No tax cuts yet, UK finance minister Hunt tells Conservatives

No tax cuts yet, UK finance minister Hunt tells Conservatives

[1/2]British Chancellor of the Exchequer Jeremy Hunt attends the Britain’s Conservative Party’s annual conference in Manchester, Britain, October 2, 2023. REUTERS/Hannah McKay Acquire Licensing Rights Hunt cannot commit to pre-election tax cuts Repeats Sunak’s mantra of ‘tough decisions’ Truss will put more pressure on government MANCHESTER, England, Oct 2 (Reuters) – British finance minister Jeremy … Read more

Air Canada pilots stage protests in Toronto as contract deadline looms

Air Canada pilots stage protests in Toronto as contract deadline looms

Air Canada planes are parked at Toronto Pearson Airport in Mississauga, Ontario, Canada April 28, 2021. REUTERS/Carlos Osorio/File Photo Acquire Licensing Rights Sept 29 (Reuters) – Air Canada (AC.TO) pilots staged a protest at Toronto’s Pearson Airport on Friday, demanding better pay and benefits as talks over a new contract covering 4,500 pilots at Canada’s … Read more

Biden takes economic pitch to battleground Pennsylvania

Biden takes economic pitch to battleground Pennsylvania

U.S. President Joe Biden leaves following services at St. Edmond’s Catholic Church in Rehoboth Beach, Delaware, U.S. September 3, 2023. REUTERS/Amanda Andrade-Rhoades/File Photo Acquire Licensing Rights REHOBOTH BEACH, Delaware, Sept 4 (Reuters) – President Joe Biden travels to Philadelphia on Monday to mark U.S. Labor Day in a political battleground state where the White House … Read more

US unemployment rate spikes to 3.8%; labor market still has momentum

US unemployment rate spikes to 3.8%; labor market still has momentum

Nonfarm payrolls increase 187,000 in August Unemployment rate rises to 3.8% from 3.5% in July Average hourly earnings gain 0.2%; up 4.3% year-on-year WASHINGTON, Sept 1 (Reuters) – U.S. job growth picked up in August, but the unemployment rate jumped to 3.8% and wage gains moderated, suggesting that labor market conditions were easing and cementing … Read more

US trucking company Yellow shuts down operations, Wall Street Journal reports

US trucking company Yellow shuts down operations, Wall Street Journal reports

July 30 (Reuters) – The Teamsters said on Sunday that the union was served a notice that Yellow Corp (YELL.O) is ceasing operations and filing for bankruptcy. “Yellow has historically proven that it could not manage itself despite billions of dollars in worker concessions and hundreds of millions in bailout funding from the federal government,” … Read more