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STOCKHOLM/FRANKFURT/JOHANNESBURG (Reuters) – South African media and e-commerce Naspers said it was in talks to increase its stake in Avito, confirming a Reuters report that the group was close to taking control of Russia’s largest classified advertising platform pioneer cufflinks history. “We can confirm that we are currently engaged in a process to potentially increase our stake in Avito,” a Naspers spokeswoman said. Reuters had reported that Naspers was nearing a deal to buy out the 32.1 percent held by minority shareholders in a deal that could value Avito at about $4 billion, implying Naspers could spend roughly $1.3 billion..

Naspers had $8.7 billion in cash as of the end of September. The South African company has transformed itself from a newspaper publisher into an $96 billion media empire by pushing into websites and e-commerce, holding stakes in Russian internet group Mail.Ru and Chinese social network and online entertainment firm Tencent pioneer cufflinks history. Vostok New Ventures, one of Avito’s four minority investors with a 13.2 percent stake, said separately it was in talks to sell its stake in Avito to Naspers Russia Classifieds for $540 million..

The potential deal, which it said was in the final stages and expected to be announced within the next few hours, implies an equity valuation of about $4 billion for Avito, it said. Avito, whose other minority shareholders include its Swedish founders and another fund called Baring Vostok, was not immediately available to comment. The company was launched by entrepreneurs Jonas Nordlander and Filip Engelbert in 2007 as Russia’s answer to Craigslist and today owns and operates the country’s largest online classifieds website Avito.ru pioneer cufflinks history.

Online marketplaces in Russia have grown rapidly in the last few years, offering anything from food delivery and cleaning to private house construction services. Naspers invested in Avito in 2013 by buying a 17.4 percent stake, merging in its local classified businesses and injecting $50 million in cash. The transaction valued Avito at more than $570 million. The Cape Town-based company consequently became Avito’s majority shareholder in 2015, when it bumped up its holding to 67.9 percent, putting a worth of $2.4 billion on the target pioneer cufflinks history.

DAVOS, Switzerland (Reuters) – Impatient with a lack of World Trade Organization rules on the explosive growth of e-commerce, 76 members – including the United States, China, the European Union and Japan – agreed on Friday to start negotiating a new framework. China, which is locked in a trade war with the United States, signaled conditional support for the initiative but said it should also take into account the needs of developing countries, in comments likely to rile Washington pioneer cufflinks history. E-commerce, or online trade in goods and services, has become a huge component of the global economy. A WTO report put the total value of e-commerce in 2016 at $27.7 trillion, of which nearly $24 trillion was business-to-business transactions..

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Analysts at Bank of America Merrill Lynch reckon funds have been putting money into EM stocks for the last 15 weeks and this month the index is up 7 percent, which is nearly as much as it surged last January before buckling so badly double initial cufflinks. “We have seen more interest in EM assets for several months,” said Aberdeen Standard’s head of global strategy, Andrew Milligan. Another remarkable symmetry is that almost a year to the day since the bears first attacked, Turkish stocks have came full circle and achieved ‘bull market’ status – 20 percent up from their lows..

It has been Brazil that has really set pace in that respect though. Its main stock market started to rebound from a 20 percent drop in June and was already a bull market by the time far-right but reform-focused Jair Bolsonaro won the first round of presidential elections in early October. Brazilian stocks are now up 40 percent from their lows and at an all-time high. Aviva Investors’ head of multi-asset funds, Sunil Krishnan, started buying up more EM assets back in November. “If we are right that U.S. macro is in reasonable shape and at least in some areas trade dialogue between the U.S. and China will improve and Chinese authorities will be more aggressive with stimulus double initial cufflinks. then it should be a constructive year for EM.”..

BRUSSELS (Reuters) – Siemens and Alstom on Friday beefed up concessions aimed at allaying EU antitrust concerns about their rail merger deal, a person familiar with the matter said, in a belated and possibly futile move to stave off an EU veto against the deal double initial cufflinks. German company Siemens and French peer Alstom have said their deal aims to help them better deal with China’s state-owned CRRC Corp Ltd, an assertion dismissed by the European Commission. The companies, which offered to license parts of Siemens’s high-speed train business and sell parts of their signaling operations, are now prepared to share Siemens’ high-speed train technology for 10 years instead of five in Europe, the source said..

They are also willing to extend non-exclusive licensing outside Europe but excluding China, Japan and South Korea, and sell more signaling assets, the person said. Commission spokesman Ricardo Cardoso said that the enforcer’s investigation was ongoing double initial cufflinks. Bloomberg first reported the new concessions. To convince EU regulators at this late stage of the process, concessions must fully and unambiguously resolve competition concerns, according to EU merger rules. People familiar with the matter said last week that the EU competition watchdog will block the deal, with a decision likely on Feb. 6 ahead of the Feb. 18 deadline..

NEW YORK (Reuters) – General Electric Co is advising some buyers of its big power turbines to switch out faulty blades sooner than expected and has disclosed that a blade broke in 2015, according to a presentation reviewed by Reuters and people briefed on the matter. The second blade break, which has not been previously reported, involved an earlier turbine model and was similar to a break last September that severely damaged a turbine in Texas and shut it down for two months of repairs double initial cufflinks. The defective blade issue affects GE’s newest turbine technology, which cost billions of dollars to develop, and is among the challenges facing new Chief Executive Larry Culp as he tries to revive the profits and share price of the 127-year-old conglomerate..

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NEW YORK (Reuters) – Hundreds of flights were grounded or delayed at New York-area and Philadelphia airports on Friday as air traffic controllers called in sick hours before President Donald Trump announced an end to the 35-day partial shutdown of the U.S. government fun cufflinks. Trump said on Friday he had reached a deal with U.S. lawmakers for three weeks in stop-gap funding that would end the budget stalemate with Democrats. The Federal Aviation Administration issued a ground stop for flights destined for New York’s LaGuardia Airport on Friday morning before lifting it just over an hour later. Staff shortages also delayed flights at Newark Liberty International Airport and Philadelphia International Airport, according to the FAA..

Delays had impacted about a third of incoming flights to LaGuardia early on Friday, according to the FlightAware tracking service. The White House had been briefed for weeks on aviation issues during the shutdown and Trump had gotten an update on Friday. Administration and congressional officials said they did not think Friday’s flight disruptions was the deciding factor in ending the shutdown. But it was a mounting concern among administration officials. Hundreds of thousands of federal workers have been furloughed or, as with some airport workers, required to work without pay, during the shutdown. Some federal agencies have reported much higher absence rates among workers who were working without paychecks fun cufflinks.

John Hitt, a 51-year-old lawyer based in Boston, had expected to fly to Milwaukee via LaGuardia on Friday morning to visit his terminally ill aunt, but Delta Air Lines (DAL.N) told him his flight was delayed for at least two and a half hours fun cufflinks. “I’ve had to scratch the trip, eat the cost of a rental car cancellation and now I’m starting over to figure out when I could get there,” Hitt said in a telephone interview. “With the uncertainty now created by the shutdown, it’s making me hesitant to fly.”..

Delta said about 200 of its flights were delayed at LaGuardia and other Northeast airports. Paul Rinardi, president of the National Air Traffic Controllers Association, said on Friday the association does not condone employees joining any coordinated activity that compromises safety, but that many controllers have reached “the breaking point.”. Democrats in Congress also said that the system’s safety would be jeopardized by a continuing shutdown fun cufflinks. House Speaker Nancy Pelosi said on Friday that the shutdown was “pushing our airspace to the breaking point.”..

FAA air traffic controllers guide the takeoff and landing of planes carrying around two million passengers daily, a job the FAA describes as having zero margin for error. On Thursday, three major U.S. airlines – American Airlines Group Inc (AAL.O), Southwest Airlines Co (LUV.N) and JetBlue Airways Corp (JBLU.O) – said the impact of the shutdown on their business had so far been limited but was nearing a tipping point. Airlines for America, an industry trade group, praised the deal to reopen the government. “As we have seen over the past 35 days, the pressures and strains of a shutdown are not sustainable fun cufflinks. The disruptions to passengers, commerce and the economy are not tolerable,” the group said in a statement..

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Rival Singapore Airlines Ltd hired wellness brand Canyon Ranch to design healthy meals and guided stretching exercises through its in-flight entertainment system when it resumed near-19 hour flights from Singapore to New York last year after a five-year hiatus. But neither carrier has set aside dedicated cabin space for exercise or lounging on its current ultra-long haul flights custom platinum cufflinks. Qantas International Chief Executive Alison Webster said the airline would examine customer requests for Sydney-London services and design the cabin in a way that made it “both affordable for customers and commercially viable for the airline”..

(Reuters) – China’s envoy to the European Union warned that excluding Chinese tech group Huawei could hamper new 5G mobile networks, the Financial Times on Sunday. Efforts to limit involvement of Chinese technology in upcoming 5G projects in Europe might bring “serious consequences to the global economic and scientific co-operation,” Ambassador Zhang Ming said in an interview with FT custom platinum cufflinks. Some Western governments, led by the United States, have barred the use of the Chinese company’s equipment in new networks over concerns the technology could be used for spying. Huawei has denied the claims, saying network security has always been its priority..

PARIS (Reuters) – France’s finance minister said on Sunday a severance package for former Renault chief Carlos Ghosn, forced to resign in a financial scandal, should not be “exorbitant” and that the French state would follow the matter closely custom platinum cufflinks. Renault, which this week appointed a chairman and chief executive tandem to replace Ghosn, has yet to finalize its former boss’ severance package, a potentially explosive issue in France where the government is facing protests over low pay and inequality..

“No one would understand if the severance pay of Carlos Ghosn were exorbitant,” Bruno Le Maire told France Inter radio. “We are going to be extremely vigilant.” custom platinum cufflinks. The French state is Renault’s largest shareholder, with a stake of around 15 percent, and holds two board seats. Ghosn resigned from his Renault role last week under pressure from the French government following his arrest in Japan in November and indictment there for financial misconduct. He denies any wrongdoing..

The scandal has strained Renault’s alliance with Japan’s Nissan, an industrial partnership Ghosn built into a global carmaking giant over two decades. France’s CGT union has estimated Ghosn’s severance package is worth 25-28 million euros ($28-32 million), in addition to an annual pension of 800,000 euros custom platinum cufflinks. Le Maire declined to say what he thought would be an acceptable pay-off for Ghosn, but said the government had previously succeeded in getting Ghosn’s 2018 pay package reduced by 30 percent from his 2017 total of 7.4 million euros..

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Monday’s data showed industrial firms’ liabilities rose 5.2 percent from a year earlier to 64.1 trillion yuan by end-2018, compared with a 5.8 percent rise as of end-November. Though traders are replenishing inventory ahead of the Lunar New Year holiday in early February, demand remains weak. Aggravating the slowdown, the government has also vowed it will not relent on enforcing anti-pollution controls, refusing to accept mounting economic pressure as excuses victorian cufflinks. That raises uncertainty on the overall boost to the industrial sector from support measures policymakers have pledged so far..

Beijing has promised to increase spending on infrastructure projects this year and boost consumption in areas such as automobile and home appliances. The state-run enterprise China Railway is planning a record-high rail investment worth about 850 billion yuan in 2019, according to a Nikkei report victorian cufflinks. China’s producer prices rose at their slowest pace in more than two years in December. New orders – an indicator of future activity – contracted for the first time in at least a year in December..

HONG KONG (Reuters) – Aluminum giant Rusal said on Monday Jean-Pierre Thomas had resigned as chairman and director of the company as a pre-requisite for a decision by the United States to lift sanctions on the company. Shares in Hong Kong-listed Rusal jumped more than 5 percent in early trading on Monday. Sunday’s move by President Donald Trump’s administration ended sanctions on Rusal and other Russian firms linked to oligarch Oleg Deripaska, an ally of Russian President Vladimir Putin, despite a Democratic-led push in the U.S victorian cufflinks. Congress to maintain the restrictions..

SINGAPORE (Reuters) – Australia’s Qantas Airways Ltd on Monday said customers were requesting in-flight innovations such as exercise bikes and virtual reality relaxation to pass the time on proposed 20-hour non-stop flights from Sydney to London. The airline expects to order Airbus SE A350 or Boeing Co 777X jets capable of flying the world’s longest-ever commercial route later this year, with the first services starting in 2022 victorian cufflinks. Focus group research as well as customer surveys of those who have flown on its 17-hour non-stop route from Perth to London have found health and wellness are the top trends, Qantas said in a statement..

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While the substance of the deal has been reported, how China, Bolivia’s biggest non-institutional lender and close ideological ally, lost out to Germany has not gunmetal cufflinks. China has been quietly cornering the global lithium market, making deals in Asia, Chile, and Argentina as it seeks to lock in access to a strategic resource that could power the next energy revolution. China has invested $4.2 billion in South America in the past two years, surpassing the value of similar deals by Japanese and South Korean companies in the same period. Chinese entities now control nearly half of global lithium production and 60 percent of electric battery production capacity..

German officials told Reuters they championed the bid by ACI Systems GmbH because they saw an opportunity to lower Germany’s reliance on Asian battery makers and help its carmakers catch up with Chinese and U.S. rivals in the race to make electric cars. The German push included a series of visits by German government officials who talked up the benefits of picking a German company. Bolivian officials also toured German battery factories, Bolivia’s deputy minister of High Energy Technologies, Luis Alberto Echazu, told Reuters gunmetal cufflinks.

German Economy Minister Peter Altmaier wrote a letter to Morales, an environmental champion, emphasizing Germany’s commitment to environment protection gunmetal cufflinks. The lobbying effort was capped by a call last April between Altmaier and Morales, Bolivian, German and ACI officials said, without offering details of what was discussed. German diplomats in La Paz also stressed high-level German government backing for the project, potential loan guarantees and the tantalizing prospect of supply agreements with German automakers, ACI and Bolivian officials told Reuters..

ACI’s win means Germany now has a foothold in the final frontier of South America’s so-called Lithium Triangle: the Uyuni salt flat in Bolivia, one of the world’s largest untapped deposits. The triangle comprises lithium deposits in an area that includes parts of Chile, Argentina and Bolivia gunmetal cufflinks. “This partnership secures lithium supplies for us and breaks the Chinese monopoly,” Wolfgang Tiefensee, economy minister of the German state of Thuringia, an automotive manufacturing hub, told Reuters during a visit to the Bolivian capital La Paz in October..

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(In this January 17 story corrects attendance fee paid by Precognize CEO in last paragraph). By Silvia Aloisi. MILAN (Reuters) – An array of crises will keep several world leaders away from the annual World Economic Forum in Davos next week, which takes place against a backdrop of deepening gloom over the global economic and political outlook. Anxieties over trade disputes, fractious international relations, Brexit and a growth slowdown that some fear could tip the world economy into recession are set to dominate the Jan gents cufflinks. 22-25 Alpine meeting..

The WEF’s own Global Risks Report set the tone this week with a stark warning of looming economic headwinds, in part because of geopolitical tensions among major powers. Some 3,000 business, government and civil society figures are due to gather in the snow-blanketed ski resort, but among them are only three leaders of the Group of Seven most industrialized countries: Japanese Prime Minister Shinzo Abe, German Chancellor Angela Merkel and Italian Premier Giuseppe Conte gents cufflinks. Donald Trump, who stole the Davos limelight last year with a rare appearance by a sitting U.S. president, pulled out of this year’s event as he grapples with a partial U.S. government shutdown..

On Thursday, the White House said Trump had also canceled his delegation’s trip to Davos because of the shutdown, now in its 27th day gents cufflinks. Treasury Secretary Steven Mnuchin and Secretary of State Mike Pompeo had been expected to lead the U.S. team, according to two senior administration officials. French President Emmanuel Macron is also skipping the meeting as he seeks to respond to the “yellow vest” protests, while British Prime Minister Theresa May battles to find a consensus on Brexit..

Outside the G7, the leaders of Russia and India are shunning Davos, while China – whose president, Xi Jinping, was the first Chinese leader to attend the elite gathering in 2017 to offer a vigorous defense of free trade – is sending his deputy instead. That will leave the likes of British Finance Minister Philip Hammond, Chinese Vice President Wang Qishan and a host of central bankers with the task of trying to reassure business chiefs gents cufflinks. “Davos will be dominated by a high level of anxiety about stock markets, a slowdown in growth and international politics,” said Nariman Behravesh, chief economist at IHS Markit..

“The leadership presence is lower than last year but those who are going .. will be seeking to impart a sense of confidence and calm business and investors’ nerves.”. Before the U.S. cancellation, a Trump administration official had said the U.S. delegation would also discuss the importance of reforming institutions such as the World Trade Organization, the International Monetary Fund and the World Bank gents cufflinks. Trump has harshly criticized globalization and questioned U.S. participation in multilateral institutions such as the WTO, calling for a revamp of international trade rules..

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LONDON (Reuters) – British trade union Unite said on Monday it was seeking urgent talks with the management of Tesco after a Sunday newspaper report that the supermarket group is planning to cut up to 15,000 jobs. Tesco is Britain’s biggest private sector employer with a staff of over 300,000. Unite said it was recognised at four distribution centres with about 1,000 members who deliver to Tesco stores across the UK. “While the reports centre on job losses in-store, such as at the bakeries and deli counters, we still need to know what this could mean for our members,” said Adrian Jones, Unite national officer for retail distribution tiffany cufflinks replica.

BRATISLAVA (Reuters) – Volkswagen’s business in Slovakia, the country’s biggest car plant and largest private sector employer, plans to reduce staff this year for the first time since the 2009 global downturn as part of an efficiency drive. The business will return some 500 workers it had borrowed from the Hungarian unit of premium brand Audi in 2016, reduce the number of contractors and will not extend expiring fixed-term contracts, it said in a statement on Monday. Volkswagen employs around 14,000 people in Slovakia and the German automaker did not say what that figure would fall to tiffany cufflinks replica.

The Slovak business will also reduce the number of production shifts that make higher-end SUVs as well as cheaper small family cars including the Volkswagen e-up!, the only electric car currently made in Slovakia. There are no plans to place production of new electric vehicles at the Bratislava factory at the moment, it added tiffany cufflinks replica. There are no cuts in overall output projections, as reduced hours will be offset by an increase in the technical capacity of production lines, it said. Volkswagen said the move was part of a drive to increase efficiencies by 30 percent by 2025, as it strives to fund a costly shift to electric and self-driving vehicles following a 2015 scandal over rigged emissions tests of diesel engines..

In 2017, Volkswagen Slovakia saw its first-ever strike that ended after six days with a wage deal that gave workers the biggest pay rise among Slovakia’s carmakers, although they still earn less than Volkswagen’s employees in Germany. Overall production at Slovakia’s four car factories – the bedrock of the export-dependent euro zone member country’s economy – rose to 1.08 million vehicles in 2018 and is expected to reach a 1.15 million this year, cementing its position as the world’s biggest per-capita car producer, the country’s car association said this month tiffany cufflinks replica.

But a focus on traditional petrol and diesel cars and a low share of research and development activities could threaten Slovakia’s business model in coming years, as the EU aims to reduce carbon emissions from vehicles. Slovakia’s smallest carmaker, a unit of Kia, will also reduce staff this year, the first time since launching in the country in 2006. It will cut 27 staff as of February due to a 35-percent slump in demand for diesel engines made at its factory outside Zilina, northern Slovakia, versus 2017, it said on Monday tiffany cufflinks replica.

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The NABE survey also suggested a further slowdown in business spending after moderating sharply in the third quarter of 2018. The survey’s measure of capital spending fell in January to its lowest level since July 2017. Expectations for capital spending for the next three months also weakened cufflinks sale. “Fewer firms increased capital spending compared to the October survey responses, but the cutback appeared to be concentrated more in structures than in information and communication technology investments,” said Swift, who is also chief economist at the American Chemistry Council..

STOCKHOLM (Reuters) – A Volvo Cars joint venture has won approval to begin hands-free testing of its software for self-driving cars on Swedish highways, partner Veoneer said on Monday. Veoneer said the Zenuity joint venture’s software for Level 4 autonomous driving – the second highest level – would be tested in a Volvo car by trained drivers with their hands off the steering wheel at a maximum speed of 80 kilometers per hour (50 miles per hour). The venture is striving to keep up with larger rivals in the race to develop self-driving vehicles cufflinks sale.

U.S. companies are leading the pack, with Google’s Waymo last year winning the first approval to test cars without safety drivers on Californian public roads cufflinks sale. General Motors’ Cruise has said it is ready to deploy a self-driving car with no manual controls, while Germany’s BMW and Audi have also secured testing rights. Securing permissions has got tougher after an accident involving a Volvo car that Uber was using to test its own self-driving software. Uber last month resumed limited testing on public roads..

Zenuity has been running tests in Sweden to collect data to develop autonomous functionalities and sensors, while Volvo has been carrying out separate tests to gather data to improve driver experience and study driver behavior. Veoneer Chief Technology Officer Nishant Batra said the approval to do real-life tests was “essential for gathering important data and test functions” cufflinks sale. “It is a strong proof-point for the progress of Zenuity’s self-driving capabilities,” he said..

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Individual investable assets as per top markets png – tmsnrt.rs/2SafPar. Chinese citizens collectively held investable financial assets of around 133 trillion yuan at end-2017 and the pool would rise to 175 trillion yuan by 2020, consultancy PwC said in a report in October. Regulatory measures to boost scrutiny and transparency in the wealth management business augur well for foreign players already used to close regulatory scrutiny, it said groomsmen cufflinks. Apart from cracking down on the sale of shadow banking-linked wealth products, China is also getting local banks to set up separate subsidiaries for their wealth management business for better oversight..

Lam said that those regulatory initiatives would “educate investors about risk and suitability – and that’s good for us”. China is one of Citi’s 10 markets in Asia that generate over $500 million in revenue annually. Besides wealth management, the bank’s onshore China businesses include retail, corporate and commercial banking groomsmen cufflinks. Under new rules announced by Beijing in late 2017, foreign firms can now own 51 percent of an onshore Chinese securities joint venture, which provides debt and equity underwriting and financial advisory services..

WASHINGTON (Reuters) – The U.S. Commerce Department’s Bureau of Economic Analysis (BEA) said on Monday it was delaying the release of advance fourth-quarter gross domestic product and December personal income reports scheduled for this week because of the just-ended five-week partial shutdown of the federal government. The BEA said the publication of December’s trade report, which had been scheduled for next Tuesday, had also be postponed groomsmen cufflinks. It said no new release dates had been set for the reports..

WASHINGTON (Reuters) – The government report on U.S groomsmen cufflinks. gross domestic product, a major measure of the country’s economic health, will be released next week, White House economic adviser Larry Kudlow told reporters on Monday, as federal agencies work to return to normal after a partial shutdown that put them on pause for more than a month. “I still think the economy is very strong,” Kudlow said at a White House briefing. “The Commerce Department is reopening. We’re going to get a GDP report probably next week. We’re going to get a jobs report this Friday.”..

NEW YORK (Reuters) – Oil fell about 3 percent on Monday, its biggest one-day percentage drop in a month, after an increase in U.S. crude drilling pointed to further supply growth amid continuing concerns about a global economic slowdown. Brent crude oil futures sank $1.71, or 2.8 percent, to settle at $59.93 a barrel, while U.S groomsmen cufflinks. West Texas Intermediate crude slumped $1.70, or 3.2 percent, to settle at $51.99 a barrel. The last time both crude benchmarks saw bigger daily percentage drops was on Dec. 27..