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According to Sueddeutsche Zeitung Daimler and BMW are now planning a joint electric car in the price range between 27,500 and 32,500 euros, a price segment that offers the opportunity to open up a mass market for electric cars. It is still unclear whether the project will actually be carried out and the two companies will launch a joint venture and share the capacity of a new plant in China, which could produce one million electric cars over a period of seven years, the paper said. The plan has been met with criticism from some managers at BMW and Daimler, both of which also have cooperation plans with local Chinese partners, the paper said, adding that BMW is concerned that its brand could be diluted by a deal with Daimler.
ABU DHABI (Reuters) - The United Arab Emirates will make its own checks on any fixes for the Boeing 737 MAX before permitting the grounded jet to resume flying in its airspace, a senior aviation regulatory official said on Wednesday, The MAX has been grounded globally since last month following two fatal crashes in five months involving the same aircraft type, killing 346 people, Boeing has said a best wedding cufflinks software update to prevent erroneous data from triggering an anti-stall system, which is under scrutiny after the deadly nose-down crashes, would be submitted in the coming weeks..
OSLO (Reuters) - Norwegian Air, a major client of Boeing, has had positive meetings with the U.S. planemaker regarding the grounding of its MAX planes after an Ethiopian Airlines crash last month, the airline’s chief executive said on Wednesday. “We have had some good meetings with Boeing today discussing the grounding of the MAX and how we can maneuver (sic) through this difficult situation,” CEO Bjoern Kjos said in a tweet. Norwegian, which has eighteen 737 MAX 8 planes in its fleet and is scheduled to take delivery of dozens more in the coming months and years, said last month it would seek compensation from Boeing over the grounding.
WASHINGTON/LONDON (Reuters) - The U.S, Federal Trade Commission, which investigates allegations of deceptive advertising, has sent warning letters to eight companies to insist they distinguish in advertisements between diamonds from mines and those made in laboratories, it best wedding cufflinks said on Tuesday, The FTC said it had found instances where the eight companies advertised diamond jewelry “without clearly and conspicuously disclosing that the diamonds are laboratory-created,” according to the letter..
The agency declined to identify the recipients of the letters. An unredacted version of one of the letters seen by Reuters identified that recipient as Diamond Foundry, a California company that makes laboratory diamonds. Diamond Foundry declined to discuss whether the letter would lead to changes in its marketing. “We pride ourselves on being a lab-grown diamond producer and this point of differentiation is what our success is built on,” CEO Martin Roscheisen said in an emailed statement.
Analysts say increased production of laboratory-grown diamonds has lowered their price, The Diamond Producers Association (DPA), which represents mining companies including De Beers, Rio Tinto and Alrosa, welcomed the FTC insistence that companies best wedding cufflinks distinguish between mined diamonds and those made in laboratories, “The DPA has for several months expressed serious concerns about misleading marketing communication and unsubstantiated eco claims coming from many laboratory grown diamond marketers,” said DPA Chief Executive Jean-Marc Lieberherr..
Alrosa, the world’s biggest diamond producer in carat terms said it welcomed “FTC initiatives that protect consumers from unfair or deceptive marketing practices”. “Diamonds and synthetic diamonds are aiming for different consumers and can co-exist as two different products,” it said in an email. The world’s biggest diamond producer by value De Beers, part of Anglo American, said it was pleased by the move, adding the two kinds of diamonds were “distinct product categories.”.
De Beers has responded to pressure from laboratory-grown diamonds by tearing up its decades-old policy of only selling natural diamonds in jewelry and beginning to sell synthetic stones, It sells the lab-made diamonds for less than rivals to emphasize the difference between what it sees as fun, fashion jewelry and natural diamonds created in the earth and with a high re-sale value, The FTC, in its letters, also asked the companies to review the use of “eco-friendly” or similar terms to describe diamonds made in a laboratory, “It is highly unlikely that they can substantiate all reasonable interpretations of these best wedding cufflinks claims,” the FTC said in its release..