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20238 articles published since 08 Mar 2022

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Boeing defense workers launch strike over contract dispute
Boeing defense workers launch strike over contract dispute
Economy

Thousands of members of a union representing Boeing defense industry workers in the US states of Missouri and Illinois went on strike Monday after rejecting a contract proposal. It came hours after the union said in a statement that members at Boeing facilities in Missouri and Illinois had voted to reject a modified four-year labor agreement with Boeing.

Trump says to name new labor statistics chief this week
Trump says to name new labor statistics chief this week
Economy

President Donald Trump said Monday that he would pick an "exceptional replacement" to his labor statistics chief, days after ordering her dismissal as a report showed weakness in the US jobs market. He added Monday: "I will pick an exceptional replacement."

Tesla approves $29 bn in shares to Musk as court case rumbles on
Tesla approves $29 bn in shares to Musk as court case rumbles on
Economy

Tesla announced an "interim" compensation award worth about $29 billion for Elon Musk on Monday, asserting the need to retain the controversial CEO at a moment of fierce competition for top talent. With that appeal dragging out, Monday's announcement marks an interim step while the company develops a "longer-term CEO compensation strategy," Tesla said in a letter to shareholders.

Stocks rebound on US rate cut bets
Stocks rebound on US rate cut bets
Economy

Most stock markets bounced on Monday on hopes of US interest rate cuts after weak jobs figures raised concerns about the world's top economy. Markets reacted more favourably on Monday, as the slowdown boosted hopes of Fed rate cuts to support the economy.

Swiss eye 'more attractive' offer for Trump after tariff shock
Swiss eye 'more attractive' offer for Trump after tariff shock
Economy

Switzerland said on Monday it was ready to make a better offer to the United States to avoid steep tariffs that are expected to take effect this week. "Switzerland enters this new phase ready to present a more attractive offer, taking US concerns into account and seeking to ease the current tariff situation," the council said in a statement.

Jordan sees tourism slump over Gaza war
Jordan sees tourism slump over Gaza war
Economy

Jordan has seen a decrease in the number of tourists visiting its famed ancient city of Petra and other sites since the Gaza war began in October 2023, according to officials. Although Jordan does not border the Gaza Strip, it has been among several countries across the region impacted by the war between Israel and the Palestinian militant group Hamas.

China's Baidu to deploy robotaxis on rideshare app Lyft
China's Baidu to deploy robotaxis on rideshare app Lyft
Economy

Chinese internet giant Baidu plans to launch its robotaxis on rideshare app Lyft in Germany and Britain in 2026, pending regulatory approval, the two companies said on Monday. Lyft and Baidu said Monday that "in the following years" the fleet of Apollo Go driverless cars will be expanded to thousands of vehicles across Europe.

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