Analysis: U.S. manufacturers take a double hit from labor and materials
Calder Brothers Corp is under pressure to raise wages after rivals lured away some of its workers. A few others were also considering jumping ship, but co-owner Glen Calder said the South Carolina-based construction machinery company managed to persuade them to stay by promising a better career.
U.S. housing starts accelerate, building permits skid to eight-month low
U.S. homebuilding increased more than expected in June, but permits for future home construction fell to an eight-month low, likely reflecting hesitancy caused by expensive building materials as well as shortages of labor and land.
Race to find survivors as death toll in Miami condo collapse rises
Rescue workers frantically scoured the rubble of a collapsed apartment block in a Miami suburb for signs of life on Friday, as the death toll from the disaster crept up and as nearly 100 people remained unaccounted for.
UK financial sector urges caution over any ‘work from home’ law
How people divide their working hours between home and office should develop naturally over time and not be forced into law, senior financial services industry officials said on Monday.
Global banks in Hong Kong push to get staff back to office
Global banks are moving faster in Hong Kong to get staff back to office versus in other major centres, given fewer daily COVID-19 cases in the Asian city, and are offering incentives such as onsite vaccinations and days off to encourage inoculation.
EXCLUSIVE Biden considers giving refiners relief from U.S. biofuel laws, sources say
President Joe Biden’s administration, under pressure from labor unions and U.S. senators including from his home state of Delaware, is considering ways to provide relief to U.S. oil refiners from biofuel blending mandates, three sources familiar with the matter said.
UK’s lowest-paid workers face highest jobless risk: research
Britain’s lowest-paid workers, already hardest hit by the COVID-19 pandemic, will be most at risk from expected rises in unemployment and job insecurity later this year, researchers said on Monday.
Amid hiring troubles, rising prices, U.S. growth gains speed -Fed
The U.S. economic recovery accelerated in recent weeks even as a long list of supply chain troubles, hiring difficulties, and rising prices cascaded through the country, Federal Reserve officials said in their latest review of economic conditions.
