Global Markets: Auto jobs cut in Europe/UK

By Commodity News Service Canada

WINNIPEG, Jan. 10 (CNS Canada) – The following is a glance at the news moving markets in Canada and globally.

– Election results in the Democratic Republic of Congo are being questioned after it was announced Thursday that opposition leader Felix Tshisekedi won the vote, held Dec. 30. Runner-up Martin Fayulu has called the results an “electoral coup,” while Catholic Church observers said their numbers did not match the official results and instead showed Fayulu winning. The candidate officially supported by outgoing president of 18 years, Joseph Kabila, came in third. Protests were reported in some areas of the country.

– Jaguar Land Rover announced plans to cut 10 per cent of its workforce in the United Kingdom, or about 4,500 jobs, as the automobile maker deals with declining demand from China. Ford Europe announced similar job cutting measures, as the company is working to restructure its European operations.

– Four men are on trial in Berlin for the theft of a 100-kg Canadian gold coin worth millions of dollars. The Big Maple Leaf coin was stolen from a museum in 2017, and was believed to have been cut up and sold as pieces.

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