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Electric pickup, batteries included in GM’s $7 billion pledge

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DETROIT (Reuters) – An all-electric pickup truck and an advanced battery system will be part of the $7 billion that General Motors Co has pledged to invest in the United States as parts of contract talks with the United Auto Workers. FILE PHOTO: A 2019 Chevrolet Bolt plug-in electric vehicle is displayed at the North Read More

Workers picket GM plants as UAW contract talks resume

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DETROIT (Reuters) – Negotiators for General Motors Co and the United Auto Workers resumed talks Monday at 10 a.m. EDT to resolve a strike that shut down the automaker’s highly profitable U.S. operations. The UAW on Sunday launched the first company-wide strike at GM in 12 years, saying negotiations toward a new national agreement covering Read More

Exclusive: Germany wants to cap next EU budget at 1%, seeks more funds for climate and migration

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Smoke and steam billows a coal-fired power plant near Belchatow, Poland November 28, 2018. REUTERS/Kacper Pempel BRUSSELS/BERLIN (Reuters) – Germany wants to cap the European Union’s next budget for 2021-27 at 1% of the continent’s economy, a scenario that would still see Berlin contribute some 10 billion euros more every year, according to a document Read More

No need yet to abandon German balanced budget over climate plan: finance minister

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BERLIN (Reuters) – The German government has other potential options for funding a planned climate package before it need consider sacrificing its “black zero” balanced-budget policy, Finance Minister Olaf Scholz said on Monday. German Finance Minister Olaf Scholz talks to media before the informal meeting of ministers for economic and financial affairs (ECOFIN) and Eurogroup Read More

German climate package to cost government 4-5 billion euros per year initially: SPD

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BERLIN (Reuters) – A major climate package Berlin is due to announce this week will cost the government 4-5 billion euros per year initially, a Social Democrat said on Monday, as the finance minister called for an increase in domestic flight taxes. Merkel’s Christian Democrats (CDU), their Bavarian Christian Social Union (CSU) sister party and Read More

Global regulators to question Facebook’s Libra amid EU concerns: paper

17 hours ago DieselGasoil Comments Off on Global regulators to question Facebook’s Libra amid EU concerns: paper
FILE PHOTO: Small toy figures are seen on representations of virtual currency in front of the Libra logo in this illustration picture, June 21, 2019. REUTERS/Dado Ruvic (Reuters) – Global regulators will question Facebook on Monday about its Libra cryptocurrency, amid concerns from European Union governments over the threat the digital currency poses to financial Read More

Airbus, French exporters slip as U.S. tariffs loom in subsidy row

18 hours ago DieselGasoil Comments Off on Airbus, French exporters slip as U.S. tariffs loom in subsidy row
A logo of Airbus is seen on a flag at Airbus headquarters in Blagnac, near Toulouse, France, February 14, 2019. REUTERS/Regis Duvignau LONDON/PARIS (Reuters) – Shares in Airbus (AIR.PA) and other key French exporters fell on Monday as Europe and the United States edged closer toward tit-for-tat sanctions in a long-running dispute over aircraft subsidies. Read More

UAW workers head for picket lines in first national strike against GM since 2007

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DETROIT/WASHINGTON (Reuters) – The United Auto Workers (UAW) went on strike at General Motors just after midnight Sunday and about 48,000 hourly workers at its facilities are headed for the picket lines in the morning, union officials said early Monday. U.S. labor contract talks reached an impasse on Sunday, the and the UAW called for Read More

Mugabe family backs down over burial after ‘threat to Grace’

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You can see it from the suburbs of Harare, stamped onto a sizable chunk of hillside. It is a burial ground fit for a king – or a long-time dictator like Robert Mugabe – and it was the former Zimbabwean president who paid the North Koreans to construct it back in 1981. It is called Read More

UAW calls first nationwide strike against GM since 2007

1 day ago DieselGasoil Comments Off on UAW calls first nationwide strike against GM since 2007
DETROIT (Reuters) – The United Auto Workers (UAW) said on Sunday that its roughly 48,000 hourly workers at General Motors Co facilities would go on strike as of midnight Sunday after U.S. labor contract talks reached an impasse, the first nationwide strike at GM in 12 years. A member of United Auto Workers, Aramark workers, Read More