The US President said he would only tweak the deal
The future of the North American Free Trade Agreement (NAFTA) is not endangered, as it seemed during the presidential campaign of Donald Trump. Meeting last Monday in the White House with Canadian PM Justin Trudeau, the US President told him he wants relatively minor changes to the NAFTA, noting that most of the problems involve the deal's third partner Mexico.
First Bitcoin bank opens in Vienna, Japan and Iran encourage transactions
Austria’s capital Vienna has its first Bitcoin bank, located on the popular Mariahilfer Strasse shopping street, the Austrian media reported last week. The bank exchanges Bitcoin for euro, and vice versa.
 
The company aims to have its fully autonomous autos on the road by 2021
Ford is betting on the world's self-driving car future through a major investment of about $1bn in a small start-up company specialised in robotics, news wires reported.
 
Mexico threatens US corn war
Mexico is one of the top buyers of American corn in the world today. And Mexican senator Armando Rios Piter, who leads a congressional committee on foreign relations, says he will introduce a bill soon where Mexico will buy corn from Brazil and Argentina instead of the United States.
Dubai to carry passengers with drones
A drone that can carry people will begin regular operations in Dubai from July, the head of the city's Roads and Transportation Agency announced.
Swiss voters oppose corporate tax reforms
Swiss voters soundly rejected plans to overhaul the corporate tax system, forcing now the government to seek an alternative as it tries to abolish ultra-low tax rates for thousands of multinational companies without triggering a mass exodus.
Siemens to invest €189m in Mexico
Germany’s industrial conglomerate Siemens will invest €189m in Mexico over the next ten years and will create about 1,000 jobs, CEO Joe Kaeser announced last Tuesday following talks with Mexico's Economics Minister Ildefonso Guarjardo, news wires reported.
Toshiba chairman resigns amid nuclear power losses
Toshiba would take a financial hit of more than $6bn and its chairman would step down as the impact of its disastrous bet on American nuclear power continued to rock the company, news wires reported.
In Brief
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China completes $1.15 trillion investment in major projects
 
China completed 7.92 trillion yuan ($1.15 trillion) worth of investment in major projects by end of 2016, the National Development and Reform Commission (NDRC) said last Wednesday. About 30%of the total investment, or 2.39 trillion yuan, went into major infrastructure projects in the information, power grid and oil and gas sectors, and about 22% - into major projects in transportation, including the construction of railways, highways and airports. The nation's investment in clean energy makes up about 15%. Another 679.9 billion yuan have been spent in targeting pollution.

Russian company to launch cheap space tourism service
 
Russian CosmoCourse company will start offering from 2019 tourist space travel with cheaper tickets than other services. According to CEO Pavel Pushkin, the reusable suborbital spacecraft is expected to be launched from either Russian Kapustin Yar launchpad or from Baikonur in Kazakhstan. After three days of training, space tourists will be offered a 15-minute flight to an altitude of 180-220 km. Each tourist will experience the state of weightlessness for five to six minutes at the cost of up to $250,000.

PepsiCo beats profit forecast on demand for healthy drinks
 
PepsiCo reported a better-than-expected quarterly profit, as the company benefited from its cost-cutting programmes and higher demand for its healthier beverages and snacks in North America. The company said it now gets about 45% of its net revenue from “guilt-free” products, beverages that have fewer than 70 calories per 12 ounces and snacks that have lower amounts of salt and saturated fat. PepsiCo and other processed-food companies are investing heavily to develop products to meet the changing tastes of consumers, who are increasingly seeking healthier options.

Merger talks of GM’s Opel and French PSA under way
 
GM and PSA Group are in advanced negotiations to combine the French carmaker with GM's Opel business, a PSA spokesman confirmed last week. According to Reuters, a deal may be announced within days. Spokespeople for Opel and the French government, which holds 14% of PSA, had no immediate comment. GM and PSA, the maker of Peugeot, Citroen and DS cars, already share production of SUVs and minivans, a relic of a previous attempt to forge a broader alliance that was unwound in 2013 with the sale of GM's stake in the French carmaker.

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