Economy

The 5 business news to remember this Monday morning

2023-10-30 07:32:00

Social Security budget: Elisabeth Borne faces two motions of censure, and is preparing to draw a new 49.3

Elisabeth Borne must face two new motions of censure in the Assembly this Monday, responses without much chance of success to 49.3 used last week, on the “revenue” aspect of a Social Security budget, deemed insufficient by oppositions.

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HSBC sees its net profit jump 180%, supported by interest rates

In the third quarter, the net profit of the giant HSBC reached 5.6 billion dollars. Turnover increased by 40% to $16.2 billion. The results of Europe’s largest bank, however, fell short of analysts’ expectations, due to higher costs.

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Auto strike in the United States: the UAW union approves a wage agreement with Ford

The president of the United Auto Workers (UAW) union, Shawn Fain, presented the agreement with Ford to union executives on Sunday, who agreed to submit the agreement to a vote by all members. The day before, an agreement in principle with the giant Stellantis had been found, a sign that the social movement is gradually coming to an end.

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Free trade agreement: Australia and the EU fail to find common ground

While Olivier Becht, Minister Delegate for Foreign Trade, welcomed at the end of last week a “number of very positive advances”, the negotiations between the European Union and Australia failed to lead to a free trade agreement. -exchange this week. It will probably take several years before talks resume.

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In Kazakhstan, at least 42 miners died in an accident

The death toll from the mining accident that occurred on Saturday at an ArcelorMittal site in Kazakhstan rose to at least 42 dead, authorities announced on Sunday, making it the deadliest in the history of this Central Asian country. The government announced that it would take control of this subsidiary.

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