U.S. rents surge, leaving behind generation of younger workers

U.S. rents surge, leaving behind generation of younger workers

Sept 21 (Reuters) – The cost of renting a home in the United States is surging and young workers have felt the sharpest pain, many of them taking on additional jobs or roommates to afford housing costs. Household rents in 2021 jumped 10% from pre-pandemic levels, according to Census Bureau estimates released last week. The … Read more

Frugal is the new cool for young Chinese as economy falters

Frugal is the new cool for young Chinese as economy falters

BEIJING, Sept 19 (Reuters) – Before the pandemic, Doris Fu imagined a different future for herself and her family: new car, bigger apartment, fine dining on weekends and holidays on tropical islands. Instead, the 39-year old Shanghai marketing consultant is one of many Chinese in their 20s and 30s cutting spending and saving cash where … Read more

Japan issues special typhoon warning as ‘unprecedented’ storm approaches

Japan issues special typhoon warning as ‘unprecedented’ storm approaches

Register now for FREE unlimited access to Reuters.com Register TOKYO, Sept 17 (Reuters) – The Japan Meteorological Agency issued a special typhoon warning on Saturday for Kagoshima prefecture on Kyushu, the southernmost of Japan’s main islands, as the region braces for a powerful and potentially destructive super typhoon. The warning came after the weather agency … Read more

U.S. railroad strike averted with deal brokered by Biden administration

U.S. railroad strike averted with deal brokered by Biden administration

WASHINGTON, Sept 15 (Reuters) – Major U.S. railroads and unions secured a tentative deal on Thursday after 20 hours of intense talks brokered by President Joe Biden’s administration to avert a rail shutdown that could have hit food and fuel supplies across the country and beyond. If they accept the deal that was announced at … Read more

Biden, unions, rail executives struggle for deal as shutdown looms

Biden, unions, rail executives struggle for deal as shutdown looms

DETROIT/LOS ANGELES, Sept 14 (Reuters) – Biden administration officials hosted labor contract talks late on Wednesday to avert a potential rail shutdown that could disrupt cargo shipments and impede food and fuel supplies, but one small union rejected a deal and Amtrak canceled all long-distance passenger trips. Railroads including Union Pacific (UNP.N), Berkshire Hathaway’s (BRKa.N) … Read more

U.S. railways to halt grain shipments ahead of potential shutdown -agriculture sources

U.S. railways to halt grain shipments ahead of potential shutdown -agriculture sources

CHICAGO, Sept 13 (Reuters) – Some U.S. railroads will start halting crop shipments on Thursday, a day ahead of a potential work stoppage, an agricultural association and sources at two grain cooperatives said on Tuesday, threatening exports and feed deliveries for livestock. With farmers starting to harvest autumn crops that are shipped to meat and … Read more

Biden administration presses unions, railroads to avoid shutdown

Biden administration presses unions, railroads to avoid shutdown

The United States Chamber of Commerce building is seen in Washington, D.C., U.S., May 10, 2021. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register WASHINGTON/LOS ANGELES, Sept 12 (Reuters) – The Biden administration urged railroads and unions to reach a deal to avoid a railroad work stoppage, saying on Monday it would … Read more

Biden touts ‘Cancer Moonshot’ on JFK speech anniversary in Boston

Biden touts ‘Cancer Moonshot’ on JFK speech anniversary in Boston

Register now for FREE unlimited access to Reuters.com Register BOSTON, Sept 12 (Reuters) – President Joe Biden signed orders on Monday to push more government dollars to the U.S. biotechnology industry, as he promoted his initiative to create new treatments and cut the death rate from cancer. Cancer “doesn’t care if you’re Republican or Democrat,” … Read more

Truly autonomous cars may be impossible without helpful human touch

Truly autonomous cars may be impossible without helpful human touch

MILTON KEYNES, England, Sept 12 (Reuters) – Autonomous vehicle (AV) startups have raised tens of billions of dollars based on promises to develop truly self-driving cars, but industry executives and experts say remote human supervisors may be needed permanently to help robot drivers in trouble. The central premise of autonomous vehicles – that computers and … Read more

Japan liquor businesses turn to non-alcoholic drinks to attract Gen Z

Japan liquor businesses turn to non-alcoholic drinks to attract Gen Z

Register now for FREE unlimited access to Reuters.com Register TOKYO, Sept 12 (Reuters) – Bucking the age-old stereotype of hard-drinking college students, Manaka Okamoto considers the next day’s schedule before cracking open an alcoholic beverage. “If I have to get up early, and I think ‘Oh, I should hold off on drinking,’ then I go … Read more