By Scott DiSavino NEW YORK (Reuters) – Oil prices were little changed after erasing early losses on Thursday after OPEC+ agreed to boost crude output to compensate for a drop in Russian production. The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, known as OPEC+, agreed to raise output by 648,000 barrels…
AVON LAKE, Ohio (AP) — Ford will add 6,200 factory jobs in Michigan, Missouri and Ohio as it prepares to build more electric vehicles and roll out two redesigned combustion-engine models. The company says it will invest $3.7 billion in the three states between now and 2026. It also will convert about 3,000 temporary workers…
By Silke Koltrowitz ZURICH (Reuters) – With Russian gold and diamonds off-limits due to the war in Ukraine, makers of luxury jewellery and watches are finding it more difficult to secure raw materials and address human rights issues in supply chains. Russia is the world’s biggest producer of natural diamonds, according to the World Diamond,…
WASHINGTON (AP) — Fewer Americans applied for jobless aid last week with the number of Americans collecting unemployment at historically low levels. Applications for unemployment benefits fell by 11,000 to 200,000 for the week ending May 28, the Labor Department reported Thursday. First-time applications generally track the number of layoffs. The four-week average for claims,…
WASHINGTON (AP) — Mary Jane Riva, CEO of the Pizza Factory, has a cautionary message for her customers this summer: Prepare to wait longer for your Hawaiian pie or calzone. The Pizza Factory’s 100 West Coast locations are desperately short of workers. With about 12 employees per store, they’re barely half-staffed — just when many…
WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits unexpectedly fell last week as demand for labor remained strong, helping to underpin the economy amid rising interest rates and tightening financial conditions. Initial claims for state unemployment benefits fell 11,000 to a seasonally adjusted 200,000 for the week ended May 28,…
TAIPEI (Reuters) -Taiwan will continue to be a trusted partner for the global chip industry and help stabilise the supply chain, Economy Minister Wang Mei-hua told a senior European Union official at rare high-level talks on Thursday that Taipei described as a big breakthrough. The EU has been courting Taiwan, a major semiconductor producer, to…
LONDON (AP) — The OPEC oil cartel and allied producing countries including Russia will raise production by 648,000 barrels per day in July and August, offering modest relief for a global economy suffering from soaring energy prices. The cost of oil, which began to rise sharply to start of the year, spiked after Russia’s Feb….
(Reuters) -Moderna Inc will delay its COVID-19 vaccine deliveries to the European Union by several months under an agreement announced on Thursday. The U.S.-based vaccine maker will postpone the delivery of some doses initially planned for the second quarter of 2022 to later in the year, the European Commission said in a statement. This is…
By Paresh Dave OAKLAND, Calif. (Reuters) – General Motors Co’s Cruise on Thursday could become the first company to secure a permit to charge for self-driving car rides in San Francisco, if it can overcome objections by city officials. Self-driving test cars with human safety drivers have become a constant sight in San Francisco, and…
