By Elena Fabrichnaya MOSCOW (Reuters) – A U.S. sanctions authority delayed for months KFC’s exit from Russia this year after commenting on an “exit tax” for departing foreign firms when the deal was on the cusp of completion, according to the owner of the master franchise in Russia. New demands from Moscow originally delayed the …
US sanctions authority delayed KFC’s Russia exit -franchise owner Read More »
HONG KONG (Reuters) -China Evergrande Group’s latest trouble in firming up a long-pending debt restructuring plan led to a sell-off in its and peers’ shares on Monday, as worries resurfaced about the crisis-hit property sector after a brief respite. Evergrande, the world’s most indebted property developer, which has become the poster child of China’s property …
Evergrande’s debt revamp roadblock hits China property investors’ sentiment Read More »
A look at the day ahead in European and global markets from Brigid Riley Investors head into the final week of the quarter still digesting last week’s surprising and at times contradictory central bank decisions while preparing for more inflation data from the U.S. and Europe. Global markets have been feeling the heat as U.S. …
Marketmind: Fed’s hawkish pause keeps pressure on markets Read More »
By Nathan Gomes and Mrinmay Dey (Reuters) -Canadian labor union Unifor said on Sunday its members had voted to ratify a new contract with Ford Motor, a relief for the Detroit automaker locked in a separate tussle with its U.S. union over demands for better pay and benefits in the country. Unifor, which represents about …
Workers with Canadian union Unifor vote in favor of Ford contract Read More »
By Doyinsola Oladipo and Abhirup Roy (Reuters) – U.S. auto workers expanded their strike on Friday with a clear target for distress: dealers who sell and service GM and Stellantis vehicles. Selling and installing parts is one of the most profitable parts of the auto business, but it is also one of the most vulnerable, …
GM, Stellantis dealers and customers face dwindling parts as UAW strike expands Read More »
(Reuters) – The U.S. Department of Labor has opened investigations into meat companies Tyson Foods and Perdue Farms to determine whether migrant children were used to clean slaughterhouses, the New York Times reported on Saturday. The Labor Department opened the investigations after a New York Times Magazine article this week showed migrant children working overnight …
Tyson and Perdue face child labor investigations – New York Times Read More »
(Reuters) – Canadian Prime Minister Justin Trudeau expects interest rates are going to start coming down by the middle of next year, in-line with recent Reuters poll estimates, though the latest economic data has turned the central bank more hawkish. “We know things are going to start getting better. Inflation is coming down. We think …
Trudeau expects Canadian interest rates to come down by mid 2024 Read More »
(Reuters) -Ford Motor has offered Canadian union Unifor wage increases of up to 25% in its tentative agreement, the union said on Saturday. The agreement provides a 10% wage increase for the first year followed by increases of 2% and 3% through the second and third year and a $10,000 productivity and quality bonus to …
By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) -Striking Hollywood writers and top studio executives met for a third straight day on Friday, ending with a decision to continue talks on Saturday as they try to end a work stoppage that has shut down film and TV production for months. While workers across the …
No deal yet as Hollywood writers, studios talk for third straight day Read More »
By Abhirup Roy SAN FRANCISCO (Reuters) -California Governor Gavin Newsom late on Friday vetoed a bill to prevent heavy-duty driverless trucks from operating in the state, in a relief for companies developing autonomous technology to haul goods across the U.S. The labor-backed Assembly Bill 316, which requires a trained human driver to be present in …
California governor vetoes bill banning robotrucks without safety drivers Read More »
