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Union allows GM’s contract to expire, raising odds of a strike

Bloomberg The United Auto Workers (UAW) let its contract with General Motors Co expire after unsuccessful talks over an extension, setting the stage for a strike by the union’s 46,000 US workers. The UAW said it will work without a contract while it decides on a course of action. It had been bargaining with the largest US automaker before a ...

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WeWork plows ahead with IPO, announces governance changes

Bloomberg WeWork is pressing ahead with plans for a public listing, announcing a series of governance changes aimed at shoring up a sagging valuation and assuaging critics who say it gave too much power to a polarising co-founder. The company will trim the voting advantage that gives chief executive officer Adam Neumann sway over the board, and no member of ...

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Merkel’s drive to slash CO2 output may cost $44bn

Bloomberg Policies being hammered out in Germany to slash carbon emissions may cost 40 billion euros ($44 billion) over the next four years, underscoring the wide scope of Chancellor Angela Merkel’s plans to boost climate protection. Meeting in Berlin, party leaders from Merkel’s alliance progressed in agreeing steps to ensure that Germany meets a 2030 emissions target, according to a ...

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