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    6th Ghana CEO Summit to focus on digital leadership for the digital economy

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    Ghana’s 2022 economic outlook to remain positive; GDP projected to grow by 5.3% – AfDB report

    African governments tasked to look within the continent in their bid for transformation

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    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

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    6th Ghana CEO Summit to focus on digital leadership for the digital economy

    Ghana Life Insurance Ltd accused of employing delay tactics in payment of claims

    BoG urged African DFIs to enhance credit rating positions to boost investment

    Stringent measures needed to deal with illicit financial transactions in Africa – Akufo-Addo

    Gold exports push Ghana’s trade surplus to $1.3 billion in April

    Value of MoMo transactions decrease by 3% between March and April 2022

    Inflation rate likely to drop to single digits in 2023 – Dr. Ernest Addison

    Monetary Policy Rate increased again by 200 basis points; now at 19%

    Government partners private companies to mine abandoned iron ore in Oti Region

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    Government to invest heavily in internet safety – Ursula pledges

    Ho Node Hub rebrands as Node Eight

    Elon Musk strikes deal to buy Twitter for $44bn

    Block chain’s success will depend on supportive policy environment – Prof. Quaynor

    1.5% E-Levy rate will negatively impact GH¢6.9 billion target – Prof. Quartey

    Transactions to be affected by E-levy

    Bethniel Finance emerges winner in Innovation Challenge Program

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    We’ll avert any looming food crisis with effective planning – AfDB Boss

    Standard of cars assembled in Ghana will not be compromised – GSA assures

    GUTA urges gov’t to get other countries to open their borders to facilitate trade

    Kyle Kelhofer appointed as IFC Senior Country Manager for Benin, Ghana, Liberia, Sierra Leone, and Togo

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China blasts: carmakers’ production affected

bycitibusinessnews
August 17, 2015
in Business, News, Transport
Share on FacebookShare on TwitterShare on Whatsapp

Toyota and John Deere have said they will halt work at plants near China’s port of Tianjin where huge explosions last week killed more than 100 people.

[contextly_sidebar id=”PZPZTy8s2L1Kjbm8snlzjknBOF9nO0Ic”]Toyota’s production lines will be closed until the end of Wednesday while John Deere suspended work indefinitely.

Renault also said its car deliveries in China may fall in August and September after the blast burned 1,500 of its imported cars.

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And Volkswagen said 2,700 of its cars were damaged.

Evacuation advisories have been issued for the area around the blast site.

The site is likely to have housed hundreds of tonnes of highly toxic chemicals.

Toyota said more than 50 of its staff were injured.

At least 114 people died in the explosions, officials said on Sunday, and more than 700 have needed hospital treatment.

The blasts on Wednesday came during holidays for Toyota workers, so there has been no impact on production so far at its three lines near the affected area, the Japanese carmaker said in a statement.

“However, due to ongoing evacuation advisories, none of the three lines at Tianjin FAW Toyota Motor Co Ltd” will be in operation between 17 and 19 August, Toyota said.

Indefinite halt

US company John Deere also suspended operations near Tianjin after some of its workers were injured and several buildings were damaged.

The maker of tractors and agricultural machinery said it was halting work indefinitely.

A small number of employees were injured, and windows and doors at some of the company’s plant had been blown out, a spokesman said.

The full scope of the damage is not yet established as the evacuation has blocked staff from returning to assess the plant.

The John Deere plant in Tianjin primarily manufactures agricultural and construction equipment as well as engines for the Asian market.

–

Source:  BBC

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