US dock workers' strike ends after parties reach tentative wage deal

US dock workers' strike ends after parties reach tentative wage deal
East Coast ports move nearly half of all US sea freight. (Image: Unsplash)
John Anthony
A dock workers’ strike on the East Coast of the United States will end three days into the industrial action after a tentative deal on wages was agreed on.Tens of thousands of International Longshoremen’s Association (ILA) longshore workers at ports from Maine to Texas began striking on October 1 (US time) in response to the United States Maritime Alliance (USMX) not meeting demands for higher wages and protections against automation.The strike had the potential to cause major disruptions to global supply chains as East Coast p...

More Economy

Trade data shows imports down, exports up in November
Economy

Trade data shows imports down, exports up in November

The latest trade data follow Thursday's dire GDP result.

Staff reporters 20 Dec 2024
GDP plunge may spur speculation about a 75bps cut
Economy

GDP plunge may spur speculation about a 75bps cut

The past two quarters mark the weakest six months since June 1991. 

Rebecca Howard 19 Dec 2024
Massive GDP fall: NZ in deep recession
Economy

Massive GDP fall: NZ in deep recession

New Zealand’s gross domestic product fell 1.0% in the September 2024 quarter.The massive fall came after a revised 1.1% decrease in the June 2024 quarter, according to figures released by Stats NZ on Thursday.“The structure of the New Zealand economy can change quickly, which is...

Staff reporters 19 Dec 2024