The number of unionization campaigns has jumped in the 2022 fiscal year, according to federal data released Wednesday, reflecting how the tight US labor market has created opportunity for organized labor. . Through the first three quarters of fiscal 2022 -- from October 1 to June 30 -- there were 1,935 unionization campaigns filed with the National Labor Relations Board, up 56 percent from the prior year.
The US Senate on Wednesday confirmed President Joe Biden's nominee for the role of the top Federal Reserve banking cop, a key oversight role for US fiscal policy.. She withdrew from consideration in March after a key Democratic senator said he would not support her.
Twitter shares jumped Wednesday after a hedge fund revealed it had taken a stake in the firm based on its "strong case" against Elon Musk for moving to back out of his $44 billion buyout bid.. "Twitter is suing to enforce the entire $44 billion merger price and they have a strong case," Anderson said.
Shares of Delta Air Lines tumbled Wednesday as swelling costs pressured quarterly earnings, despite persistently robust demand that so far appears resilient amid inflation. . Executives said cost pressures should ease in the second half of the year as Delta puts off growth plans and focuses on improving operations.
The European Space Agency has officially terminated cooperation with Russia on a mission to put a rover on Mars, with Russia's space chief furiously responding by banning cosmonauts on the ISS from using a Europe-made robotic arm.. "Has the head of the European Space Agency thought about the work of thousands of scientists and engineers in Europe and Russia which has been ended by this decision?
US inflation surged to a fresh peak of 9.1 percent in June, further squeezing American families and heaping pressure on President Joe Biden, whose ratings have taken a battering from the relentless rise in prices. . But the Federal Reserve is likely to continue its aggressive interest rate increases as it tries to tamp down the price surge by cooling demand before inflation becomes entrenched.
High oil prices have yet to dampen demand which is set to continue rising and may soon outstrip supply, the International Energy Agency warned Wednesday.. "Without strong policy intervention on energy use, risks remain high that the world economy falls off-track for recovery," the Paris-based agency that advises industrialised nations on energy policy said in its latest monthly report on oil markets.
A Tokyo court Wednesday ordered former executives from the operator of the Fukushima nuclear plant involved in the 2011 disaster to pay around 13 trillion yen ($94.8 billion) in damages, local media said.. Four ex-bosses of Tokyo Electric Power Company (TEPCO) were ordered to pay the damages in a suit brought by shareholders over the nuclear disaster triggered by a massive tsunami.
Thousands of Panamanians took to the street again on Tuesday to protest rising inflation and government corruption, despite the announcement of price cuts for fuel and some food products.. He also announced that his government would draft a decree to freeze the prices of a dozen essential food products.
China's economic expansion slumped in the second quarter to levels not seen since early 2020, an AFP poll of analysts found, owing to painful Covid lockdowns and lingering weakness in the real estate sector.. China's property sector, an important economic driver, was also "still in limbo", while lockdowns have severely hit supply and demand, he told AFP. New home sales for the top 100 developers was 43 percent down on-year in June, according to China Real Estate Information Corporation data, with Nomura analysts adding that metro passenger trips in major cities remained below 2021 levels.
