Business and Economy

Business and Economy Latest News

Volkswagen workers head towards strikes from December
Volkswagen workers head towards strikes from December
by  AFP

Volkswagen workers in Germany took a step closer to strike action on Thursday, after unions and management met for the third round of talks over the ailing carmaker's drastic cost-cutting plans. Union negotiator Thorsten Groeger told reporters after the talks that the management side had agreed to evaluate the plans and continue talks "on this basis".

Sales of existing US homes rise in October
Sales of existing US homes rise in October
by  AFP

Sales of previously owned homes in the United States picked up in October, industry data showed Thursday, fueling hopes that a slump in the sector may be ending. A key reason that home sales stalled in recent times is that homeowners have been reluctant to enter the market and sell their properties, as they had locked in lower mortgage rates previously.

Energy

Money

Industry

Technology

Economy