The Auto Alliance has urged President Donald Trump against shutting the border with Mexico in his immigration dispute with the U.S.'s southern neighbor, warning of "significant disruptions" were he to make good on his threats. The group, representing America's biggest automakers, put out a statement Wednesday titled "The Importance of Open Borders" in response to repeated comments by Trump that, unless Mexico takes greater action to curb undocumented migration, he will close the U.S. border. "Automakers rely heavily on cross-border trade throughout the North American region," the Auto Alliance statement said. In many instances, auto parts can cross the border multiple times before being integrated into the final assembly of a vehicle. "We urge all parties to work together to avert a border closing that would result in significant disruptions to the North American auto industry, because ultimately the costs of all this fall upon our customers and make it more difficult for them to … [Read more...] about American Automakers Urge Donald Trump Not to Shut Mexico Border, Warn of ‘Significant Disruptions’
Profit warnings 2017
Ryanair has announced that it has reached agreement with the German pilot union Vereinigung Cockpit (VC) over wages, benefits and working conditions. The four-year deal comes following a lengthy period of tensions and negotiations between the Irish budget airline and the union, which represents many of the carrier's German-based pilots. The deal includes provisions on pay, pensions, pilot allowances and annual leave, but detailed documentation on the agreement is not expected to be available until the end of February. Read more: Ryanair seeks soft landing as strikes continue Crucially, the agreements will apply German labor laws and not Irish labor laws — where Ryanair is based — for the airline's German-based pilots. This demand to apply local labor laws has been a central sticking point in the many industrial disputes that have beset the airline over the past year. News of the agreement follows a deal struck last month between Ryanair and the German trade union … [Read more...] about Ryanair strikes deal with German pilot union
President Donald Trump's repeated threats to shutdown the southern border of the United States with Mexico have drawn concern and criticism from economic experts and leading Republican lawmakers, as such a move would likely lead to shortages of numerous products and a significant rise in prices for consumers. From avocados, to tequila and auto parts, Mexico is one of the largest trading partners with the U.S. Mexico generally ranks third after China and Canada, but in January it rose to number one, according to the U.S. Census Bureau. About $1.7 billion in goods cross the border between the two countries each day. "Closing down the border would have potentially catastrophic economic impact on our country, and I would hope we would not be doing that sort of thing," Senate Majority Leader McConnell warned earlier this week in response to the president's threats. GOP Senator Ted Cruz from Texas agreed. "Closing legal points of entry would harm American commerce and legal transit … [Read more...] about Mexico Border Closing: From Surgeries to Hamburgers, Here’s How You Could Be Affected if Trump Gets His Way
"I don't know what else to do," declared Taylor Swift in a lengthy Twitter post last week. "I just want to be able to perform my own music."The star was distressed and upset. She wanted to play a medley of her hits at Sunday's American Music Awards but her old record label had forbidden it.Or so she claimed. The label hit back with a statement of its own, saying it hadn't tried to stop the show and that Swift's narrative "does not exist".Insults were traded, politicians weighed in and, eventually, a settlement was reached.Big Machine Records issued a statement on Monday night saying it had agreed "to grant all licences of their artists' performances" for "the upcoming American Music Awards". Swift's old label hits back over 'awards ban' Taylor Swift's AMA row seems to be over Taylor Swift 'bullied' by man who now owns her music It didn't mention Swift by name but the implication was clear: Her performance could go ahead.But the second half of the statement was the really interesting … [Read more...] about Was Taylor Swift really banned from playing her hits?
Children as young as 11 are working aboard Vietnamese vessels fishing illegally for seafood that could end up on sale in supermarkets in the EU and US, according to an investigation by the Environmental Justice Foundation. The children were discovered on boats detained by Thai authorities for fishing illegally in Thai waters, thousands of miles from their homes. A report by the environmental group also found a lack of catch documentation or verification systems on Vietnamese vessels to determine the origin of seafood. Vietnam is the world’s fourth largest seafood exporter, with one of the fastest-growing fishing fleets. It sends products such as shrimp to 170 countries, and in 2017 it exported $8.5bn (£6.5bn) worth of seafood, with the top export destinations being the EU, followed by the US. The country aims to increase exports to $10.5bn this year. Steve Trent, the director of the Environmental Justice Foundation (EJF), whose members have accompanied Thai police on … [Read more...] about Vietnam boats using child labour for illegal fishing