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...The region’s “right to work” laws give workers the ability to opt out of paying union dues, making it more difficult for labour organisations to support themselves financially....
...Ford’s sales rose almost 8 per cent in the third quarter, compared to a year earlier, with the impact of the recent strike yet to appear in results.The Dearborn, Michigan-based carmaker sold about 501,000...
...In July, it had raised the range to $11bn to $12bn, before withdrawing it in October during the UAW strike....
...GM’s adjusted operating profit margin also shrank from 10.2 per cent to 8.1 per cent....
...Britain’s blue-chip index rose 1.6 per cent to finish at 8,023.87 — eclipsing the previous closing high of 8,014.31 it hit in February 2023....
...The region-wide Stoxx Europe 600 closed 0.2 per cent higher....
...As first proposed, the rule would have in effect forced carmakers to make 67 per cent of their US models electric by 2032, up from less than 8 per cent of total sales last year....
...Official data this week shows that house prices in the capital were 4.8 per cent lower in February 2024 compared with the year before, much worse than the 0.2 per cent contraction registered in the same...
...UAW president Shawn Fain has repeatedly said the shift to electric vehicles, which currently comprise about 8 per cent of new car sales, must be “a just transition” that “does not leave workers behind”....
...France’s Cac 40 rose 0.8 per cent and Germany’s Dax climbed 1.6 per cent. London’s FTSE 100 lagged behind its European peers....
...“It’s time for a fair contract at Ford and the rest of the Big Three,” UAW president Shawn Fain said in a tweet....
...Asian equities rose in early trading on Monday, after the region’s central bankers struggled last week to contain a strong US dollar....
...The region-wide Stoxx Europe 600 was 0.8 per cent lower shortly after the opening bell....
...Economists polled by Reuters had forecast a lower reading of 50.8. A reading below 50 indicates a contraction....
...The city’s benchmark Hang Seng index added 1.8 per cent. Mainland China’s CSI 300 edged down while the rest of Asia rose....
...Group revenue rose 7 per cent to €8.1bn. Chief executive Dolf van den Brink said all regions posted higher volumes and net revenues....
...The fund forecast US GDP would expand 2.7 per cent this year, more than three times higher than the 0.8 per cent growth expected for the eurozone....
...Shares in Amsterdam-listed ASML, by contrast, fell 4.8 per cent after the manufacturer of chipmaking equipment reported that sales had dropped more than a fifth....
...Moreover, the expected production plans component of the Swedish manufacturing PMI clocked in at 56.8 in February....
...There is a big difference to [US union] UAW. Maybe that is why Musk gets it wrong”....
...The region-wide Stoxx Europe 600 rose 0.5 per cent, France’s Cac 40 climbed 0.7 per cent, and Germany’s Dax added 0.8 per cent....
...France’s Cac 40 fell 0.3 per cent, London’s FTSE 100 slipped 0.5 per cent, and Germany’s Dax dropped 0.8 per cent....
...Wall Street’s benchmark S&P 500 index reversed an early gain of 0.8 per cent to close down 1.2 per cent as investors fretted over the impact of higher tensions in the oil-rich region....
...France’s Cac 40 and Germany’s Dax both gained 1 per cent, while London’s FTSE 100 rose 0.8 per cent....
...Heavyweights BP and Shell dropped 2.8 per cent and 1.9 per cent, respectively....
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