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BBCNEWS Business Today October 2, 2024 - Vimarsana News

BBCNEWS Business Today October 2, 2024

And what would you do with a spare 25 Billion Euros . Thats the question facing the irish Government Today as it delivers its budget following a huge Tax Windfall from Tech Firms. Live from london, this is business today. Im lukwesa burak. We start in the us where in the last 30 minutes tens of thousands of East And Gulf Coast Port workers have started striking for the first time in nearly 50 years. This comes after the international longshoremen s association and the us Maritime Alliance were unable to reach an agreement on the terms of their contract. The strikes will halt trade in a wide ra...

BBCNEWS Business Today October 2, 2024 - Vimarsana News

BBCNEWS Business Today October 2, 2024

The two major sticking points between the international longshoremen S Association and us Maritime Alliance are wages and automation. Workers are unhappy with the current contract, which spanned the pandemic, when Dock Workers stayed on the job and endured months of soaring inflation on automation, the Union Boss has been warning Dock Workers that their jobs could be replaced by machines. In response, the us Maritime Alliance has said its offering to keep the current ban on fully automated equipment. A strike could cost the us economy 5 Billion a day, according to Jp Morgan analysts. A range o...

BBCNEWS Business Today - NYSE Opening Bell October 2, 2024 - Vimarsana News

BBCNEWS Business Today - NYSE Opening Bell October 2, 2024

0ur Correspondent Michelle Fleury is at the Port Of Newark in newjersey. Tell us what s going on there and all along the coast. We know the strike is about wages and automation, what s going on with the talks . Right now theres not much going on on on the docks, normally you might see some of the grains over their moving, containers being loaded, and off loaded from giant containerships, but all of that stopped at midnight last night. That is when the Master Contract between the union workers and the us Maritime Alliance expired, and the fight over wages and automation continues to rage and th...

BBCNEWS Business Today October 2, 2024 - Vimarsana News

BBCNEWS Business Today October 2, 2024

United states where ports all across the East And Gulf coasts including here in baltimore have virtually ground to a halt. It means goods ranging from cars to machinery and fresh fruit and vegtables are going to find a lot tougher to get into or out of the worlds biggest economy. An estimated 16,000 workers have stopped working over demands for more pay and less automation. The stoppages could cost the us economy as much as 5bn a day according to the Investment Bankjp Morgan but other experts say it will be less than that. One knock on could be as many as 100,000 people finding themselves temp...

CNN Laura Coates Live October 2, 2024 - Vimarsana News

CNN Laura Coates Live October 2, 2024

We start with breaking news tonight. Israeli forces are now entering lebanon they are carrying out what they call a limited Ground Operation. It is a major escalation, one that is renewing fears that iran could now be poised to step in the pentagon tonight, that to deploy additional us troops and fighter jets all the region in response. So far we know that the idf says its Targeting Hezbollah in Southern Lebanon. The announcement comes just hours after israeli raids and Artillery Fire was reported across the border, airstrikes also hitting inside of Beiruts City limits for the first time since...