By Daniel Wiessner (Reuters) -Dozens of Amazon.com Inc warehouse workers in New York City have sued their union, the first in the company’s history, alleging that top union officials are refusing to hold democratic elections to fill leadership posts. The lawsuit filed in Brooklyn federal court on Monday represents an escalation of internal disputes within…
PARIS (Reuters) – More than a quarter of jobs in the OECD rely on skills that could be easily automated in the coming artificial intelligence revolution, and workers fear they could lose their jobs to AI, the OECD said on Tuesday. The Organisation for Economic Co-operation and Development (OECD) is a 38-member bloc, spanning mostly…
By Steve Holland and Justyna Pawlak VILNIUS (Reuters) -U.S. President Joe Biden’s administration will move ahead with the transfer of F-16 fighter jets to Turkey in consultation with Congress, national security adviser Jake Sullivan said on Tuesday, a day after Ankara gave the green light for Sweden to join NATO. Turkey, which had been the…
By Foo Yun Chee BRUSSELS (Reuters) -U.S. chipmaker Broadcom is set to win conditional EU antitrust approval for its $61 billion proposed acquisition of cloud computing firm VMware on Wednesday, a person familiar with the matter said on Tuesday. Last month, Reuters reported exclusively that Broadcom had succeeded in addressing the European Commission’s concerns regarding…
By Scott DiSavino NEW YORK (Reuters) -Oil prices jumped on Tuesday, settling up about 2%, boosted by a falling U.S. dollar, hopes for higher demand in the developing world and supply cuts by the world’s biggest oil exporters. Brent futures rose $1.71, or 2.2%, to settle at $79.40 a barrel. U.S. West Texas Intermediate (WTI)…
By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s monthly inflation rate is expected to slow to 7.0% in June, according to the median forecast in a Reuters poll, after hitting 7.8% in May, as the government battles to control spiraling prices ahead of elections in October. The poll of 23 analysts measures inflation by the…
WASHINGTON (Reuters) -U.S. Vice President Kamala Harris on Tuesday announced new steps to lower the cost of childcare for American families with a proposal that would cap co-payments under a block grant program that serves 1.5 million children and their families each month. “This is a critical issue for almost every family in our country,”…
(Reuters) -Daimler Truck expects revenues to grow as much as 60% between 2025 and 2030, top management of the truck and bus maker told investors on Tuesday. The company’s optimistic outlook, presented at a capital markets day in Boston, comes a year after Daimler Truck became an independently listed company in a spin-off from the…
By Safiyah Riddle (Reuters) -U.S. small business confidence climbed to a seven-month high in June as pessimism about the economic outlook diminished sharply and sales expectations improved, but a still-tight labor market continued to drive concerns about inflation, according to a survey released on Tuesday. The National Federation of Independent Business (NFIB) said its Small…
By Shreyashi Sanyal (Reuters) -European shares ended higher on Tuesday amid investor hopes the U.S. Federal Reserve was nearing the end of its interest rate hiking cycle and as China extended some policy measures to support its battered real estate sector. The pan-European STOXX 600 ended 0.7% higher, rising for the third straight session. Irish…
