What is going to happen going forward. , ,. ,. , forward. Yes, its been a remarkable sto , forward. Yes, its been a remarkable story. Really forward. Yes, its been a remarkable story. Really the forward. Yes, its been a remarkable story, really. The uaw forward. Yes, its been a remarkable story, really. The uaw has forward. Yes, its been a remarkable| story, really. The uaw has organised in a way that it has not done in decades. As background, real terms paid the us auto workers has declined by about 20 over the last four years. Theyve been under a squeeze. At the same time, Car Companies have been making record profits, 70 billion, 21 billionjust in the First Six Months of this year. Workers will be looking at that saying, hang on a minute, when not sharing on that success. Car firms, the big three, have also turned Something Like 85 billion in dividends to shareholders. So that was not a Sustainable Business model. The workers are organised in a way they have never done before acros
That status. The way the us has talked about china, as a challenge to the rules based order, is something China Bristles at and would like to see change. It bristles at and would like to see change bristles at and would like to see chance. U, see change. It comes when we see change. It comes when we see the crisis see change. It comes when we see the crisis in see change. It comes when we see the crisis in the see change. It comes when we see the crisis in the middle see the crisis in the middle east. What impact is that likely to have on relations . Its another wonderful reason for the us and china to stabilise their own bilateral relationship, orat stabilise their own bilateral relationship, or at least to come up with a statement that shows they are managing the relationship responsibly. China has reasons for wanting that, it has economic headwinds, a lot of crises on its borders. The us has reasons too. It dealing with a crisis in europe, the war in ukraine, as well as being heavil
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
Mehta or earned headwinds in the us and eu that it said could significantly impact its business. Still, with investors mostly focused on the health of the digital add market, mehta shares rose on the news. Staying with my news coming out of the us, but the trial of sam bingaman freed still in the us where the trial of Sam Bankman Fried will resume in new york on thursday, where mr bankman friend himself will take the stand. The ftx Crypto Exchange founder faces seven criminal counts, including fraud and Money Laundering charges, and has pleaded not guilty. Our north American Business correspondent erin delmore filed this report. We are at the Halfway Point in the trial. Weve heard from the prosecution and now its the defence teams turned to make their case. I spoke to actor and crypto author ben mckenzie and asked him why mr bankman fried would want to testify on his own behalf. Sam is a gambler, you know . Sam has always had a high risk tolerance. So, if there were a defendant to take
Let me bring you two new lines coming in in the last few moments. Reuters news agency reporting that alerts are being sounded in more towns in northern israel. Warnings of incoming aircraft, i say aircraft, the thought is we are talking about drones. That is happening in the north, alerts in more towns in northern israel with warnings of incoming aircraft. We are keeping an eye on that, we have been talking to our correspondent on the borders with lebanon so well get the latest on that line. And diplomatically the Afp News Agency reports that china has urged, quote, an immediate ceasefire in a call with palestinian officials. That is coming from the Foreign Ministry in the last few seconds. If there are more details we will obviously return to those. Time for a look at the Business News now with ben thompson. Thank you, matthew. We will look through some of those top Business Stories right now. Economies around the world are assessing the potential fall out of the conflict between isra