MTPIX

Exclusive: Delta offers pilots hefty pay raises as unions flex bargaining power

CHICAGO, Dec 2 (Reuters) – Delta Air Lines (DAL.N) has offered a 34% cumulative pay increase to its pilots over three years in a new contract, demonstrating the bargaining power aviators are enjoying in a short-staffed industry with booming travel demand. If the deal is approved by Delta pilots, it is widely expected to act …

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OPEC+ seen heading for oil policy rollover, cut not ruled out

OPEC+ seen sticking with current policy – delegates Group to hold virtual meeting on Dec. 4 Kuwait KPC CEO: Buyers not seeking more oil, maybe seeking less Analysts, some delegates say don’t rule out cut LONDON/DUBAI, Dec 2 (Reuters) – OPEC+ is likely to stick to its current oil output target when it meets on …

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US labor market shrugs off recession fears; keeps Fed on tightening path

Nonfarm payrolls increase 263,000 in November Unemployment rate steady at 3.7%; participation rate falls Average hourly earnings rise 0.6%; up 5.1% year-on-year WASHINGTON, Dec 2 (Reuters) – US employers hired more workers than expected in November and increased wages, shrugging off mounting worries of a recession, but that will probably not stop the Federal Reserve …

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As the Fed plans to ‘raise and hold,’ new projections may show the cost

WASHINGTON, Dec 2 (Reuters) – New US Federal Reserve projections, issued later this month alongside an expected half-point interest rate increase, could show the central bank’s target rate headed toward levels last seen on the eve of the 2007 financial crisis, and will also reveal policymakers’ best guess of the fallout that will have for …

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Musk delivers the first Tesla truck, but no update on output, pricing

Tesla ships first Semi to PepsiCo five years after its unveiling No details on orders or capacity for electric trucks Semi uses existing Tesla motors, to feature a new Supercharger Dec 1 (Reuters) – Tesla Inc (TSLA.O) Chief Executive Elon Musk delivered the company’s first heavy-duty Semi on Thursday to PepsiCo (PEP.O) without offering updated …

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EU tentatively agrees $60 price cap on Russian seaborne oil

BRUSSELS, Dec 1 (Reuters) – European Union governments tentatively agreed on Thursday on a $60 a barrel price cap on Russian seaborne oil – an idea of ​​the Group of Seven (G7) nations – with an adjustment mechanism to keep the cap at 5% Below is the market price, according to diplomats and a document …

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Florida pulls $2 bln from BlackRock in largest anti-ESG division

Dec 1 (Reuters) – Florida’s Chief Financial Officer said on Thursday his department would pull $2 billion worth of its assets managed by BlackRock Inc (BLK.N), the biggest such division by a state opposed to the asset manager’s environmental, social and corporate governance (ESG) policies. While the move will hardly dent BlackRock’s $8 trillion in …

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Elon Musk expects Neuralink’s brain chip to begin human trials in 6 months

Nov 30 (Reuters) – Elon Musk said on Wednesday he expects a wireless brain chip developed by his company Neuralink to begin human clinical trials in six months, after the company missed earlier timelines set by him. The company is developing brain chip interfaces that it says could help disabled patients move and communicate again, …

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COVID hit HIV detection in Europe threatens eradication progress

LONDON, Nov 30 (Reuters) – The number of people in Europe with undiagnosed HIV has risen as testing rates fell during the COVID-19 pandemic, threatening a global goal of ending the disease by 2030, a report said. The joint World Health Organization (WHO) and European Center for Disease Prevention and Control (ECDC) report said that …

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