By David Shepardson WASHINGTON (Reuters) -United Auto Workers (UAW) President Shawn Fain met on Wednesday with President Joe Biden at the White House as the union briefed staff on contract talks with the Detroit Three automakers. Fain, who was on Capitol Hill meeting with lawmakers to discuss the labor talks and the union’s push for…
By Ted Hesson WASHINGTON (Reuters) – New York City will distribute flyers at the U.S.-Mexico border telling newly arrived migrants to “consider another city” and limit shelter stays for adult asylum seekers to 60 days as the city’s Democratic mayor says it is straining to house them. In an announcement on Wednesday, the office of…
By Lisa Baertlein and Priyamvada C (Reuters) – United Parcel Service on Wednesday said it would return to the bargaining table with a better offer for roughly 340,000 Teamsters-represented U.S. workers, in a bid to avert a potentially economically damaging strike on Aug. 1. “We are prepared to increase our industry-leading pay and benefits, but…
MEXICO CITY (Reuters) – The United States and Mexico reached an agreement to remedy violations of workers’ rights at a Goodyear Tire & Rubber Co plant in the Mexican city of San Luis Potosi, both countries said on Wednesday. The Mexican government has committed to carry out a number of measures under the agreement, the…
WASHINGTON (Reuters) – A U.S. House of Representatives committee has launched an investigation into investments by four U.S. venture capital firms into Chinese artificial intelligence and semiconductor companies. The House Select Committee on the Chinese Communist Party sent letters on Tuesday to GGV Capital, GSR Ventures, Walden International and Qualcomm Ventures, the investment arm of…
By Sam Nussey and Anton Bridge TOKYO (Reuters) – An overwhelming majority of Japanese firms think it would be difficult or impossible to fill at least 30% of executive positions with women by 2030, a Reuters poll showed. The results underscore the challenge the world’s third-largest economy faces to close its gender gap. Japanese Prime…
By Hyunsu Yim SEOUL (Reuters) -In a dimly lit recording studio in Seoul, producers at the K-pop music label that brought the world hit boy group BTS are using artificial intelligence to meld a South Korean singer’s voice with those of native speakers in five other languages. The technology enabled HYBE, South Korea’s largest music…
By Rachel Nostrant (Reuters) – State officials across the U.S Northeast are warning residents about contaminated water following mass floods last week that swept raw sewage, pesticides, runoff fuel and other types of pollutants into private and public water systems. Health officials in Vermont, New Hampshire and Massachusetts have issued advisories this week cautioning that…
By Chuck Mikolajczak NEW YORK (Reuters) – The Dow Jones Industrial Average and S&P 500 index rose modestly on Wednesday, with the blue-chip Dow registering its eighth straight day of gains as investors gauged the latest round of corporate earnings, but a decline in Microsoft held the Nasdaq near the unchanged mark. Bank stocks extended…
By Tatiana Bautzer, Sinéad Carew and Saeed Azhar NEW YORK (Reuters) – U.S. banking giants reported lackluster results for investment banking in the second quarter, but that has not stopped investors from buying their stocks as a bet on revived dealmaking. Goldman Sachs profit slumped 58% to the lowest in three years, it reported Wednesday,…
