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Business News

IEA chief sees energy crunch for Europe next winter

The head of the International Energy Agency says Europe should be able to cope with the natural gas supply crunch in the coming months thanks to considerable reserves but warned that the continent could face a bigger energy crisis next winter Go to Source Author:

Asian shares rise on Fed rate hopes despite China worries

Asian shares are mostly higher, although optimism about the Federal Reserve holding back on aggressive interest rate hikes was countered by uncertainty over coronavirus restrictions in China Go to Source Author:

Average long-term US mortgage rate slips to 6.58%

The average long-term U.S. mortgage rate edged lower for the second time in as many weeks, though it remains more than double what it was a year ago —- a significant hurdle for many would-be homebuyers Go to Source Author:

Reports: Employees at Chinese iPhone factory protest

Videos and postings on Chinese social media say employees at the world’s biggest Apple iPhone factory have been beaten and detained in protests over contract disputes amid anti-virus controls Go to Source Author:

Investigators: Firm that cleans meat plants employed minors

A Wisconsin company that cleans hundreds of meatpacking plants nationwide is defending itself against allegations that it employed more than two dozen minors working overnight shifts cleaning massive saws and other dangerous equipment Go to Source Author: