Scientists warn that omicron's rapid spread across the globe practically ensures it won't be the last worrisome coronavirus variant. (Jan.12)
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WASHINGTON (Reuters) -The U.S. government said on Friday it would suspend 44 China-bound flights from the United States by four Chinese carriers in response to the Chinese government's decision to suspend some U.S. carrier flights over COVID-19 concerns. The suspensions will begin on Jan. 30 with Xiamen Airlines’ scheduled Los Angeles-to-Xiamen flight and run through March 29, the Transportation Department said. The decision will cut some flights by Xiamen, Air China, China Southern Airlines and China Eastern Airlines.
(Bloomberg) -- Farm equipment giant John Deere boasted record profits in 2021 as the global pandemic made consumers and countries more reliant than ever on a functioning agricultural sector. Also last year, unionized workers demanded a piece of the company’s growing pie, and after a strike forced John Deere to provide better compensation to the men and women who make its products.Most Read from BloombergEarly Omicron Breakthroughs Show mRNA Vaccines’ WeaknessJeremy Grantham Doubles Down on Crash
PARIS (Reuters) -Qatar Airways took a spiralling $4 million-a-day dispute with Europe's Airbus to social media on Friday, publishing a video https://www.youtube.com/watch?v=mKN0SpWeILo&feature=youtu.be of the scarred exterior of grounded A350 jets that the airline said underscored "serious and legitimate safety concerns." The two companies have been locked for months in a dispute over deterioration to paint and anti-lightning protection on the long-haul jets, which Airbus has acknowledged needs attention while insisting it does not put safety at risk. Qatar Airways hit back with the first official images of jets grounded by its national regulator in a bid to keep the spotlight on technical matters after Airbus accused the state-owned airline of engineering the dispute to obtain compensation.
PARIS (Reuters) -Airbus on Thursday raised the stakes in a dispute with major customer Qatar Airways over grounded and undelivered A350 jets by announcing it had revoked a separate contract for 50 smaller A321neo jets the airline plans to use for new routes. The move widens a dispute that moved closer towards a rare courtroom clash on Thursday, with a procedural hearing over Qatar's claim for more than $600 million in compensation over A350 flaws pencilled in for the week of April 26 in London. Airbus revealed it was walking away from the contract for A321neos in skeletal arguments presented during a scheduling session over the A350 dispute at a division of Britain's High Court on Thursday, people familiar with the matter said.
- Miami Herald
Venezuela has doubled its oil production in recent months thanks to Iran and other players that are helping it evade U.S. sanctions, but the country’s industry is now running near the top of its capacity and it is unlikely it could go much higher than current output levels, according to industry analysts.
- Lexington Herald-Leader
OpEd: I’m beginning to think that maybe it’s not the workers who are at fault here.
- Detroit Free Press
A new study shows that wages are not keeping pace with the escalating prices of new and used cars.
Speaking in a virtual panel of the World Economic Forum, Tai cautioned against a backward-looking "return to normalcy" after two years of COVID-19-induced disruptions. "I think that it is time for us to acknowledge that our goal really shouldn't be to try to go back to the way the world was, say in 2019, but to take lessons, very hard earned lessons, very painful lessons that we have experienced over the past two years and take this opportunity to build toward something that is different and better," Tai said. Key to this will be to strengthen and diversify supply chains, she said.
(Bloomberg) -- Intel Corp. will announce Friday the next step in Chief Executive Officer Pat Gelsinger’s plan to build up semiconductor production in the U.S., seeking to restore the chipmaker’s edge in manufacturing technology.Most Read from BloombergCrypto Crash Erases More Than $1 Trillion in Market ValueTech Leads Stocks to Worst Week Since March 2020: Markets WrapJeremy Grantham Doubles Down on Crash Call, Says Selloff Has StartedBitcoin Chart Hints at Possible Floor for SlideAmerican Airli
(Bloomberg) -- Wholesale U.S. prices for fertilizer are dropping, and that could signal easing food-cost pressures and relief for farmers getting set for spring planting.Most Read from BloombergCrypto Crash Erases More Than $1 Trillion in Market ValueTech Leads Stocks to Worst Week Since March 2020: Markets WrapJeremy Grantham Doubles Down on Crash Call, Says Selloff Has StartedBitcoin Chart Hints at Possible Floor for SlideAmerican Airlines Sues The Points Guy Over Its Rewards Management AppCor
Chinese woman told by Lowe's customer to go back to her country is scolded by store employee for filming
A Lowe’s in Illinois has come under fire after a Chinese woman and Springfield resident claims another customer told her to go back to her country. Xuna Hu says she was shopping for two fire pits when the other customer tried to get Hu to hand over one of the pits, leading up to the alleged racist encounter at a Lowe’s branch on Wabash Avenue on Jan. 17. "I was like alright, I’ll just give you one then,” Hu told WICS Channel 20.
"I didn't get a pay raise, promotion, or even a pat on the back."View Entire Post ›
Workers are in the driver's seat in the labor market, and that doesn't look likely to change anytime soon. It's also starting to alter the competitive landscape across the business world.Driving the news: The terms of competition are shifting, especially in labor-intensive industries. Companies that have some distinct advantage in their ability to attract the best workers are likely to fare better.Get market news worthy of your time with Axios Markets. Subscribe for free.Why it matters: It's not
- American City Business Journals
The space company has 4,000 employees nationwide but none in Colorado right now. The brewery is considering expansion in Texas instead of locally.
- South China Morning Post
Hong Kong's banking talent shortage worsened by zero-Covid rules must be urgently addressed, industry association says
Hong Kong's banks face a severe talent shortage, as stringent quarantine and travel rules in a relentless pursuit of the city's zero-Covid policy have deterred visitors and cut off the supply of skilled labour for boosting the local workforce. The shortage has worsened over the course of the last year, as the government's zero-Covid rules - from 21-day quarantines to school breaks and lockdowns - have begun to grind on many expatriate staff after two years, according to the Hong Kong Association
Oil has been rallying to start the year, with no shortage of bullish factors working to lift prices to their highest levels in more than seven years, raising expectations that the per-barrel cost of the commodity will soon reach $100.
(Bloomberg) -- Intel Corp. plans to spend $20 billion on a chipmaking hub on the outskirts of Columbus, Ohio, which the company expects to grow to be the world’s biggest semiconductor-manufacturing site.Most Read from BloombergCrypto Crash Erases More Than $1 Trillion in Market ValueTech Leads Stocks to Worst Week Since March 2020: Markets WrapJeremy Grantham Doubles Down on Crash Call, Says Selloff Has StartedBitcoin Chart Hints at Possible Floor for SlideAmerican Airlines Sues The Points Guy O
"I refused to come in on my scheduled days off. They said my work ethic was lacking."View Entire Post ›
Dealers who don't end bad practices like overcharging on reservation fees, adding massive "market adjustment" prices or using sales brokers will risk losing their Chevy Corvette Z06 allotments.
As part of an effort to regain its position as a leading maker of semiconductors amidst a global chip shortage, Intel is committing $20 billion to build a manufacturing mega-site in New Albany, on the outskirts of Columbus, Ohio, the company exclusively confirmed to TIME. The chip maker says it will build at least two semiconductor fabrication plants, or fabs, on the 1,000-acre site, where Intel will research, develop, and manufacture its most cutting-edge computer chips, employing at least 3,000 people. Intel’s announcement is the largest private-sector investment in Ohio history and a bright spot in what has been a dismal few decades for manufacturing in Ohio and the Midwest.