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Updated on : 9:05 am GMT | Wednesday 11th of September 2016 12
 
Issued By Business & Finance Group | Dubai Media City | Issue No.305
News Archive
G-20 finance officials begin global economy talks
Business & Finance Club Magazine - Global Forum – Finance officials from leading advanced and emerging countries began talks Thursday aimed at hammering out reforms to the global economic system to prevent debilitating crises such as the one that dragged the world to the verge of a depression in 2008.
New law to strengthen Pakistan's banks
Business & Finance Club Magazine - Global Forum- Pakistan introduced a new law to strengthen banks and ensure financial health of those in trouble.
China inflation rises as housing, food costs jump
Business & Finance Group - Global Forum - BEIJING: China's inflation accelerated in April, triggering a selloff in Chinese stocks Tuesday on fears of overheating and a possible credit clampdown by Beijing that might slow the country's economic recovery.
Toyota quarterly profit $1.2 bln as sales recover
Business & Finance Group - Global Forum - Tokyo: Toyota cruised back to profit in the latest quarter as the world's top carmaker cut costs and hitched a ride on the global auto sales recovery while fighting to salvage its reputation for quality.
How the Balkan countries ranked in the 2010 World Economic Forum Progress Study
Business & Finance Group - Global Forum - Balkans: World Economic Forum’s Lisbon Review 2010 released on Sunday, ahead of the upcoming World Economic Forum on Europe studies the progress made by EU Member countries in the far-reaching goals of the EU’s Lisbon Strategy of economic and structural reforms.
Detroit motor show goes electric

The first Detroit motor show after US carmakers General Motors and Chrysler emerged from bankruptcy opens later.

The event, which is set to premiere 60 new models, remains the most important motor show in the US, in spite of the crisis that has rocked the industry.

Electric cars are to take centre stage, as Detroit tries to reinvent itself as a base for new automotive technologies.

Small petrol-powered cars are also due to be popular, a shift from previous years when large cars dominated.

Small and electric

The change in emphasis towards more fuel efficient cars comes as US drivers are becoming increasingly concerned with the cost of petrol.

Regulatory requirements are also being tightened amidst an increasing focus on the importance of reducing carbon dioxide emissions from cars in order to curb global warming.

Chrysler, which is now controlled by Fiat, is pinning its hopes on rebadged versions of the Italian carmaker's cars, while GM will unveil its Chevrolet Spark city car.

Ford, meanwhile, is unveiling its new Focus, hot on the heels of its introduction of the smaller Fiesta at the Los Angeles motor show last month.

The hope is that Detroit's automotive industry can be revived, thus helping to create jobs in Michigan, where unemployment reached 15.8% last year.

But Detroit's incumbents will face tough competition from non-US carmakers.

European and Asian carmakers will place great emphasis on petrol-electric hybrids or electric concept cars at this year's show.

 

 
 

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