By Kristina Cooke, Mica Rosenberg and Joshua Schneyer (Reuters) – U.S. Democratic Senator Cory Booker will introduce legislation Tuesday that aims to deter child labor at meatpacking plants by barring some offending companies from important government contracts, the latest response to a rise in underage labor in dangerous U.S. industries. The bill Booker’s office shared…
By Trevor Hunnicutt and Steve Holland WASHINGTON (Reuters) – U.S. President Joe Biden is pairing the veteran advisers who helped him win the White House once with a newer generation of diverse leadership for his 2024 re-election campaign. Biden aides see former President Donald Trump as the early front-runner for the Republican nomination, as do…
A look at the day ahead in U.S. and global markets from Mike Dolan Bombarded by incoming corporate earnings updates and increasingly wary of tense geopolitics, world markets appear to have turned sour again on financial stocks as the full extent of March bank stress unfolds. Shares in First Republic Bank, one of the most…
By Katherine Masters and Mimosa Spencer NEW YORK (Reuters) -The splashy reopening of Tiffany & Co’s flagship store on the corner of Fifth Avenue and East 57th Street is a renovation representing the billions of capital investment in one of New York City’s most iconic shopping districts. Real estate experts say the flow of cash…
By Josh Smith SEOUL (Reuters) – Leading South Korean and U.S. companies announced billions of dollars in investments, joint ventures and other plans on Tuesday, as President Yoon Suk Yeol kicked off a state visit to Washington. Yoon, who calls himself “the No. 1 salesman” for South Korea, has made business deals and “sales diplomacy”…
GENEVA (Reuters) – The World Health Organization (WHO) representative in Sudan said on Tuesday there was a “high risk of biological hazard” after one of the sides in the Sudan fighting seized a laboratory. Speaking to reporters in Geneva via video link, Nima Saeed Abid said that at least 459 people had been killed in…
By David Shepardson and Heekyong Yang WASHINGTON/SEOUL (Reuters) -General Motors Co and Samsung SDI said on Tuesday they will invest over $3 billion to build a joint venture electric vehicle battery manufacturing plant in the U.S., as the automaker diversifies its component suppliers. The news comes as South Korean President Yoon Suk Yeol is in…
By Amanda Cooper LONDON (Reuters) – Stocks fell on Tuesday, while the dollar got a lift as investors prepared for corporate earnings and macro data this week to paint a clearer picture of the health of the global economy. Last week’s U.S. bank earnings came in stronger than expected, and this week brings results for…
FRANKFURT/LONDON/TOKYO (Reuters) -The world’s top central banks are cutting the frequency of their dollar liquidity operations with the U.S. Federal Reserve from May, sending the clearest signal yet that last month’s financial market volatility is essentially over. The Fed started offering dollars in daily tenders from late March after the failure of Silicon Valley Bank…
(Reuters) – Electric aircraft maker Joby Aviation will deliver up to nine air taxis to the U.S. Air Force under a $55 million contract extension that marks the company’s first revenue-generating operations, the company announced on Tuesday. Joby will deliver the first two aircraft to Edwards Air Force Base in California by March 2024 for…
