Starbucks said Monday that it wants to start contract negotiations next month at hundreds of U.S. stores that have voted to unionize. The Seattle coffee giant said it sent letters to 234 stores offering a three-week window in October to start negotiations. All of those stores — located in 36 states and the District of…
By Howard Schneider and Lindsay Dunsmuir WASHINGTON (Reuters) -U.S. Federal Reserve officials on Monday sloughed off rising volatility in global markets, from slumping U.S. stocks to currency turbulence abroad, and said their priority remained controlling domestic inflation. Asked at a Washington Post event whether he felt U.S. investors had taken an overly optimistic view of…
By Noel Randewich and Shreyashi Sanyal (Reuters) – Wall Street slid further into bear market territory on Monday as investors fretted that the Federal Reserve’s aggressive campaign against inflation could throw the U.S. economy into a sharp downturn. After two weeks of mostly steady losses on the U.S. stock market, the Dow Jones Industrial Average…
BELGRADE, Serbia (AP) — The European Union and the U.S. on Monday questioned Serbia’s proclaimed commitment to join Europe’s 27-nation bloc after Belgrade signed an agreement with Moscow pledging long-term “consultations” on foreign policy matters amid Russia’s war in Ukraine. Serbia’s officials signed the deal last week in New York with Russian Foreign Minister Sergey…
By Julie Gordon and Ismail Shakil OTTAWA (Reuters) – Inflation is too high in Canada, so the Bank of Canada needs to increase interest rates to slow spending and give the economy time to catch up, Governor Tiff Macklem said on Monday in a video posted by the central bank on Twitter. “Inflation is too…
By Hyunjoo Jin SAN FRANCISCO (Reuters) – Tesla’s CEO Elon Musk is set to unveil its prototype humanoid robots at an event on Sept. 30, hoping to expand beyond self-driving cars that have not yet become reality despite his repeated promises. While robots are widely used for specialist tasks at factories, other companies have struggled…
ANKARA, Turkey (AP) — Turkey on Monday summoned the Greek ambassador to protest the alleged deployment of dozens of U.S.-made armored vehicles to Greek islands which Ankara says should remain demilitarized in line with international treaties. President Recep Tayyip Erdogan warned, meanwhile, that Turkey wouldn’t hold back on defending its rights and interests against Greece….
MOSCOW (AP) — Russia on Monday granted citizenship to former American intelligence contractor Edward Snowden, who fled prosecution after he revealed highly classified U.S. surveillance programs to capture communications and data from around the world. A decree signed Monday by Russian President Vladimir Putin listed Snowden as one of 75 foreign citizens listed as being…
BERLIN (AP) — Denmark’s maritime authority said Monday that a gas leak had been observed in a pipeline leading from Russia to Europe underneath the Baltic Sea and that there is a danger to ship traffic. The operator of Nord Stream 2 confirmed that a leak in the pipeline had been detected southeast of the…
By David Shepardson WASHINGTON (Reuters) -The U.S. Transportation Department (USDOT) on Monday proposed requiring airlines disclose fees for baggage, ticket changes and family seating the first time an airfare is displayed. This is the latest in a series of rules the Biden administration has proposed to boost airline consumer protections. “Airline passengers deserve to know…
