Thursday, June 4, 2026

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US employers spend more than $1.5bn a year to fight labor unions, report finds

US employers spend more than $1.5bn a year on labor union opposition efforts, according to a report published on Wednesday by the Economic Policy Institute (EPI). Employers spent company money hiring consultants and law firms specializing in union avoidance and...

EU agrees to implement US trade deal struck last summer

The EU has finally agreed to implement its trade deal with the US after five hours of talks between members of the European parliament and member states in the hope of averting more tariffs threatened by Donald Trump. It means...

Paramount expresses support for CBS News leader Bari Weiss amid criticism

CBS News’ parent company, Paramount, is standing by CBS News’ editor in chief, Bari Weiss, amid a torrent of controversies and lagging ratings on some programs. The network released a statement supporting her after a report that senior leadership at...

Son of Mango fashion chain founder arrested in Spain over father’s death

The son of Isak Andic, the founder of the fashion chain Mango, has been released on bail of €1m (£866,000) after being arrested and questioned in connection with his father’s death in Catalonia almost 18 months ago. Andic died in...

Fears of new China shock as EU industry’s reliance on imports grows

Europe is facing a fresh China shock that threatens to cannibalise local factories, leading to job losses and de facto colonisation of industry by Beijing, trade analysts and representatives have said. They fear the plunging exchange rate and support for...

How Sam Altman’s victory over Elon Musk clears way for OpenAI’s trillion-dollar ambitions

On Monday morning, a jury in Oakland, California, handed a resounding victory to Sam Altman and OpenAI in their long, bitter courtroom battle with Elon Musk. The federal jury found Altman, OpenAI and its president, Greg Brockman, not liable for...

Jury hands victory to Sam Altman and OpenAI in battle with Elon Musk

A jury ruled in favor of Sam Altmanin the culmination of a long and bitter legal battle that pitted the richest person in the world against a leader of the AI boom. The federal jury in Oakland, California, found Altman,...

NextEra to buy Dominion in $67bn deal creating US utility giant

NextEra, a US energy giant, announced on Monday that it will buy Dominion Energy in a $67bn deal, creating what the companies say will be the world’s largest regulated utility business. The deal comes as the appetite for energy sources...

Trump’s immigration crackdown could cost up to $479bn in lost taxes over 10 years

The Trump administration’s immigration crackdown could cause the US to potentially lose up to $479bn in lost tax revenue over the the next 10 years, with enforcement deterring undocumented workers from filing their taxes this year, according to tax...

Oil prices rise and bonds wobble as Iran war stokes inflation fears

Oil prices rose and global bonds wobbled on Monday, as fresh tensions in the Middle East fed inflation fears and bets that central banks will have to increase interest rates. Brent crude, the international benchmark for oil, rose on Monday,...
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News Wrap: Ukraine strikes oil depot deep inside Russia

In our news wrap on Wednesday, Ukraine says it struck an oil depot in Russia's St. Petersburg with drones...
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