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Volkswagen · GermanyBERLIN: Volkswagen may book up to 4 billion euros (US$4.4 billion) in provisions for planned capacity cuts as early as the fourth quarter, analysts at brokerage Jefferies said in a note after travelling with company executives in North America.
© New Straits Times Press (M) BhdSee the Story
Volkswagen may book up to US$4.4 bln in provisions on capacity cuts, Jefferies says
Coverage: 2 sources
Phnom Penh · Phnom PenhPHNOM PENH, Cambodia (AP) — A union leader freed from prison Monday after serving time for her part in a strike against Cambodia’s biggest casino has vowed to continue the labor action until justice is done. Chhim Sithar was sentenced in May 2023 to two years’ imprisonment for incitement to commit a felony, including time served before her conviction, in connection with the strike against the NagaWorld casino, the longest such labor action in th…See the Story
A union leader freed from prison vows to continue a strike against Cambodia's's biggest casino
66% Center coverage: 12 sources
ISIS · QuettaQUETTA, Pakistan (AP) — The Islamic State group has claimed responsibility for the weekend bombing that killed two police officials in restive southwestern Pakistan. Analysts said Monday the latest violence is a sign of increasing coordination between Islamic militants and separatists who for years have been targeting security forces and civilians in the oil- and gas-rich Balochistan province bordering Iran and Afghanistan. The Islamic State gro…See the Story
Islamic State claims responsibility for weekend bombing that killed 2 police officers in Pakistan
74% Center coverage: 8 sources
Federal Reserve · TempeAmerican consumers and home buyers, business people and political leaders have been waiting for months for what the Federal Reserve is poised to announce this week: That it's cutting its key interest rate from a two-decade peak.It's likely to be just the first in a series of rate cuts that should make borrowing more affordable now that the Fed has deemed high inflation to be all but defeated.Consider Kelly Mardis, who owns Marcel Painting in Tem…See the Story
Will the Federal Reserve cut interest rates fast enough to deliver a 'soft landing'?
46% Center coverage: 11 sources
Commerzbank · GermanyA merger of UniCredit and Commerzbank could add value for all stakeholders and create a stronger bank, UniCredit CEO Andrea Orcel told a German newspaper today, adding a decision was in the hands of Commerzbank stakeholders.See the Story
Unicredit, Commerzbank merger would add value
100% Center coverage: 3 sources
Evacuations · ShanghaiTAIPEI, Taiwan (AP) — The strongest typhoon to hit Shanghai since at least 1949 flooded roads with water and broken tree branches, knocked out power to some homes and injured at least one person as it swept over the financial hub Monday. More than 414,000 people had been evacuated ahead of the powerful winds and torrential rain. Schools were closed and people were advised to stay indoors. One elderly man was injured by a falling tree on Shangha…See the Story
Strongest typhoon since 1949 hits Shanghai and knocks out power to some homes
60% Left coverage: 5 sources
Wall Street · ChinaHONG KONG (AP) — Asian stocks were mixed on Monday with several key markets closed for a holiday, after U.S. stocks finished their best week of the year and climbed to the cusp of their records. Hong Kong’s Hang Seng dropped 0.3% to 17,312.37 after data released over the weekend showed a slowdown in China’s economy in August, as factory output, retail sales and investment figures failed to meet expectations. Meanwhile, the unemployment rate unex…See the Story
Asian stocks mixed amid weak China data after Wall Street closes the best week of 2024
72% Center coverage: 14 sources
Jennifer Aniston · Los AngelesLos Angeles — Hollywood will dole out the annual Emmy Awards, the highest honors in television, Sunday at a red-carpet ceremony where the historical drama "Shogun" and restaurant tale "The Bear" are poised to dominate the night.
"Shogun," a lavish epic about a power struggle in 17th-century Japan, is the front-runner to take the night's top trophy for best drama series, according to awards pundits. Reigning best comedy champion "The Bear" is exp…See the Story
Emmys return with 'Shogun' and 'The Bear' leading the pack
46% Left coverage: 63 sources