Tag: AP

May 29

Asian shares and US futures jump after court rules against Trump’s sweeping tariffs

A three-judge panel ruled on several lawsuits arguing Trump exceeded his authority, casting doubt on trade policies that have jolted global financial markets, frustrated trade partners and raised uncertainty over the outlook for inflation and the global economy. The Trump administration filed an appeal, and it was unclear if the White House will respond to […]
May 28

Brazilian prosecutors sue China’s BYD over allegations of slave-like labor conditions

“Working conditions were extremely degrading. Five settlements were kept by BYD, JinJiang and Tecmonta. Some workers slept on beds without mattresses and had their personal belongings alongside with their food,” the prosecutors’ office said. “There were few bathrooms, which were not gender-assigned. In one of the settlements, there was one toilet for 31 people, forcing […]
May 23

Jet engine maker Pratt & Whitney reaches tentative agreement with striking machinists

“Pratt and Whitney is a powerhouse in military and commercial aerospace products because our membership makes it so,” David Sullivan, the union’s eastern territory vice president, said in a statement at the time. “This offer does not address the membership concerns, and the membership made their decision — we will continue to fight for a […]
May 19

Developer to resume NY offshore wind project after Trump administration lifts pause

Equinor President and CEO Anders Opedal thanked President Donald Trump for allowing the project to move forward, saving about 1,500 construction jobs and investments in U.S. energy infrastructure. He also expressed appreciation to New York’s governor, New York City’s mayor, members of Congress and labor groups, as well as Norwegian officials who worked to save […]