By Daina Beth Solomon MEXICO CITY (Reuters) – Workers at a Panasonic auto parts plant in northern Mexico elected an independent union this week, marking another defeat for one of the country’s biggest labor organizations as Mexico seeks to strengthen worker rights in line with a new trade deal. Union SNITIS, which grew out of…
By Aditya Kalra and Swati Bhat MUMBAI (Reuters) -India’s top retailer Reliance on Saturday called off its $3.4 billion deal with Future Group, saying it “cannot be implemented” after Future’s secured creditors rejected it. The deal was at the centre of legal battles since 2020 after Future’s partner Amazon.com Inc legally blocked it, citing violation…
MUMBAI (Reuters) – Reliance Industries said on Saturday its deal with Future Group “cannot be implemented” after secured creditors in the latter rejected it, the company said in an exchange filing. “The shareholders and unsecured creditors of FRL (Future Retail) have voted in favour of the scheme. But the secured creditors of FRL have voted…
By Foo Yun Chee BRUSSELS (Reuters) -Alphabet unit Google, Meta and other large online platforms will have to do more to tackle illegal content or risk hefty fines under new internet rules agreed between European Union countries and EU lawmakers on Saturday. The agreement came after more than 16 hours of negotiations. The Digital Services…
DALLAS (AP) — Airlines say they are offering options — including refunds in some cases — for people worried about flying now that other passengers aren’t required to wear face masks. However, the airlines aren’t providing many details. Customers could find themselves at the mercy of workers at airline customer-service centers. Many people who will…
By Julia Love SAN FRANCISCO (Reuters) – A regional director for the U.S. National Labor Relations Board on Friday ordered a union election for a group of workers at an Activision Blizzard-owned studio that works on the popular “Call of Duty” franchise, overruling objections from the company. In a 27-page decision, Jennifer Hadsall, a regional…
(Reuters) – AT&T Inc on Friday named Jeff McElfresh, who headed its largest business unit, as chief operating officer, part of the U.S. carrier’s efforts to refocus on its connectivity business following the merger of its WarnerMedia unit with Discovery Inc. McElfresh has been with the company for more than 20 years and was most…
By Andrea Shalal and David Lawder WASHINGTON (Reuters) – As the world’s dominant creditor, China and must demonstrate leadership in addressing the growing debt problem facing many low-income and emerging market countries around the world, this year’s leader of the Group of 20 finance officials told Reuters. Indonesian Finance Minister Sri Mulyani Indrawati, speaking in…
(Reuters) – Semiconductor maker Broadcom Inc is under scrutiny from the U.S. Federal Trade Commission following complaints it is forcing exclusive agreements with customers, The Information reported on Friday. The FTC is in the early stages of gathering information about whether Broadcom, which has become a major supplier of WiFi and Bluetooth chips to companies…
By David French (Reuters) – Wall Street tumbled more than 2.5% on Friday, ensuring the three main benchmarks ended in negative territory for the week, as surprise earnings news and increased certainty around aggressive near-term interest rate rises took its toll on investors. It was the third straight week of losses for both the S&P…
