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(MENAFN - AFP) A US grand jury indicted Thursday an executive of Takata, the Japanese auto parts company accused of producing faulty airbags, with price-fixing in the auto seatbelts market.

A federal grand jury in the automotive hub Detroit accused Hiromu Usuda with one count of conspiring to fix the prices of seatbelts the company sold to Japanese automakers in the United ...

(MENAFN - AFP) From the robot that washes your clothes to the robot that marks homework: the future world of artificial intelligence wowed the Davos elite Thursday, but the rosy picture came with a warning.

Stuart Russell, a professor of computer science at the University of California Berkeley, painted a futuristic vision for those who hate the chore of washing.

"We ...

(MENAFN - AFP) Oil prices fell Thursday after official data revealed a larger-than-expected increase in stockpiles of US commercial crude, while the market was hit also by a stronger dollar, analysts said.

US benchmark West Texas Intermediate (WTI) for delivery in March slid one dollar to $46.78 a barrel.

Brent North Sea crude for March edged down eight cents to stand ...

(MENAFN - AFP) It was supposed to be a serious debate about the merits of monetary stimulus, but instead a panel in Davos on Thursday featuring IMF chief Christine Lagarde, quickly degenerated into a skirmish over the European economy.

"There is a general expectation to compare the US economy and the euro area and I don't think that's a reality," Lagarde said after an onslaught ...

(MENAFN - AFP) European stocks rallied Thursday on the ECB's announcement it will inject over 1.0 trillion euros of stimulus into the stagnant eurozone economy, while the euro sank against the dollar.

The pledge by European Central Bank chief Mario Draghi to buy 60 billion euros ($69 billion) of bonds per month exceeded market expectations that the monthly pace of the quantitative ...

(MENAFN - AFP) German Chancellor Angela Merkel told the Davos forum Thursday that any action by the European Central Bank to boost the eurozone's struggling economy should not ease the pressure on governments to enact reforms.

Merkel, who addressed the World Economic Forum of business and political elites minutes before the ECB unveiled its 60-billion-euro ($70-billion) bond ...

(MENAFN - AFP) The European Central Bank began 2015 with a bang, unveiling plans Thursday for a massive trillion-euro bond purchase programme to ward off deflation and end stagnation in the eurozone economy.

After holding key interest rates at their current all-time lows once again at its first policy meeting of the year, the ECB launched a scheme to buy 60 billion euros ...

(MENAFN - AFP) Spain's unemployment rate fell for the second straight year in 2014, official data showed Thursday, but at 23.7 percent the country's labour market still faces a long road to recovery.

Joblessness fell from 25.7 percent in 2013 as the large services sector took on more staff, driven by a strong tourist season and a rebound in construction activity, the national ...

(MENAFN - AFP) Climate change and the danger of nuclear war pose an ever-growing threat to civilization and are bringing the world closer to doomsday, a group of prominent scientists and Nobel laureates said Thursday.

"It is now three minutes to midnight," said Kennette Benedict, executive director of the Bulletin of the Atomic Scientists, as the group moved its symbolic ...

(MENAFN - AFP) The International Monetary Fund on Thursday downplayed the possibility that Greece would exit the eurozone after Sunday's general election that could be won by the anti-austerity leftist Syriza party.

"We do not see Grexit as a possible outcome," IMF spokesman Bill Murray said at a regularly scheduled press briefing.

The IMF has been a partner with the ...

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