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Foxconn to continue to pursue Toshiba chip unit acquisition: Sharp CEO


Taiwan's Foxconn will continue to pursue an acquisition of Toshiba Corp's chip business, a day after the troubled conglomerate chose a rival suitor as the preferred bidder, the head of Foxconn's Japanese unit said.

Boeing lifts 20-year industry demand forecast to $6 trillion


Boeing revised up its rolling 20-year industry forecast for passenger and freight planes by 4 percent on Tuesday, though signs at the world's biggest air show suggest a cooling of demand at the moment after years of red-hot growth.

Britain's biggest carmaker JLR to hire 5,000 staff in Brexit boost


Britain's biggest carmaker Jaguar Land Rover (JLR) will hire 5,000 more staff as it boosts its skills in autonomous and electric technology, a welcome business endorsement as Prime Minister Theresa May starts Brexit talks after a botched election.

Uber CEO to take leave, have diminished role after scandals


Uber Technologies Inc. Chief Executive Officer Travis Kalanick told staff he plans to take a leave of absence, without disclosing a return date. The company will be run by a management committee as it tries to navigate a wave of scandals.

German ministry orders probe of Porsche emissions


The German Transport Ministry has ordered the KBA watchdog agency to examine the emissions of sports car maker Porsche (PSHG_p.DE), a unit of Volkswagen (VOWG_p.DE), a ministry spokesman said on Monday following a critical media report.

Airbus may look beyond UK unless Brexit demands met


Airbus could move production of new aircraft models out of Britain if the European plane-maker's "non-negotiable" demands over the free movement of people and trade tariffs are not delivered in upcoming Brexit talks, the Sunday Times reported.

Chinese films seek elusive overseas success


The comedy Lost in Thailand became China's highest-grossing domestic film in 2012, with box office revenue of 1.26 billion yuan ($185 million), but when the movie hit the big screens in North America the next year, it flopped, making a mere $60,000.

Japan’s factory output growth hits six-year high


Japan's factory output rebounded in April at the fastest pace in almost six years. The increase is adding to growing signs of improvement in Japan's economy.

California almond exporters eye rich growth potential in China market


The growing spending power of China's middle class and its increasing interest in healthy food are creating good conditions for exports of Californian almonds, said Richard Waycott, chief executive officer of the Almond Board of California.

Ford set to cut workers in North America, Asia


Ford Motor Co. will cut 1,400 salaried workers in its North America and Asia Pacific operations by the end of September.