1. Ford says it will cut 7,000 jobs
Ford announced Monday that it would cut 7,000 white-collar jobs to reduce costs. The automaker said it would start notifying affected workers on Tuesday. The cuts amount to about 10 percent of Ford's global salaried staff. The company expects to save about $600 million a year. About 2,400 of the eliminated jobs will be in North America. The cuts, announced in a letter from CEO Jim Hackett to employees, came as Ford executes a massive restructuring and spends $11 billion to remake its business in a bid to increase international sales and modernize its vehicle models. General Motors in November announced that it was slashing 8,000 non-union jobs, or 15 percent of its salaried and contract employees.
2. Google to work with Huawei for 90 days after U.S. eases crackdown
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
3. Markets track shifting signs on Huawei, China trade
4. Home Depot reports better than expected quarterly results
5. Game of Thrones finale sets HBO ratings record
-
What does the Le Pen verdict mean for the future of French politics?TODAY'S BIG QUESTION Convicted of embezzlement and slapped with a five year ban on running for public office, where does arch-conservative Marine Le Pen go from here — and will the movement she leads follow?
-
Discount stores were thriving. How did they stumble?The Explainer Blame Walmart — and inflation
-
Kaja Kallas: the EU's new chief diplomat shaping the future of European defenseIn the Spotlight Former Estonian Prime Minister's status as an uncompromising Russia hawk has gone from liability to strength
-
'Like a sound from hell': Serbia and sonic weaponsThe Explainer Half a million people sign petition alleging Serbian police used an illegal 'sound cannon' to disrupt anti-government protests
-
The arrest of the Philippines' former president leaves the country's drug war in disarrayIn the Spotlight Rodrigo Duterte was arrested by the ICC earlier this month
-
Ukrainian election: who could replace Zelenskyy?The Explainer Donald Trump's 'dictator' jibe raises pressure on Ukraine to the polls while the country is under martial law
-
Why Serbian protesters set off smoke bombs in parliamentTHE EXPLAINER Ongoing anti-corruption protests erupted into full view this week as Serbian protesters threw the country's legislature into chaos
-
Who is the Hat Man? 'Shadow people' and sleep paralysisIn Depth 'Sleep demons' have plagued our dreams throughout the centuries, but the explanation could be medical
-
Why Assad fell so fastThe Explainer The newly liberated Syria is in an incredibly precarious position, but it's too soon to succumb to defeatist gloom
-
Romania's election rerunThe Explainer Shock result of presidential election has been annulled following allegations of Russian interference
-
Russia's shadow war in EuropeTalking Point Steering clear of open conflict, Moscow is slowly ratcheting up the pressure on Nato rivals to see what it can get away with.
