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Government forces Air Canada and flight attendants union into arbitration

TORONTO (AP) — Canada’s government forced Air Canada and its striking flight attendants back to work and into arbitration Saturday after a work stoppage stranded more than 100,000 travelers around the world during the peak summer travel season. Federal Jobs Minister Patty Hajdu said now ...
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Trump says no imminent plans to penalize China for buying Russian oil

WASHINGTON (Reuters) -U.S. President Donald Trump said on Friday he did not immediately need to consider retaliatory tariffs on countries such as China for buying Russian oil but might have to “in two or three weeks.” Trump has threatened sanctions on Moscow and secondary sanctions ...
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Canada labor minister presses Air Canada, union to intensify talks to resolve dispute

(Reuters) -Canadian Labor Minister Patty Hajdu said on Friday that she met jointly with Air Canada and the Canadian Union of Public Employees (CUPE), urging both sides to work harder and remain at the negotiating table to reach a deal and avert a potential ...
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Investors react to US-Russia summit reaching no deal

NEW YORK (Reuters) -U.S. President Donald Trump said on Friday that he and Russian President Vladimir Putin did not reach an agreement to resolve Moscow’s war in Ukraine after a nearly three-hour summit in Alaska, though he characterized the meeting as “very productive.” “There were ...
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US Commerce Dept. widens products subject to steel, aluminum tariffs

(Reuters) -The Trump administration on Friday widened the reach of its 50% tariffs on steel and aluminum imports by adding hundreds of derivative products to the list of goods subject to the levies. In a Federal Register notice late on Friday, the Commerce Department said ...
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Fed’s Daly: Two rate cuts, more or less, appropriate this year

(Reuters) -San Francisco Federal Reserve Bank President Mary Daly, in an interview following economic reports showing stronger-than-expected retail sales and an unexpected jump in wholesale prices last month, signaled that she is still on board for beginning to ease policy as soon as next ...
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Meta plans fourth restructuring of AI efforts in six months, The Information reports

(Reuters) -Meta is planning its fourth overhaul of artificial intelligence efforts in six months, The Information reported on Friday, citing three people familiar with the matter. The company is expected to divide its new AI unit, Superintelligence Labs, into four groups: a new “TBD Lab,” ...
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Fitch cuts Spirit Airlines’ rating further into junk territory

(Reuters) -Fitch Ratings on Friday downgraded Spirit Airlines long-term credit rating to ‘CCC-‘ from ‘CCC+’, citing a high likelihood of near-term default. “The downgrade reflects the heightened possibility that Spirit may be unable to avoid a default given its ongoing operating losses and declining liquidity,” ...
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OpenAI staffers to sell $6 billion in stock to SoftBank, other investors, Bloomberg News reports

(Reuters) -Present and former OpenAI employees are looking to sell nearly $6 billion worth of the ChatGPT maker’s shares to an investor group comprising SoftBank Group, among others, valuing it at $500 billion, Bloomberg News reported on Friday. (Reporting by Juby Babu in Mexico ...
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Foreign holdings of US Treasuries climb to record $9.13 trillion in June

By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -Foreign holdings of U.S. Treasuries rose to record levels in June, topping $9 trillion for a fourth straight month, data from the Treasury Department showed on Friday. Holdings of U.S. Treasuries climbed to $9.13 trillion in June, up from ...
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Some workers would be excluded from student loan forgiveness program for ‘illegal’ activity

WASHINGTON (AP) — Teachers, social workers, nurses and other public workers would be cut off from a popular student loan cancellation program if the Trump administration finds their employer engaged in activities with a “substantial illegal purpose,” under a new federal proposal released on ...
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Failure of talks for plastic treaty turn focus back to reduce, reuse, recycle. How’s that going?

Talks aimed at a global treaty to cut plastic pollution fizzled in Geneva this week, with no agreement to meaningfully reduce the harms to human health and the environment that come with the millions of tons of plastic water bottles, food containers and packaging ...
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