BUSINESS

The "cost of living crisis" has replaced "weather extremes" as the most urgent issue the world will have to deal with in the coming decade, per the annual WEF meeting. About a week before their convention in Davos, Switzerland, on Jan. 11, WEF members released the Global Risks Report 2023.

Amazon Workers in New York Reject Union in Blow to Organizing Effort
(Reuters) — Amazon.com Inc workers rejected by a nearly two to one margin organizing a warehouse in a...

Missouri Pulls $500 Million From BlackRock Over Asset Manager ESG
(Reuters) — Missouri has pulled $500 million out of pension funds managed by BlackRock Inc, state Treasurer...

South Africa’s Transnet Agrees to Three-Year Wage Deal With Majority Labor Union
(Reuters) — South African state-owned logistics firm Transnet said on Monday, Oct. 17 that it had agreed...

‘The Time for Negotiations is Over,’ Says French Finance Minister Amid Worsening Petrol Crisis
The time for talking is over, French Finance Minister Bruno Le Maire said on Monday, Oct. 17 as the government...

The Auto Industry’s Supply Chain Is About to Get Wrecked, Says Major Analyst Firm
It can perhaps be said that an embattled automotive industry’s supply chain is facing a certain kind...

Alaska’s Snow Crab Season Canceled After a Billion Crabs Vanish
The Alaska Department of Fish and Game has canceled the winter snow crab season for the first time in...

Royal Mail Warns of ‘Thousands of Job Cuts’ As it Slides into Red
London (Reuters) — Royal Mail could cut up to 10,000 jobs and the loss-making business warned of more...

Vodafone in Advanced Talks to Finalize Vantage Stake Sale by Nov. 15: Sources
LONDON (Reuters) — Vodafone is speeding up talks with a handful of financial investors to sell a slice...

Biden Hails IBM’s $20 Billion Manufacturing Deal
U.S. President Joe Biden on Thursday, Oct. 6 championed his administration's push to subsidize U.S. semiconductor...