Tesla secures Shanghai site for $2 billion China Gigafactory

BEIJING (Reuters) – Tesla Inc has signed an agreement with the Shanghai government for an 860,000 square meter plot of land to build its first overseas Gigafactory, the electric carmaker said in a Chinese social media post on Wednesday. The land agreement marks a key step toward the firm and its Chief Executive Elon Musk making cars locally in China ...

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As tensions mount, Mattis seeks more resilient U.S. ties with China’s military

SINGAPORE (Reuters) – U.S. Defense Secretary Jim Mattis told his Chinese counterpart on Thursday that the world’s two largest economies needed to deepen high-level ties so as to navigate tension and rein in the risk of inadvertent conflict. FILE PHOTO: Secretary of Defense Jim Mattis speaks with the media before an enhanced honor cordon arrival of Greek Minister of Defense ...

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Food sales drop as barbecue summer ends

Image copyright Getty Images Food sales saw their steepest drop in three years in September as consumers tightened their belts after the unusually hot summer, the Office for National Statistics (ONS) has said. Sales of food were down 1.5% in the month, contributing to a 0.8% fall in total UK retail sales. The ONS said sales continued to grow in ...

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‘Enough excuses!’ France’s Le Maire grows impatient over GAFA tax

PARIS (Reuters) – Europe has talked long enough about whether to make internet giants like Google (GOOGL.O), Apple (AAPL.O) and Facebook (FB.O) pay more taxes and it is time for a decision, French Finance Minister Bruno Le Maire said on Thursday. French Finance Minister Bruno Le Maire arrives to attend the weekly cabinet meeting at the Elysee Palace in Paris, ...

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Norway police appeals against order to release Russian spy suspect

OSLO (Reuters) – A Norwegian court said on Thursday a Russian who is suspected of spying should be released from detention but police filed an appeal against the ruling, his lawyer told Reuters. Mikhail Bochkaryov was detained on Sept. 21 at Oslo airport before a flight out of the country. He will remain in detention awaiting a decision from the ...

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‘Facebook baby ads taunted me after stillborn’

Facebook has apologised to a mum whose baby was stillborn after she continued to receive parent-related adverts despite triggering the settings to hide them. Anna England-Kerr wrote an open letter to the social media giant – asking them to stop bombarding her. “Your ads were unintentionally taunting me with reminders of what I’d lost,” it read. Facebook said it was ...

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Indonesia raids home of Lippo Group deputy chairman in bribery probe

JAKARTA (Reuters) – Indonesia’s anti-graft agency said on Thursday it had raided 10 locations, including the home of Lippo Group Deputy Chairman James Riady, as part of a bribery investigation linked to the conglomerate’s $21 billion Meikarta real estate project. A worker speaks on a phone in the Meikarta real estate development in Cikarang, Bekasi, east of Jakarta, Indonesia, October ...

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CEO of French group Thales pulls out of Saudi investment conference

PARIS (Reuters) – Patrice Caine, the chairman and chief executive of French defense electronics group Thales (TCFP.PA), has decided not to attend a Saudi investment conference next week, amid global concerns over the fate of a missing Saudi journalist. Patrice Caine, Chairman and Chief Executive Officer of Aerospace and defence group Thales, attends a news conference with Gemalto in Paris, ...

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