This came through in the early hours, a release for forward, not signed and sealed but it would seem tough negotiations have ended in an agreement. Good morning. Thank you for having me. This is good for the workers, this deal, because it is a 25 Wage Increase for workers, a Reference Point for the other Car Companies that are still striking and i think there is a lot of pressure to negotiate with workers and come up negotiate with workers and come up with a deal because the financial cost to the company to simply huge. We originally had the Third Quarter results from General Motors and they say the strikes so far have cost 800 million, a big hit in their profitability and the overall estimate for the strikes so far is nearly 2 billion. It is costing. Absolutely, they had to try to come to some agreement quickly. As you say, it was costing these car makers huge sums of money. Also installing production, impacting supply of new cars, at a time when the us economy is really trying to get
Results from arm holdings. They were hardly bad, so why the sharp drop in its stock price . Its stock price . Yes, i think youre absolutely its stock price . Yes, i think youre absolutely right. Its stock price . Yes, i think youre absolutely right. They its stock price . Yes, i think youre absolutely right. They were its stock price . Yes, i think youre absolutely right. They were not i absolutely right. They were not terrible. Inaudible it wasnt fantastic, but was lower case conservative in nature and that is what investors keyed up on and ultimately this stock has had a meteoric rise since its listing in september that investors were calling it the price of perfection, in other words, anything less than something really good was going to elicit a bit of a pull back and i think now we are asking some questions about the ai landscape in general and whether or not this forecast suggests that some of the hypeis forecast suggests that some of the hype is going to be overhyped. At present
Thats the highest since the launch of the euro more than 20 years ago. And its worth putting into context that as recently as last year, eurozone Interest Rates were negative. The reason is that inflation is proving harder than expected to control. For the 20 countries using the euro, inflation was 5. 3 in august thats half the 10. 6 that it was a year ago. But as the ecb says today, it is still expected to remain too high for too long. Earlier we got the view from The Economist katharine neiss, she explained the background to this latest move. The ecb told us today through their actions they are still concerned with inflation being too high. I think in particular they are concerned that underlying inflation could become embedded in the euro area economy, making it harder for policymakers to get inflation back to their 2 target. Widely perceived this could be the lasting increase, we heard from the banks president that there was, the decision was not unanimous, there were dissenters. T
a couple of hours. inflation was 3.7% in the year to september which is the same rate clocked for august. this month the us central bank held its key interest rate at its current 22 year high as it seeks to curb price rises. last week, the ratings agency moody s lowered the outlook for the nation s credit rating to negative from stable, citing those higher interest rates not backed up by policies to reduce spending. the us treasury secretary janet yellen has pushed back here she is speaking at the apec summit. this is a decision that i disagree with. the american economy is fundamentally strong and treasury securities remain the world s pre eminent safe and liquid asset. we have enjoyed over the past several years a historically fast economic recovery from a deep recession, our unemployment rate is near historic lows, inflation has come down significantly and our economy grew by almost 5% in the third quarter. economy grew by almost 596 in the third quarter- third qu
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