By Sachin Ravikumar LONDON (Reuters) -Britain will introduce legislation to ensure key public services maintain minimum safety levels during industrial action, as the government seeks to limit disruption from strikes now involving tens of thousands of workers. The government said on Thursday it would bring the bill to parliament in the coming weeks and would …
Britain to introduce law to curb strikes in key sectors Read More »
JOHANNESBURG (Reuters) -South Africa’s rand weakened on Thursday as the U.S. dollar jumped after the release of strong employment data, which added to expectations the Federal Reserve could keep hiking rates at an aggressive pace. At 1540 GMT, the rand traded at 17.2850 against the dollar, 2.4% weaker than its previous close. The dollar index, …
By Diane Bartz WASHINGTON (Reuters) – The U.S. Federal Trade Commission, which enforces antitrust law, proposed a rule that would ban companies from requiring workers to sign noncompete provisions as well as some training repayment agreements, which companies use to keep workers from leaving for better jobs, the agency said on Thursday. The proposal seeks …
U.S. moves to ban non-compete provisions that hurt workers Read More »
(Reuters) – Big Tech firms are leading a string of layoffs across corporate America as companies look to rein in costs to ride out the economic downturn. Persisting inflation leading to interest rate hikes, weak consumer demand and an economic slowdown in China have forced firms from Amazon to Walt Disney and banks to trim …
Factbox-Why are tech firms leading job cuts in Corporate America? Read More »
By Philip Pullella and Crispian Balmer VATICAN CITY (Reuters) -Pope Francis led the funeral of former Pope Benedict on Thursday, tenderly touching the coffin of his predecessor as he stood supported on a cane before tens of thousands of mourners, with some calling for the late pontiff to be made a saint. Benedict’s death on …
Supporters demand sainthood for Benedict as Pope Francis leads funeral Read More »
By Pavel Polityuk KYIV (Reuters) – Ukrainian and Russian troops battled in eastern regions on Thursday as Kyiv tried to push back occupying forces, while President Volodymyr Zelenskiy urged the West to provide his army with heavy tanks to boost their firepower. The Ukrainian military said the Russians were focused on an offensive in the …
Ukraine pleads with allies to send tanks as fighting grinds on in east Read More »
By Elizabeth Piper and Andy Bruce LONDON (Reuters) – Prime Minister Rishi Sunak promised on Wednesday to tackle Britain’s most serious problems, from cutting inflation to reducing illegal migration, in a speech aimed at convincing his restive lawmakers he can lead them into the next election. In a speech that was high on ambition but …
Five promises: PM Sunak vows to tackle Britain’s most serious problems Read More »
By Jeffrey Dastin and Uday Sampath Kumar (Reuters) -Amazon.com Inc’s layoffs will now increase to more than 18,000 roles as part of a workforce reduction it previously disclosed, Chief Executive Andy Jassy said in a public staff note on Wednesday. The layoff decisions, which Amazon will communicate starting Jan. 18, will largely impact the company’s …
By Elizabeth Piper and Alistair Smout LONDON (Reuters) -Labour leader Keir Starmer pledged on Thursday to end Britain’s “sticking plaster politics” if his party wins power in the next election, reassuring critics he would not open the chequebook to tackle a myriad of crises buffeting the country. Saying his main opposition party is ready for …
UK’s Labour promises to end ‘sticking plaster politics’ with funded plans Read More »
(Reuters) – Dell Technologies Inc plans to stop using China-made chips by 2024 and has told suppliers to reduce the amount of other made-in-China components in its products amid concerns over U.S.-Beijing tensions, Nikkei reported on Thursday. The computer maker told suppliers late last year that it aims to meaningfully lower the amount of China-made …
Dell looks to phase out Chinese chips by 2024 – Nikkei Read More »
