The only way is up: CEOs warn of prices

Adds CBI survey, AutoNation, SouthWestern, Unilever details Unilever warns that prices will continue to rise over the next year Randstad says the labor shortage will persist for years British manufacturers have increased prices the most since 1980 Oct 21 (Reuters) – For central bankers grappling with whether inflationary pressures are temporary, industry leaders around the … Read more

Tight US labor market triggers strikes for higher salaries

Oct 18 (Reuters) – Thousands of workers continue on strike across the United States, demanding higher wages and better conditions, despite Hollywood makeup artists and cinematographers reaching an agreement over the weekend to avoid lost work and the tense The job market has only encouraged you. Kevin Bradshaw is an employee at Kellogg Co’s (KN) … Read more

Some Sydney students are returning as more COVID-19 curbs are eased

Shoppers wait to enter stores with limited capacity at a downtown mall as stores reopen to vaccinated customers following the relaxation of coronavirus disease (COVID-19) regulations following months of lockdown orders to curb the surge in cases in Sydney, Australia, October 12, 2021. REUTERS / Loren Elliott Sydney schools are reopening after almost 4 months … Read more

Taiwan’s Foxconn is showing three prototypes of electric vehicles

Taipei, October 18 (Reuters) – Taiwanese tech giant Foxconn (2317.TW) unveiled its first three electric vehicle prototypes on Monday, underscoring its ambitious plans to move away from its role as a consumer electronics manufacturer for Apple Inc (AAPL.O ) and other diversifying tech firms. The vehicles – an SUV, a sedan, and a bus – … Read more

Apple employee says she was fired after leading an anti-harassment movement

SAN FRANCISCO, Oct.15 (Reuters) – An Apple employee who directed her colleagues to publicly share cases of corporate harassment and discrimination said Thursday she was fired. Janneke Parrish, an Apple program manager, said the iPhone maker informed her Thursday that she had been fired for deleting material on company devices while she was under investigation … Read more

Coal prices in China hit record highs, and the cold in early winter exacerbates energy problems

Fishermen take a boat past a State Development and Investment Corporation (SDIC) power plant outside Tianjin, China on October 14, 2021. REUTERS / Thomas Peter Steam coal prices in China reached record highs Power reform comes into force Cold winds from the north sweep central and eastern China China’s Met Office predicts sharp drops in … Read more

EXCLUSIVE: Apple has to face the EU antitrust lawsuit over NFC chips – sources

BRUSSELS, Oct 6 (Reuters) – Apple (AAPL.O) is facing an EU antitrust lawsuit over its NFC chip technology, people familiar with the matter said, a move that carries the risk of a potentially hefty fine and it does so could force it to open its mobile payment system to competitors. The iPhone manufacturer has been … Read more

China’s power crisis is spreading, shutting factories and diminishing growth prospects

Workers of network operator China Southern Power Grid inspect power cables connecting transmission towers in Dongguan, Guangdong Province, China, May 29, 2018. Picture from May 29, 2018. REUTERS / Stringer BEIJING, Sept. 27 (Reuters) – Growing electricity shortages in China have halted production at numerous factories, including many supplying Apple and Tesla, while some candlelight … Read more

Many Apple and Tesla suppliers stop manufacturing in China amid a power shortage

Sept. 27 (Reuters) – Several key suppliers to Apple (AAPL.O) and Tesla (TSLA.O) said they stopped production at some of their Chinese plants on Sunday in order to comply with the country’s stricter energy consumption policy. Apple supplier Unimicron Technology Corp (3037.TW) said three of its subsidiaries in China had to stop production from noon … Read more

New demographics show a persistent divide on Amazon

Sept. 23 (Reuters) – The ranks of Amazon.com Inc’s (AMZN.O) executives remained largely white, although the percentage of non-white executives rose modestly while minorities continued to make up most of the workforce when the online Merchants grew rapidly during the COVID-19 pandemic, according to new company data. The disclosure made Amazon the largest company to … Read more