By Doyinsola Oladipo and Nivedita Balu (Reuters) -Workers at an Amazon.com Inc warehouse in New York City have voted to form the first union at the second-largest U.S. private employer, a victory for the new, independent union that adds to recent success by labor activists pushing into new industries. Employees at the online retailer’s fulfillment…
By David Shepardson WASHINGTON (Reuters) -President Joe Biden’s administration on Friday sharply boosted fuel economy standards for vehicles, reversing former President Donald Trump’s rollback of U.S. regulations aimed at improving gas mileage and cutting tailpipe pollution. The National Highway Traffic Safety Administration (NHTSA) announced it will boost fuel efficiency requirements by 8% for both the…
NEW YORK (AP) — One of the more reliable warning signals for an economic recession is shining brighter. The “yield curve” is watched for clues to how the bond market is feeling about the U.S. economy’s long-term prospects. On Friday, a closely followed part of the yield curve lit up again after giving a brief…
LONDON (Reuters) – Nickel volumes on the London Metal Exchange (LME) slid 28% month-on-month in March during a period of chaotic trading that included a shutdown, data showed on Friday. The exchange, the world’s oldest and largest market for industrial metals, suspended nickel trading on March 8 after prices spiked by more than 50% in…
SZEKESFEHERVAR, Hungary (AP) — Hungary’s nationalist prime minister on Friday portrayed his country’s upcoming election as an existential turning point and a choice between war and peace as he made a final appeal to voters at a campaign rally in a rural stronghold. Viktor Orban, who is seeking a fourth consecutive term as the head…
ADDIS ABABA, Ethiopia (AP) — A convoy of trucks carrying food aid entered territory controlled by fighters loyal to the fugitive leaders of Ethiopia’s Tigray region on Friday, the first humanitarian convoy to do so since Dec. 14, the U.N. World Food Program said. The arrival of the trucks came eight days after Ethiopia’s federal…
By Anthony Boadle BRASILIA (Reuters) -Toronto-based Brazil Potash Corp has laid out for Brazilian President Jair Bolsonaro this week its plans to reduce his country’s dependence on fertilizer imports disrupted by the Ukraine war by opening a potash mine in the Amazon. The company’s owner, investment banker Stan Bharti, met with Bolsonaro on Monday to…
By Maytaal Angel LONDON (Reuters) – Commodity traders have started diverting sugar shipments away from Russia, according to industry sources and shipping data, a move set to further boost soaring domestic prices and ratchet up pressure on the Russian government to cool food inflation. Russia needed sugar imports this year after two successive shortfalls in…
LONDON (AP) — The British government said Friday that a criminal investigation has begun into P&O Ferries after the company fired almost 800 U.K.-based crew without warning so they could be replaced by cheaper contract staff. Business Secretary Kwasi Kwarteng said the Insolvency Service had opened ”formal criminal and civil investigations.” The Dubai-owned company has…
LIMA (Reuters) – Peru’s inflation hit in March its highest level in more than two decades, the government said on Friday, driven by rising global fuel and food prices amid the conflict between Russia and Ukraine. The Andean country’s consumer prices rose 1.48% last month, the highest since the 1.53% seen in February 1996, according…
