Heena Sharma Blog

General Motors is expected to announce on Monday the closure of a factory in the Canadian city of Oshawa, putting almost 3,000 jobs at risk, Canadian channel CTV reported. The decision is linked to the American automaker's plans for a comprehensive global restructuring, the channel reported Sunday, citing multiple anonymous sources. The plant in Oshawa , about 60 kilometres (40 miles) northeast of Toronto, was built in 1953, according to the manufacturer's website. It currently employs approximately 2,800 people and assembles Chevrolet and GMC pickups as well as Chevrolet Impala and Cadillac XTS sedans. "I'm hoping it's just a rumour," Oshawa Mayor John Henry said. "Until we hear something, we don't know." GM has three other sites in the province of Ontario. It is unclear whether they will also be affected. Last month, the company announced plans to reduce its workforce across North America to save money through volun...

Tesla Inc said board member Robyn Denholm will replace Elon Musk as its chair, more than a month after the billionaire had to step down as the electric-car maker's chairman as part of a settlement with U.S. regulators. Tesla had until Nov. 13 to name an independent board chairman under the settlement with the U.S. Securities and Exchange Commission, which said Musk's tweets about taking the company private were fraudulent and that the billionaire could retain his role as CEO but should quit as chairman. Musk said in August he was considering taking Tesla private in a $420 a share and that he had secured funding for a deal that was later scuttled but attracted scrutiny from several government agencies. The appointment of Denholm caps months of turbulence for the company and its stock and investors called for stronger oversight of Musk, whose recent erratic public behavior raised concerns about his ability to steer the company through a rocky phase of growth. ...

   The decision to violate and withdraw from the Iran anti-nuclear  deal is one of the most dangerous foreign policy blunders in recent  memory International News : President Trump’s decision to violate and withdraw from the Iran anti-nuclear deal   is one of the most dangerous foreign policy blunders in recent memory, setting the stage for a war that one analyst has noted could “make the Afghan and Iraqi conflicts look like a walk in the park.” The decision to go back on a U.S. commitment to a deal that even U.S. Central Command chief Gen. Joseph Votel and Secretary of Defense James Mattis have acknowledged were working is the ultimate unforced error, and the potential consequences could not be more dire. Donald Trump is crowing about keeping his promise to scuttle the deal, but this is one promise that should never have been made. The results of yesterday’s decision could include a greater chance that Iran will decide to acquire a nuclear weapon, ...