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August, 29, 2016

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Business
Boss of Russia's Lada eyes profits despite struggling auto industry
Four months after taking the helm of struggling Russian automobile giant Avtovaz, Renault executive Nicolas Maure has set his sights on returning the Lada maker to profit by 2018.
 
Japan passenger jet aborts two test flights to US in two days
Japan's new passenger jet on Sunday aborted a test flight to the United States for the second time in two days because of an air conditioning defect, its maker said.
 > Japan
 
Taiwan Semiconductor Manufacturing Co. (TSMC, 台積電), the world's largest contract chip-maker, is expected to take a 58 percent share of the global pure-play wafer foundry operating market in 2016, and retain the world's No. 1 title, according to market information advisory firm IC Insights.
 
U.S. online retail titan Amazon, which has been accused of fostering a cutthroat workplace atmosphere, will try out teams that log 30-hour workweeks, the Washington Post reported on Friday.
 
Stocking up in protest
French farmers of Federation of Farmer Unions (FDSEA) fill a grocery cart with dairy of the Lactel brand in a supermarket in Louvroil, northern France, to protest the price of the milk.
 
South Africa's wealthy Gupta family with influential ties to President Jacob Zuma said Saturday they plan to sell all their business interests in the country by the end of the year.
 
Trump win could cause global recession: Citi
If New York developer Donald Trump wins the White House in November, the global economy could slip into recession, according to a forecast from Citigroup Thursday.
 
Volkswagen's employee council chief is suggesting that the automaker consider taking stakes in suppliers after a dispute disrupted production in Germany.
 
Messy Brazil, foreign fortune-seekers' haven
Brazil is a mess, economists say, with the looming presidential impeachment vote fanning tensions in a country stricken by recession, corruption and inequality. So why are foreign businesses so excited?
 
Brewer AB Inbev expects thousands of job cuts in merger deal
The world's largest brewer, AB Inbev, says it expects to cut about 3 percent of its total workforce -- equivalent to thousands of jobs -- once it completes its huge merger with its closest rival, SABMiller.
 
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