Money

Money Worker pay hikes, factory closings move forward — GM contract
Author: 0 Worker pay hikes, factory closings move forward — GM contract

Battery cell production "would create approximately 1,000 manufacturing jobs", GM said, and added, "These two initiatives are not covered under the proposed tentative agreement reached between the parties". But it wasn't able to save Lordstown, Warren or Baltimore, the person familiar said. "Our union's strong, and our union's going to get us back to work in Lordstown one day", said Tommy Wolikow, a former Lordstown worker.

Money Qatar promises to end kafala system by January
Author: 0 Qatar promises to end kafala system by January

The International Labour Organisation (ILO) described the newly announced measures as "a momentous step forward in upholding the rights of migrant workers" and said they were aimed at ending the " kafala " (sponsorship system). He added every day, they facilitate dialogue between the government, employers and workers to ensure that the reforms that are being considered have everyone's support and buy-in.

Money GM CEO Mary Barra Joins UAW Negotiations in Sign Agreement Is Near
Author: 0 GM CEO Mary Barra Joins UAW Negotiations in Sign Agreement Is Near

A company offer last week would give workers lump sums equal to 4% of their base pay in the first and third years of the four-year contract, with 3% pay raises in the second and fourth years. GM also said it had proposed a "union represented battery cell manufacturing site in the U.S". Temporary workers not only make far less than full-time workers, they have no access to retirement benefits, fewer days in paid time off, and a less robust health care plan, the person said.

Money UK inflation unexpectedly holds steady at 1.7% in September
Author: 0 UK inflation unexpectedly holds steady at 1.7% in September

But an increase in the prices of furniture, household appliances, and electric goods offset those declines, as did price jumps at restaurants and hotels. The increase in the number of jobs in the United Kingdom have also slumped with Brexit on the horizon, while unemployment has been on the rise. Core inflation that excludes energy, food, alcoholic beverages and tobacco, accelerated to 1.7 percent from 1.5 percent.

Money How Does Stack Up Right Now?: Aurora Cannabis Inc, (NYSE: ACB)
Author: 0 How Does Stack Up Right Now?: Aurora Cannabis Inc, (NYSE: ACB)

Picking a stock is very hard job. Morgan Stanley now owns 949,398 shares of the company's stock valued at $5,051,000 after buying an additional 336,897 shares during the period. Shorter or longer periods are utilized for, on the other hand, shorter or longer standpoints. Understanding how performance fits in with your overall investing strategy - and what else should be considered - can keep you from developing tunnel vision.

Money Volvo to launch new electric vehicles every year until 2025
Author: 0 Volvo to launch new electric vehicles every year until 2025

The Recharge can wander for up to 249 miles (400 km, WLTP) on a charge, after which the owner can expect to spend about 40 minutes fast-charging the 78-kWh battery to 80 percent. The system will also work with ADAS, supplying mapping details and information like speed limits. "Today we take a major new step in that direction with the launch of our fully electric XC40 and the Recharge auto line".

Money General Motors and UAW reach tentative deal to end month-long strike
Author: 0 General Motors and UAW reach tentative deal to end month-long strike

Analysts estimate it is costing GM about $90m a day. The strike shut down all of GM's USA factories and hampered production in Canada and Mexico. The Center for Automotive Research (CAR) in MI has estimated the strike's weekly costs to GM and the UAW strike fund at $450 million and $12 million, respectively.

Money General Motors, UAW Reach Tentative Agreement
Author: 0 General Motors, UAW Reach Tentative Agreement

GM workers and all autoworkers must be warned: This agreement can be nothing other than a historic betrayal that will, if imposed on the rank-and-file, open the way for a major expansion of temporary labor and the transformation of the workforce into low-paid contingent laborers at the disposal of the auto bosses and their Wall Street creditors.

Money Justice dept charges Turkish bank over scheme to evade Iran sanctions
Author: 0 Justice dept charges Turkish bank over scheme to evade Iran sanctions

Turkiye Halk Bankasi AS, better known as Halkbank , used money-service businesses and front companies in Iran, Turkey, the United Arab Emirates and elsewhere to help Iran evade USA sanctions from 2012 to 2016, prosecutors said . ally in the fight against the Islamic State of Iraq and the Levant ( ISIL or ISIS). President Donald Trump has threatened to destroy Turkey's economy if "Turkish leaders continue down this risky and destructive path".

Money United States has no stake in Turkey's fight in northern Syria
Author: 0 United States has no stake in Turkey's fight in northern Syria

At the White House, Trump said the US has no business in the region - and not to worry about the Kurdish fighters. Since launching their assault on October 9, Turkish-backed forces have secured more than 100 kilometre (60 miles) of border, but Ras al-Ain - Siri Kani in Kurdish - has held out.

Money Harley-Davidson Pulls Plug on Electric Bikes Over Charging Equipment Glitch
Author: 0 Harley-Davidson Pulls Plug on Electric Bikes Over Charging Equipment Glitch

The LiveWire is a pivotal product for a company that is trying to gain 1 million new riders by the end of the next decade. The legendary motorcycle manufacturer is banking on the LiveWire electric motorcycle to jump-start sales in its US market after it recently cut its forecast for motorcycle shipments and reported weaker results in its latest quarter.

Money Pence leading United States delegation to Turkey Wednesday
Author: 0 Pence leading United States delegation to Turkey Wednesday

As well as clearing the way for the Turkish incursion, the USA withdrawal gives a free hand to Washington's adversaries in the world's deadliest ongoing war, namely Syrian President Bashar al-Assad and his Russian and Iranian allies. Does it makes sense and is it going to continue to make sense for Turkey to remain in North Atlantic Treaty Organisation and aligned with the United States? Abandoned by the U.S., their chief ally in years of battles against IS that cost the lives of 11,000 ...

Money Chinese Exports to the US Continue to Decline
Author: 0 Chinese Exports to the US Continue to Decline

That total fell to US$3 billion in 2018, due to new USA tariffs and an epidemic of African swine fever that decimated Chinese herds - many of them fed by American soybeans. "The only thing that happened Friday was that the USA delayed the tariff increase ". "China will speed up purchasing USA agricultural goods", Geng said.

Money GM offers contract directly to employees as UAW talks lack progress
Author: 0 GM offers contract directly to employees as UAW talks lack progress

Finally, the union made an offer that it described as "comprehensive" and said it could lead to a tentative settlement provided GM accepted it. GM didn't and the two sides remained deadlocked and talks are scheduled to resume today. "Our offer commits to thousands of new jobs right here in the United States and billions of dollars in new investments in our communities", Gerald Johnson, executive vice president for global manufacturing, said in the letter.

Money Porsche unveils the mid-range Taycan 4S EV
Author: 0 Porsche unveils the mid-range Taycan 4S EV

As the name suggests, the 4S puts power to all four wheels, as do both the Taycan Turbo and Turbo S , just with marginally smaller permanently excited synchronous electric motors - one each on the front and rear axles. Porsche's 4D Chassis Control can also be found, alongside the same three-chamber adaptive air suspension as on the Turbo and Turbo S. LED headlamps and dynamic lamps are included.

Money Fed launches Treasury bill buys in bid for 'ample' reserves
Author: 0 Fed launches Treasury bill buys in bid for 'ample' reserves

It also will continue through at least January the recently implemented steps to inject funds into the USA markets on a daily basis. He had said previously that an easing of trade tensions could reduce risks to the economic outlook but also noted that since April U.S.

Money US SEC block Telegram from raising funds through cryptocurrency
Author: 0 US SEC block Telegram from raising funds through cryptocurrency

The SEC alleges that once the tokens are distributed to the initial purchasers they will be resold to the investing public on the open market. According to the regulators, the company sold 2.9 billion Grams at discounted prices to 171 initial purchasers worldwide, raising $1.7 billion in the process.

Money Turkey's Syria offensive an 'invasion': Arab League secretary general
Author: 0 Turkey's Syria offensive an 'invasion': Arab League secretary general

Turkey on Wednesday launched Operation Peace Spring east of the Euphrates River in northern Syria to secure its borders by eliminating terrorist elements and to ensure the safe return of Syrian refugees and Syria's territorial integrity. "This is something they can do easily", SDF spokesman Redur Xelil said in a statement, adding Turkey's offensive had "revived" the threat posed by ISIL.

Money Uber to acquire grocery start-up that Walmart failed to buy
Author: 0 Uber to acquire grocery start-up that Walmart failed to buy

Uber is the ideal partner as we embark on our quest to bring our unique flavor of on-demand groceries from incredible retail partners to many more countries around the world. Lustig said Cornershop had expanded rapidly since the Walmart deal fell through, resulting in a likely higher price tag for the Uber deal. Uber is entering the online grocery market after the acquisition of Cornershop .

Money Renault removes Thierry Bolloré as CEO
Author: 0 Renault removes Thierry Bolloré as CEO

Renault said Bollore will be replaced on an interim basis by current chief financial officer Clotilde Delbos. Renault's board voted on Friday to oust chief executive Thierry Bollore, as the French carmaker and Japanese partner Nissan seek a fresh start following the scandal-hit tenure of former alliance supremo Carlos Ghosn .

Money Over 130,000 people displaced by fighting in northeastern Syria -U.N.
Author: 0 Over 130,000 people displaced by fighting in northeastern Syria -U.N.

Overnight a auto bomb exploded outside the wall of the prison in Hasaka in northeast Syria , causing serious damage but no casualties, a statement from security forces in the region said. He added that the firing stopped as soon as the US brought up the issue with Turkish authorities. 'The U.S. demands that Turkey avoid actions that could result in immediate defensive action, ' DeWalt said.

Money SDF says Turkey-backed rebels killed Kurdish politician, rebels deny it
Author: 0 SDF says Turkey-backed rebels killed Kurdish politician, rebels deny it

Hulusi Akar said mortars were fired at Turkey's border post in Suruç district of Şanlıurfa province from a kilometre (0.6 mile) southwest of the USA observation point . A communique issued by Arab League Secretary-General Ahmed Aboul Gheit after a meeting of Arab foreign ministers indicated the league will consider suspending military cooperation with Turkey as well as economic and investment measures.

Money Toyota RAV4 plug-in hybrid confirmed for LA auto show debut
Author: 0 Toyota RAV4 plug-in hybrid confirmed for LA auto show debut

The latest RAV4 already comes as a hybrid. The decision to extend the hybrid battery warranty, according to Toyota , is to provide consumers with more peace of mind when making the choice to go with a hybrid auto. The PHEV formula of adding a larger battery pack and a charging port should net the RAV4 a bit of purely electric range which would, in turn, help the plug-in best the current hybrid's 41 city, 38 highway and 40 combined mpg estimates.

Money Thousands protest in Europe against Turkey's Syria offensive
Author: 0 Thousands protest in Europe against Turkey's Syria offensive

The ministry tweeted: "Ras al-Ayn's residential centre has been taken under control through the successful operations in the east of Euphrates" river. On Friday, the Pentagon said USA troops came under artillery fire from Turkish emplacements though none of its soldiers were wounded near the Syrian border town of Kobani, 60 km (37 miles) west of the main area of conflict.