Bank of Japan raises interest rate to about 0.5%, citing higher wages and inflation

TOKYO — The Bank of Japan raised its key interest rate to about 0.5% from 0.25%…

Utah Republicans take aim at teachers unions amid political clash over education

SALT LAKE CITY — Utah lawmakers advanced a bill Thursday that experts say would establish one…

Boeing took nearly $3 billion hit in Q4 related to strike, layoffs and troubled government programs

Boeing Co. said it incurred nearly $3 billion worth of charges in the fourth quarter of…

More Americans file for unemployment benefits, continuing claims highest in 3 years

Jobless claims applications ticked up modestly last week, but the total number of Americans collecting unemployment…

Starbucks plans corporate layoffs as part of turnaround

Starbucks said Friday it plans an unspecified number of layoffs as it restructures its corporate staff.…

Labor Department puts spotlight on child labor in slaughterhouses with 3 settlements this week

OMAHA, Neb. — The problem of kids working in dangerous slaughterhouses continues to be a concern…

US defense contractor to build 4,000-worker advanced manufacturing facility in Ohio

COLUMBUS, Ohio — U.S. defense contractor Anduril Industries is preparing to build a massive advanced manufacturing…

Bloomberg reports that Meta will lay off 5% of staff

News reports say that social media company Meta Platforms is planning to cut 5% of total…

Germany’s economy shrank for the second consecutive year in 2024

BERLIN — The German economy, Europe’s biggest, shrank for the second consecutive year in 2024, according…

Jack Daniels’ parent Brown-Forman is cutting its workforce and closing its barrel-making plant

LOUISVILLE, Ky. — Spirits giant Brown-Forman Corp. said Tuesday it’s reducing its global workforce by about…