industry

Japan nearly doubles Fukushima disaster-related cost to $188 billion

Japan's Ministry of Economy, Trade and Industry (METI) said on Friday it has nearly doubled its projections for costs related to the Fukushima nuclear disaster, including decommissioning and compensation, to 21.5 trillion yen ($188.40 billion). Subsequent explosions released massive amounts of radiation, forcing the evacuation of 160,000 people from areas around the plant.

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Japan nearly doubles Fukushima disaster-related cost to $188 billion

industry

U.S. weakens retirement advice rule, responding to industry

By Suzanne Barlyn and Lisa Lambert WASHINGTON (Reuters) – A new U.S. rule aimed at protecting retirement savers from profit-hungry brokers turned out to be much weaker than an initial proposal after the Obama administration bowed to pressure from the financial services…

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U.S. weakens retirement advice rule, responding to industry

industry

China’s Anbang abandons $14 billion bid to buy Starwood Hotels

China's Anbang Insurance Group Co said on Thursday it has abandoned its $14 billion bid for Starwood Hotels & Resorts Worldwide Inc , paving the way for Marriott International Inc to buy the Sheraton and Westin hotels operator. The surprise withdrawal marks an anticlimactic end to a bidding war that had pitted Marriott's ambitions to create the world's largest lodging company, with about 5,700 hotels, against Anbang's drive to create a vast portfolio of U.S. real estate assets. It also represents a blow…

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China’s Anbang abandons $14 billion bid to buy Starwood Hotels

industry

Hillary Clinton to propose $10 billion manufacturing investment

By Alana Wise WASHINGTON (Reuters) – Democratic presidential candidate Hillary Clinton on Friday will propose a $10 billion investment in partnerships to encourage the growth of the U.S. manufacturing sector as part of a national push to discourage outsourcing in the industry. Clinton is slated to roll out the proposal on Friday in Syracuse, New York, ahead of the state's nominating contest on April 19. New York has long been a

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Hillary Clinton to propose $10 billion manufacturing investment

industry

Airbus to sell three A380 superjumbo jets to Japan’s ANA Holdings: Nikkei

European planemaker Airbus has won a deal to sell three A380 superjumbo jets to Japan's biggest carrier ANA Holdings Inc in a deal valued at about 150 billion yen ($1.25 billion), the Nikkei reported. Orders for Airbus A380s have dried up in recent years reflecting a fundamental shift in…

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Airbus to sell three A380 superjumbo jets to Japan’s ANA Holdings: Nikkei

industry

Indian IT & ITES exports register impressive growth in 2014-15

After growing to $82 billion in 2014-15, the industry is poised to reach around $350 billion by 2020.

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Indian IT & ITES exports register impressive growth in 2014-15