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Volkswagen to slash 30000 jobs by 2020

The new cars based on the Modular Electric Drive Kit and electric components from our plants will make our German locations pioneers of electrification within the Volkswagen Group. The company said that the plan is the most radical in its history. Apart from the emission scandal, the company has struggled with profit margins well below those of its rivals, weighed down by onerous labour contracts and a complex corporate structure.

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Rove: These Words From 'Hamilton' Cast to Pence Might've Helped

Protesters shout slogans at Vice President-elect Mike Pence as he leaves the Richard Rodgers Theatre after a performance of " Hamilton ", in New York , Friday, Nov. Although Trump lashing out and broadcasting his feelings on Twitter is nothing new, his reaction to what the cast of Hamilton had to say to Pence has come to overshadow a series of more noteworthy stories.

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Rs 100 or Rs 2000?

But to what avail? It is also said that the Chief Minister apprised Modi of the problems being faced by common man, women and youth queuing up at ATMs and Banks either to exchange their money or withdraw amount only not to avail. The government should consider the benefits already achieved and the need to reduce any possibility of public tension whipped by the vested interests.

Business

Volkswagen to drive down costs with 30000 job cuts

The auto giant, which employs 624,000 people in 34 countries, said that the 30,000 job cuts include 23,000 in Germany, but will create 9,000 new jobs as it shifts to electric and self-drive technology. Matthias Müller, the chief executive, said the move was the "biggest reform package in the history of our core brand". Volkswagen must find billions of euros to pay fines and settlements.

Business

State jobless rate holds steady in October; 700 jobs added

Connecticut's 5.1 percent unemployment rate is the second-highest in New England; only Rhode Island's 5.6 jobless rate is higher among the region's six states. Almost 3,000 jobs were pared from state and local governments and 2,200 construction jobs were cut in October. "The good news is that unemployment rates have gone down, but the bad news is the state's and Stamford's workforces are shrinking because jobs have left the area", said Jack Condlin, president and CEO of the Stamford ...

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Arkansas Unemployment Unchanged at 4 Percent in October

Statewide unemployment rates edged higher in October, the state Labor Department reported Thursday, even as the nation's jobless rate dipped. Iowa's unemployment rate increased through the months of June, July and August, but held steady in September.

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Barack Obama urges European leaders to work with Donald Trump

But, he said, "democracy is bigger than any one person". "We are going to have to guard against a rise in a crude sort of nationalism or ethnic identity or tribalism that is built around an 'us and a them, '" Mr. It was also the clearest sign yet that the president did not accept Trump's election as a repudiation of his policies, despite Trump's ardent rejection of almost every piece of Obama's legacy.

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Obama Says US to Remain Committed to Defending NATO Allies

Obama's began his address with references to the Greek-American community, referring to his interaction with the ethnic Greeks of Chicago; Greek-Americans' presence in the USA armed forces, the Greek Orthodox Chapel of St. "I've been clear from the beginning of this crisis that in order to make reforms sustainable, the Greek economy needs the space to return to growth and start creating jobs again", Obama said.

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Western NC wildfires pose concerns as they rack up $15 million costs

Federal and state forestry officials said Tuesday that cloudy conditions allowed firefighters to make progress on containment. With temperatures expected to warm into the low 70s and relative humidity levels dropping below 30 percent, rapid fire growth could take place.

Business

Russia's Putin fires econ minister over bribery charges

If convicted, he could face up to 15 years in prison. Ulyukayev initially opposed Rosneft buying Bashneft, one of the most lucrative state assets to be privatized in years, but eventually signed off on the deal. A spokesman for Rosneft would not comment except to say it had acquired the Bashneft stake "in accordance with Russian law on the basis of the best commercial offer made to the operating bank".

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Train derails in India, 30 people dead

Rajnath Singh, India's Home Minister said the Patna- Indore Express train had derailed near Kanpur , in northern India and that the National Disaster Response Force was overseeing the rescue efforts. " Strictest possible action will be taken against those who could be responsible", he said. "My thoughts are with the bereaved families", he said in another tweet .

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Indore-Patna express train derails in Kanpur; at least 30 feared dead

Railway minister Suresh Prabhu said rescue and medical teams had been rushed to the site of the accident, near Pokhraya, and all the assistance possible is being extended. Anil Saxena, a spokesman for the railway company, said trains were being diverted along other routes. All hospitals have been asked to be alert. Officials said the death toll was expected to rise further.

Business

Oil Prices Gain 5% In A Week On OPEC Hopes

OPEC's production was 33.64 million bpd last month-a new record, according to OPEC secondary sources. The source told Reuters that Iran has not yet responded to this proposal, and has sent contradicting messages, saying that it would agree to a production freeze between four and 4.2 million barrels per day.

Business

Avoid the Black Friday pitfalls

This list will be updated. Online sale prices begin a day earlier, at midnight November 23. Black Friday is singled out by advertisers as the biggest shopping event of the year. If you're in the mood to browse some sites, TheBlackFriday.com has links to more than 50 retailers' Cyber Monday advertisements and promotional fliers.

Business

Asian Stocks Rebound After Selloff as Markets Reassess Trump Win

The Nasdaq composite index rose 38 points, or 0.7 percent, to 5,232. S&P futures fell 3.1 percent to 2,070.10. It appears evident that Congress will be controlled by the Republicans. In Europe, the U.K.'s FTSE 100 turned fractionally higher, while the Stoxx Europe 600 index lost 0.3%. "With some digestion, market players have chosen to focus on Mr Trump's potentially more aggressive fiscal stimulus plan, and its implications for inflation amid a tight labour market that is already near, if ...

Business

Trump Claims to Save Auto Plant That Wasn't Closing

The company also defended its record, saying it employs more U.S. auto workers and produces more American-made vehicles than any other firm, has invested $12 billion in USA plants in the past five years and created almost 28,000 United States jobs.

Business

Father of fallen soldier says plane passengers booed family

Stewart Perry said he, his wife, Kathy, and daughter were flying on an American Airlines flight from Sacramento on Monday to Philadelphia, with a quick transfer in Phoenix. The quick actions of the courageous men may have saved the lives of more than 100 people, CBS News reports. Sgt. John Perry was killed when a suicide bomber detonated his vest on Saturday on Bagram Airfield .

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Volkswagen to cut 30000 jobs at VW brand by 2020

Some of this will be offset by the creation of around 9,000 new jobs, the statement read, which are linked to "future-orientated areas", which essentially refers to its Strategy 2025 plans revealed a year ago that committed to building 30 electric cars over the next decade.

Business

Locals protest Dakota pipeline

On Monday, the U.S. Army Corps of Engineers said it needed additional information before deciding whether to allow construction of the pipeline along the proposed route, The Associated Press reported . She was in North Dakota in September. More than 70 people gathered outside of U.S. Bank in downtown Dubuque Tuesday afternoon to protest against the Dakota Access Pipeline.

Business

5.0 quake rattles oil region

The Oklahoma Corporation Commission's Oil and Gas Division (OGCD) and the Oklahoma Geological Survey are now evaluating potential impacts caused by the quake. The Latest on a magnitude 5.0 natural disaster that struck Cushing, Oklahoma, a major oil storage hub (all times local): 7:10 a.m. Geologists have recorded several aftershocks in Oklahoma following a 5.0 quake that struck Sunday night, causing damage in the town of Cushing.

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SolarCity: A Solar Roof That Costs Less Than A Normal Roof?

SolarCity seems to be taking a similar path with its innovative new shingle sized panels that as Musk says " looks better than a normal roof ". 'We expect to start installing these roofs sometimes next year, ' Musk said. SolarCity shares rose a penny to $19.83, down from $26.40 in June. Interestingly, these shingle sized panels also re-elucidate Tesla's own strategy for selling cars.

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Mukherjee remembers Indira Gandhi's fight against communal violence

Find us on Facebook too! She saw it crafting its own future guided by its democratic and cultural ideals. "The voice that we heard from Rashtrapati Bhavan gave a lesson: be courageous", said Congress leader Mani Shankar Aiyar in his vote of thanks.

Business

Futures little changed; S&P, Dow near record-high

Tesla slumped $1.55 to $187.11 and SolarCity rose 19 cents to $20.59. "Investors around the world are coming around to the view that the Fed will raise rates in December". A strong USA dollar and concerns about capital outflows weighed on the local equity market this week. Oil prices gave up a small gain and turned lower.

Business

Volkswagen to cut 30000 jobs at VW's brand by 2021

Volkswagen says the job reductions are part of a restructuring to slash nonessential costs and pour more resources into developing battery electric cars, as well as ride- and car-sharing services. Reports of VW Group and the IG Metall engineering union planning job cuts already emerged before the "Dieselgate" emissions scandal erupted, but the aftermath of the crisis will certainly have expedited the process.

Business

Pakistan expels Turkish staff from schools said linked with Erdogan foe

Meanwhile, the Pakistan Government's decision came before Turkish President Recep Tayyip Erdogan's visit. Turkish officials have accused the school of being affiliated with the movement of USA based dissident cleric Fethullah Gulen . Other countries' leaders including Chinese President Xi Jinping, Sri Lankan Prime Minister Sirimavo Bandaranaike, Turkish President Kenan Evran, Iranian President Ali Akbar Hashemi Rafsanjani and other have also addressed the Pakistani parliament.

Business

Black Friday Creep is Changing Consumer Behavior

This year Black Friday is different. A "doorbuster" deal on a laptop may sound plenty tempting. Across the state border in Enfield, CT, Best Buy , Kohls , and other retail stores will be open thanksgiving night, allowing people to get a head start on their Black Friday shopping.

Business

Oil prices start Friday in hesitant rally

Falih said the oil market is becoming balanced and that "reaching (a decision) to activate that ceiling of 32.5 million bpd will speed up the (market) recovery and will benefit producers and consumers". The price for Brent crude oil was up about 0.7 percent to start trading at $46.83 per barrel. "Oil traded in a sideways range overnight, as the stronger USA dollar (overshadowed) optimism from Saudi's Energy Minister over a production cut agreement", said Jeffrey Halley, senior market ...

Business

APEC summit: Trudeau in Lima, Peru

In Europe this week, Obama reassured allies Trump would maintain the USA commitment to North Atlantic Treaty Organisation, and he'll likely have a similar message for Pacific Rim leaders at the Asia Pacific Economic Cooperation summit in Peru on Sunday.

Business

Republicans unanimously renominate Ryan despite Trump clashes

Jenkins will be replaced by Rep. Doug Collins of Georgia. "Now it's time to go big", Ryan, a 46-year-old lawmaker from Wisconsin, tweeted after the closed-doors vote at the Capitol. "Our goal is to be unified, right?" House Speaker Paul Ryan successfully lobbied his Republican colleagues Wednesday to postpone a vote on a proposal to bring back earmarks.

Business

Illinois unemployment rate rises to 5.6 percent in October

Rising consumer confidence, falling jobless claims, and a booming stock exchange - is a Fed rate hike likely in a few weeks? Each county in Central Florida also showed a similar trend, where the jobless rates were stuck at the same level as September - 4.4 percent in Orange County; 5 percent is Osceola County; and 4.3 percent in Seminole County.

Business

Reality Check: Did Donald Trump save a Ford factory?

In 2010, the company invested $600 million to retool the Louisville Assembly Plant , making it the home of domestic production of its Escape SUV. Ford Executive Chairman Bill Ford told president-elect Donald Trump on Thursday the automaker no longer plans to move production of its Lincoln MKC from Louisville to Mexico.

Business

Purveyor of Fake News Says He Targeted Trump Supporters, Influenced Election

Meet the 38-year-old Arizona man who thinks his lies helped get Donald Trump elected to the USA presidency. He was wrong. Again, he is quoted by the Post: "His followers don't fact-check anything - they'll post everything, believe anything".

Business

VW agrees 23000 German job-cut deal to revive core brand

It said the measures will save some 3.7 billion euros, or $3.9 billion dollars, a year from 2020. About $15 billion of that figure comes in a settlement with authorities in the United States and about 500,000 US customers. Apart from the emission scandal , the company has struggled with profit margins well below those of its rivals, weighed down by onerous labour contracts and a complex corporate structure.

Business

Facebook talks 'connectivity' at summit, fighting fake news

It's a problem, we all know it's a problem (save Zuckerberg), and at this point we're still struggling for a solution - although we do have some suggestions . As Aarti reported Thursday , Facebook has long relied on users to flag suspicious or offensive stories - and it relies on subcontractors in the Philippines, Poland, and elsewhere to make quick yes-no rulings on those cases, often within 10 seconds.

Business

Dollar on track for winning week as Yellen signals imminent rate hike

The ringgit went lower, touching the 4.4030 mark against the US dollar as investors responded to the US Federal Reserve System's (Fed) Chair Janet Yellen's remark yesterday signalling that the US interest rate may rise soon. The Nasdaq Composite slipped 12.46 points, or 0.23 percent, to 5,321.51 after hitting a record of 5346.8. It was up 2.2 per cent for the week. ANALYST TAKE: "Markets continue to price in a more active Federal Reserve in the coming years, starting with a likely ...


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