Page 897 - World News

Boeing to repay lost wages to furloughed employees, proceed with job cuts

Boeing on Monday won ratification of a contract giving its machinists a 38 per cent pay hike over four years and a $12,000 bonus, ending the strike

Explained: How Trump could influence the makeup of the Federal Reserve

Powell's term as chair expires in May 2026, and Trump will have an opportunity to install a new Fed chief then

US investment plan is unchanged after election results, says Taiwan's TSMC

TSMC, the world's largest contract chipmaker and a major supplier to companies including Apple and Nvidia , is investing $65 billion in new factories in the US state of Arizona

Oil prices fall marginally as Hurricane Rafael expected to start weakening

Hurricane Rafael, which has caused 391,214 barrels per day of US crude oil production to be shut, is expected to move slowly

Thousands left without power as winter storm hits New Mexico, Colorado

National Weather Service in Albuquerque issued a blizzard warning for parts of the state and reported that more than 100 vehicles were stranded on highways in the state's northeast corner

Trudeau revives Cabinet-level panel to address concerns of Trump presidency

Following the election of President Donald Trump for a second term, the Cabinet Committee will focus on critical Canada-US issues, Trudeau's office said in a statement

Jerome Powell signals readiness to defy Trump in Federal Reserve's defence

The comments, just two days after Trump's re-election, portend the power struggle that may lie ahead between the central bank and a president who insists he should have a say on interest-rate policy

US President-elect Trump names Susie Wiles as first woman Chief of Staff

Her appointment was confirmed by US Vice President-elect JD Vance who said that Wiles would serve as the first-ever female Chief of Staff in the history of the US

America of your dreams calling: Biden tells Democratic supporters

US President Joe Biden appealed to the Democratic supporters to carry on with their movement, noting that setbacks are unavoidable, he said that giving up is 'unforgivable'

California Guv calls session to protect liberal policies from Trump admin

The freedoms we hold dear in California are under attack and we won't sit idle, Newsom, who reportedly has ambitions on the national stage, said in a statement

On Jan 20, we will have peaceful transfer of power, says US Prez Biden

The remarks by Biden came as he addressed the country to discuss the election results and the transition

Pakistan, US 'old friends'; Trump's win won't affect China ties: Pak FO

To a question if Trump could influence Pakistan's internal politics and the sitting government could also be pressured by him, she said it was speculative reporting

Musk's backing of Trump in Prez poll likely to enrich his companies

Musk contributed at least $119 million to a pro-Trump spending group, federal records show, and tirelessly touted the former president at the critical late stage of his campaign

Trump's resounding win in Prez poll signals a different kind of America

The assumption that Trump represented an anomaly who would at last be consigned to the ash heap of history was washed away on Tuesday night by a red current that swept through battleground states

Qualcomm advances on smartphone market revival, Chinese handset launches

Demand has been especially positive in major market China, from which Qualcomm gets nearly half its revenue, thanks to new smartphone launches by brands such as Xiaomi, Oppo and Vivo

Trump's plan of 10% import tariff likely a point for negotiation: S&P

Tariffs are unlikely to be imposed at those levels, but were Trump to follow though, the universal 10 per cent tariff could add as much as 1.8 percentage points to US inflation

US weekly jobless claims up slightly, strong rise in unit labour costs

Though the labor market is easing, wage pressures are not showing a significant cooling, casting a shadow over the inflation and interest rate outlook

People's will prevails: Biden addresses nation for 1st time since Trump win

Some Democrats have blamed Biden, 81, for Harris' defeat, saying he should not have sought re-election

US elections 2024 highlights: In a democracy will of the people always prevails, says Biden

US elections 2024 updates: Catch all the LIVE updates here as Donald Trump is all set to comeback as the 47th US President

2024 likely to be hottest yr on record again, says European climate agency

It also comes days before the next UN climate conference, called COP29, is set to begin in Azerbaijan