By Nathan Gomes (Reuters) -The United Auto Workers (UAW) union expects to go on strike against the Detroit Three automakers later this week if no agreement is reached over new contracts, setting the stage for one of the largest worker actions this year. The current contracts at General Motors, Ford and Chrysler parent Stellantis are…
(Reuters) – Some Western companies have agreed to sell their Russian assets or hand them over to local managers as they take action to comply with sanctions over the Ukraine conflict and respond to threats from the Kremlin that foreign-owned assets may be seized. Below are some of the companies by sector that have secured…
(Reuters) – European airports are in the midst of another busy summer as passenger numbers globally recover to pre-pandemic levels, while airline and airport staff continue wage talks. The travel industry is on high alert for disruption after Europe’s peak season last year was hit by cancellations, causing chaos at airports. This summer, air traffic…
By Sarah N. Lynch and Jacqueline Thomsen WASHINGTON (Reuters) -Former U.S. President Donald Trump said on Tuesday he had received a letter from Special Counsel Jack Smith stating that he is a target of a grand jury investigation into efforts to overturn his 2020 presidential election defeat. A letter would represent the clearest sign to…
By David Shepardson WASHINGTON (Reuters) -U.S. auto safety regulators are opening a special crash investigation into a fatal accident in California involving a 2018 Tesla Model 3 suspected of relying on advanced driver assistance systems, the government agency said on Tuesday. The National Highway Traffic Safety Administration (NHTSA) is probing the July 5 crash in…
By Liliana Salgado PHOENIX (Reuters) -A global pattern of heat waves scorching parts of Europe, Asia and the United States intensified on Tuesday, with the World Meteorological Organization warning of an increased risk of deaths linked to excessively high temperatures. Americans were facing a medley of extreme weather, from blazing heat from Texas to Southern…
By Herbert Lash NEW YORK (Reuters) – The dollar rebounded off a 15-month low and global stock markets rose on Tuesday as upbeat earnings on Wall Street and retail sales pointing to a resilient U.S. economy sealed expectations that the Federal Reserve will hike interest rates next week. Bank of America posted a 20% surge…
By Karen Brettell NEW YORK (Reuters) – The U.S. dollar rose from a 15-month low against a basket of currencies on Tuesday after core retail sales saw strong gains in June, as investors wait on the Federal Reserve’s interest rate decision next week. Headline U.S. retail sales rose less than expected in June, with a…
By Scott DiSavino NEW YORK (Reuters) -Oil prices climbed more than 1% on Tuesday after China said it will act to support economic growth in the world’s biggest oil importer and on expectations the U.S. Federal Reserve will stop raising interest rates soon and a forecast decline in U.S. output. Brent futures rose $1.13, or…
BEIJING (Reuters) -The United States should exercise sound strategic judgment in dealing with China, China’s defence minister Li Shangfu said while meeting veteran U.S. diplomat Henry Kissinger in Beijing on Tuesday. China has been committed to building stable, predictable and constructive Sino-U.S. relations, and hopes the United States can work with it to promote the…
