By Lisa Baertlein and Bianca Flowers (Reuters) – Workers at aerospace supplier Spirit AeroSystems were the latest U.S. union employees to reject a contract their leaders negotiated with their employer, joining freight railroad employees, airline pilots and others who are growing more fed up with stagnant pay, high healthcare costs, scanty sick time and uncertain…
By Joseph Ax and Steve Gorman (Reuters) -A deep-sea submersible carrying five people on a voyage to the century-old wreck of the Titanic was found in pieces from a “catastrophic implosion” that killed everyone aboard, the U.S. Coast Guard said on Thursday, ending a multinational five-day search for the vessel. A robotic diving vehicle deployed…
(Reuters) -Brazilian President Luiz Inacio Lula da Silva on Friday said the European Union’s latest proposal for a trade deal with South American bloc Mercosur made reaching an agreement impossible as it included a “threat” to Brazil. The Brazilian leader was referring to the EU’s addendum to the deal attaching sustainability and climate change commitments…
By Brad Brooks and Daniel Trotta (Reuters) – The first fatal accident aboard a deep-sea tourist submersible is certain to raise calls for additional safety regulations, but industry experts say any new measures may be impossible to enforce given the international nature of the business. Moreover, they say the tragedy of the Titan submersible that…
A look at the day ahead in U.S. and global markets from Mike Dolan Just as world stock prices raced ahead this month, broader business activity appeared to be stalling again. Surprisingly soft readings from flash business surveys for June show that in the euro zone at least overall factory and service sector growth almost…
(Reuters) – Global equity funds suffered substantial outflows during the seven days to June 21 amid concerns over borrowing costs staying higher for longer as the European Central Bank raised interest rates and the Federal Reserve signalled more hikes. Investors withdrew a net $15.12 billion from global equity funds which had seen net inflows of…
WASHINGTON (Reuters) – Indian Prime Minister Narendra Modi will meet U.S. and Indian business leaders in Washington on Friday, the final day of a state visit marked by pledges of deeper U.S.-India cooperation on areas including space, artificial intelligence and quantum computing. President Joe Biden rolled out the red carpet for Modi on Thursday, declaring…
By David Milliken and Suban Abdulla LONDON (Reuters) -The Bank of England surprised many investors by raising interest rates half a percentage point on Thursday, saying there had been “significant” news suggesting Britain’s persistently high inflation would take even longer to fall. The BoE’s Monetary Policy Committee (MPC) voted 7-2 to raise its main interest…
By Pratima Desai and Clara Denina LONDON (Reuters) -Newmont has declared force majeure on deliveries of some metal products from its Peñasquito mine in Mexico, the U.S.-listed miner told Reuters, citing strike action as a constraint on output. Peñasquito is a major producer of zinc and lead, as well as gold. In a February outlook,…
LONDON/FRANKFURT (Reuters) -Euro zone business growth stalled this month as a manufacturing recession deepened and a previously resilient services sector barely grew, leaving the European Central Bank in a policy dilemma as it presses ahead with rate hikes to fight inflation. HCOB’s flash Composite Purchasing Managers’ Index (PMI) for the 20 nations sharing the euro…
