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company s income and earnings both fell by more than 20% in the past quarter compared to the past quarter compared to the same period last year. it is a big number but not totally unexpected because the company been slashing prices of its top selling cars over the past year. more from new york. bringing in 20% less income is well, not good, what has helped the electric car maker is that it warned wall street this was coming. so it didn t come as a complete surprise, given tesla cut prices on its top selling cars several times last year, and in fact did it again this week. tesla is grappling with higher borrowing costs for consumers, slowing demand for their cars and so much more competition in the electric car market. the price cuts did the trick, the company saw a 36% jump trick, the company saw a 36% jump in deliveries, but the price cuts also mean that the profit margins on each car sold have gotten smaller. staying with the car sector because jaguar land rover is in ....
hello and welcome. president macron s government is set to announce a major reform in france s pension system later today in a move that could prove very unpopular with the majority of its people. when the proposals were first mooted before the pandemic, large nationwide strikes paralysed the country and hundreds of thousands of workers took to the streets to protest. france has one of the lowest retirement ages in the world, and at 14% of economic output, its pension system also costs more than most other countries. under the proposals being announced later, the current system for calculating pensions and the retirement age of 62, will be changed. joining me now is tomasz michalski, economics professor at hec paris. welcome and thank you for being with us. how important is it for president macron to get these proposals past? it is for president macron to get these proposals past? it is a very important these proposals past? it is a very important thing - these proposals pa ....
This comes, of course, after an incident injanuary this year, when an unused door blew out soon after take off on an Alaska Airlines 737 max, sparking multiple investigations into boeings safety culture. Boeing ceo, dave calhoun, who took over in 2019, after the previous boss was fired, has announced hes leaving at the end of the year. But who will take on the role, now described by some as the toughestjob in Corporate America . Some shareholders want to see a new face from outside the firm. And there is another bone of Contention Boeing Has disclosed mr calhoun was awarded a pay deal of almost 33 Million Dollars this year up 45 on last year. Thats despite a steep fall in the share price. He may not get the full amount of share options, though, if he doe ....
Further complicate evegrande s restructuring. Sol so i think with the chairman of ever grand arrested, the talk with creditors is going to take a much longer time. With the Police Investigation ongoing, creditors will need to wait for a longer time until the Police Investigation results come out. They have negotiated with the company for over two years com pa ny for over two yea rs about company for over two years about the terms of the restructuring, but the restructuring, but the Restructuring Plan rings more trouble as they have denied to issue the shares for ever grand. Totally different Restructuring Plan or they need to wait for an even longer time, by the investigation by the police will come out. Investigation by the police will come out. ....
The labour is asking for a Wage Increase of about 36 . The management has offered about 20 . So there is a big gap between the two sides. The Labour Unions have thrown out some almost fantastical wants such as a return to a normal Pension System and even four day work week. These are kind of real outliers there in the Global Industry that would take the unionised American Workers into the kind of uncharted territory. If you bring in the asian perspective, what are the things that have been done differently here for you to make any comparisons . How do we draw those comparisons as a strike lays out . For background, what you are seeing in the United States ....