BUSINESS

US Dockworkers Launch Strike After Labor Contract Expires

New York Governor Kathy Hochul announces preparations for disruptions for East Coast ports ahead of a potential dockworker strike
Dockworkers at major ports along the US East and Gulf Coasts went on strike Tuesday after last-minute negotiations yielded no new labor contract, a stoppage expected to drag on the world's largest economy just ahead of the November presidential election.
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Everton have long been at the centre of takeover talk

Friedkin Group Reach Deal To Buy Everton

Everton announced on Monday that the US-based Friedkin Group has reached an agreement to buy Farhad Moshiri's majority stake in the struggling Premier League club.
British Prime Minister Keir Starmer has warned that his government's budget announcement will be 'painful'

UK Economic Data Delivers Fresh Blow To New Govt

UK state debt is as big as the country's economic output for the first time since the 1960s, data showed Friday, as the new government warns of tough fiscal decisions before its maiden budget.
Meta, which owns Facebook, WhatsApp and Instagram, recently halted plans to harvest data from European users to train its AI models after pressure from privacy regulators

Meta And Spotify Blast EU Decisions On AI

A group of companies including Meta and Spotify blasted the European Union Thursday for its "fragmented and inconsistent" decision-making on data privacy and artificial intelligence (AI).
Boeing had been hopeful about averting a strike after reaching a preliminary deal that included a 25 percent general wage increase over four years

Boeing Not Taking Strike Talks Seriously, Union Says

The union for striking Boeing workers said Tuesday the aviation giant was not "taking mediation seriously," after some 33,000 US employees walked out last week over a contract dispute, effectively shutting down two Seattle-area plants.
Federal Reserve chair Jerome Powell indicated in recent weeks that a rate cut was coming in September

US Fed Set To Make First Rate Cut Since 2020

The US Federal Reserve is all but certain to cut interest rates on Wednesday for the first time in more than four years, a significant move likely to ripple through global financial markets.
Social media app TikTok has come under scrutiny from the US government

TikTok Battles US Ban Threat In Court

TikTok faced pushback in a federal court on Monday in its efforts to stop a law that requires the app to divest from its Chinese ownership or face a ban in the United States.
Boeing workers in the Seattle, Washington region went on strike against the company on September 13, 2024

Union Says Talks With Boeing To Resume Tuesday

Talks between Boeing and striking US factory workers will resume Tuesday under a federal mediator, the union said, after workers voted overwhelmingly to reject a proposal from the embattled aviation giant.
Apple AirPods that have become smartphone-era style statements are now being tuned to help with hearing health as the iPhone maker continues to weave well-being features into its devices

US Says New Apple AirPods Can Be Hearing Aids

Apple on Thursday got a green light from US regulators to add a feature that would let upcoming AirPods Pro ear pieces be used as hearing aids, potentially disrupting that market.

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