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US manufacturing is slowing modestly; Excess stocks are a major concern

The manufacturing index fell to 52.8 in July from 53.0 in June Contract new orders, improve supplier deliveries slowing increases in input prices; Accumulation of stocks WASHINGTON (Reuters) – U.S. manufacturing activity slowed less-than-expected in July, and there were signs that supply constraints were easing, with a measure of prices paid for inputs from factories …

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Lufthansa pilots vote in favor of industrial strike over wages

A picture of the Lufthansa logo at Frankfurt Airport in Germany, September 21, 2020. REUTERS/Ralph Orlovsky Register now to get free unlimited access to Reuters.com Register Return of pilots in the German carrier with a margin of 97.6% The pilots of the “Suez” unit refuse the contract offer Strikes and staff shortages have already hit …

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The Fed’s aggressive rate hike path bolstered by new inflation and wages data

July 29 (Reuters) – Federal Reserve Chairman Jerome Powell said this week that he is looking for convincing signs that inflation is abating before the U.S. central bank gives up its steepest set of interest rate hikes in decades. In data released on Friday, he got largely the opposite. Inflation according to the Fed’s preferred …

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The Federal Reserve revealed another big rate hike as signs of an economic slowdown grow

US Federal Reserve Chairman Jerome Powell takes questions during a press conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, US, June 15, 2022. REUTERS/Elizabeth Frantz/File Photo Register now to get free unlimited access to Reuters.com Register WASHINGTON (Reuters) – With the Federal Reserve expected to raise its key interest …

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Biden meets with CEOs and workers. Supports bill to boost US chip production

US President Joe Biden delivers remarks on climate change and renewable energy at the site of the former Brighton Point Power Plant in Somerset, Massachusetts, US July 20, 2022. REUTERS/Jonathan Ernst/File Photo Register now to get free unlimited access to Reuters.com Register WASHINGTON, July 25 (Reuters) – President Joe Biden met virtually on Monday with …

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Lufthansa ground employees hit more than 9.5% of payment claims

The planes of German airline Lufthansa are photographed on the day of the company’s annual general meeting at Frankfurt Airport, Germany, May 4, 2021. REUTERS / Kai Waffenbach Register now to get free unlimited access to Reuters.com Register BERLIN (Reuters) – Workers on the ground at Deutsche Lufthansa (LHAG.DE) are organizing a one-day strike on …

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Exclusive: Hyundai subsidiary used child labor at Alabama plant

LOVERN, Alabama (Reuters) – A subsidiary of Hyundai Motor Co. used child labor at a plant that provides parts for the Korean automaker’s assembly line in nearby Montgomery, Alabama, according to area police, the family of three underage workers. and eight former and current employees of the factory. These people said that minor workers, in …

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