Leaders of the United Auto Workers (UAW) turned up the pressure on General Motors Co on Sunday, ordering 850 maintenance workers at five GM facilities to walk off the job ahead of a meeting in Detroit on whether to call a wider strike.
Saudi stocks plunged 2.3% as the market opened on Sunday, after attacks on two plants at the heart of the kingdom’s oil industry a day earlier knocked out more than half of Saudi crude output.
The Trump administration said on Saturday it stood ready to tap U.S. emergency oil reserves if needed after attacks in Saudi Arabia shut more than half the crude output in the world’s largest oil exporter.
Facebook has removed a Conservative Party advert which misrepresented a BBC News story.
The ad carried a BBC logo and headline saying “£14 billion pound cash boost for schools” – despite the story it linked to putting the figure at £7.1bn.
The social media giant say the Tories had “misused” its advertising platform and it was working to stop headlines being changed in this way.
The party has said it is reviewing the way its Facebook adverts are produced.
The advert started running on 2 September following a government announcement on new funding for primary and secondary schools in England.
Clicking on the ad took readers to a story on the BBC News website by Sean Coughlan, with the headline “Multi-billion pound cash boost for schools”.
Analysis in the story queried the government’s claims about its additional funding, with the BBC’s head of statistics, Robert Cuffe, explaining the government was not calculating the spending increase in the usual way.
The spending announcement provided an extra £2.6bn next year, £4.8bn the year after that and £7.1bn in 2022-23.
Added together that makes £14bn, but it is not how spending increases are normally worked out, Mr Cuffe said.
Because budgets are normally discussed for individual years, he said the usual practice is to measure the spending increase for one year – usually the last where the increase is the largest.
Fact-checking charity Full Fact said various versions of the advert with the altered headline had received between 222,000 and 510,000 impressions – although these can include multiple viewings by the same person.
It was already known that the adverts were no longer being run but Facebook has confirmed this was because it had taken the decision to deactivate them.
However, it said they will be kept on show in their ads library “so people can see how our tools were misused”.
A Facebook spokesperson added: “We are working to put safeguards in place to ensure publishers have control over the way their headlines appear in advertisements.”
An earlier statement from the Conservative Party said: “It was not our intention to misrepresent by using this headline copy with the news link, where the BBC’s £7bn figure is clearly displayed, but we are reviewing how our advert headlines match accompanying links.”
Saturday’s attacks on key Saudi Arabia processing plants will test the world’s ability to handle a supply crisis as it faces the temporary loss of more than 5% of global supply from the world’s biggest crude exporter.
An attack on Saudi oil facilities on Saturday is believed to have disrupted half the country’s production capacity, making the United States the only real holder of the global supply cushion via its ability to raise own output or to soften sanctions against other major oil producers.
(In September 12 story, corrects name of European Union Aviation Safety Agency from European Aviation and Space Agency in paragraph 10)
A federal corruption probe of top union officials stirred growing uncertainty about collective bargaining talks on Saturday, as the current labor contract between the United Auto Workers (UAW) and General Motors Co was set to expire at the stroke of midnight.
(In September 13 story, corrects name of European Union Aviation Safety Agency from European Aviation and Space Agency in paragraph 15)
Apple Inc on Friday disputed a Goldman Sachs research note which stated that the company’s plans to account for the trial of its new streaming service Apple TV+ will have a “material negative impact” on its results.