The Teamsters union, which represents hundreds of thousands of UPS employees, is set to reveal Friday whether it has authorized a strike against the delivery service -- a work stoppage seen as unlikely, but one that would certainly rattle the US economy.. Shipping industry experts expect UPS and the Teamsters to strike a deal that raises pay, but not to the degree sought by the union, said Third Bridge analyst Anthony DeRuijter.
Despite a biting economic crisis, restaurants in Buenos Aires are full and queues for theater and concert tickets long.. "We are very tired of economic problems," 25-year-old chef Santiago Basavilbaso told AFP as he shopped for fresh produce for his restaurant.
After years on the sidelines, financial regulators in the United States are throwing the book at the free-wheeling cryptocurrency industry, with angry entrepreneurs threatening to take their business overseas.. "The US government is making it very difficult for traditional financial institutions", particularly banks, "to engage in cryptocurrencies", said Goforth.
Top Nissan executive Ashwani Gupta is leaving the company, the Japanese automaker confirmed Friday, a day after reports of a leadership clash inside the company.. Nissan said chief operating officer Gupta had "elected to leave the company to pursue other opportunities effective June 27", without detailing the reasons for his departure.
A multi-million-dollar deal between a media group run by Britain's Prince Harry and his wife Meghan Markle, and streaming giant Spotify is to end, a report said Thursday.. But trade title Variety, citing an unnamed source, reported Thursday that Spotify had been expecting more material.
Jack Teixeira, the US airman accused of leaking top-secret Pentagon documents in an online chat forum, was slapped with additional federal charges on Thursday.. Teixeira was an airman first class, the third-lowest rank for enlisted US Air Force personnel and had possessed a top secret security clearance since 2021.
After a Covid-induced break, the Paris Air Show returns next week with the aerospace industry bouncing back from the pandemic but facing pressure to slash its carbon footprint.. The aerospace industry is flocking back to Le Bourget airport on the outskirts of Paris with a spring in its step, as aircraft makers field hundreds of orders and airlines brace for a near-record number of passengers this year.
Global supply chains need to be redesigned to boost their resilience, US Trade Representative Katherine Tai is expected to say Thursday, stressing that this is "vital for greater national and economic security.". "Fragile supply chains and an unsustainable version of globalization" call for reform and improvements, and such challenges will have a bearing on trade policy, she says, in excerpts of a speech to be delivered at the National Press Club.
Retail sales in the United States grew at a slower pace in May but still came in stronger than expected, according to government data released Thursday, on the back of falling gas station sales.. A nearly six percent fall in May consumer price inflation for gas would likely have dragged on gas station sales, said a report by Pantheon Macroeconomics.
Nigeria's central bank has abolished the country's multiple exchange rate system and effectively floated the naira currency, the bank said, as new President Bola Ahmed Tinubu revamps the country's monetary policies.. The naira will also be traded at a "willing buyer, willing seller" market rate instead of regulated rates against the US dollar and other currencies, the statement said.
