Business
Boeing Workers Reject Latest Pay Offer Despite 30% Rise, Union Says
The union representing striking Boeing workers has stated that its members are not interested in the company’s latest pay proposal, which includes a 30% raise over four years. According to the International Association of Machinists and Aerospace Workers (IAM), a survey revealed overwhelming dissatisfaction with the offer, labeling it as “inadequate.”
This rejection follows Boeing’s new “best and final” offer, which also included a performance bonus reinstatement, improved retirement benefits, and a one-time $6,000 signing bonus. The company set a deadline for the deal to be ratified by union members by midnight on September 27.
However, IAM criticized Boeing for sending the offer directly to workers and the media without consulting union leaders and stated that the time frame was insufficient to organize a proper vote. Boeing has denied the union’s claims and said it would allow more time and provide support to facilitate the vote.
Business
EU Approves Major Tariffs on Chinese Electric Vehicle Imports to Protect Industry
The European Union has approved significant tariffs on electric vehicle (EV) imports from China, following a majority vote among member states. The new tariffs, set to rise from the current 10% to as high as 45% over the next five years, aim to shield Europe’s car industry from what EU lawmakers argue are unfair subsidies given to Chinese carmakers by the Chinese government.
The decision has sparked concerns about potential price increases for EV buyers in Europe, as well as fears of a trade war between Brussels and Beijing. China has strongly condemned the tariffs, labeling them as protectionist measures.
The vote, held on Friday, follows an EU investigation that led to import duties being imposed on major Chinese EV manufacturers such as SAIC, BYD, and Geely. These tariffs were calculated based on the level of state aid each company is believed to have received.
While the move has caused division among EU member states, it was ultimately supported by countries like France, Italy, the Netherlands, and Poland, which believe the tariffs are necessary to protect European manufacturers. Germany, whose economy is closely tied to exports to China, opposed the decision, and many other countries abstained from the vote.
Critics, including German automaker Volkswagen, argue that the tariffs are the “wrong approach” and could have unintended consequences for the European automotive sector.
Business
California Governor Blocks AI Safety Bill Amid Industry Concerns
California Governor Gavin Newsom has vetoed a landmark artificial intelligence (AI) safety bill that aimed to introduce some of the first regulations on AI technology in the US. The bill, which faced strong opposition from major tech companies, would have required advanced AI models to undergo safety testing and included mandatory oversight for “Frontier Models,” the most powerful AI systems.
Governor Newsom argued that the legislation could stifle innovation and potentially drive AI developers out of California. He expressed concerns that the bill applied stringent standards to even basic AI functions, without considering whether the AI systems were deployed in high-risk environments or involved critical decision-making.
Despite the veto, Newsom announced plans to develop alternative safeguards for AI technology, seeking advice from experts to protect the public from potential risks. This comes as part of broader efforts to address AI challenges, including recently signed legislation aimed at combating deep fakes and misinformation.
Senator Scott Wiener, who authored the bill, expressed disappointment, warning that without oversight, AI developers would continue to advance a powerful technology without necessary safety measures. Meanwhile, experts like Wei Sun from Counterpoint Research argue that AI is still in its early stages, and regulating specific high-risk applications might be a more effective approach.
Business
Iceland Demands Supermarket Rivals Stop Selling Prawn Rings
Supermarket chain Iceland has filed a trademark application for its well-known “King Prawn Rings,” urging rival supermarkets to stop selling similar products. Iceland, headquartered in Flintshire, claims it has faced increasing imitation since introducing its prawn rings in 1991.
In a bold open letter shared on social media platform X (formerly Twitter), Iceland called out major competitors Aldi, Tesco, Lidl, and Asda, accusing them of selling “copy crustaceans.” The letter cheekily asserted, “The King Prawn Ring is ours, and we won’t be letting you off the hook.”
Lidl humorously responded, “Here was us thinking it was a classic 1970s party dish.”
Iceland’s letter, signed by “Iceland Foods,” warned other retailers to cease selling prawn rings, especially ahead of Christmas. The chain emphasized its intent to pursue legal action if competitors don’t comply, declaring, “Our lawyers are more than ready to dive into legal waters.”
The prawn ring battle has sparked social media buzz, with consumers eagerly watching how rival supermarkets will respond to Iceland’s trademark claim.
-
Sports3 days ago
Atletico’s Robin le Normand Suffers Traumatic Brain Injury After Madrid Derby Collision
-
Sports2 days ago
FIFA Council to Discuss Sanctions Against Israel Football Federation
-
Entertainment5 days ago
BTS Star Suga Fined for Drunk Driving on Electric Scooter
-
Sports5 days ago
Antoine Griezmann Retires from International Football at 33
-
Business5 days ago
California Governor Blocks AI Safety Bill Amid Industry Concerns
-
News3 days ago
UN Chief Banned from Israel Amid Dispute Over Iran Missile Attack
-
Tech3 days ago
Meta Forms Data-Sharing Alliance with UK Banks to Combat Fraud
-
Sports2 days ago
Alcaraz Triumphs Over Sinner in Thrilling China Open Final