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Financial & Business News

  • World
    Reuters

    UPDATE 1-Staff at Heathrow refuelling firm AFS to strike, says union

    Staff at an aviation fuel services firm at London's Heathrow airport have voted to carry out a strike over pay, the Unite union said on Tuesday, in Britain's latest industrial action that threatens more disruption to transport services. About 93% of union members at Aviation Fuel Services who voted were in favour of a strike after having gone without a pay hike for three years, Unite said, adding that an initial 72-hour strike would begin July 21. The union said a strike is likely to cause "considerable disruption and delays" throughout Heathrow where AFS provides fuelling services to more than 70 airlines including Virgin Atlantic, American Airlines, United, Delta and Air France and KLM.

  • News
    Yahoo Finance Video

    Tesla production ramps up in June as EV makers battle chip shortages

    Yahoo Finance’s Rick Newman joins the Live show to discuss second-quarter deliveries for Tesla as the company sees record EV production amid the global chip shortage as well as the outlook for oil.

  • World
    Reuters

    Korea's Posco to invest $136 million in Mexican plant by 2030, Mexico says

    South Korean steelmaker Posco will by 2030 invest $136 million in a plant in the Mexican town of Ramos Arizpe in the northern border state of Coahuila, Mexico's foreign ministry said on Tuesday. Posco will start construction on the plant on Wednesday, with an initial price tag of $43 million, the ministry said in a statement. Posco told its plans to Mexican Foreign Minister Marcelo Ebrard, who is visiting South Korea, the ministry said.

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