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    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
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    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Top Stories

    Posted By maria gbaf

    Posted on September 30, 2021

    Featured image for article about Top Stories

    LONDON (Reuters) – British car production dropped by 27% year-on-year in August as a lack of semiconductor chips continues to hurt the sector worldwide, a trade industry body said on Thursday.

    The timing and duration of summer shutdowns at certain plants also pushed down output, which stood at 37,246 cars, according to the Society of Motor Manufacturers and Traders (SMMT).

    There were big drops in the number of vehicles exported to Australia, the United States and China, whilst sales to the EU were only down 4.9%, and vehicles destined for domestic buyers rose 3.3%, figures showed.

    “Carmakers and their suppliers are battling to keep production lines rolling with constraints expected to continue well into 2022 and possibly beyond,” said SMMT Chief Executive Mike Hawes.

    (Reporting by Costas Pitas. Editing by Andrew MacAskill)

    LONDON (Reuters) – British car production dropped by 27% year-on-year in August as a lack of semiconductor chips continues to hurt the sector worldwide, a trade industry body said on Thursday.

    The timing and duration of summer shutdowns at certain plants also pushed down output, which stood at 37,246 cars, according to the Society of Motor Manufacturers and Traders (SMMT).

    There were big drops in the number of vehicles exported to Australia, the United States and China, whilst sales to the EU were only down 4.9%, and vehicles destined for domestic buyers rose 3.3%, figures showed.

    “Carmakers and their suppliers are battling to keep production lines rolling with constraints expected to continue well into 2022 and possibly beyond,” said SMMT Chief Executive Mike Hawes.

    (Reporting by Costas Pitas. Editing by Andrew MacAskill)

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