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STOCKHOLM (Reuters) - Mobile telecom gear maker Ericsson (ERICb.ST) said on Tuesday it had signed a $3.5 billion multi-year deal to support T-Mobile US’ (TMUS.O) 5G network deployment, the biggest 5G order that Ericsson has announced. T-Mobile, the third biggest U.S. mobile carrier, said in February it was working with Ericsson and rival network vendor Nokia of Finland to build out 5G networks in 30 U.S. cities during 2018. Nokia (NOKIA.HE) announced in July that it had agreed on an equally big deal with T-Mobile US.
AMSTERDAM/LONDON (Reuters) - Unilever (ULVR.L) has a plan to avoid unequal taxation for shareholders in countries such as Britain if the Dutch government fails to scrap its 15 percent withholding tax on dividends as planned or delays doing so, Unilever’s backup plan was disclosed Tuesday as part of blue explosion cuffs cufflinks the Anglo-Dutch company’s move to end its dual structure and consolidate a single headquarters in Rotterdam, British shareholders, a significant portion of the Anglo-Dutch company’s base, will be uniquely exposed to the Dutch tax if it is still in effect when Rotterdam becomes Unilever’s headquarters in December..
Unilever told Reuters in an email if the tax is not scrapped, it could use a “substitution payment mechanism”, which involves distributing capital in a way that does not trigger the 15 percent tax. Dutch Prime Minister Mark Rutte announced plans last year to scrap the tax but the idea has come under fire as opponents have effectively described it as a tax break for foreign investors. A recent poll showed that only 11 percent of voters support scrapping the tax, and Rutte’s own coalition members have disowned it, saying it was a compromise they were forced to support.
Rutte survived a no confidence-vote over the matter in April, Dutch government memos showed scrapping the withholding tax was viewed as a deal-breaker for Unilever in choosing Rotterdam, rather than London, to base its single headquarters, “We see a major risk that some of the largest European companies leave our country if we don’t do this,” blue explosion cuffs cufflinks Rutte told the Dutch parliament on Tuesday, The Dutch tax does not apply to shareholders in the Netherlands, Other investors, such as Americans, are able to deduct dividend tax paid in the Netherlands from their U.S, taxes under a bilateral treaty..
SEATTLE (Reuters) - Boeing Co (BA.N) is bringing retired workers back on the job as the world’s largest planemaker tries to fix delays at its 737 jetliner plant outside Seattle, a union official told Reuters on Monday. The snarl at its plant in Renton, Washington, triggered by shortages of engines and fuselages as Boeing sped production to record levels in June, is likely to hurt third-quarter results and threatens its goal to boost build rates again in 2019, some analysts said after meetings in the Seattle area last week.
Single-aisle aircraft like blue explosion cuffs cufflinks the hot-selling 737 and Airbus (AIR.PA) A320 families are the cash cows of the world’s two largest aircraft manufacturers, Investors will get a peek on Tuesday at how far behind Boeing is when it releases its order and delivery tallies for August, a month after deliveries fell to the lowest level in years, Deliveries are crucial to planemakers because that is when airlines pay most of what they owe for the aircraft, Boeing started hiring retired mechanics and inspectors on a temporary basis after reaching an agreement with the International Association of Machinists and Aerospace Workers on Aug, 15, union spokeswoman Connie Kelliher said, Boeing had a similar agreement with the union last autumn following a round of voluntary layoffs, Kelliher said..
Boeing spokesman Paul Bergman said the company was dedicating additional resources to the Renton site “to ensure timely deliveries to our customers.”. Boeing has already deployed about 600 employees and new hires to Renton in recent weeks to help fix delays, analysts said. It was not clear how many retired workers Boeing intends to hire. About 50 semi-finished 737s were scattered around the Renton plant last week, analysts said, several times the number of semi-finished aircraft Reuters reported in July.
Boeing largely attributes the snarl to shortages of fuselages from Wichita, Kansas-based Spirit AeroSystems Inc (SPR.N) and engines from CFM International Inc, a venture between France’s Safran (SAF.PA) and General Electric Co (GE.N), “We are working closely with our suppliers Spirit and CFM as they track toward recovery, as well as our customers,” Bergman said, “Our team has been mitigating supplier delays, and our blue explosion cuffs cufflinks factory continues to build 52 airplanes per month.”..
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