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(MENAFN - AFP) Embattled Japanese auto parts maker Takata has published an open letter in major US and German media, vowing to step up its safety record after an airbag crisis hammered the company's reputation.

Chairman Shigehisa Takada said his family company understood public concerns and was "saddened" by the deaths of at least five motorists in the US and Malaysia who ...

 
(MENAFN - AFP) Steve Wozniak says he is no fan of smartwatches and believes Google Glass will fail as he cautioned not to expect the company he co-founded, Apple, to always lead the way into new technologies.

The American, who quit Apple in 1987 -- 12 years after creating the technology giant with the late Steve Jobs -- made the comments as he took up Australian residency, ...

 
(MENAFN - AFP) The United States and China wrapped up high-level trade talks in Chicago, with US officials hailing progress in a range of areas including medicines, intellectual property rights and agriculture.

Secretary of Commerce Penny Pritzker said the two sides had "very productive" talks in the annual high-level forum aimed at addressing bilateral trade and investment ...

 
(MENAFN - AFP) China's gross domestic product (GDP) turned out to be 3.4 percent larger last year than originally announced, the government said on Friday after a national survey -- a revision equal to about the size of Malaysia's economy.

The world's second biggest economy was valued at 58.80 trillion yuan ($9.5 trillion currently) in 2013, the National Bureau of statistics ...

 
(MENAFN - AFP) The Bank of Japan on Friday struck a more upbeat view of the world's number three economy, saying exports were showing signs of picking up while factory output has started to "bottom out".

The comments came as policymakers wrapped up a two-day meeting where they held off fresh easing measures, after announcing in late October a huge expansion of the BoJ's asset-buying ...

 
(MENAFN - AFP) Global defence spending is likely to remain constant for the next two years as tumbling oil prices cut the budgets of Middle East exporters, but swell the coffers of Asia-Pacific importers, defence analysts IHS said Friday.

With Brent crude recently falling below the symbolic $60 dollar (48.8 euros) mark -- a 50 percent drop since mid-June -- the defence budgets ...

 
(MENAFN - AFP) Asian markets rallied for a second straight session Friday, boosted by another strong performance on Wall Street while renewed confidence helped push the dollar back towards the 100 yen mark.

Tokyo jumped 2.39 percent, or 411.35 points, to 17,621.40 thanks to the weaker yen, while Sydney climbed 2.45 percent, or 127.8 points, to close at 5,338.6 and Seoul advanced ...

 
(MENAFN - AFP) EU leaders agreed at a summit Thursday to push for the signing of a huge but controversial free trade deal with the United States by the end of 2015.

Talks on the TTIP (Transatlantic Trade and Investment Pact), which would be the world's biggest trade deal, began 18 months ago and are still under way, with the next round due in February.

"The EU and the ...

 
(MENAFN - AFP) Workers in Chinese factories making Apple products are poorly treated, with exhausted employees falling asleep on their 12-hour shifts, British broadcaster the BBC found in an investigation broadcast.

Reporters who took jobs undercover at the Pegatron factories found workers regularly exceeded 60 hours a week -- more than the company's guidance -- and that ...

 
(MENAFN - AFP) The European Union must thrash out a strategy for Russia that lasts for many years, and looks past sanctions that have hammered Moscow's economy, the bloc's new leader Donald Tusk warned Thursday.

Leaders at a summit in Brussels also called for the urgent launch of a huge 315-billion-euro ($380-billion) investment plan aimed at kick-starting Europe's economy, ...

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