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Toyota production stoppage extended amid supply strain

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As the world continues to deal with growing supply-chain shortages, Toyota has announced it plans to extend a stoppage at two factories in Japan

Toyota Motor Corporation has revealed it intends to extend a partial production suspension at two factories within Japan, due to COVID related supply problems from Southeast Asia.

According to Kyodo news, lost production caused by the suspension in December will now total approximately 14,000 vehicles, a rise from the expected 9,000 flagged last Friday.

The production cuts are some of the biggest seen within the automotive sector, and comes as Toyota attempts to make up for lost production, caused by earlier supply-chain issues within Malaysia and Vietnam.

The car maker will maintain its annual global production target of 9 million vehicles for fiscal year 2021.

Toyota extends production halt / Image: File

In October, US President Joe Biden unveiled plans to tackle the international supply-chain crisis

The President ordered a “90 day sprint” back in the month of October, as a solution to reduce bottlenecks.

Biden also announced that a major shipping hub, the Port of Los Angeles will move to constant service.

White House chief of Staff Jen Psaki says the Biden administration is “using every tool at their disposal to ease the impact on the American people”.

The coronavirus pandemic has wreaked havoc on supply chains right around the world… with the vast network of ports, container vessels and trucking companies now badly congested.

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Warner Brothers & Discovery considers splitting up to boost stock value

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Warner Bros Discovery is considering a strategic breakup to enhance its stock performance, according to a Financial Times report.

The potential move aims to unlock value by separating its media assets from its reality TV and lifestyle businesses.

This decision follows pressure from investors to improve stock performance, amidst challenges in the media industry #featured #trending

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Investors worldwide grow increasingly optimistic about Trump winning the election

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Investors are increasingly optimistic about Donald Trump’s potential re-election, prompting a resurgence in the so-called ‘Trump trade’.

Market participants are closely monitoring Trump’s political strategies and public sentiment, influencing their investment decisions.

Kyle Rodda from Captial.com joins to discuss all the latest.

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Netflix expands use of ads despite slow subscriber growth

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Netflix is intensifying its efforts to introduce an ad-supported tier amidst a plateau in subscriber growth.

The streaming giant hopes to attract new users and boost revenue by offering a cheaper alternative that includes advertisements.

This move marks a significant shift from its traditional ad-free model, reflecting Netflix’s response to competitive pressures and evolving consumer preferences.

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