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Renault SA is preparing to unveil a plan to eliminate 15,000 jobs worldwide over three years as part of cost reductions aimed at outlasting the downturn that has rocked the global auto industry, according to a union representative.To get more news about WikiFX, you can visit wikifx news official website.

　　The plan includes 4,500 jobs in France that will be cut through attrition and voluntary retirement, Franck Daout, a spokesman for the CFDT union, said on BFM Business Thursday following meetings with management. The carmaker has scheduled an announcement Friday on how it will lower fixed costs by 2 billion euros ($2.2 billion).

　　“All the job reductions and reorganization of sites will take place through negotiations with the government and unions,” Daout said, adding that management “really emphasized this.” A spokesman for Renault declined to comment.Earlier in the week, Daout said five sites were threatened in France with possible closure including Choisy-le-Roi, Dieppe, Flins, Caudan (Fonderie de Bretagne) and Maubeuge.

　　The measures will cap a decisive week for Renault and its Japanese partners Nissan Motor Co. and Mitsubishi Motors Corp. as they navigate a slump in consumer demand and factory shutdowns spurred by the coronavirus pandemic.

　　The French carmakers plan comes on top of one by the three-company alliance to lower development and production costs and another by the government in France to boost vehicle sales with consumer incentives and a cash-for-clunkers scrappage program.Renault has been at the center of a political maelstrom in recent weeks over its plans to downsize in France while at the same time seeking a state-backed loan of 5 billion euros to bolster reserves. French Finance Minister Bruno Le Maire warned Thursday he wouldn‘t sign the check until he had examined the company’s strategy “site by site, job by job,” with closures being “a last resort.” At the same time, he said Renault‘s manufacturing capacity is roughly three times what’s needed this year.

　　The government is Renaults most powerful shareholder and has representation on its board. In exchange for the auto-industry stimulus package, the state has called for manufacturers to commit to keeping production and research in France. Renault and rival PSA Group have pledged to increase local production of electrified vehicles and components.

　　“If we do nothing, Renault is in danger,” Le Maire has said. While pledging to stand by the company, he has urged the automaker not to close the Flins factory and give careful consideration to the situation at Maubeuge and Douai.

　　To qualify for the government‘s support, Renault scrapped its dividend. It burned through 5.5 billion euros in the first quarter, bringing its liquidity down to 10.3 billion euros at the end of March. Renault’s incoming CEO, Luca de Meo, is scheduled to take the helm in July.

From call centers to hotels to airlines, Indias key services industries have come to a standstill during the coronavirus outbreak, dragging the economy into possibly its worst recession on record.To get more news about WikiFX, you can visit wikifx news official website.

　　Businesses providing services of everything from technology to travel and trade were the first to be hit when the government took unprecedented steps to lock down a nation of 1.3 billion people to stem the pandemics spread. Unlike manufacturing-heavy economies like China and South Korea, in India, the services sector accounts for 55% of gross domestic product -- and the slump in output has had ripple effects on jobs and economic growth.

　　GDP data on Friday will probably show growth cooled in the three months through March to 1.6% from 4.7% in the previous quarter. With services taking a knock, banks like Goldman Sachs Group Inc. see the economy contracting a record 5% in the current fiscal year that began April 1.


At 5.4, India‘s main services index had the world’s worst reading in April, an “astonishingly low” figure, said Priyanka Kishore of Oxford Economics. “The hit to services might end up being similar to manufacturing, as opposed to previous episodes of demand shocks when services remained largely unscathed.”

　　The pandemic poses a challenge for companies such as Infosys Ltd. and Tata Consultancy Services Ltd., who are part of India‘s $181-billion IT services industry that builds software and provides services to some of the world’s biggest banks and retailers. While Infosys and smaller rival Wipro Ltd. refrained from projecting full-year revenue, TCS reported a 1% slip in quarterly profit.

　　Kishore sees sectors that rely more on social interactions, such as hospitality and entertainment, enduring the most pain.

　　Jobs Lost

　　Services emerged as the key employment growth engine before the crisis hit, with the sector even outperforming agriculture and industrial expansion when the economy was slowing last year. The lockdown though has forced businesses offering services like ride-hailing, food delivery, hotel bookings and real estate to cut jobs in recent weeks. About 122 million people were out of jobs in April alone, according to estimates by the Center for Monitoring Indian Economy Pvt.

　　“The tourism industry will witness an unprecedented scale of job losses,” said Patanjali Govind Keswani, chairman and managing director of Lemon Tree Hotels Ltd. “Currently 60% of branded hotels in India are shuttered while the remaining 40% are operating with less than 10% of revenues.”

　　Read: Green Shoots Emerge in World Economy as Virus Lockdowns Ease

　　While a new set of daily activity gauges from Bloomberg Economics suggest the worst may be over as governments ease lockdowns, theres no strong rebound yet. India has allowed businesses to begin gradually reopening since April 20, but a shortage of workers has made it difficult to resume operations fully. The lockdown left millions of migrant workers stranded around the country without access to incomes, while millions more fled to their villages and are reluctant to return to the cities.

The sentiment-linked Australian Dollar and similarly-behaving New Zealand Dollar could be at risk of turning lower after a relatively mixed session. On Thursday, the Dow Jones and S&P 500 closed -0.58% and -0.21% respectively after wiping out gains as much as 1 percent. The Euro outperformed as markets digested the European Commission proposing an ambitious recovery fund as the haven-linked US Dollar declined.To get more news about WikiFX, you can visit wikifx news official website.

Investors turned risk averse after US President Donald Trump announced that he will hold a news conference later today on China. This follows Chinese legislatures voting to endorse a proposed security law for Hong Kong. In recent weeks, escalating tensions between the worlds largest economies have been likely adding an additional layer of uncertainty to the road to recovery from the coronavirus outbreak.

　　This development likely overshadowed earlier optimism on US continuing claims unexpectedly dipping to 21.05m for the week ending May 16 against the anticipation of a 25.68m outcome. As this data is more timely, markets may have overlooked the second estimate of local first-quarter GDP which was revised softer to -5.0% q/q from -4.8% anticipated.

　　Fridays Asia Pacific Trading Session

　　A consequence of Trumps news conference later today is that it could leave financial markets in limbo as investors struggle to price in the exact outcome. There is also the question of what Beijing could do as countermeasures in the event Washington pushes for bold action, such as economic sanctions or tariffs. China is Australias largest trading partner, and it may have to brace for the knock-on risks of tit-for-tat exchanges.

　　Australian Dollar Technical Analysis

　　It is thus unsurprising perhaps that AUD/USD has left behind a Doji candlestick on the daily chart below. This pattern is a sign of indecision which typically carries greater significance when it occurs at peaks or troughs. In this case, the emergence of the Doji just under key resistance – a range between 0.6645 – 0.6685 – could speak to a potential top in the works. Follow-through is critical when it comes to theses candlestick patterns. A turn lower through support at 0.6624 exposes lows from the beginning of this month.      

Battling Archimonde’s army upon Mount Hyjal, leading Arthas to the Frozen Throne, following steps of Gul’Dan we just enjoyed traveling across the Azeroth and completing one quest after another. When playing awesome Warcraft video game we had little to no idea what’s coming. A small glimpse of genius born in 1994 in Blizzard Entertainment developers minds introduced by far the biggest global MMO gaming phenomenon in history, as in 2018/2019 there were over 10 mln registered accounts. To get more news about <b>WoW Gold Classic Cheap</b>, you can visit lootwowgold news official website.

And even though fighting against Burning Legion in PC game was an amazing experience, still it’s MMO version is no less exciting. Just form a raiders guild and after a couple of raids against former Eredar, now Nathrezim demon called Kil’jaeden, you’ll notice the difference. And there are even more like Jaina Proudmoore, Lady Vashj, Sargeras, Deathwing and most recently Queen Azshara.
WOW GOLD FARMING
A couple of years ago, when WoW was growing like a baby on steroids, many players saw a potential to not only excel in the game itself but also do something with their lives. They’ve started to farm an immense amount of virtual coins to sell it later on. The term "gold farming" was soon implemented as a commonly used term to describe the practice. So yes - if we’re are talking about farming gold World of Warcraft has carved the path for other MMO powerhouses.This alone shows how big the business is. Big enough to make huge companies pop-up at a rate of rabbits breeding in the wild.

HOW TO GET LOTS OF GOLD IN WORLD OF WARCRAFT
This topic causes red hot discussions to erupt throughout the Internet and place like Reddit are burning from a tension. Every WoW player needs gold in order to buy the best items, armor, mount (or collect mounts) or just a token.

There was no magic way of becoming rich in Burning Crusade, Warlords of Draenor or Legion. There is none in Battle for Azeroth or any other expansion that is yet to come. Everything takes time and hard work, sweat, and blood. But there are a couple of things you can do.
GRINDING
This includes pure farming and crafting with its main focus around professions. There are more than enough profession guides on making gold in WoW. Sometimes one may think, that some people know better how to make money in World of Warcraft than in the real world.

However, making digital gold in WoW can earn you some real money as well. We’ll get to that later on.Pure farming is something that requires a lot of patience and self-control. Collecting herbs, ores, skins or fishing for a couple of hours day after day may eventually bore you to death. But the money is there, as more than one player is able to make a living out of it, and living costs. 

Now that the launch of official Vanilla server was announced by Blizzard, classic World of Warcraft enthusiasts are more than excited to go back to the times before patch 1.2, when their beloved game got updated. The popularity of Nostalrius and Elysium couldn’t come by unnoticed. Things were different back then, but so interesting, that it’s worth bringing back some memories. And this time we’re reminiscing the OG Warrior class.
Warrior is almost a synonym of Warcraft. Wherever the war is being waged, there are warrior. These are the primary fighters right in the center of the battle, either taking or dealing damage. Every major video game has its own version of hard to kill melee dps monsters. We’d even risk a statement that in the very beginning of World of Warcraft Warrior was the most popular class. And perhaps even still is.To get more news about <b>Buy WoW Gold Safe</b>, you can visit lootwowgold news official website.
Warrior is one of the most recognizable classes in the Vanilla version of World of Warcraft. These heavy plated killing machines were known for their damage and tanking potential. As Death Knight class is absent in Vanilla, it’s not even close in terms of tanking prowess. Although they are remembered as one of the best classes to play during Classic World of Warcraft days it is not as obvious class choice as many may think. In this Wow Classic Warrior Guide class in Vanilla World of Warcraft will be precisely talked about. This article will help you determine if you want to play him or not, what race to choose, which build will be best and other details. 

A man probably hoped to hit it big when he recently went to buy lottery tickets. But the clerk made a mistake that ended up being a big payout.Get more news about 彩票免费包网,you can vist loto98.com
The man, whose name has not been released, had to get air in his tire, so he stopped at a gas station in suburban Detroit. He needed to get change for the air pump and while he was there, he asked the clerk for a $10 Michigan lottery scratch-off ticket, The Associated Press reported.
But the clerk ripped off a $20 ticket instead. The man said he decided to bank on the mistake and when was done scratching off the play area, he was a millionaire, winning $2 million, the AP reported.Instead of taking the jackpot over the years, the man decided to take the lump sum which totaled $1.3 million.
A Killeen resident, who elected to remain anonymous, recently claimed a $1 million prize from a scratch-off lottery ticket, according to the Texas Lottery.

The ticket was part of the $200 million cash game, a news release said.The winning ticket was purchased at a Cefco at 3905 S. Clear Creek Road, in Killeen.

Overall odds of winning any prize on a ticket in this specific game are one in 3.91, the release said.It is the seventh of eight $1 million prizes from the game to be claimed. 

About an hour after the death of Stanley Ho, the billionaire who built the Chinese territory of Macao into the world’s biggest gambling hub, his large clan gathered in front of the Hong Kong Sanatorium & Hospital to break the news. They were also there to send a clear message of unity.To get more news about <b>stanley ho daughter</b>, you can visit shine news official website.

The 98-year-old tycoon fathered 16 recognized children with four women he considered wives. Outside the hospital in front of cameras and journalists, it was Pansy Ho — the 57-year-old eldest daughter of his second wife — who was given the honor of announcing his passing as they flanked her.Ho, a former socialite, is already chairman of one of Macao’s biggest conglomerates and co-chairman of casino operator MGM China Holdings Ltd., having become her father’s favored successor years ago.

With the death of the trailblazer who catapulted Macao past Las Vegas to become the world’s gambling epicenter, the pressure is now on her to unite the interests behind the Ho family’s $15 billion fortune, rejuvenate an aging casino franchise and lead the empire through the coronavirus pandemic that’s caused gambling revenue to plunge by more than 90 percent.

And with a fractious family held in check only by a delicate balance of power, Ho will need to chart a careful path forward.

“While Stanley was alive, things were in limbo — it would have been disrespectful for someone to take the helm,” said Ben Lee, Macao-based managing partner at gaming consultancy IGamiX. “Now that he has gone, what we’ll ultimately see is one person leading a reincarnated Ho empire. This paves the way for Pansy.”

A significant new alliance created last year gave Pansy Ho and her allies control over the family’s core casino franchise, SJM Holdings Ltd. None of the other children or three surviving wives have publicly contested the agreement, though investors and analysts remain wary of internal tensions.

With her father’s passing, Pansy Ho is now expected to consolidate control over a complicated network of business interests, which include 20 casinos under SJM’s umbrella, the Chinese arm of American casino operator MGM Resorts International, and even the ferry and helicopter routes that link Macao and Hong Kong.

That would be a challenge in boom times. But Macao is now in the midst of a historic free-fall due to the pandemic, with basically empty casinos losing more than $1 million a day.

Gaming revenue plummeted by a record 97 percent last month compared with the same period a year ago, and a recovery is unlikely as long as virus containment measures prevent Chinese travelers — the enclave’s lifeblood — from entering the territory. 

Luckin Coffee has replaced co-founder and (now ex-) chairman Charles Zhengyao Lu, despite his efforts to maintain control over the troubled Beijing-based coffee chain. The company disclosed in an SEC filing on Monday that Jinyi Guo, another co-founder, board member and former acting chief executive of Luckin, has been appointed as its new chairman and chief executive officer.To get more <b>luckin coffee news today</b>, you can visit shine news official website.

In today’s SEC filing, Luckin also said a total of four directors have left the board (Lu, David Hui Li, Erhai Liu and Sean Shao) and two new independent directors have been appointed. The new additions are Jie Yang, vice dean of the business school at the China University of Political Science and Law, and Ying Zeng, who was a partner at law firm Orrick Herrington and Sutcliffe and previously served as El Paso Corporation’s vice president and country manager for China.

The company’s disclosure comes after weeks of strife during which Lu sought to hold onto control of Luckin. Earlier this month, an attempt by Luckin Coffee’s directors to remove Lu as chairman failed to get enough votes during a board meeting.The proposal to oust Lu was made on June 26 after an internal investigation found that Luckin Coffee’s net revenue in 2019 was inflated by about RMB 2.12 billion (US $300 million) and that fabrication of transactions began in April 2019, with Lu, former chief operating officer Jenny Zhiya Qian and several other employees participating in the false reports.

Luckin Coffee disclosed last month that Nasdaq had decided to delist the company, a spectacular fall from grace after it raised $651 million in its United States public offering in May before allegations of fraud caused its stock to plummet. 

Close observers of Chinese companies were able to see "from very early on" that Luckin Coffee was engaged in fraud, Anne Stevenson-Yang, research director at J Capital Research, told CNBC on Monday.To get more news about <b>luckin coffee stock price</b>, you can visit shine news official website.

What Happened: China-based Luckin Coffee showed investors tremendous growth prospects when it was an American-listed company.The company's stock was ultimately delisted from the Nasdaq exchange due to 2019 sales that were fabricated to the tune of around $310 million.

This lesson serves as a "great morality tale" for markets, as not enough action is being done to protect American investors from foreign stock frauds, Stevenson-Yang told CNBC.

What makes the scandal even more concerning is that there is "no penalty for fraud" in China, she said, adding that Chinese companies benefit from "all sorts of incentives to raise money on public markets in China."

Why It's Important: This issue of rampant Chinese fraud was made obvious in 2012 with the release of the film "China Hustle," the analyst said. During the time period of the early 2010s, there was a surge in "China Hustle companies" engaged in "obvious frauds," she said.

What's Next: Simply put, U.S. auditors need to have "immediate and thorough access" to Chinese audit papers, the analyst said.If access is not granted, the Chinese-listed stock in question needs to be "immediately" delisted from the American exchange, Stevenson-Yang said. 

As forex Traders we are always trying to get an edge in our pursuit of increased profitability. We study the charts and look for those setups that get us really excited. We have our risk management in place, proper position sizing and we have a target, that if met, will generate a nice risk/reward ratio that over time will make a generous amount of pips. We‘re well on our way to a profitable career as a Currency Trader. We’re all set….To get more news about WikiFX, you can visit wikifx news official website.
　　Yes, BUT, I would submit that you forgot one of the most important things to consider before you even look at a chart. The fact that you are pairs traders, implies that you are long one currency and short another currency, hence a currency “pair”. Have you thought about what pair you have picked and why it might not be the BEST pair to trade？
　　Unless your analysis starts with relative strength and weakness first, you might not be in the most uncorrelated currencies to give you the biggest move based on what you thought was a good setup on a chart.


　　When you are able to group the JPY pairs together and identify the % change on all 7 pairings, it will give you a snapshot of the strongest and weakness currencies at the present time. You are then able to determine the pair that has the best odds of providing the biggest move when there is the catalyst to provide energy in the pair.
　　Because every trade is a relative value trade, you can simply look at the % change and can quickly identify the pair that will give you the potential biggest move for a specific currency in play.
　　For example, if there is news on the USD, what currency would you use to pair against the USD to give you the biggest move if the news is bullish or bearish？ Truth is, it won‘t be the same pair. If it’s a bullish USD, then one of the other 7 currencies will be the weakest and if bearish, one will be the strongest.
　　By grouping the JPY pairs and identifying the most uncorrelated currencies, you can take your trading to the next level. Yes, you can be profitable without this analysis, but I would submit that it will help move the odds further in your favor and increase your risk/reward ratio.
　　As Traders every time we can give ourselves a better edge and move the odds in our favor, thats a winning strategy.