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AUTO SALES: Why Beijing will avoid moves to boost slowing economy, weakening car market

  • Date: 24-10-19
  • Category: AUTO SALES
  • Source: Auto News

Due in large part to U.S. President Donald Trump’s tariffs, China’s economic growth slowed to 6.0 percent in the third quarter, a record low in 27 years. Its new-car market has contracted for 15 straight months.

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AUTO SALES: India scrappage plan unlikely to result as desired - analyst

  • Date: 24-10-19
  • Category: AUTO SALES
  • Source: Just Auto

India's vehicle scrappage plan is unlikely to produce desired results, according to analysts at GlobalData, parent company of just-auto.

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JEWELLERY: Bulgari CEO Sees China Jewelry Sales Rising Amid Slowing Economy

  • Date: 24-10-19
  • Category: JEWELLERY
  • Source: Bloomberg

Bulgari SpA plans to add stores in China, saying jewelry sales there could potentially double over the next five years as it dodges a broader slowdown in the world’s second largest economy.

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ELECTRIC VEHICLES: Japanese automakers take niche minicar approach in EV push

TOKYO -- As global automakers race to put long-range electric vehicles on highways amid stricter emission laws, Japanese companies are taking a niche approach and steering towards cheaper, tiny runabouts to make costly battery technology more accessible.

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EMISSIONS: European OEMs face potential CO2 penalties totalling EUR24bn - report

  • Date: 23-10-19
  • Category: EMISSIONS
  • Source: Just Auto

The current backlash against diesel, also known as 'de-dieselisation', has resulted in consumers regarding Euro 6 engines, that meet all the latest emission requirements, being considered as bad for air quality as a Euro II diesel. Additionally, some cities have introduced legislation to place restrictions on the use of diesel vehicles, while others are planning outright bans for diesel vehicles in the future, according to GlobalData, a leading data and analytics company.

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SOUTH AFRICA: Eskom: We paid Deloitte R60-million for three weeks of work in two corrupt contracts

  • Date: 23-10-19
  • Category: SOUTH AFRICA
  • Source: Daily Maverick

Eskom implies in court papers that its own employees may have stolen McKinsey’s ideas and offered them to Deloitte, which then charged Eskom inflated fees for their implementation. Of course, this is not to say McKinsey might be a victim of corruption. Quite the contrary. It might just be a case of there being no honour among thieves — the scammers being scammed.

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ESKOM: Eskom a step closer to receiving R59bn bailout, Mboweni says issue beyond money

  • Date: 23-10-19
  • Category: ESKOM
  • Source: Eye Witness News

Finance Minister Tito Mboweni said the correct people needed to be appointed to Eskom’s board and management, and that the government must then be in a position to hold them accountable for Eskom’s operations.

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ESKOM: Eskom bid to “double electricity tariffs” faces legal challenge

  • Date: 23-10-19
  • Category: ESKOM
  • Source: The South African

Energy expert Ted Blom is leading the fight against Eskom's bid to jack-up our electricity prices, suggesting that the utility want to double their tariffs.

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