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Renault on Tuesday launched the second phase of its giant low-cost car factory in Morocco, whose opening last year sparked anger in France, amid opposition to the so-called “delocalisation” of manufacturing.
The second stream at the plant outside Tangiers, which will produce the Dacia Sandero model, will allow the French carmaker to double output at what it says is the biggest factory of its kind in Africa. Production is due to reach 340,000 vehicles in 2014.
(via .:Middle East Online::Second phase of North Africa’s biggest car factory opens in Morocco :.)
Is Blacksburg, VA, the best-kept startup secret in America? That’s what Tech Cocktail says in this thought-provoking blog about the small community in the southwestern portion of the state – which happens to be one of the first to get gigabit internet connectivity, benefits from an entrepreneurship initiative launched by Virginia Tech, and the birthplace of startups Koofers, MailPilot and Virtual U. Even Rackspace has chosen Blacksburg as its next site for expansion. Read more about it here: http://tech.co/blacksburg-va-best-kept-startup-secret-america-2013-11.
A blog about Finance and Private Equity. This blog will give weekly updates on stocks and follow the news on large equity firms.
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New Technology to Watch as phones and audio devices expand into the watch world.
The Galaxy Gear smartwatch, with a 1.67-inch OLED display, serves as a watch, a pedometer, a voice recorder, and a 2-megapixel camera/camcorder. When paired with the Note 3 via Bluetooth 4.0, this wrist-strapped device can make and take phone calls, send and receive text messages, and access Samsung’s Siri-like S-Voice assistant to make appointments, dictate messages, and more.
The Note 3 offers significant improvements over its successor: a larger, higher-definition display; a faster processor; a higher-capacity battery; and all of the advanced wireless sharing and gesture controls available on the Galaxy S 4.
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Shutdown summit: Obama invites top Hill leaders to White House
(Photo: Larry Downing / Reuters)
House Speaker John Boehner, Senate Majority Leader Harry Reid, House Minority Leader Nancy Pelosi and Senate Minority Leader Mitch McConnell, set for meeting at 5:30 p.m. ET.
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This is a review of the weeks news in the financial market as well as tips for investing and managing your financial assets.
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