japanese conglomerate into crisis.

Under the deal, Toshiba has reinvested in the unit, holding some 40 percent. Other consortium members include Apple Inc (AAPL.O), South Korean chipmaker SK Hynix (000660.KS), Dell Technologies, Seagate Technology (STX.O), Kingston Technology and Hoya Corp (7741.T).

Its new owners plan an IPO for the business within three years.

Toshiba had 19.3 percent of the NAND market in the January-March quarter, trailing arch-rival Samsung Electronics Co Ltd (005930.KS) which held 37 percent, according to research firm TrendForce.

“Compared to our bigger rival…we are lagging behind in volume, including production capacity,” Naruke said, adding that there had been a slight delay in investing in the shift to so-called 3D NAND chips from planar ones.

Three-dimensional NAND chips have a stacked cell structure giving them far more storage capacity than conventional chips.

Aggressive capacity expansion for 3D NAND chips is underway at Toshiba Memory, with its sixth production line set to start operating this summer at its Yokkaichi plant in central Japan, already the largest single NAND production site in the world.

Construction of a 上海夜生活网new memory chip plant in Kitakami, northern Japan, will also start in July this year.

Further capacity expansions will depend on market demand, Naruke said, but added that new production lines could be built either in Yokkaichi or in Kitakami.

Airbus chief says automation to revamp jet manufacturing, help meet…

SYDNEY ( ) – The new president of Europe’s Airbus said digital technology would sweep thr,上海夜网Sabine,ough aircraft factories in coming years, enabling higher production and triggering a significant shift in research and development spending toward high-tech manufacturing.

Guillaume Faury, who took over the planemaking unit of Airbus in February, said an additional A320 production line to be opened soon in Hamburg, Germany, would contain significantly more automation and robots than previous上海夜生活论坛ly.

“Whether it is modern tooling or access to more data, there are far more possibilities than before. What worked for small production lines is becoming a reality for bigger ones,” Faury told ahead of an annual meeting of the International Air Transport Association on Sunday.

“It is going to transform our industry, I am convinced.”

His comments underscore a shift in planemaker competition to focus more on production efficiencies rather than mega-sales as Airbus and rival Boeing sit on orders equivalent to 8 years of production.

On Friday, Faury told staff Airbus faced a challenge in reaching 2018 delivery targets and must eventually overhaul a manufacturing system that belongs to a “bygone age,” according to an internal memo seen by .

The world’s second-largest planemaker is not, however, ready to decide on an increase in A320 narrowbody production to 70-plus aircraft a month due to recent engine delays caused by technical and supply-chain problems.

“Rate 75 (per month) would create opportunities to do new things but we,上海夜生活服务Larissa, are not yet there. We are ramping up from 50 to 60, that is the current challenge…I like to say step by step,” said Faury.

The engine shortages have left a new record of 100 semi-finished jets sitting undelivered outside Airbus factories.


Faury told the success of the A320 had lifted output to levels that engineers call “flow production” rather than a slower workshop-type model.

He added that when the A320 factories had been laid out some 30 years ago, they weren’t designed for such mass production in mind, with expectations for 1,500 planes over the lifetime of the program. By contrast, Airbus now produces 600 a year.

“The production system was designed at a time when this level of production was not even dreamed of,” he said.

Airbus has sold 8,000 of the jets with another 6,000 on order and low costs are critical to this increasingly commoditized part of the jet business, where the A320 fights the equally sought-after Boeing 737. The battle over production strategy is expected to be even fiercer for future planes.

Asked if this would hike R&D spending, Faury said “no…but the share that goes to digital is increasing very significantly”.

Faury also too,上海会所夜网Ebba,k a step back from aggressive rhetoric previously heard from Airbus on market share battles against Boeing (BA.N).

For years the two giants have competed toe-to-toe for aircraft sales. Their sales volumes feed through to relative production costs, and thus the price at which aircraft can be sold – but maximizing volume can also require painful discounts.

Asked about the value of market share, Faury said: “A company is not in the same position when it has to acquire a position on the market and gain credibility to become one of the big players in the game. I think this is now behind us in Airbus, and we have acquired this place and the game has slightly changed.”

Faury said he was monitoring separate problems on engines provided to Boeing 787s by Rolls-Royce (RR.L), which is also the biggest supplier for Airbus wide-bodies. He saw no impact on Airbus programs yet and reiterated his commitment to the UK firm.

Hyundai Motor says reviews investing in contract manufacturing

SEOUL ( ) – Hyundai Motor (005380.KS) on Monday conducted due diligence on a contract car manufact,上海夜生活桑拿会所Kaiden,uring plant site for possible investment, as the South Korean firm seeks ways to cut costs and conserve capital to develop new technologies such as electric vehicles.

The move follows Hyundai’s announcement on Friday that it had submitted a letter of intent to consider investing in the plant proposed by the city of Gwangju in the southwest of the country.

Contract manufacturing has been largely used by electronics industry – Apple Inc (AAPL.O) outsources production of the bulk of iPhones and other devices to Taiwan’s Foxconn – and established aut,夜上海论坛Jacob,omakers are gradually embracing contractors too in a bid to save costs.

Canadian auto parts supplier Magna International Inc (MG.TO) produces BMW and other cars, and Hyundai’s affiliate Kia Motors (000270.KS) outsources the production of its Picanto mini car.

But Hyundai’s investment, if finalised, would mark a rare expansion by major automakers into contract manufacturing.

“Even though the investment is confirmed, we are considering outsourcing and securing supplies of an economical new car by investing in a non-controlling stake without participating in the management of the new corporation,” Hyundai said in a statement.

The Joonang Ilbo daily reported last week that the city of Gwangju government is looking to build the plant by 2020 at the earliest and keep annual wages at 40 million won (28,010.49 pounds), or roughly half that of Hyundai Motor.

The plant, which will have annual capacity of 100,000 vehicles, will require an investment of at least 500 billion won and Hyundai is likely to offer 40 billion won to take a 20 percent stake, the paper said.

Hyundai’s labour union called on the company to withdraw the move, saying that will decrease wages of exi,上海夜生活服务Kai,sting workers and 上海夜生活网create job insecurity. The union, in a statement, called the move a “political decision,” accusing the automaker of “caving in on the Moon Jae-in government’s pressure” to create jobs.

The company declined to comment on the union’s allegation.

A Gwangju city official said it will try to attract investment from other automakers as well, without elaborating further.

Lufthansa eyes another record summer, but sticks to profit target

SYDNEY ( ) – Lufthansa’s (LHAG.DE) chief executive is expecting another record summer in terms of bookings but is still sticking to a forecast for profit to fall this year given rising oil prices and the cost of expanding its Eurowings business.

“Basically we are looking for a record summer, even outperforming the record summer of 2017,” Carsten Spohr told on the sidelines of an aviation industry meeting in Sydney.

“That applies to the load factors and we are ,上海夜生活群Paisley,quite positive on the yield situation for this summer,” he said.

Global airlines on Monday slashed their forecast for industry profits in 2018 due to a spike in fuel costs.

Lufthansa is growing its Eurowings budget unit via acquisitions, and Spohr said Lufthansa could grab more opportunities when they arose.

While Alitalia would make a good addition to its collection of premium brands, alongside Lufthansa, Swiss and Austrian units, it needed restructuring first.

Asked whether Lufthansa was interested in Norwegian Air Shuttle (NWC.OL), Spohr said: “Everybody talks to everybody right now. It’s a small continent.”

The rising oil price has led some executives meeting in Sydney to suggest carriers could cut capacity at some point.

Lufthansa, trying to fill the gap left by the collapse of local rival,上海仙霞路夜生活Mabel, Air Berlin, has no plans to reduce capacity in light of higher oil prices. It has however cut capacity following delays to aircraft deliveries due to engine issues.

“Our forward bookings are so strong I am happy with all the growth we can realise,” he said.

Spohr said Lufthansa’s A320neo fleet w上海夜生活网as only at half the productivity it should be and was still working with Airbus (AIR.PA) and engine maker Pratt & Whitney (UTX.N) to fix the issues. Lufthansa had also ordered A320ceo planes to make up for the delays.

Separately, other airlines including British Airways (ICAG.L), Virgin Atlantic and Air New Zealand (AIR.NZ) are grappling with Rolls-Royce (RR.L) engine problems on 787 Dreaml,上海高端夜生活在那里Qirin,iners that has grounded some planes.

Spohr said the various aircraft engine issues affecting the industry could even have a positive effect by reducing capacity growth.

“As an industry we all know it’s healthy to have less growth,” he said.

Carrefour takes on French rivals in e-commerce with Google tie-up

PARIS ( ) – France’s largest food retailer Carrefour (CARR.PA) is teaming up with Google (GOOGL.O) to boost its online shopping business on its home turf, where rivals are also launching e-commerce offensives.

Carrefour said on Monday that from next year its groceries would be available on the U.S. search engine’s new dedicated shopping site in Franc,夜上海论坛Idaline,e, or through Google-operated systems such as connected speakers and voice-assisted devices.

The tie-up comes amid a broader shake-up in France’s competitive food retail market as retailers invest in online platforms and home delivery services to win over clients and ward off in-roads by U.S. e-commerce giant Amazon.

Casino’s upmarket Monoprix chain in March became the first French retailer to agree to sell products on Amazon. Casino also has a home deliv,上海夜生活乌托邦Rachel,ery partnership with UK online retailer Ocado (OCDO.L,夜上海419龙凤论坛Larissa,).

Alphabet Inc’s Google, meanwhile, has been pushing to roll out new shopping services to retailers such as Walmart (WMT.N), enabling them to list products on a special shopping site or Google Assistant on mobile phones and voice devices.

The U.S. firm hopes the program will allow retailers to capture more purchases on mobile phones or smart home devices. The Carrefour deal marks the first partnership in France.

The companies said in a stat上海夜网ement they would open an innovation lab in Paris this summer, in partnership with Google Cloud, for research into artificial intelligence that can be used in consumer services.

Google will also roll out its G Suite productivity tools – where it rivals Microsoft Office – to the entire Carrefour group and its 160,000 employees, the companies said.