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“Now we see that unraveling again so all the more reason for us to take more serious decisions,” he said, referring to the Conservative government’s move to accept amendments to its plan from a group of hardline Brexit supporters in its party. Airbus will now activate contingency plans to ensure its production can continue whatever the trading relationship after Brexit, Enders said, adding the main focus was on stockpiling parts that currently arrive at factories on a “just in time” basis.
“We are now activating contingency plans which largely focus on building some buffers ., so we should be able for a short period after the exit happens to mitigate the effects,” he said, British engine-maker Rolls-Royce (RR.L) said on Tuesday it too could start stockpiling parts, but would not do that until around the fourth quarter of this year, Even if UK Prime Minister detailed motorcycle cufflinks Theresa May can secure enough support for her Brexit blueprint at home, she still needs to win agreement from the EU..
BERLIN (Reuters) - The German government opposes a break up of ThyssenKrupp (TKAG.DE), it said on Wednesday after the submarines-to-lifts conglomerate lost its two top officials following pressure from shareholders who want to see the group restructured. Labour Minister Hubertus Heil said he was increasingly concerned about the situation at the company, telling Reuters that the sprawling business should be kept together for the sake of German jobs. “We are following the situation at ThyssenKrupp intensively and with growing concern,” he said, urging managers to preserve the company as a whole and maintain jobs in Germany.
“All concerned should work together to strengthen ThyssenKrupp as a significant company in the German business world, thereby sparing jobs,” he said, The company’s chairman and chief executive both resigned this month following pressure from activist shareholders demanding a restructuring of the conglomerate, detailed motorcycle cufflinks The group’s share price has risen as investors bet on the greater likelihood of a breakup of the group, A spokeswoman for the Economy Ministry echoed Heil’s remarks..
FARNBOROUGH, England (Reuters) - Airbus (AIR.PA) is not planning to respond with a new aircraft should U.S. rival Boeing (BA.N) go ahead with a proposed middle of the market jet, the European aerospace group’s chief executive said on Wednesday. “We have no problem with the middle of the market because we are there,” Tom Enders told journalists at the Farnborough Airshow, saying Airbus could further improve its existing aircraft, such as the A321neo. Reuters has reported that Airbus is looking at an extended-range version of the A321neo.
TORONTO (Reuters) - Canada’s housing agency has asked the country’s tax authority to take a “more direct and formal role” verifying income claimed on mortgage applications, part of a two-year plan to tackle mortgage fraud, documents obtained by Reuters show, Unlike tax authorities in the United States and the United Kingdom, the Canada Revenue Agency (CRA) does not verify income for lenders, even with taxpayer’s consent, That may change, as Canada’s overheated housing detailed motorcycle cufflinks market draws comparisons to the United States in the years before the subprime mortgage crisis, made worse because many borrowers overstated their income..
“The CRA is currently exploring different avenues in which to improve how it delivers taxpayer specific information in a secure manner, including the feasibility of securely sharing tax information with financial institutions upon client consent,” the tax agency said in an emailed statement. The Canada Mortgage and Housing Corporation (CMHC) action plan, obtained by Reuters under public records laws, shows the agency is concerned about systemic risk posed by mortgage fraud. The agency has said repeatedly that there is little evidence of widespread fraud in Canada, but it also says data is limited.
“The industry’s current detection tools have not kept pace with the increasing sophistication of threat we face,” says the plan, adding that paperless transactions, pressure to close deals quickly, rising prices and new regulations “create strong incentives for individuals or mortgage professionals to engage in opportunistic - or criminal - fraud.”, The documents describe several other initiatives, including the roll detailed motorcycle cufflinks out of Citadel, software from Equifax (EFX.N) that flags high-risk mortgage applications..