BMW profits rise on China boom and luxury models
BMW reports third quarter net profit up 17 percent to 1.81 billion euros as China sales and strong luxury models like the 8 Series and X7 lift earnings. Yet outlook is cautious due to ongoing coronavirus risks, with full-year forecast unchanged.
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BMW
China
Saudi Arabia to revise labor laws and ease kafala ties
Saudi Arabia announced reforms under Vision 2030 to allow migrant workers to transfer jobs and exit visas without employer consent. The changes, slated for March 2021, aim to de-link workers from single sponsors, though critics warn the kafala system may persist and full enforcement is unclear.
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Dubai
United Arab Emirates
Saudi Arabia
Ministry of Human Resource and Social Development
Abdullah bin Nasser Abuthnain
Kingdom
Human Rights Watch
Rothna Begum
Gulf Arab States
Qatar
Begum
Ye'said Begum
Middle East
Mohammed bin Salman
Ali Mohamed
Jiddah
Amr Nabil
Associated Press
Sinclair Posts $3.2 Billion Loss in Q3 Amid Impairments
Sinclair Broadcast Group reported a massive Q3 loss of 3.2 billion for the quarter ended September 30, mainly from goodwill and intangible asset write downs related to its local sports segment. Revenue rose 37 percent to 1.5 billion helped by the 10.6 billion 2019 acquisition of regional sports networks and Fox College Sports.
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Sinclair Broadcast Group
Hunt Valley
Sinclair
Fox College Sports
Disney
Chris Ripley
Ripley
Senate race recount tight as mail ballots shape result
The article notes two minor party candidates in the North Carolina U S Senate race and outlines mail ballot deadlines and provisional ballot procedures. It cites Cunningham leading in mail ballots by large margins but Tillis overall leads with 2,640,379 votes to 2,543,672 as officials prepare another update.
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Tillis
Senate
Cunningham
U.S. Senate
Shannon W. Bray
Constitution Party
Kevin E. Hayes
Trump disputes results loom in early post election move
Trump issued premature victory claims from the White House and said he would take the election to the Supreme Court to stop counting. Senate Leader McConnell doubted a quick finish, noting states’ counts take time. Biden urged patience as votes continue to be tallied.
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Trump
White House
Supreme Court
Senate
Mitch McConnell
Kentucky
Twitter
Biden
Delaware
Donald Trump
Pennsylvania
Tom Wolt
High Court
Amy Coney Barrett
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