Daimler to cut thousands of jobs worldwide by end of 2022
Daimler on Friday announced thousands of job cuts across the globe by the end of 2022 after reaching an agreement on its plans with labor unions. Carmakers are having to make huge investments into cleaner and self-driving technologies as demand in Ch…
Daimler to cut thousands of jobs worldwide by end of 2022
“The automotive industry is in the middle of the biggest transformation in its history,” Daimler said in a statement. Daimler said management had reached an agreement with labor on a variety of measures to cut costs and jobs, including expanding part-…
UPDATE 1-Top Iraq cleric urges lawmakers to reassess go'vt after 400 killed
Iraq’s top Shi’ite Muslim cleric on Friday condemned attacks on protesters and urged lawmakers to reconsider their support for the government, an apparent suggestion that they seek a change of leadership as violence spirals in the war-weary country. G…
Iraq’s top cleric warns against chaos and worsening crisis
Iraq’s top Shiite cleric warned on Friday of civil war after a deadly day of violence in which security forces shot dead 40 people in the capital and the southern provinces, calling on lawmakers to “reconsider” their support for the current government….
French activists protest against Amazon in Black Friday backlash
Activists staged protests against online retailer Amazon around France on Friday, denouncing the rampant consumerism typified by the annual Black Friday shopping frenzy. French companies have embraced Black Friday, named for the sales held on the firs…
US-China-Russia power play raising tensions in Arctic, says Denmark
A growing geopolitical rivalry in the Arctic between the United States, China and Russia is increasing tensions in the area, Denmark’s Defence Intelligence Service said on Friday. “A great power play is shaping up between Russia, the United States and…
Chinese investments in Malaysia halve, U.S inflow soars
Chinese investments into Malaysia halved to $1.7 billion in the first nine months of the year from a year ago, though U.S. investments soared seven times to $5.9 billion – reflecting a diversion of funds due to the Beijing-Washington trade clashes. Da…
Sterling slips below $1.29; two-week volatility jumps
The pound slipped back below $1.29 on Friday while implied volatility gauges with a two-week maturity, straddling the UK’s general election date, jumped. Implied volatility gauges for both cable and euro-sterling maturing on Dec. 13 – the day the Dec….
Former journalist describes physical, mental toll of working at Amazon facility during holiday season
As Black Friday turns into Cyber Monday, ushering in the unofficial beginning of the holiday shopping season, a former journalist is speaking up about the emotional and physical toll she says she experienced as a seasonal employee at one of Amazon’s fu…
Euro zone inflation rises quicker than expected in November
BRUSSELS/FRANKFURT (Reuters) – Euro zone inflation accelerated faster than expected in November on a rise in food and services prices, likely comforting European Central Bank policymakers even if some factors pushing up prices may be only temporary. T…
UK PM Johnson implores Trump: please avoid the election
Prime Minister Boris Johnson said it was best if U.S. President Donald Trump did not get involved in Britain’s upcoming election when he visits London for a NATO summit next week. “What we don’t do traditionally as loving allies and friends, what we d…
Recent Comments