CAIRO (Reuters) – Egypt’s Suez Canal recorded revenue of $1.69 billion in the first quarter of 2022, up from $1.4 billion in the same period a year prior, the canal authority said in a statement on Saturday. The canal is the fastest shipping route between Europe and Asia and one of the Egyptian government’s main …
Egypt’s Suez Canal Q1 revenue at $1.69 billion – statement Read More »
By Francesco Zecchini CERNOBBIO, Italy (Reuters) – The European Central Bank plans to raise interest rates some time after winding down its bond purchase programme in the third quarter of this year, ECB board member Isabel Schnabel said on Saturday. The head of the ECB’s market operations said net asset purchases would be concluded in …
ECB expects to hike rates after ending bond buys in Q3: Schnabel Read More »
By Lewis Krauskopf NEW YORK (Reuters) – As the U.S. stock market ends a rocky first quarter, investors are looking at what could support equities in the coming months – with high cash levels at companies one potential boost as executives deploy resources for share buybacks, dividends or deals. The S&P 500 posted its first …
‘Robust’ corporate cash may buoy stocks after rocky quarter Read More »
By Doyinsola Oladipo and Nivedita Balu NEW YORK (Reuters) -Workers at an Amazon.com Inc warehouse in New York City voted to form the first union at the second-largest U.S. private employer, a victory that adds to recent grassroots successes by labor activists pushing into new industries. Employees at the online retailer’s fulfillment center in the …
New York warehouse workers vote to form first U.S. union at Amazon Read More »
By Jeffrey Dastin, Danielle Kaye and Julia Love (Reuters) – A vote by Amazon workers to organize their warehouse in New York surprised and inspired long-time labor backers, for whom a new reality is settling in: It can be done, though it won’t be easy. News on Friday of the first-ever U.S. union coming to …
Analysis-Big victory at Amazon gives unions promise – but no end to challenges Read More »
By Hilary Russ (Reuters) -The COVID-19 pandemic, labor shortage, Black Lives Matter movement and other social and economic forces have contributed to an uptick in high-profile union organizing across the United States including a victory on Friday at an Amazon.com Inc warehouse in New York City. Among U.S. wage and salary workers last year, 10.3% …
Factbox-Recent U.S. union wins at Amazon, Starbucks and more Read More »
By Aishwarya Nair (Reuters) – U.S. automakers on Friday reported a slump in first-quarter domestic sales, as the entire industry was slammed by chip shortages and disruptions to supply chains. Toyota, which in 2021 upstaged GM as the top-selling automaker in the United States, outsold the company in the first quarter on increased demand for …
By Howard Schneider WASHINGTON (Reuters) -Fear that the war in Ukraine would tilt the U.S. economy towards a 1970s-style bout of stagflation has given way to signs that Americans plan to keep traveling, returning to restaurants, and continuing a steady if still incomplete return to “normal.” The latest nonfarm payrolls report released Friday showed employers …
U.S. economy not letting war, pandemic get in the way of a good time Read More »
By Elizabeth Culliford (Reuters) – Facebook-owner Meta is no longer requiring employees to have COVID-19 boosters to enter its offices in the United States, a company spokesperson said on Friday. The social media company previously said that all workers returning to the office would have to present proof of their booster jabs, while the company …
Meta no longer requiring COVID booster shots for staff in U.S. offices Read More »
By Chuck Mikolajczak NEW YORK (Reuters) – The S&P 500 rose modestly to kick off the second quarter on Friday, as the monthly jobs report indicated a strong labor market and is likely to keep the Federal Reserve on track to maintain its hawkish policy stance. The Labor Department’s employment report showed a rapid hiring …
Wall St posts modest gains as jobs report keeps Fed hikes on track Read More »
