After General Motors announced their decision to make major job cuts and halt production in the US and Canada, President Trump commented he is ‘looking at cutting all GM subsidies.’ Following Trump’s statement, GM’s shares dropped more than 3% on Tuesday. Canadian Prime Minister Justin Trudeau and President Trump discussed the cuts during a phone call.
Popular British radio host Gavin Ford was found dead at his home in Lebanon on Tuesday. Ford hosted a breakfast show for the Lebanese station Radio One. Security sources have indicated that Ford’s death appears to be murder. Sources claim Ford was strangled with his hands behind his back. Lebanese police have started an investigation.
At least 23 people were killed and 22 injured on Wednesday when a series of explosions occurred during delivery of acetylene to a Chinese chemical manufacturer. The series of chain reaction explosions left 50 vehicles damaged. The explosions took place near a chemical plant in China’s northern Hebei province. Authorities say all fires were extinguished.
Mexico’s government announced on Tuesday that Jared Kushner the son-in-law of President Trump will be bestowed with the country’s top honor for foreigners. Kushner will join the Order of the Aztec Eagle due to ‘his significant contributions’ to a new North American trade pact finalized in August. Kushner will receive the award on Thursday.
Australia’s largest city Sydney was hit with torrential downpours and strong winds on Wednesday causing flooding, loss of electricity, and chaos for commuters. At least two deaths were caused by the storm. This is the heaviest November rain the city has experienced since 1984. Over 100 flights were canceled or delayed at the international airport.
It has been revealed that Jack Ma the founder and executive chairman of Chinese e-commerce company Alibaba is a member of the Communist Party. Concerns are increasing about the Communist Party’s control of the private sector under President Xi Jinping. Ma has reportedly been a member of the political party since the 1980s.