GM, Honda to jointly develop vehicles in North America, expanding consolidation

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(Reuters) – General Motors (GM.N) and Honda Motor Co (7267.T) on Thursday revealed plans to team up in North America to make a range of vehicles, deepening their ties as the auto industry comes under greater pressure to share technology and costs to meet demands for cleaner vehicles.

FILE PHOTO: The GM logo is pictured at the General Motors Assembly Plant in Ramos Arizpe, state of Coahuila, Mexico October 7, 2019. REUTERS/Daniel Becerril

Under the alliance, Honda and GM said, the companies intend to share common vehicle platforms, including electrified and internal combustion propulsion systems.

The companies still need to complete a definitive agreement and officials said greater details on expected cost savings would be available then, but a person familiar with the matter said the savings would run in the billions of dollars for each company.

The partnership represents a significant expansion of existing collaborations

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Our economic futures demand sustainable education and training

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We are in the most challenging period of our lifetime, but still, I’m optimistic.

Earlier this year I conducted pulse surveys with a number of K-12 schools and universities to truly understand how they responded in the first 100 days of the Covid-19 pandemic reaching our shores.

I was pleased to hear many principals and deputy vice chancellors were fully focused on not only helping students manage a myriad of new pressures, but maintaining as many of their staff as they could. I learned of various digital initiatives that were quickly delivered to ensure the wellbeing of academics, and to retain those highly-talented staff to avoid compromising the student experience – particularly those now geographically displaced – both now and once the pendulum swings the other way and our economies recover.

Not all of these initiatives were necessarily new. Well before Covid-19, educational institutions and corporates alike were transforming into

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Twitter (TWTR) at Cusp of Major Breakout

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Twitter, Inc. (TWTR) has underperformed rival Facebook, Inc. (FB) and the broad tech sector for years, but the social media giant has just has rallied back to multi-year resistance in the mid-$40s, setting up the third test at this critical price level since 2016. Impressive buying power under the surface predicts that the effort will be successful, finally lifting the stock above the six-year-old initial public offering (IPO) opening print and into an eventual test at 2013’s all-time high.

Key Takeaways

  • Twitter stock has returned to resistance at the IPO opening print for the third time in more than two years.
  • A rally above this level would target the 2013 all-time high in the $70s.
  • Buying interest has surged to an all-time high, raising the odds for a successful breakout.

The company acknowledged rumors of a subscription-based portal in August but asked for patience, noting, “We’re early in assessing subscription

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The pair pauses at 1.18 after some recent USD strength

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  • EUR/USD is trading -0.17% lower but the pair was 0.55% lower at one stage on Thursday.
  • The pair caught a bid close to 1.18 and has now settled 37 pips higher.

EUR/USD 4-hour chart

EUR/USD has bounced back from the session low to trade around 45 pips from the low point of the day. There has been lots of data but the risk theme seems to suggest that traders and investors are worried about the US government fiscal deal. Trump could come out at any moment and suggest a deal is in the works as he doesn’t like to see the stock markets fall. There was also lots of data on Thursday and the initial jobless claims narrowly missed analyst expectations.  The US Markit Services PMI for August printed at 55.0 vs the expected 54.7 but this did not do much to change the risk tone. Lastly, the market will

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U.S. weekly jobless claims below one million; but labor market recovery ebbing

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WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell below 1 million last week for the second time since the COVID-19 pandemic started in the United States, but that does not signal a strong recovery in the labor market.

The drop in initial claims to a five-month low reported by the Labor Department on Thursday largely reflected a change in the methodology it used to address seasonal fluctuations in the data, which economists complained had become less reliable because of the economic shock caused by the coronavirus crisis.

There are growing signs the labor market recovery from the depths of the pandemic in mid-March through April is faltering, with financial support from the government virtually depleted.

“There are new seasonal adjustment factors this week which brings down the joblessness slightly,” said Chris Rupkey, chief economist at MUFG in New York. “The labor market looks just

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Economic recovery stalls as consumers signal caution

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NEW YORK (AP) — The U.S. economy’s economic engine may be running out of fuel.

Consumer spending accounts for about 70% of the U.S. gross domestic product, making it the single most important factor in recovering from one of the worst recessions on record.

Spending plunged an unprecedented 12.9% in April, as stores and restaurants across the country closed and consumers sheltered at home.

The federal government’s $2.2 trillion aid package, including $1,200 direct payments to households and an additional $600 in weekly unemployment benefits, spurred the start of a spending rebound in May. But as autumn approached with no sign of an end to the pandemic and further aid tied up in Congress, consumers appeared to be retreating once more.

Analysts and economists are concerned that consumers will fall back and hunker down once again without any additional money from the government. The last round of direct aid and

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Driver training and auto insurance exposures in EMS

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By Fitch & Associates

In the constantly evolving world of commercial transportation, ambulance operations are seeing even more uncertainty in their fleet insurance options. From increasing rates to less market capacity, volatility in commercial auto, to increasing costs of claims, it is more crucial now than ever to learn what insurance companies look for in a top performing ambulance operation.

As part of the Pinnacle Webinar Series, National Interstate Insurance Company’s Shay McCullough and Katie McCartney will present “Understanding Commercial Auto Insurance for EMS Leaders,” a webinar sponsored by National Interstate Insurance with the assistance of Stryker, Cindy Elbert Insurance Services and Prodigy EMS, on Sept. 22, 2020, at 1 p.m. CDT.

Katie McCartney and Shay McCullough from National Interstate Insurance Company will present “Understanding Commercial Auto Insurance for EMS Leaders,” a webinar sponsored by National Interstate Insurance with the assistance of Stryker, Cindy Elbert Insurance Services and Prodigy EMS. (Courtesy photos)

Katie McCartney and Shay McCullough from National Interstate Insurance Company will present “Understanding Commercial Auto Insurance for EMS Leaders,” a webinar sponsored by National Interstate Insurance with the assistance of Stryker, Cindy Elbert Insurance Services and Prodigy EMS.
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Packaging Industry in Mexico Market Size, Share 2020 Outlook, Opportunities and Forecasts Report 2024| Says Market Reports World

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The MarketWatch News Department was not involved in the creation of this content.

Sep 03, 2020 (The Expresswire) —
Global Packaging Industry in Mexico Market 2020 :- report presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers, Production, Revenue, Supply, Consumption, Export, Import, Industrial Chain, Sourcing Strategy and Downstream Buyers and Packaging Industry in Mexico Market Growth Factors Analysis in the market. To strategically profile the key players and systematically analyse their growth strategies and Packaging Industry in Mexico Market Share in global regions.

Packaging Industry in Mexico Market Report Is In Packagingfield

Get a Sample PDF of report at –

Packaging Industry in Mexico Description :-

Packaging Industry in Mexico Market Overview
An enhanced and upgraded economic performance in the region, compounded by a progressively sophisticated consumer and a greater purchasing power, has molded the way of the packaging market in Mexico. The

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Toomey talks about economic impact of pandemic with local business leaders, officials | News

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DuBOIS — U.S. Sen. Pat Toomey discussed current legislative issues and the state of the economy with local officials and business owners during a roundtable meeting organized by the Greater DuBois Chamber of Commerce and held at the DuBois Regional Airport on Tuesday afternoon.

Toomey said he expects to see a new bill from the Senate for additional COVID-19 aid funding next week.

Toomey noted that legislation authorized through the Senate in March was more than $3 trillion, in addition to another $3 trillion authorized to Federal Reserve lending.

“That’s 30 percent of the entire annual income calculated in the United States of America — a massive, massive amount, across quite a wide range of programs,” said Toomey. “The way I think about it is there were three categories, three things we were trying to accomplish in that legislation.”

The first, he said, was to replace lost income.

“Back in

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UK is world’s fifth largest exporter of tech services

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a hand holding up a laptop computer

© Provided by City AM

The number of tech exports from the UK have surged in the past year, making it one of the world’s largest exporter of technology services. 

Last year UK exports of technology services grew to £23.3bn, sitting behind just India, the US, China and Germany in the global rankings.

Tech Nation’s ‘Unlocking Global Tech’ report published today reveals the UK’s digital tech services currently export a greater amount of goods than they import, generating a significant trade surplus of 55 per cent in 2019. This compares to the average global trade surplus of 48 per cent. 

This is in part driven by the relatively high number – 7,497 – of high growth exporting tech companies. 

The surplus has increased 68 per cent over the past four years, from £8.7bn in 2015 to £12.8bn in 2019, just behind the insurance sector (£16.9bn) and financial services (£43.4bn). 


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