BEIJING, China (Reuters) — China’s exports grew at their fastest pace in nearly 1 1/2 years in August, suggesting manufacturers are rushing out orders ahead of tariffs expected from a growing number of trade partners, while imports disappointed amid weak domestic demand. The mixed trade data highlights the challenge facing Beijing as policymakers try to […] Read more
Stories by Reuters News Service
New labour negotiations initiated at CN
REUTERS — Unifor has initiated labour negotiations with Canadian National Railway, representing more than 3,600 workers. The union said its bargaining priorities include an improvement in wages, addressing concerns about the pension plan and job security for its members. Unifor, which represents CN’s car technicians and heavy duty mechanics among other workers, said its current […] Read more
Missouri health worker who had contact with bird flu patient develops symptoms, US officials report
(Reuters) - A second Missouri healthcare worker who had contact with a hospitalized patient infected with bird flu developed mild respiratory symptoms but was not tested for the virus, U.S. officials said on Friday. The number of people who were in contact with the hospitalized bird flu patient in Missouri and developed symptoms is now up to […] Read more
High costs hit Campbell Soup
REUTERS — Campbell Soup Co. recently forecast annual profit below Wall Street expectations due to persistently high raw material costs and investments into promotions. The company forecast adjusted earnings between US$3.12 and $3.22 per share in fiscal 2025, while analysts on average were expecting annual profit of $3.23 per share. In the fourth quarter that […] Read more
Hormel Foods reduces annual sales forecast
REUTERS — Hormel Foods has cut its annual sales forecast, hurt by lower commodity prices and a production disruption at its Planters brand manufacturing facility in Virginia. The company also missed market expectations for third-quarter sales and narrowed its annual adjusted profit target. Lower commodity prices for high-volume export products such as turkey and fresh […] Read more
U.S. farm income to fall again
CHICAGO, Ill. (Reuters) — U.S. farm income will fall for a second consecutive year in 2024 but not as much as previously expected as prices of livestock and egg products boom and production expenses ease, the U.S. Department of Agriculture says. Declining farm income could ripple across the rural economy in a presidential election year […] Read more
Lawmakers urged to pass U.S. farm bill
REUTERS — More than 300 U.S. farm and commodity groups urged Congress in a letter last week to pass a long-delayed farm spending bill before the end of the year as farmers face a projected decline in income. The farm bill, an omnibus package passed every five years, funds farm commodity and subsidy programs, as […] Read more
Chinese-made agriculture drones labelled security risk
U.S. lawmakers ask U.S. Department of Agriculture and Cybersecurity and Infrastructure Security Agency to take action
WASHINGTON, D.C. (Reuters) — A dozen Republican U.S. lawmakers have urged president Joe Biden’s administration to address the use of Chinese-manufactured agriculture drones, saying their use on American farms poses national security risks. The House members, including Representatives Elise Stefanik, Ashley Hinson and John Moolenaar, who chairs a select committee on China, wrote letters to […] Read more
China’s carrot and stick tactics pay off
BEIJING, China (Reuters) —As a vote on European Union duties on China-made electric vehicles looms, Beijing employed a carrot-and-stick approach to deal with the 27-strong bloc, threatening trade retaliation while cajoling key EU states into one-on-one talks on deals and investments. The potential blow of counter-tariffs on EU goods will fall mostly on states such […] Read more
GM wheat firm has U.S. plan
BUENOS AIRES, Argentina (Reuters) — The head of Argentine biotech firm Bioceres says it will take at least two years for the firm to start marketing its genetically modified wheat variety HB4 to buyers in the United States, following a U.S. government approval. Last month, the U.S. Department of Agriculture approved the cultivation of HB4 […] Read more
