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…
LAKE CHARLES, Louisiana (AP) — The front lawn of Lydia Larce’s home is strewn with debris: Remnants of cabinets and chunks of pink shower marble lie between dumpsters. She lives in a FEMA trailer out back, her home in shambles more than a year after Hurricane Laura tore through Lake Charles. Larce, like many in…
By Julie Gordon and Fergal Smith OTTAWA (Reuters) – An extra C$8,300 ($6,600) in your pocket. That is roughly how much the average Canadian saved during the pandemic, with the central bank betting on C$40 billion in added spending through the end of next year as consumers draw down those stockpiles. But soaring inflation has…
