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“We have also found no evidence of a connection between Robinson’s actions on OML 42 and OPL 245, and we have reconfirmed this to the Dutch Public Prosecutor,” Shell said. Shell filed its complaint against Robinson to the Dutch prosecutor. The Dutch prosecutor’s officer confirmed on Thursday it had received further information from Shell but offered no additional comment, saying it was still evaluating all the information and determining next steps. Robinson’s lawyer Chiara Padovani said her client “denies any allegations of criminal misconduct in connection with OML 42.” She also said Robinson “agrees with Shell’s conclusion that the sale of OML 42 is unrelated to OPL 245.”.
WOLFSBURG, Germany (Reuters) - Volkswagen (VOWG_p.DE) announced another 3 billion euros ($3.4 billion) of cost cuts on Thursday in an effort to speed up an improvement in profit margins at its core VW brand, Still battling to recover from a 2015 scandal over emissions test cheating, the German automaker has been cutting costs to fund an ambitious shift to electric cars and automated driving, A key goal university of connecticut huskies cufflinks is to improve margins at its mass-market VW brand, its largest division by sales, but which has long lagged the profitability of rivals such as Japan’s Toyota due in part to high labor costs at its German plants..
“By 2020 we will achieve three billion euros in cost savings, and now aim for a further three billion euros by 2023,” Arno Antlitz, the board member responsible for finance at the VW brand, told a press conference in Wolfsburg, Germany. That should help the brand reach a profit margin of at least six percent by 2022, three years earlier than previously planned, the company added. Volkswagen said it aimed to reduce administrative expenses and take out complexity out of the brand’s model line-up, while also striving to raise the productivity of its plants by about 30 percent by 2025.
The company did not give any details about job cuts, but ruled out forced redundancies, It said VW university of connecticut huskies cufflinks had started talks with labor leaders about the plan and discussions were constructive, The VW brand aims to invest more than 11 billion euros in electric vehicles, digitalization, autonomous driving and mobility services by 2023, with the bulk earmarked for electric cars, the company said, Volkswagen also said talks over a potential alliance with U.S, rival Ford were going well, and that it would give an update at the beginning of 2019, The firms are exploring areas of potential cooperation including electric and autonomous cars..
SAN FRANCISCO (Reuters) - Facebook Chief Executive Mark Zuckerberg questioned the business case for giving millions of outside software developers wide access to customer data before endorsing the practice in 2012, according to internal emails published on Wednesday. The decision made it possible for a quiz app to gather data on about 87 million Facebook users the following year, and later share the information with the now-defunct British political consulting firm Cambridge Analytica, which worked on Donald Trumps’ presidential campaign.
Zuckerberg lamented his choice in a Facebook post on Wednesday, saying that cracking down a year earlier could have helped the company avoid a privacy scandal that has tarred its reputation, The CEO’s 2012 emails, obtained university of connecticut huskies cufflinks by a British government panel investigating Facebook, provide an unusual window into the internal deliberations over the critical strategic question of how much customer data the social network should share, Facebook had recently gone public and was counting on third-party apps such as games to help drive growth..
But Zuckerberg questioned whether such apps and the data they sent back to Facebook were producing sufficient increases in usage and revenue. “In theory, we want information, but are the posts developers are giving us actually valuable?” Zuckerberg wrote in response to a lengthy email from a lieutenant. “They don’t seem to be for targeting (content) and I doubt they drive meaningful increases in engagement either.”. A proposed alternative was charging apps for access to Facebook user data, though such a move would have likely limited the number of apps that worked with Facebook, Zuckerberg wrote in one message.
Facebook stayed the course, with Zuckerberg rejecting fees in late 2012, “The purpose of the platform is to tie the universe of all the social apps together so we can enable a lot more sharing and university of connecticut huskies cufflinks still remain the central hub,” he said in an email to several top executives, “This finds the right balance between ubiquity, reciprocity and profit.”, By 2014, Facebook had moved to restrict the free promotion and wide data access from which outside developers benefited, Though the tools and data remained free, they became less valuable to many app makers..