American Airlines faces strike threat as union negotiations stall

INSIDER
One of the world's top airlines is ending its cabin services early to safeguard against rising turbulence
Korean Air said it would end cabin service 20 minutes earlier, before the plane descends, because of concerns over increased turbulence.
Reuters
German car industry urges EU to drop tariffs on China-made cars
BERLIN (Reuters) -Germany's VDA auto association has urged the European Commission to drop its planned tariffs on China-made electric vehicles in a last-ditch effort to influence negotiations ahead of the tariffs which take effect on Thursday. The association said in a statement on Wednesday the tariffs would hurt European and U.S. carmakers exporting from China and risked retaliation by China with counter-tariffs, which would hit the German industry hard given its high volume of exports to China.
WSJ
Chinese Imports Are Rising Again. Here’s What It Means for U.S. Jobs
Cheap Chinese goods helped keep inflation low in the early 2000s, but at the cost of U.S. manufacturing. As those imports surge again, here’s what’s changed and what it means for American jobs.
BuzzFeed
26 Extremelyyyyyy Useful Industry Hacks That Companies Don't Want Customers To Know
"I've flown round trip to Chicago for $30, Houston for $45, Miami for $50, etc."
Associated Press
Chinese firms eye Morocco as way to cash in on US electric vehicle subsidies
After the United States passed new subsidies designed to boost domestic electric vehicle production and cut into Beijing’s supply chain dominance, Chinese manufacturers began investing in an unlikely place: Morocco. In the rolling hills near Tangiers and in industrial parks near the Atlantic Ocean, they have announced plans for new factories to make parts for EVs that may qualify for $7,500 credits to car buyers in the United States. Similar investments have been announced in other countries that share free trade agreements with the United States, including South Korea and Mexico.
AFP News
Indonesia launches first EV battery plant
Indonesia launched its first electric vehicle battery plant on Wednesday, President Joko Widodo said, as Southeast Asian countries move to gain a foothold in the emerging industry.The plant is part of a $9.8 billion electric vehicle battery deal signed between Indonesia and LG in 2020.
Simply Wall St.
Exploring Three SGX Stocks With Intrinsic Value Discounts Ranging From 43% To 47.2%
Amidst a landscape of heightened vigilance against financial fraud, as highlighted by initiatives from major banks like National Australia Bank, investors in the Singapore market may find reassurance in focusing on fundamentally sound investments. In this context, identifying stocks trading below their intrinsic value can offer a prudent strategy, especially when market conditions underscore the need for careful investment choices.
AFP News
China's BYD opens EV plant in Thailand despite slowdown, tariff row
China's electric vehicle giant BYD opened a factory in Thailand on Thursday, continuing its international expansion despite a market slowdown and hours before the European Union was due to impose swingeing tariffs on Chinese EV firms.China has led the global shift to electric vehicles, with almost one in three cars on its roads set to be electric by 2030, according to the International Energy Agency's annual Global EV Outlook.
The Telegraph
BMW attacks EU tariffs on Chinese electric car imports
BMW has accused the European Union of protectionism as Brussels prepares to hit imported Chinese electric cars with a wave of tariffs.
AFP News
EU slaps Chinese electric cars with tariffs of up to 38%
The European Union on Thursday slapped extra provisional duties of up to 38 percent on Chinese electric car imports because of Beijing's "unfair" support, a move that risks escalating tensions with Beijing.- Expected cut to imports - The United States has already hiked customs duties on Chinese electric cars to 100 percent, while Canada is considering similar action.
BBC
EU hits Chinese electric cars with new tariffs
The move poses a challenge to Beijing, which hopes EVs will help revive the country's flagging economy.
WSJ
Watch: Passenger Stuck in Overhead Bin Following Severe Turbulence
Turbulence led to dozens of injuries, including several taken to intensive care, after an Air Europa aircraft flying from Spain to Uruguay with 325 passengers was forced to make an emergency landing in Brazil.
Reuters
MG, Nio hint at car price increases this year following EU EV tariff decision
Chinese brands MG and Nio suggested on Thursday they might raise prices of their cars in Europe later this year, following the European Union's decision to confirm tariffs on Chinese-imported EVs. The EU will impose tariffs of up to 37.6% from Friday on imports of electric vehicles made in China, EU officials said, ratcheting up tensions with Beijing in Brussels' largest trade case yet. Chinese automaker Nio said in a statement it might adjust prices of its cars in Europe as a result of the EU's decision on tariffs.
Reuters
Russian firms raise zinc output to meet government demand, sources say
Russian firms have boosted zinc metal production over the past month to benefit from rising state demand and reduce reliance on China as a destination for material, two sources familiar with the matter told Reuters. Russia's output of zinc used to galvanise steel is a fraction of the global total, but it will add to tightness in the global zinc concentrate market as seen in China's imports. Russia's commodity exports to China soared after Western sanctions were imposed on Moscow for its invasion of Ukraine in Feb. 2022.
Reuters
China EV makers brace for tariffs as Beijing, EU engage in talks
With the clock ticking for the European Commission to impose provisional tariffs on electric vehicles made in China, automakers are bracing for billions of dollars in new costs that analysts expect will slow their European expansion. "The Chinese EV brands' march into Europe will continue on," said Lei Xing, founder of consultancy AutoXing. China and the European Commission have been in negotiations since last week over the curbs that Beijing and some European automakers want scrapped.
Reuters
Alaska Airlines flight attendants set for 32% average pay rise in new tentative contract
The agreement, yet to be ratified by the Associate of Flight Attendants union members, is also the first to make boarding pay legally binding for unionized flight attendants, the union said on Tuesday. Flight attendants in the U.S. are usually paid an hourly rate after the flight cabin doors close and it does not include the time taken to onboard passengers. "With boarding pay, we achieve significant pay increases," the union said.
BBC
Bird flu hits McDonald's Australia breakfast hours
The fast food giant is serving its full breakfast menu in the country until 10:30am, instead of midday.
Associated Press
Stock market today: Asian shares are mostly higher after Wall Street hits more records
Shares were mostly higher in Asia on Thursday after Wall Street’s record-breaking rally powered on. Shares fell in Chinese markets but rose in the rest of the region. U.S. futures were nearly unchanged and oil prices fell.
Fortune
The workplace attention span is dead: 60% of employees can’t go 30 minutes without getting distracted
As more workers return to the office, they risk getting distracted by coworkers, manager check-ins, and meetings.
Fortune
Elon Musk got his mega-pay package, but Marc Benioff might not be so lucky
CEO pay balloons post-pandemic, but shareholders at Salesforce start to check their executives’ compensation.

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American Airlines faces strike threat as union negotiations stall

Latest stories

One of the world's top airlines is ending its cabin services early to safeguard against rising turbulence

German car industry urges EU to drop tariffs on China-made cars

Chinese Imports Are Rising Again. Here’s What It Means for U.S. Jobs

26 Extremelyyyyyy Useful Industry Hacks That Companies Don't Want Customers To Know

Chinese firms eye Morocco as way to cash in on US electric vehicle subsidies

Indonesia launches first EV battery plant

Exploring Three SGX Stocks With Intrinsic Value Discounts Ranging From 43% To 47.2%

China's BYD opens EV plant in Thailand despite slowdown, tariff row

BMW attacks EU tariffs on Chinese electric car imports

EU slaps Chinese electric cars with tariffs of up to 38%

EU hits Chinese electric cars with new tariffs

Watch: Passenger Stuck in Overhead Bin Following Severe Turbulence

MG, Nio hint at car price increases this year following EU EV tariff decision

Russian firms raise zinc output to meet government demand, sources say

China EV makers brace for tariffs as Beijing, EU engage in talks

Alaska Airlines flight attendants set for 32% average pay rise in new tentative contract

Bird flu hits McDonald's Australia breakfast hours

Stock market today: Asian shares are mostly higher after Wall Street hits more records

The workplace attention span is dead: 60% of employees can’t go 30 minutes without getting distracted

Elon Musk got his mega-pay package, but Marc Benioff might not be so lucky