European Economics Preview: Germany Foreign Trade Data Due

Thai protesters cleared from outside PM's office

Police officers take position near Government House during the 47th anniversary of the 1973 student uprising, in Bangkok, Thailand October 15, 2020. REUTERS/Soe Zeya Tun

BANGKOK (Reuters) – Thai protesters who had occupied the space outside Prime Minister Prayuth Chan-ocha’s office in Bangkok were cleared by police early on Thursday, a Reuters witness said.

Photographer Soe Zeya Tun said that the protesters had gone from outside Government House and that city workers were cleaning up the place where the thousands of protesters had arrived late on Wednesday.

Pope Francis given new environmentally-friendly motor with safety cage to greet crowds

POPE Francis has been given a new set of hydrogen-powered wheels.

His Holiness’s new environmentally-friendly motor includes a viewing platform with a safety cage so he can greet crowds.


But this is a Popemobile like no other, as the Toyota Mirai will give off no tailpipe emissions.

The car, one of two commissioned by the Catholic Bishops’ Conference of Japan as a gift to the supreme pontiff, is run by turning hydrogen into water.

It measures 5.1 meters in length and 2.7 meters in height and is capable of returning up to 310 miles of range per tank of hydrogen.

Pope Francis’s previous Popemobiles include a Lamborghini Huracan and a Dacia Duster.

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WGA East Launches Helpline For Reporting Harassment & Discrimination

The WGA East has launched a Safe Workplace Helpline for members who experience harassment or discrimination. The launch of the helpline “puts in place a secure voicemail and email address for members to confidentially contact Guild staff and report any harassment or discrimination,” said WGA East executive director Lowell Peterson.

“The helpline is part of the Guild’s expansive initiative to provide our 7,000 members with the tools, resources and education needed to work in a safe and tolerant environment. The Guild’s Safe Workplace plan goes hand-in-hand with our commitment to making media more inclusive for women and people of color.”

WGA East members experiencing any form of workplace harassment or discrimination can call the voicemail helpline at (212) 767-7853 or email the guild at safeworkplace@wgaeast.org. “The information you provide will remain confidential,” the Guild told its members today. “A Guild representative will review your report and contact you in a timely manner.”

The voicemail helpline and email are overseen by Ann Burdick, the Guild’s general counsel, and Marsha Seeman, the Guild’s assistant executive director.

Draegerwerk Q3 Preliminary EBIT Surges

German medical and safety technology provider Draegerwerk AG & Co. KGaA (DRWKF.PK) reported that its preliminary EBIT for the third quarter significantly increased to 127 million euros, from last year’s 9.3 million euros, reflecting a higher net sales volume and a higher gross profit margin.

The company reported an increase in order entry of 13.0 percent in the third quarter compared to the same quarter of the previous year.

Net sales increased by 35.7 percent to around 862.5 million euros from the prior year.

The company expects net sales growth for fiscal year 2020 to be between 14 percent and 22 percent (net of currency effects) and the EBIT margin to be between 7.0 percent and 11.0 percent. At least for the current financial year,the company still assume strong demand in the wake of the COVID-19 pandemic. Therefore, the company assumes that it will reach the middle toupper end of the guidance for 2020.

The company expects that net sales volume and earnings in the following year will be below the current level. In addition to the further development of the demand for products in connection with the COVID-19 pandemic, this also depends on the general economic development, which has an impact on many industries and thus on important parts of the company’s business.

The company will publish its full results for the first nine months of the fiscal year on October 29, 2020.

European Economics Preview: Germany Foreign Trade Data Due

Foreign trade data from Germany is due on Thursday, headlining a light day for the European economic news.

At 1.45 am ET, the State Secretariat for Economic Affairs is scheduled to issue Swiss jobless rate for September. The jobless rate is seen at seasonally adjusted 3.4 percent, unchanged from August.

At 2.00 am ET, Destatis is set to publish Germany’s foreign trade figures. Economists forecast exports and imports to grow 1.4 percent each on a monthly basis in August.

At 3.00 am ET, the Hungarian Central Statistical Office releases consumer prices for September. Inflation is forecast to remain unchanged at 3.9 percent.

In the meantime, retail sales data is due from the Czech Republic. Economists expect sales to advance 1.8 percent on year in August versus a 3 percent rise in July.

At 5.00 am ET, unemployment data is due from Greece.

At 7.30 am ET, the European Central Bank is set to issue the account of the monetary policy meeting of the Governing Council held on September 9 and 10.