Thursday, 7 April 2022

Reuters Business: Walmart boosts industry-leading U.S. trucker pay to $110,000, starts retraining program

Walmart boosts industry-leading U.S. trucker pay to $110,000, starts retraining program

Walmart said it is boosting starting pay for its 12,000 long-haul truck drivers who deliver merchandise to its stores and Sam's Clubs locations amid a U.S. shortage of drivers that threatens to prolong supply chain snarls and merchandise shortages.

U.S. must do more to strengthen ties with Brazil- U.S commerce official

The Biden administration is not doing enough to forge a long-term alliance with Brazil, Myron Brilliant, the U.S. Chamber of Commerce's head of the international affairs division, told a press conference in Sao Paulo on Thursday.

Russia says rouble appreciations poses no threat to fiscal policy

The recent sharp strengthening of the rouble "does not pose a risk to Russia's fiscal policy," the finance ministry said on Thursday.

Fed's Bostic, Evans back rate rises with dovish overtones

As expectations rise that the U.S. Federal Reserve will step up its efforts to contain inflation with bigger interest rate hikes, Chicago Fed President Charles Evans and Atlanta Fed President Raphael Bostic on Thursday provided a somewhat dovish counterpoint.

Amazon objects to union's victory in Staten Island, alleging interference

Amazon.com Inc alleged without providing evidence that the union that Staten Island workers voted to join had threatened staff to vote in favor of organizing, as part of objections the retailer is filing to last week's election.

New lithium technology can help the world go green -- if it works

Rio Tinto, General Motors and even the U.S. Energy Department are investing heavily in a crop of newer technologies that could revolutionize the way lithium is produced for electric vehicle batteries.

JetBlue faces struggle in selling Spirit takeover bid to investors

Robin Hayes, the ebullient chief executive of JetBlue Airways Corp , was on an Amtrak train on Tuesday coming back from Boston when news broke that his company had made an offer to acquire Spirit Airlines Inc .

Activision to convert over thousand temporary workers to full-time roles

Activision Blizzard Inc said on Thursday nearly 1,100 U.S.-based temporary and contingent quality assurance workers of some divisions will be converted to full-time employees, starting July 1.

How the U.S. plans to starve Russia's 'war machine' -Treasury's Adeyemo to Reuters

The United States is ramping up sanctions against Russia to deprive Moscow's "war machine" of money and components needed to sustain its invasion of Ukraine, but curbing a main source of funding, Russian energy exports, will take time, U.S. Deputy Treasury Secretary Wally Adeyemo told Reuters on Thursday.

Sempra wins extension on Texas LNG project; NextDecade also seeks extension

The Federal Energy Regulatory Commission (FERC) said on Thursday it granted Sempra Energy an extension to build two pipelines in Texas and Louisiana to connect to a Texas liquefied natural gas (LNG) plant, and NextDecade Corp is also seeking more time to build a Texas LNG project.

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