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VP Harris announces more than $100 million to support auto workers May 6, 2024 05:16AM

(Reuters) - U.S. Vice President Kamala Harris on Monday announced more than $100 million in funding and resources to support American auto workers and small auto suppliers.

Historic contracts secured by the United Auto Workers with the Big Three Detroit automakers and recent organizing victories ensure that these jobs will provide comparable wages, retirement security and respect at work, the office of the VP said in a statement.

... (continue reading...)
Explainer-What is at stake for sovereign debt bill as New York legislature reconvenes May 6, 2024 05:15AM

By Rodrigo Campos

NEW YORK (Reuters) - New York State lawmakers return from a two-week break on Monday with a month left to decide the fate of a controversial bill that aims to streamline sovereign debt restructurings, with hundreds of billions of dollars in bond contracts on the line.

Below are facts about the proposal and potential ramifications.

WHY IS THIS IMPORTANT?

Unlike corporations or individuals,... (continue reading...)


Kremlin says nuclear weapon drills are Russia's response to West's statements May 6, 2024 05:07AM

MOSCOW (Reuters) - Russia's tactical nuclear weapon drills are a response to statements from the West about sending troops to Ukraine, the Kremlin said on Monday.

Kremlin spokesman Dmitry Peskov cited comments by the French President Emmanuel Macron on possibly sending soldiers to Ukraine, as well as statements from the British and US Senate representatives.

Military and other special services are verifying reports about deployment of... (continue reading...)


Biden meets Jordan's King Abdullah as Gaza ceasefire hopes dim May 6, 2024 05:02AM

By Nandita Bose and Steve Holland

WASHINGTON (Reuters) - President Joe Biden will meet Middle East ally, Jordan's King Abdullah II, at the White House on Monday with prospects for a Gaza ceasefire appearing slim and Palestinian Islamist group Hamas and Israeli officials blaming each other for the impasse.

On Sunday, Hamas reiterated its demand for an end to the war in exchange for the freeing of hostages, and Israeli Prime Minister... (continue reading...)


French carmakers target fourfold jump in EV sales by 2027 May 6, 2024 04:54AM

PARIS (Reuters) - France's car industry will aim to ramp up electric car sales fourfold by 2027 under a strategy agreement to be signed with the government on Monday, just as the president of China embarks on a state visit in the country.

French President Emmanuel Macron has set a goal for the nation's carmakers to produce two million electric or hybrid vehicles by the end of the decade, even as they face tough competition from top producer China.

... (continue reading...)

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