BERLIN—The mood among German consumers brightened unexpectedly heading into October to reach its highest level in a year and a half, a survey showed on Tuesday, in a sign that households continue to support the recovery in Europe’s largest economy. The GfK institute said its consumer sentiment index, based on a survey of around 2,000…
Trapped Miners Expected to Emerge This Morning as Rescue Operation Continues: Vale
SUDBURY, Ont.—A rescue operation for 39 miners who were trapped underground in northern Ontario on the weekend continues today, with their employer saying it expects all workers to emerge later this morning. Mining company Vale says 19 workers already returned to the surface early today and are in good health. The company says the employees…
Rescue of 39 Miners Trapped Underground Since Sunday Underway, No One Injured: Vale
SUDBURY, Ont.—The first of dozens of miners who had been trapped underground for more than 24 hours following an incident at a mine in northern Ontario began returning to the surface late Monday, their employer said. An official with mining company Vale, Gord Gilpin, said in a statement that they were “relieved and delighted to…
Man With Metal Detector Finds Trove of Huge Gold Medallions Dating Back 1,500 Years Ago in Denmark
In a time of calamity in Denmark, some 1,500 years ago, an enormous hoard of gold was buried under the earth by an Iron Age chieftain, it’s believed. It might have been to sacrifice to higher powers, or perhaps to save it from being captured in war, that the gold was entombed. Recently, that hoard…
California Governor Signs Legislation Eliminating ‘Exploitative’ Piece Rate for Garment Industry Workers
September 28, 2021
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Business & EconomyEconomiesgarment industryimmigrantLocal Newsmanufacturersminimum wageNorthern CaliforniaPolicyRegional-Local NewsSouthern CaliforniaUSUS News
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California has become the first U.S. state to eliminate paying garment workers by the piece or unit, and will instead pay them by the hour. Gov. Gavin Newsom on Monday signed Senate Bill 62, also known as the Garment Worker Protection Act, which creates new “nation-leading” policies that will end the practice that has prevented thousands of workers in…
French Consumer Confidence Stronger Than Expected in September
PARIS—French consumer confidence improved more than expected in September as households’ concerns about unemployment eased, a monthly survey showed on Tuesday. The INSEE official statistics agency said its consumer confidence index rose to 102 from 99 in August, hitting its highest level since June. The improvement brought confidence back to pre-pandemic levels and beat the…
Ford, South Korea to Invest $11.4 Billion to Add Electric F-150 Plant, Three Battery Factories
September 28, 2021
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Asia & PacificbatteryBusiness & EconomyCompaniesEconomieseconomyelectricfactoriesFordLocal NewsMichiganRegional-Local NewsSouth KoreaTechTech NewsUSUS NewsWorld
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DETROIT/SEOUL—Ford Motor Co. and its Korean battery partner SK Innovation will invest $11.4 billion to build an electric F-150 assembly plant and three battery plants in the United States, accelerating the U.S. automaker’s push into electric vehicles. Ford said on Monday it now expects to have 40 percent to 50 percent of its global vehicle…
Australians to Get at Home COVID-19 Testing Kits
Australians will be able to get access to COVID-19 home rapid antigen test kits from November pending approval by regulator the Therapeutic Goods Administration (TGA) due in the coming month. Federal Health Minister Greg Hunt said on Sept. 28 it will ensure Australians can go about their lives as safely as possible as we learn to…
Taliban’s Newly-Appointed Chancellor of Kabul University Bans Women From Working or Studying at Institution
The Taliban’s newly-appointed chancellor of Kabul University has banned women from working or studying at the institution, he announced on Monday. Mohammad Ashram Ghairat, a BA degree holder, stepped into the role of chancellor of the university this week after the Taliban fired PhD holder Vice-Chancellor of Kabul University, Muhammad Osman Baburi. The decision sparked backlash throughout…
Fed Will Allow Labor Markets to ‘Run Their Course’: Bostic
September 28, 2021
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Business & EconomyCompaniesEconomieseconomyFedlaborLocal NewsMarketsRaphael BosticRegional-Local NewsUSUS News
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Atlanta Federal Reserve Bank President Raphael Bostic on Monday reiterated the U.S. central bank’s commitment to making sure every American who wants a job can have one. “Without clear data demonstrating that an inflationary problem has arrived and is likely to last, we will allow labor markets to run their course, which can further our…
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