Ford, United Auto Workers Reach Deal That Could End Strike

Ford, United Auto Workers Reach Deal That Could End Strike

The United Auto Workers union and Ford have reached a tentative agreement that could end the nearly six-week strike against the iconic Detroit automaker, the union announced Wednesday. The deal, the full details of which were not immediately released, must still be ratified in a vote by the 57,000 union members who work at Ford. … Read more

What Happens When Facebook Heats Your Home

What Happens When Facebook Heats Your Home

For Big Tech, there are few better places to experiment with data center heating than in the Nordics. This idea works best when data centers can be connected to preexisting district heating systems, where a group of buildings share a common heating system instead of each having their own. These communal systems are commonplace in … Read more

Mortgage demand slips despite drop in interest rates

Mortgage demand slips despite drop in interest rates

House for sale with “For Sale” real estate sign in yard in spring or summer season. No people. Fstop123 | E+ | Getty Images Mortgage demand fell last week compared with the previous week, despite a continued drop in rates, according to the Mortgage Bankers Association‘s seasonally adjusted index.  The average contract interest rate for … Read more

In Milwaukee, Biden looks to highlight progress for Black-owned small businesses

In Milwaukee, Biden looks to highlight progress for Black-owned small businesses

WASHINGTON (AP) — President Joe Biden is aiming to use a visit to the battleground state of Wisconsin on Wednesday to spotlight a surge in federal government support for Black-owned small businesses during his White House tenure and to highlight his administration’s efforts to ramp up investment in distressed communities. The Small Business Administration in … Read more

Wages increase as businesses struggle in a tight labour market, ABS data shows

Wages increase as businesses struggle in a tight labour market, ABS data shows

Workers in some sectors have received one-off pay boosts as a tight labour market keeps pressure on wages. Firm growth in the wage price index is expected for the September quarter, following the 0.8 per cent quarterly increase in three months to June that was slightly below forecasts. Compared to a year earlier, the Australian … Read more

Tui surges 9% on full-year results, profit forecast

Tui surges 9% on full-year results, profit forecast

A Boeing 787 ‘Dreamliner’ plane with the logo of tourism giant TUI at Hanover airport in Langenhagen, central Germany. JULIAN STRATENSCHULTE | AFP | Getty Images Shares of Tui were roughly 9% higher mid-morning Wednesday after the German travel group posted full-year results that showed underlying earnings before interest and taxes (EBIT) soared 139%. Revenue rose 11% to 8.5 billion … Read more

At least 66% of jobs lost in Gaza, more losses possible, ILO says

At least 66% of jobs lost in Gaza, more losses possible, ILO says

At least 66% of jobs have been lost in Gaza since the Israel-Hamas conflict erupted in October, the International Labour (ILO) said on Wednesday, warning that employment losses could continue to increase in the enclave. The losses amount to a total of 192,000 jobs in the small Palestinian territory, the ILO said in its second … Read more

UAW Strike May End With ‘Historic Deal’ With General Motors

UAW Strike May End With ‘Historic Deal’ With General Motors

The United Auto Workers union reached a tentative agreement on a new contract for 48,000 General Motors workers on Monday, bringing a potential end to the union’s roughly six-week strike against the “Big Three” automakers. The union said it had achieved a core demand in talks with GM: putting battery plant employees under the UAW … Read more