By Daina Beth Solomon MEXICO CITY (Reuters) – The new independent labor union at General Motors Co’s largest plant in Mexico is seeking a 19.2% wage increase, citing surging inflation, and the U.S. carmaker has countered with an offer of 3.5%, the head of the union SINTTIA told Reuters. GM would not confirm the percentage…
By Joseph White DEARBORN, Mich. (Reuters) -Ford Motor Co on Tuesday started regular manufacturing of its F-150 Lightning electric pickup truck, the most prominent emblem of the 119-year-old company’s drive to retool for a new century. Ford workers, top executives and a group of F-150 Lightning customers joined a party at Ford’s Rouge Electric Vehicle…
By Chris Prentice and Danilo Masoni WASHINGTON/MILAN (Reuters) -U.S. shares fell on Tuesday and European stocks extended losses for a third session as investors warily awaited U.S. tech earnings and worries over global growth lingered. China’s COVID-19 curbs and fears of aggressive U.S. Federal Reserve tightening continued to damp risk appetite and lifted the dollar…
Delta Air Lines, which is facing another attempt to unionize its flight attendants, will begin paying cabin crews during boarding, a first for a major U.S. airline. Across the airline industry in the United States, hourly pay for flight attendants starts when all the passengers are seated and the plane’s doors close. Delta said the…
By David Lawder WASHINGTON (Reuters) – If China wants its yuan to become a globally used currency, Beijing would need to have open capital markets and full currency convertibility, the International Monetary Fund’s No. 2 official said on Tuesday. IMF First Deputy Managing Director Gita Gopinath, speaking about the global lender’s new institutional view on…
(Reuters) – Russia’s top lender Sberbank is still trying to fund property developers in spite of “difficulties and losses” that the sanctioned bank is experiencing, Deputy Prime Minister Marat Khusnullin said on Tuesday, the RIA news agency reported. Khusnullin gave the first insight into the strain that unprecedented sanctions against Moscow are putting on the…
WARSAW (Reuters) -Poland could drastically cut back on flights to and from Warsaw from May 1 if a dispute with air traffic controllers over pay and conditions is not resolved, according to legislation published before negotiations were set to resume on Tuesday. Almost 90 percent of air traffic controllers in Warsaw chose to quit rather…
By John Chalmers BRUSSELS (Reuters) -The European Union’s internal market chief said on Tuesday that Elon Musk could adapt Twitter as he wishes after he acquires the social media site but warned the billionaire that the bloc has strict rules for online platforms to tackle illegal content. “It will be up to Twitter to adapt…
By Dominique Vidalon PARIS (Reuters) -Danone’s new chief executive said on Tuesday the French food group has no plans to sell any of its three businesses, after its shares rose last week on a report of merger interest from dairy group Lactalis. CEO Antoine de Saint-Affrique said last month that there was “nothing wrong” with…
DALLAS (AP) — JetBlue Airways said Tuesday that it lost $255 million in the first quarter, and widespread flight cancellations in April plus the need to hire and train more pilots will delay the company’s return to profitability. New York-based JetBlue said it would further reduce its schedule this summer to limit delays and cancellations….
