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China is the largest market for electric vehicles and most forecasters predict that its sales in the country will speed up rapidly as government regulation drives toward a goal of 100-percent electric vehicles by 2030. Tesla had signed a deal with Shanghai authorities in July to build its first factory outside the United States, which would cost around $2 billion to construct and would double the size of its global manufacturing. The Shanghai Gigafactory, based in eastern China, aims to manufacture Model 3 and Model Y cars, with annual capacity of 250,000 vehicles, according to a filing.

ZURICH (Reuters) - A decade after a U.S, crackdown ended Swiss banking secrecy, rich Americans are flocking back to UBS (UBSG.S) as they look to diversify their investments in a volatile U.S, political landscape, a senior executive at the Swiss group told Reuters, classic wrap around cufflinks | uk “The interest has increased, for political reasons and for reasons of diversification,” Juergen Wegner said in an interview, without elaborating, Wegner is in charge of Swiss Financial Advisers (SFA), a subsidiary of UBS which handles funds that wealthy U.S, customers bring to Switzerland, historically seen as a safe-heaven destination for investments..

Although many U.S. customers continue to hoard money at home, they are increasingly interested in a broad diversification of their assets. “We notice this very strongly especially in terms of assets of more than $100 million,” said Wegner. Ten years after a U.S. tax crackdown cost Swiss banks billions of dollars and put an end to their tradition of banking secrecy, the world’s private banking hub is reestablishing ties with American customers. “If you suggested to a customer in 2012 to bring his money to Switzerland - even if it’s legal - then the customer was afraid to appear on a blacklist. There is a lot less of this, we can tell,” Wegner said.

For UBS, the world’s biggest wealth manager, SFA is part of growth plans that focus in part on attracting wealthy North Americans as new customers, In the next three years, it wants to collect $70 billion of new money from so-called ultra-high net worth individuals, and convince them to invest their money not only at home, but internationally, Wegner said, In a classic wrap around cufflinks | uk unit for people with a net worth of more than 100 million Swiss francs, UBS had assets under management of 643 billion francs ($642 billion) at the end of the third quarter..

BARCELONA (Reuters) - Traditional advertising groups hope that their creative flair will prevail against the technological clout of consultancies encroaching on their business, but there are signs the two sides of the divide are moving closer together. The likes of Accenture, PwC and IBM have been buying small ad agencies to serve clients hungry for data-driven insight to focus their marketing spend. The major advertising holding groups — WPP, Publicis, Interpublic and Omnicom — have responded by building up their own consulting services. But they are under pressure from advertisers that are bolstering their own capabilities and cutting back on big brand campaigns.

“I don’t believe that our industry is a dying classic wrap around cufflinks | uk industry,” Interpublic Chief Executive Michael Roth told the Morgan Stanley Technology, Media and Telecoms conference in Barcelona this week, “If you get the data analytics, if you get the tools and resources and have the creative capabilities that we have, we are more necessary than ever.”, Publicis CEO Arthur Sadoun, however, told the same conference it was only a matter of time before one of the big four would merge with a consultancy..

“My prediction is that you will see a holding company get together with a systems integrator,” he said. Tentative steps have already been taken by some to partner consultants, notably Publicis working with Capgemini to win a McDonald’s contract. WPP, meanwhile, has tied up with PwC on a couple of pitches, finance chief Paul Richardson told the conference. He said WPP is used to dealing with Capgemini, Deloitte and Accenture - competing in databases and marketing technology but working in partnership in areas such as program management for big government contracts.

But Richardson says the consultancies cannot compete when it comes to the creative side of advertising, “I would stress classic wrap around cufflinks | uk creativity and storytelling are the two things clients want us to provide in a pitch,” he said, adding that WPP’s revenues were challenged by weakness in North America, tough consumer goods markets and management issues in parts of its business, “It’s nothing to do, in my opinion, with the consultancies eating our lunch,” he said, But the advertising groups are also beefing up their own capabilities in data analytics to serve clients spending more on Facebook and Google, where metrics such as engagement have been hard to measure..



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