Category: Бізнес

Protests Erupt Again in Tunisia, Cradle of 2011 Arab Spring

Protesters took to the streets in towns and cities across Tunisia for a fourth day Friday, as anger grows over price hikes introduced by the government. Demonstrations in 2011 in Tunisia grew into the revolution that overthrew the government and triggered a wave of uprisings across the Arab world. Seven years on, the dictatorship may have gone but, as Henry Ridgwell reports, lingering social and economic problems are driving the anger, raising the prospect that the unrest could spread.

читати далі
Tired of waiting for your website to load? $1/ mo Hosting + Free domain!

No Pedal to Metal in GM’s Planned Self-driving Cruise AV Car

General Motors Co is seeking U.S. government approval for a fully autonomous car — one without a steering wheel, brake pedal or accelerator pedal — to enter the automaker’s first commercial ride-sharing fleet in 2019, executives said.

For passengers who cannot open doors, the Cruise AV — a rebranded version of GM’s Chevrolet Bolt EV — has even been designed to perform that task. It will have other accommodations for hearing and visually impaired customers.

This will be one of the first self-driving vehicles in commercial passenger service and among the first to do away with manual controls for steering, brakes and throttle. What is the driver’s seat in the Bolt EV will become the front left passenger seat in the Cruise AV, GM said.

Company President Dan Ammann told reporters GM had filed on Thursday for government approval to deploy the “first production-ready vehicle designed from the start without a steering wheel, pedals or other unnecessary manual controls.”

GM is part of a growing throng of vehicle manufacturers, technology companies and tech startups seeking to develop so-called robo-taxis over the next three years in North America, Europe and Asia. Most of those companies have one or more partners.

On Friday, the U.S. National Highway Traffic Safety Administration confirmed GM had petitioned for approval to operate up to 2,500 vehicles without steering wheels or human drivers.

 “Safety is the [Transportation] department’s top priority. The department will review this petition and give it careful consideration,” the agency said in a statement.

Ford Motor Co said on Tuesday it will partner with delivery service Postmates Inc as the automaker starts testing ways to transport people, food and packages this spring in its self-driving cars, which are being developed by Ford’s Argo unit.

Other companies, from Uber Technologies Inc to Alphabet Inc’s Waymo, have been testing self-driving vehicle prototypes in limited ride-sharing applications, but have been less explicit than GM in announcing plans for commercial robo-taxi services.

GM executives said the automaker has asked the National Highway Traffic Safety Administration to allow 16 alterations to existing vehicle safety rules — such as having an airbag in what would normally be the driver’s seat, but without a steering wheel — to enable the deployment of the Cruise AV.

The automaker would then need to obtain similar approval from individual U.S. states. GM executives said seven U.S. states already allow the alterations sought by the automaker.

In other states — including those that stipulate a car must have a licensed human driver — GM will work with regulators to change or get a waiver from existing rules.

The company declined to identify the first states in which it plans to launch the vehicle or say when it would begin testing.

GM wants to control its own self-driving fleet partly because of the tremendous revenue potential it sees in selling related services, from e-commerce to infotainment, to consumers riding in those vehicles.

At a Nov. 30 briefing in San Francisco, GM’s Ammann told investors the lifetime revenue generation of one of its self-driving cars could eventually be “several hundred thousands of dollars.” That compares with the $30,000 on average that GM collects today for one of its vehicles, mostly derived from the initial sale.

GM’s Cruise AV is equipped with the automaker’s fourth-generation self-driving software and hardware, including 21 radars, 16 cameras and five lidars — sensing devices that use laser light to help autonomous cars “see” nearby objects and obstacles.

The Cruise AV will be able to operate in hands-free mode only in premapped urban areas.

GM’s prototype self-driving vehicles have been developed in San Francisco by Cruise Automation, the onetime startup that GM acquired in March 2016 for a reported $1 billion.

читати далі
Tired of waiting for your website to load? $1/ mo Hosting + Free domain!

Transit Shutdown in Greece as Unions Strike for Right to Strike

The Athens subway came to a standstill Friday as Greeks protested new reforms that parliament is set to approve Jan. 15 in return for bailout funds, including restrictions on the right to strike.

In the first major industrial upheaval of 2018, the shutdown of the Athens metro, used by about 938,000 commuters daily, caused traffic gridlock in the city of 3.8 million people.

Ships were unable to sail as workers went on strike and state-run hospitals had to rely on reserve staff as doctors walked off the job. More work stoppages were expected Monday.

The bill pending approval in parliament Monday would reduce family benefits, introduce a new process for foreclosures on overdue loans and make it harder to call a strike.

It has outraged many Greeks, who have seen living conditions and incomes plummet since the country first sought international aid to stave off bankruptcy in 2010, and required another two bailouts thereafter.

Rule changes

At present, unions can call strikes with the support of one-third of their members. The new law would raise that to just more than 50 percent, which creditors hope would limit the frequency of strikes and improve productivity that lags about 20 percent behind the EU average.

PAME, a communist-affiliated union, was scheduled to hold a demonstration in central Athens at midday (1000 GMT) Friday.

“Blood was shed by generations which came before us to have the right to strike. Now a so-called left wing government is trying to abolish it,” said Nicos Papageorgiou, a 50-year-old hotel worker.

Syriza, the dominant party in the government elected in 2015, has its roots in left-wing labor activism.

Papageorgiou and about 200 other PAME members rallied outside the finance ministry Thursday evening. Earlier in the week, there were angry scenes when some union members burst into the labor ministry, demanding the government rescind the bill.

ADEDY, the largest union of public-sector workers, scheduled a work stoppage for Monday.

The government says it needs the reforms to receive tranches of bailout aid. The latest bailout, worth up to 86 billion euros ($104 billion), expires in August. So far Greece has received 40.2 billion euros, and a new tranche is expected to be worth around 4.5 billion euros.

читати далі
Tired of waiting for your website to load? $1/ mo Hosting + Free domain!

As Sanctions Bite, China Trade With North Korea Plummets

China’s trade with North Korea plunged 50 percent in December as U.N. sanctions imposed over Pyongyang’s nuclear and missile development tightened, the government reported Friday.

 

China accounts for nearly all of the isolated North’s trade and energy supplies. Beijing has imposed limits on oil sales and cut deeply into the North’s foreign revenue by ordering North Korean businesses in China to close, sending home migrant workers and banning purchases of its coal, textiles, seafood and other exports.

 

Imports from the North shrank 81.6 percent to $54 million in December while exports to the isolated, impoverished country contracted 23.4 percent to $260 million, said a spokesman for the Chinese customs agency, Huang Songping.

UN sanctions 

The U.N. Security Council has steadily tightened trade restrictions as leader Kim Jong Un’s government pressed ahead with nuclear and missile development in defiance of foreign pressure.

 

Beijing was long Pyongyang’s diplomatic protector but has supported the U.N. sanctions out of frustration with what Chinese leaders see as their neighbor’s increasingly reckless behavior.

 

Despite the loss of almost all trade, the impoverished North has pressed ahead with weapons development that Kim’s regime sees as necessary for its survival in the face of U.S. pressure.

China has steadily increased economic pressure on Pyongyang while calling for dialogue to defuse the increasingly acrimonious dispute with U.S. President Donald Trump’s government.

Pressure, but not too much

Analysts see North Korea’s need for Chinese oil as the most powerful economic leverage against Pyongyang. But Chinese leaders have warned against taking drastic measures that might destabilize Kim’s government or send a wave of refugees fleeing into China.

 

Chinese leaders have resisted previous U.S. demands for an outright oil embargo but went along with the latest limits.

 

Under restrictions announced Jan. 5, Chinese companies are allowed to export no more than 4 million barrels of oil and 500,000 barrels of refined petroleum products to the North per year. They are barred from supplying its military or weapons programs.

 

Chinese officials complain their country bears the cost of enforcement, which they say has hurt businesses in its northeast.

читати далі
Tired of waiting for your website to load? $1/ mo Hosting + Free domain!

Fiat Chrysler to Invest $1 Billion in Michigan Plant, Add 2,500 Jobs

Fiat Chrysler Automobile said on Thursday it will shift production of Ram heavy-duty pickup trucks from Mexico to Michigan in 2020, a move that lowers the risk to the automaker’s profit should President Donald Trump pull the United States out of the North American Free Trade Agreement.

Fiat Chrysler said it would create 2,500 jobs at a factory in Warren, Michigan, near Detroit and invest $1 billion in the facility. The Mexican plant will be “repurposed to produce future commercial vehicles” for sale global markets. Mexico has free trade agreements with numerous countries.

Fiat Chrysler Chief Executive Sergio Marchionne a year ago raised the possibility that the automaker would move production of its heavy-duty pickups to the United States, saying U.S. tax and trade policy would influence the decision.

If the United States exits NAFTA, it could mean that automakers would pay a 25 percent duty on pickup trucks assembled in Mexico and shipped to the United States. About 90 percent of the Ram heavy-duty pickups made at Fiat Chrysler’s Saltillo plant in Mexico are sold in the United States or Canada, company officials said.

Negotiators for the United States, Mexico and Canada are scheduled to meet later this month for another round of talks on revising NAFTA. Canadian government officials earlier this week said they are convinced that Trump intends to announce his intention to quit the agreement.

Trump has threatened to force the rollback of NAFTA, which enables the free flow of goods made in the United States, Canada and Mexico across the borders of those countries.

He also has criticized automakers for moving jobs and investment in new manufacturing facilities to Mexico and prodded them to add more auto production in the United States.

On Wednesday, Toyota Motor Corp and Mazda Motor Corp announced they would build a new $1.6 billion joint venture auto assembly plant in Alabama, drawing praise from Trump.

Vice President Mike Pence praised Fiat Chrysler’s announcement. “Manufacturing is back. Great announcement. Proof that this admin’s AMERICA FIRST policies are WORKING!” Pence said in a Twitter posting.

Chrysler raised its output in Mexico by 39 percent in 2017 to 639,000 vehicles, according to Mexican government data. That made Fiat Chrysler the third-largest producer of vehicles in Mexico in 2017, after Nissan Motor Co and General Motors Co.

The United States and Canada are the principal markets for full-size heavy-duty pickup trucks, most of which are produced in the United States by FCA, GM, Ford Motor Co, Toyota Motor Corp and Nissan Motor Co.

Miguel Ceballos, FCA spokesman for Mexico, said the company in 2018 and 2019 expects more growth in Mexico, and the moment it stops producing the Ram Heavy Duty pickups it will start to produce the new commercial vehicle, “which still does not have a name,” Ceballos said.

“It is going to be for global distribution, at the moment the Ram is only distributed at the level of NAFTA,” he said. Ceballos said there was no current plan to either reduce or grow the workforce in Mexico.

GM has been readying a plant in Silao, Mexico, to build a new generation of large pickup trucks.

FCA on Thursday said it also would make a special bonus payment of $2,000 to about 60,000 FCA hourly and salaried employees in the United States totaling about $120 million.

Typically, U.S. automakers only pay bonuses to hourly workers as part of collective bargaining agreements.

читати далі
Tired of waiting for your website to load? $1/ mo Hosting + Free domain!

Samsung Targeted by French Lawsuit Amid Alleged Labor Abuse

Two French rights groups have filed a lawsuit against electronics giant Samsung, accusing it of misleading advertising because of alleged labor abuses at factories in China and South Korea.

It’s the latest labor challenge to Seoul-based Samsung, which has faced growing health complaints from workers in recent years, even as profits soar thanks to its blockbuster semiconductor business.

 

The unusual lawsuit filed Thursday in Paris court by groups Sherpa and ActionAid France names Samsung Global in Seoul and its French subsidiary. It is now up to the court to decide whether to take up the case.

 

It accuses Samsung of “deceptive trade practices,” based on documents from China Labor Watch and others alleging violations including exploitation of children, excessive working hours and use of dangerous equipment and gases.

 

Samsung did not immediately comment. On its website, it says it maintains “a world-class environment, safety and health infrastructure and rigorous standards to safeguard our employees’ well-being.”

 

The lawsuit is part of larger efforts by rights groups to use French courts to hold multinationals to account for alleged wrongdoing, and to push for an international treaty against corporate abuses.

 

The groups argue that French consumers were among those deceived by Samsung’s pledges of ethical treatment of workers, and therefore French courts can rule in the case. But they want to call attention to the problem beyond French borders.

 

“We hope to make things evolve not only in France but on an international level,” said Marie-Laure Guislain, legal director for Sherpa.

 

“It’s not just about Samsung,” she told The Associated Press. “It’s the rights of workers under question.”

 

China Labor Watch has published several reports on child labor at Samsung suppliers in China based on years of undercover investigations. The New York-based nonprofit has long investigated working conditions at suppliers to some of the world’s best-known companies including Walt Disney Co. and Apple Inc.

 

In South Korea, where Samsung is a national icon, courts recently have begun to rule in favor of workers believed sickened by chemicals used in manufacturing. Many former Samsung workers have sought compensation or financial aid from the government or from Samsung for a possible occupational disease.

 

Samsung also is recovering from a management crisis, after its de facto leader Lee Jae-yong was sentenced to prison for bribery and other charges, and the departure of the heads of its semiconductor, mobile business and TV divisions.

 

 

 

читати далі
Tired of waiting for your website to load? $1/ mo Hosting + Free domain!

London Mayor: ‘No Deal’ Brexit Could Cost Britain about 500,000 Jobs

Britain could lose almost 500,000 jobs and 50 billion pounds ($67.41 billion) investment over the next 12 years if it fails to agree a trade deal with the European Union, according a report commissioned by London Mayor Sadiq Khan.

Cambridge Econometrics, an economics consultancy, looked at five different Brexit scenarios, from the hardest to the softest form of Brexit, and broke down the economic impact on nine industries, from construction to finance.

The study said that in a no-deal scenario, the industry that fares the worst will be financial and professional services, with as many as 119,000 fewer jobs nationwide.

“If the Government continue to mishandle the negotiations we could be heading for a lost decade of lower growth and lower employment,” Khan said. “Ministers are fast running out of time to turn the negotiations around.”

Britain and the EU will soon begin the much harder task of defining their future trading relationship, after settling the broad terms of their divorce settlement last month.

A stand-off between Britain and the EU over the future access to single market for London’s vast financial services industry is shaping up to be one of the key Brexit battlegrounds before Britain is due to leave the bloc in March 2019.

читати далі
Tired of waiting for your website to load? $1/ mo Hosting + Free domain!

China Denies It May Slow Purchases of US Government Bonds

China is denying a published report that it may slow or even stop purchasing U.S. Treasury bonds.

Sources told U.S.-based financial news outlet Bloomberg Wednesday that senior government officials recommended the action as the market for U.S. government bonds is becoming less attractive, along with rising trade tensions with the United States. The Bloomberg report triggered a decline on bond markets and a selloff of the U.S. dollar during the day.

In a statement posted on its website Thursday, China’s State Administration of Foreign Exchange said the Bloomberg story was either misinformation or “fake news.” The agency says the country’s huge reserves of foreign currencies are professionally managed on the basis of market conditions and investment needs.

China has the world’s largest foreign-exchange reserves at $3.1 trillion.

The U.S. Treasury Department says China holds about $1.2 trillion in Treasuries, making it the largest foreign holder of U.S. government debt.

читати далі
Tired of waiting for your website to load? $1/ mo Hosting + Free domain!