Latest News

U.S. Rail Strike Has Been Averted, Says Labor Department

0

U.S. Rail Strike Has Been Averted, Says Labor Department By Investing.com

Breaking News

‘;

Economy 5 minutes ago (Sep 15, 2022 11:12)

© Reuters

By Geoffrey Smith 

Investing.com — The threat of a U.S. rail strike has been averted, the Department of Labor said in a statement early Thursday.

“Moments ago, following 20 consecutive hours of negotiations at the Department of Labor, rail companies and union negotiators came to a tentative agreement that balances the needs of workers, businesses and our nation’s economy.”

“The Biden Administration applauds all parties for reaching this hard-fought, mutually beneficial deal,” it added.

It gave no details of the ‘tentative agreement’, which had revolved around key ‘quality of life’ demands made by the sector’s two largest unions, BLET and SMART TD.

Analysts had warned that a strike would have had a severe impact on domestic supply chains that have still not entirely recovered from the effects of the pandemic. 

U.S. Rail Strike Has Been Averted, Says Labor Department

Factbox-How does the Xi and Putin ‘no limits’ partnership work?By Reuters – Sep 15, 2022

By Guy Faulconbridge LONDON (Reuters) – The last time Xi Jinping met Vladimir Putin face to face just before the Ukraine war, the two 69-year-old leaders sealed a “no limits”…

World Bank earmarks $30 billion to help offset food shortages worsened by war in UkraineBy Reuters – Sep 15, 2022

By Daria Sito-Sucic SARAJEVO (Reuters) – The World Bank is willing to provide up to $30 billion to combat global food shortages aggravated by Russia’s invasion of Ukraine and has…

LVMH to turn off lights at night in French storesBy Reuters – Sep 15, 2022

PARIS (Reuters) – LVMH (EPA:LVMH) plans to turn off the lights at its stores at night, starting in France in October, with plans to deploy the energy-saving measure in other parts…

Our Apps



Terms And Conditions
Privacy Policy
Risk Warning

© 2007-2022 Fusion Media Limited. All Rights Reserved.

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

Factbox-How does the Xi and Putin ‘no limits’ partnership work?

Previous article

Rail Deal, Retail Sales, Xi Meets Putin – What’s Moving Markets

Next article

You may also like

Comments

Leave a reply

Your email address will not be published.

More in Latest News