News Headlines - 13 April 2019

Suzuki Motor to recall 2 million cars due to false brake checks:The Asahi Shimbun

Suzuki Motor Corp. announced April 12 it would recall about 2 million vehicles manufactured in domestic plants since April 2016 after admitting to more falsifications than it had previously acknowledged that involve key safety features, including brakes.
The recall is projected to cost the company about 80 billion yen ($714 million).
An investigative report by a team of outside lawyers released the same day referred to egregious handling of safety inspections by those in charge at the three plants in Japan.

Toshiba shares slump after sale of U.S. LNG business canceled - Reuters

Toshiba Corp shares fell by the most in two months on Friday after an agreement to offload its U.S. liquefied natural gas (LNG) business collapsed, a blow for the Japanese company which has been shedding assets to turn around its business.
Toshiba said late on Thursday that China’s ENN Ecological Holdings Co had scrapped an agreement to take over the LNG business due to a failure to get approvals from shareholders and a U.S. panel that monitors foreign investments.

TPK joins investment in Japan Display - Taipei Times

TPK Holding Co, a touch sensor supplier for Apple Inc’s iPads, yesterday said it has joined a consortium that is to invest ¥60 billion (US$535.9 million) for a 50 percent stake in ailing Japan Display Inc (JDI), as it seeks to secure its display supply and broaden its customer base.
The announcement ended three months of speculation about TPK’s involvement in talks to help the financially troubled Japanese display supplier... Changing its tune, TPK yesterday said it has signed a letter of intent to invest US$230 million in a consortium, Suwa Investment Holdings LLC, that would acquire a 49.82 percent stake in Japan Display.

North Korea's Kim Jong Un open to third summit with Trump -- but only if U.S. changes stance - The Washington Post

North Korean leader Kim Jong Un said he would be prepared to meet President Trump for a third summit, but only if the United States fundamentally changes its approach. He also warned that his patience is running out.
In a speech to the Supreme People’s Assembly in Pyongyang, Kim offered no hints of new concessions or ideas from his regime after the failure of February’s summit, putting the blame squarely on the United States and throwing the ball into Washington’s court.

India election 2019: marathon vote begins to decide Modi's fate | The Guardian

The world’s largest ever election has started in India, with voters in 20 states casting their ballots in the first phase of a marathon six-week poll.
The contest in the vast country of 1.3 billion people is dominated by local issues but also viewed as a referendum on the prime minister, Narendra Modi, a staunch Hindu nationalist who rode a wave of popularity five years ago to become the first leader of a majority government in decades.
Polls are now open in 91 seats, about a sixth of the total in the Indian parliament’s lower house, with six more voting days to be held before the results are announced on 23 May.







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