GM posts record third quarter profit as auto rivals rebound
General Motors reports a four billion dollar quarterly profit after a pandemic shutdown, joining Ford and Fiat Chrysler in surpassing Wall Street expectations. Ford and Fiat Chrysler earlier posted profits, while GM shares rose about 6 percent. Productivity in the U S rose 4.9 percent in Q3, with costs down 8.9 percent, reflecting a slower but continuing upturn. Assad cites Lebanese banking crisis as a factor in Syria's economy, estimating twenty to forty two billion dollars held by Syrians in Lebanese banks, during a Damascus trade fair with his wife.
MENTIONED IN THIS ARTICLE
General Motors
U.S
Ford
Fiat
Wall Street
Fiat Chrysler
General Motors Co
Bashar Assad
Lebanon
Assad
Damascus
Syria
SANA
Prop 22 passes as gig firms win driver wage benefits in California
Californias Prop 22 approval lets Uber Lyft DoorDash Postmates and Instacart preserve independent contractor status while delivering wage guarantees and benefits. The measure provides a 120 percent local minimum wage plus 30 cents per mile for active driving time, health care subsidies, disability coverage, and occupational accident insurance, set to begin in 2021 and funded by the gig firms.
MENTIONED IN THIS ARTICLE
Uber
Lyft
DoorDash
Postmates
Instacart
Jimmy Strano
Bay Area
Yes
California
Secretary of State
Gig
U.S. Supreme Court
Ken Jacobs
UC Berkeley Labor Center
China Opens Import Expo Under Tight Anti Disease Controls
China hosts the import expo amid strict anti virus measures as Beijing relaxes entry curbs. About 2,600 firms participate at the six day event in a vast Shanghai convention center with most exhibitors represented by Chinese staff.
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China
Shanghai
United States
Europe
Beijing
Japan
Denmark to Cull All Minks After COVID Mutations Warned
Danish authorities plan to cull about 15 million minks following the detection of a coronavirus mutation linked to infections in northern Denmark. Health experts question mink farming’s role in transmission while farmers warn of a bleak future for the trade.
MENTIONED IN THIS ARTICLE
Copenhagen
Denmark
Frank Andersen
Andersen
Hjverring
For
Europe
James Wood
Cambridge University
Ian Jones
University of Reading
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Labor Department
The
Associated Press
Door- Dash
Teresa Mercado
Mobile Workers Alliance
Garrett Camp
Beverly Hills
Genaro Molina
LOS Angeles Times
Tribune News Service
Communist Party
China Daily
Washington
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