Thursday, 16 Jan 2025

Business

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U.S. and China Extend Talks as the Two Sides Race to Reach a Trade Truce

WASHINGTON — President Trump said the United States and China were moving closer toward a trade agreement and suggested that the fate of Huawei, the Chinese telecom giant facing criminal charges along with its chief financial officer, could be resolved as part of a final trade deal with Beijing. Ringed by his top advisers and […]

A Teacher’s Student Loans Were Forgiven. Then FedLoan Wrecked His Credit.

When nine refund checks landed in his mailbox a few months ago, Jed Shafer figured he was finally done with his student loan. He had spent years struggling to get the loan forgiveness that federal law provides for public servants like him, and those checks from the United States Treasury covered what he’d paid beyond […]

U.S., China struggle to bridge trade gaps, more time seen likely

WASHINGTON (Reuters) – Top U.S. and Chinese trade negotiators met on Friday to wrap up a week of talks that have seen the two sides struggle over the details of structural reform commitments by China, increasing the likelihood of extending the March 1 U.S. deadline for a deal. People briefed on the talks said more […]

Signs of progress in trade talks prop up Wall Street

(Reuters) – U.S. stocks rose on Friday on signs of progress in the ongoing trade talks between the United States and China, but a plunge in shares of Kraft Heinz hit the consumer staples sector. Top trade negotiators from the two countries haggled over the details of a set of agreements aimed at ending their […]

VW warns of challenges, to redouble efforts to meet targets

FRANKFURT (Reuters) – Volkswagen warned investors about a tough year ahead as the car and truck making group reported preliminary annual results on Friday that were weighed down by currency headwinds and supply bottlenecks caused by new emissions testing rules. Volkswagen suffered from an increase in inventories at its Audi and VW brands after a […]

Labor’s Hard Choice in Amazon Age: Play Along or Get Tough

It’s one of the most vexing challenges facing the labor movement: how to wield influence in an era increasingly dominated by technology giants that are often resistant to unions. Are workers best served when unions take an adversarial stance toward such companies? Or should labor groups seek cooperation with employers, even if the resulting deals […]

Revealed: Brexit fightback as EU bends rules to fund Irish businesses

The Government has received EU backing to open the purse strings to help businesses at risk from Brexit. The EU has moved to relax stringent state aid rules as Britain threatens the dairy and beef sectors with trade war tariffs and a hard Border is imminent. In an unprecedented development, the makers of Dubliner cheddar […]

Revealed: The rural towns most at risk from the rise of robots

Robots and automation pose a threat to 40pc of Irish jobs – and a number of rural towns have been identified as most at risk. Researchers at University College Cork have looked at where human beings are most in danger of being made redundant due to automation. The analysis predicted Edgeworthstown, Co Longford, Ballyjamesduff, Co […]

Kraft Heinz Reveals $15 Billion Write-Down and S.E.C. Accounting Inquiry

Kraft Heinz reported disappointing quarterly results on Thursday, including a $15 billion charge against the value of its marquee Kraft and Oscar Mayer brands, and said it had received a subpoena from the Securities and Exchange Commission about its accounting practices. Kraft, which owns the Velveeta cheese and Heinz ketchup brands, also cut its dividend, […]