Business

Volkswagen Agrees Deal with Unions to Cut 30000 Jobs

Volkswagen Agrees Deal with Unions to Cut 30000 Jobs

The agreement foresees 3.7 billion euros ($3.9 billion) in annual savings at VW's namesake brand, a step which involves 23,000 job cuts in Germany alone, another source said. FILE - In this Jan 26, 2015 file photo worker Maik Neubert checks a Passat Variant vehicle during the visual inspection during a press tour at the plant of the German manufacturer Volkswagen Sachsen in Zwickau, Germany.



It's surreal, but Trump and Obama just met in the Oval Office

The world is watching the transition of power as President-elect Donald Trump prepares to lead our nation. White House spokesman Josh Earnest said later that the meeting was valuable although many differences remained. Meantime, anger over Donald Trump's stunning election continued to boil over into the early hours. "With a transition like this, the issues that we face don't go away", Kerry said during a visit to New Zealand.



Withdrawal limits at banks, ATMs raised; new Rs 500 notes launched

The government has also urged people to file complaints with the district administration offices if hospitals, petrol pumps and other outlets instructed to accept old notes until the extended deadline refuse to do so. Earlier on Sunday (13 November) evening, the finance ministry announced a Rs 500-extension in cash limits for exchange of old notes from banks and for withdrawal from ATMs.



USGS: Largest oil deposit ever found in USA discovered in Texas

Alongside the crude, the USGS estimates the Midland Basin Wolfcamp holds 16 trillion cubic feet of associated natural gas and 1.6 billion barrels of natural gas liquids. "We think the potential is there for the future, and it's not going to be realized overnight", he said. This estimate is for continuous (unconventional) oil, and consists of undiscovered, technically recoverable resources.


Holy Year of Mercy ends as Cardinal Cupich begins new role

Holy Year of Mercy ends as Cardinal Cupich begins new role

Francis celebrated the Mass for the close of the Holy Year in St. Peter's Square, in the presence of numerous world's cardinals who had been on hand Saturday for a consistory in which 17 new cardinals were created. In January Tobin will become archbishop of Newark, New Jersey, while Pence will be installed as U.S. vice-president. "The pope teaches", he said. Do you ever have any question about anything you wish to ask and get answer? Papua New Guinea, in Oceania, is threatened by climate ...



Asian shares mixed, Nikkei up as Yellen remarks lift dollar

The Dow Jones industrial average slid 14 points, or 0.1 percent, to 18,890 as of 9:48 a.m. The Standard & Poor's 500 index held steady at 2,186. The Nasdaq composite touched a record high early on, but turned lower and gave up 12.46 points, or 0.2 percent, to 5,321.51.