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India softens foreign investment regulations, woos Apple

2016-06-21 08:57:00| Telecompaper Headlines

(Telecompaper) India has released new foreign investment rules for retailers. The new regulations pave the way for Apple to resubmit its application and open its first retail stores in India, Reuters reports. The US-based giant currently sells its iPhone, iMac and iPad devices through resellers in India. The new rules exempt foreign retailers for three years from a requirement to source 30 percent of the goods sold in company-owned stores locally. Apple can now also seek an additional 5-year exemption if the government decides that its products meet the 'cutting edge' criteria.

Tags: india foreign investment apple

 

Samsung warns on 2016 profit as smartphone demand softens

2016-01-28 01:00:00| Total Telecom industry news

South Korean vendor sees challenging conditions ahead in IT industry; outperforms Apple in Q4 smartphone shipments.

Tags: samsung demand profit smartphone

 
 

German ministry softens CO2 emission demands for power plants

2015-05-19 16:00:00| Climate Ark Climate Change & Global Warming Newsfeed

Reuters: Germany plans to force coal-fired power plant operators to reduce their CO2 emissions by 2020 by less than previously planned, according to an economy ministry document seen by Reuters on Monday, bowing to opposition from within the industry. Thousands of coal workers marched in Berlin last month to protest against plans to slap a levy on the oldest and most polluting power plants, which unions say could put 100,000 jobs at risk. The levy is aimed at forcing coal operators to slash their emissions...

Tags: power german plants ministry

 

Ireland's Labour Party softens opposition to Aer Lingus sale

2015-03-01 19:30:36| Airlines - Topix.net

A senior member of Ireland's junior coalition party on Saturday said opposition to the sale of the state's 25 percent stake in Aer Lingus had softened in recent weeks and the party was likely to ultimately agree to the deal. Aer Lingus' board last month recommended that Ireland back a 1.36 billion euro bid for the airline from British Airways' owner International Consolidated Airlines Group , but the deal has stalled due to political opposition spearheaded by the centre-left Labour Party.

Tags: sale party opposition labour

 

Kontos: Increasing Supply from Diverse Channels Softens Used Car Prices

2014-08-20 21:12:23| AutomotiveDigest.com - Automotive Industry News

Tom Kontos Executive VP & Chief Economist ADESA Analytical Services Wholesale prices continued softening in July; that came from retail used vehicle sales coming down year-over-year (though up month-over-month). Dealers also saw more trade-ins from strong new vehicle sales. As expected, supply is continuing to increase as more off-lease and off-rental units entered market though […] The Article Kontos: Increasing Supply from Diverse Channels Softens Used Car Prices appeared first on Automotive Digest.

Tags: car prices supply increasing

 

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