Business News

Union, automakers headed for fight over battery plant wages

The United Auto Workers union is calling on General Motors to pay full union wages at electric vehicle battery factories, thrusting what was a festering conflict into the spotlight because automakers want to pay less







Hong Kong democracy leaders given jail terms amid crackdown

A Hong Kong court has sentenced five leading pro-democracy advocates to up to 18 months in prison for organizing and participating in a massive march during the 2019 anti-government protests that triggered an overwhelming crackdown from Beijing



Senators to Biden: Waive vaccine intellectual property rules

Ten liberal senators are urging President Joe Biden to back India and South Africa’s appeal to the World Trade Organization to temporarily relax intellectual property rules so coronavirus vaccines can be manufactured by nations that are struggling to inoculate their populations



SKorean steelmaker to end partnership with Myanmar military

A South Korean steelmaker on Friday said it plans to end a joint venture with a military-controlled firm in Myanmar following criticism that its business has benefited military leaders who have violently suppressed pro-democracy protests there



China's growth surges to 18.3% but rebound leveling off

China’s economic growth surged to 18.3% over a year earlier in the first quarter of 2021 but an explosive rebound in factory and consumer activity following the coronavirus pandemic was leveling off



No response as divers knock on capsized ship hull

Families were anxiously awaiting news of the 12 people missing from a capsized oil industry vessel while divers searching for survivors got no response when they knocked on the ship's hull Thursday


Sanctioned Russian IT firm was partner with Microsoft, IBM

Six Russian technology companies have been slapped with sanctions by the U_S_ Treasury Department for supporting Kremlin intelligence agencies for engaging in “dangerous and disruptive cyber attacks."




Regulators rebuke PG&E for neglect in reducing wildfire risk

California power regulators are stepping up their oversight of Pacific Gas & Electric after finding that the utility has neglected the maintenance of an electrical grid that has ignited a series of deadly wildfires in Northern California and forced periodic blackouts affecting millions of people



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