Australia Adds More Flights to Bring Stranded Citizens Home
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Prime Minister Scott Morrison’s government is adding more commercial flights from the U.K., India and South Africa and boosting quarantine places so that more Australians stranded overseas by the pandemic can return home.
Morrison saidQantas Airways Ltd. will provide eight flights over coming weeks from London, New Delhi and Johannesburg. Australia’s capacity to let citizens and permanent residents back into the country has been constrained, as all returned travelers have to undertake quarantine in hotels for 14 days.
An additional 5,000 quarantine places will be available over the next six months under an agreement with the Northern Territory government to open up a facility near Darwin.
There are more than 29,000 Australians currently registered with the Department of Foreign Affairs and Trade wishing to return home.
Remy Cointreau Group Acquires Majority Stake In Champagne J. De Telmont – Quick Facts
The Remy Cointreau Group has acquired a majority stake in Champagne J. de Telmont, including its brands, inventory, production facilities and property assets on its estate as well as vineyards in the Champagne region. The family-owned J. de Telmont champagne house is located in Damery, near Epernay, on the slopes of the Marne valley, where it develops champagnes under the J. de Telmont brand.
Eric Vallat, CEO of Remy Cointreau, said: “This acquisition adds to the Group’s portfolio a craft champagne brand that offers tremendous growth potential and shares the same values of terroir, people and time as its other Houses.”
Volvo Group Q3 Adj. Operating Income Declines; Adj. Net Sales Down 16%
Volvo Group reported that its third quarter net income to owners declined year-on-year to 5.72 billion Swedish kronor from 7.45 billion kronor, last year. Earnings per share was 2.81 kronor compared to 3.67 kronor. Adjusted operating income was 7.22 billion kronor compared to 10.89 billion kronor, previous year. The Group said the the lower adjusted operating income year-over-year is mainly an effect of reductions in vehicle volumes and lower capacity utilization in the industrial system, which were partly offset by good cost execution across the Group.
Third quarter net sales were 76.85 billion Swedish kronor compared to 98.72 billion kronor, prior year. Adjusted for currency movements, net sales were down 16%, for the quarter. Vehicle sales declined by 21% adjusted for currency movements, primarily related to North America and Europe. Adjusted for currency movements, service sales were down 1%.
“The weak order intake in the previous quarter impacted the Group’s net sales in third quarter. Our service business is more stable, with currency-adjusted revenues coming down by only 1% compared to third quarter last year and with a sequential improvement. Despite the sales decline we achieved an adjusted operating margin of 9.4% thanks to significant cost reductions,” said Martin Lundstedt, CEO.
Ford's quarterly China sales rise 25% from year ago
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Ford Motor Co on Friday said its China sales rose 25% over July to September from the same period a year earlier to 164,352 vehicles, attributing the increase to product launches and a localization strategy.
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|F||FORD MOTOR COMPANY||7.62||+0.05||+0.66%|
The result represents Ford's second consecutive quarterly sales increase in the world's biggest auto market following almost three years of decline.
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The Dearborn, Michigan-based firm makes vehicles in China through joint ventures with Chongqing Changan Automobile Co Ltd and Jiangling Motors Corp Ltd.
On Monday, U.S. rival General Motors Co said its China sales grew 12% in July-September to 771,400 vehicles.
Overall vehicle sales in China grew 13% in September, 12% in August and 16% in July.
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(Reporting by Yilei Sun and Brenda Goh; Editing by Muralikumar Anantharaman and Christopher Cushing)
‘2 Different Planets’: Twitter Users Roast Dueling Trump-Biden Town Halls
President Donald Trump and Democratic presidential nominee Joe Biden took part in dueling town hall events on Thursday night.
The two televised Q&A sessions were held after Trump backed out of a debate that had been scheduled between the two when organizers switched to a remote format after the president’s recent coronavirus diagnosis.
On NBC, Trump refused to denounce the QAnon conspiracy theory and made up false statistics about face masks. On ABC, Biden delivered lengthy answers on issues ranging from climate change to support for people of color.
Twitter users couldn’t get over the contrasts:
We want to know what you’re hearing on the ground from the candidates. If you get any interesting ― or suspicious! ― campaign mailers, robocalls or hear anything else you think we should know about, email us at [email protected].