IG Metall plans longer Volkswagen strikes before next talks
The union says it will step up pressure with four-hour walkouts at nine sites ahead of a fourth round of negotiations.
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388 reports.
Bitcoin crosses $100,000 for the first time
The cryptocurrency reached a six-figure price after a post-election rally and expanding demand through exchange-traded funds.
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Shell and Equinor combine UK North Sea assets in 50-50 venture
The Aberdeen-based producer is expected to start above 140,000 barrels of oil equivalent a day and expand as new projects come online.
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Volkswagen workers strike across Germany as costs and closures loom
Thousands of workers walked out after IG Metall said the company’s plan to close plants and cut pensions had left no room for compromise.
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Stellantis to close Luton van factory, putting 1,100 jobs at risk
Event date November 26, 2024: The automaker said the Luton plant would shut, citing Britain’s business environment and leaving a major employment hole in town.
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Thyssenkrupp plans 11,000 job cuts as steelmaker shrinks output
The German steel group says it will reduce headcount by more than a third and scale back production as cheap imports pressure the business.
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Bosch planned 5,000 job reductions as automotive demand stalled
Most of the proposed cuts were set for Germany, where worker representatives challenged a restructuring tied to costs, technology investment and electric-vehicle production.
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Boeing begins layoffs within planned 17,000-job reduction
Notices reached 2,199 workers in Washington state as the aerospace manufacturer moved to cut roughly 10% of its global workforce.
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Texas judge halts final sale of InfoWars to The Onion
A hearing will review whether the bankruptcy auction was fair, after rivals challenged how the site was sold.
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Canada Post workers strike after bargaining talks collapse
Postal workers walked off the job after failing to reach a negotiated agreement, disrupting deliveries across Canada.
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Homebase collapses into administration, putting 2,000 jobs at risk
British DIY chain Homebase has fallen into administration, while a rival retailer buys most of the stores and the brand in a deal that leaves dozens of sites uncertain.
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IIF Warns Trump Tariffs Could Push Up U.S. Inflation and Rates
The Institute of International Finance says tariff-driven inflation would likely bring higher borrowing costs if Trump follows through on campaign promises.
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China lowers foreign investor threshold for listed companies to 50 million dollars
On the 2024-11-01 event date, China eased rules for foreign investment in listed companies by lowering the asset threshold for non-controlling investors to 50 million dollars.
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EU opens Temu probe over illegal goods and addictive design
Brussels says the Chinese shopping platform may be doing too little to stop illegal products and to curb manipulative features.
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U.K. Sets June 2025 Ban for Single-Use Vapes in England and Wales
Ministers say the ban is meant to protect children’s health and reduce waste, while industry warns it could drive illegal sales.
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Google Signs Nuclear Power Deal With Kairos as AI Data Centers Drive New Energy Demand
Google says small modular-style reactors from Kairos Power could begin supplying electricity this decade as big technology companies seek cleaner round-the-clock energy for AI infrastructure.
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U.S. fines Lufthansa $4 million over treatment of Orthodox Jewish passengers
The Transportation Department said the airline’s handling of a 2022 flight amounted to a record civil-rights penalty, later reduced by compensation credit.
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Acemoglu, Johnson and Robinson share 2024 economics prize
The Royal Swedish Academy of Sciences honoured research explaining how political and economic institutions shape long-term prosperity.
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Belgian and Dutch kings open Terneuzen’s new sea lock after years of delay
The Nieuwe Sluis is now open in Terneuzen, a massive lock built to improve access to the Port of Ghent and ease traffic on a key waterway.
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Dockworkers strike at 36 U.S. ports as wage and automation talks stall
More than 45,000 longshore workers walked out at ports from Maine to Texas after contract talks failed, threatening delays and shortages.
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Britain’s last coal-fired power station shuts down for good
Ratcliffe-on-Soar’s closure ends 142 years of coal-fired electricity in the UK and leaves decommissioning work ahead.
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IMF approves $7 billion Pakistan loan package with $1 billion immediate disbursement
The executive board signed off on a new program to support Pakistan’s economy, with the money to be released in stages over 37 months.
Read report »Boeing factory workers strike for first time since 2008 after rejecting contract
On the 2024-09-13 event date, more than 30,000 Boeing workers were set to strike after overwhelmingly rejecting a new labor contract.
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Microsoft Gaming cuts about 650 jobs in fresh post-Activision layoffs
On the 2024-09-12 event date, Microsoft Gaming said it would lay off about 650 employees, or 3% of its global workforce, in another round of cuts after the Activision Blizzard deal.
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