WASHINGTON (Reuters) -U.S. Treasury Secretary Janet Yellen said on Sunday that U.S. economic growth is slowing and she acknowledged the risk of a recession, but she said a downturn was not inevitable. Yellen, speaking on NBC’s “Meet the Press,” said strong hiring numbers and consumer spending showed the U.S. economy is not currently in recession. …
U.S. economy slowing, but recession not inevitable, Yellen says Read More »
(Corrects last paragraph to say the contract expires on Monday, July 25, not Aug. 1) By David Shepardson and Jose Joseph (Reuters) -A union representing nearly 2,500 employees at three Boeing Co defense locations in the St. Louis area said on Sunday the workers rejected the company’s defense contract offer and will strike at the …
Boeing defense workers to strike in St. Louis area over pay issues Read More »
(Reuters) – Rogers Communications Inc said on Sunday it will invest C$10 billion ($7.74 billion) over the next three years in Artificial Intelligence (AI), and more testing and oversight, just weeks after the company reported network issues that caused widespread disruptions across the country. Chief Executive Officer Tony Staffieri said the Canadian telecom operator has …
Rogers to invest C$10 billion in AI, testing after massive outage Read More »
JERUSALEM (Reuters) – Israeli airline El Al said on Sunday it was returning Boeing 777-200ER aircraft to its fleet to meet high travel demand during the summer. Israel’s flag carrier sidelined six 777s at the outset of the COVID-19 crisis when it halted all flights between March and September 2020 amid plunging demand. Its aging …
Israel’s El Al restores Boeing 777s to service amid rebound in travel demand Read More »
TUNIS (Reuters) – Public finances are under strain and prices are soaring in Tunisia, presenting big economic challenges to President Kais Saied as he plans to overhaul the political system in a constitutional referendum on Monday. Here are some of the troubles affecting the economy, which was hit particularly hard by the COVID-19 pandemic due …
By RachnaManojkumar Dhanrajani and Lisa Baertlein (Reuters) – Independent truckers who have been protesting at California’s busy Oakland seaport over the past week against a new state law known as the “gig-worker” law took a break on Saturday, when the port business slowed to a crawl. But some truckers said protests may resume on Monday …
California truckers halt ‘gig-worker’ law protests over weekend as port activity slows Read More »
BUENOS AIRES (Reuters) – Argentina’s newly appointed economy minister Silvina Batakis will meet on Monday with the head of the International Monetary Fund in Washington, the government said, as Argentina’s economy struggles with spiraling inflation. Argentina is the IMF’s largest debtor with a $44 billion program that was approved by the board in late March. …
Argentina’s new economy chief to meet IMF head on Monday Read More »
By David Randall NEW YORK (Reuters) – Companies reporting earnings in coming weeks are likely to mention one common factor gouging their results: the strong dollar. The U.S. currency stands near a 20-year high against a basket of its peers and is up 15.1% in the past year, lifted by a hawkish Federal Reserve and …
ZURICH (Reuters) – Voestalpine has built up sufficient gas reserves to safeguard three months of production should there be an emergency hit to supplies, the Austrian steelmaker’s chief executive said in an article published on Saturday. “We reached our goal this week and saved the entire amount,” Herbert Eibensteiner told Der Standard in an interview. …
Steelmaker Voestalpine builds up gas reserve to tackle shortfalls – CEO Read More »
By Jonathan Stempel (Reuters) -Uber Technologies Inc on Friday accepted responsibility for covering up a 2016 data breach that affected 57 million passengers and drivers, as part of a settlement with U.S. prosecutors to avoid criminal charges. In entering a non-prosecution agreement, Uber admitted that its personnel failed to report the November 2016 hacking to …
Uber admits covering up 2016 hacking, avoids prosecution in U.S. settlement Read More »
