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Panama tribunal rejects holding mine deal referendum
Panama tribunal rejects holding mine deal referendum
by  AFP

Panama's electoral tribunal on Monday dismissed the idea of organizing a referendum in December on a mining contract that has ignited countrywide protests. "At this time, the conditions are not in place to organize a... popular consultation," the court's president Alfredo Junca told reporters Monday, in reference to the very unrest the referendum was meant to quell.

US auto workers union reaches tentative deal with GM
US auto workers union reaches tentative deal with GM
by  AFP

The US auto workers union reached a tentative agreement with General Motors on a new labor contract Monday, a source close to negotiations told AFP, paving the way to ending a six-week strike at major car manufacturers. The in-principle pacts still need to be ratified by workers in a vote, in a process that could take two weeks, a source close to negotiations earlier said.

HSBC profits surge on higher interest rates
HSBC profits surge on higher interest rates
by  AFP

Banking giant HSBC on Monday posted surging profits for the third quarter as lenders pass on interest-rate hikes carried out by central banks. The London-listed lender added Monday that third-quarter revenue jumped 40 percent to $16.2 billion in the third quarter year-on-year.

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