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Makers 'pushed up' price of brands, says watchdog

Makers 'pushed up' price of brands, says watchdog
Nov 29,2023 3:41 am

... This has helped Push Up food prices, the Competition & Markets Authority (CMA) said...

Shop owners hope that tech can deter thieves

Shop owners hope that tech can deter thieves
Nov 17,2023 1:11 am

... Meanwhile, in the US more than $112bn (£92bn) in 2022 - losses which Push Up retailers operating costs and consequently increase prices for customers...

World Bank warns oil prices could reach $150 a barrel

World Bank warns oil prices could reach $150 a barrel
Oct 30,2023 4:51 pm

... She added: " If a severe oil-price shock materialises, it would Push Up food price inflation that has already been elevated in many developing countries...

Not all renters smoke weed or are in gangs, minister says

Not all renters smoke weed or are in gangs, minister says
Oct 2,2023 3:11 pm

... They argue this will reduce the number of rented homes available and Push Up prices...

Electric car rules could cost carmakers billions

Electric car rules could cost carmakers billions
Sep 24,2023 7:41 pm

... Steep tariffs could make electric cars more expensive to produce, and potentially Push Up prices...

Labour pledges more watchdog power after Truss mini-budget

Labour pledges more watchdog power after Truss mini-budget
Sep 21,2023 11:21 pm

... The current Labour Party is on the same, destructive path with their plan to borrow £28 billion a year which would fuel inflation and Push Up interest rates even further...

Morocco earthquake: Such magnitude unusual for country

Morocco earthquake: Such magnitude unusual for country
Sep 10,2023 9:40 am

... This quake will be related to the thrusting and faulting that continues to Push Up the Atlas Mountains...

Parcel delivery giant UPS avoids first strike in 25 years

Parcel delivery giant UPS avoids first strike in 25 years
Aug 23,2023 1:10 am

... This year, wage growth has started to outpace inflation which means that it could start to Push Up prices as consumers spend more money...

Parcel delivery giant UPS avoids first strike in 25 years

Aug 3,2023 6:21 am

By Mariko OiBusiness reporter

UPS has avoided its first US strike in More Than 25 years as The Union representing its workers Said a new five-year contract has been approved.

The Two Sides have been negotiating for months over demands including higher pay and better working conditions.

In July , UPS and the Teamsters union agreed on a deal to raise the average annual salary of full-time drivers to about $170,000 (£133,440), including healthcare and other benefits.

That is up from around $145,000.

The Deal also gives workers One More day of paid holiday, ends forced overtime and adds air conditioning to new models of The Company 's trucks from next year.

" This is the template for how workers should be paid and protected nationwide, and non-union companies like Amazon better pay attention, " The General president of Teamsters Sean M O'Brien Said .

because of The Deal .

The Atlanta-based firm is The World 's largest package delivery company, with More Than 20 million deliveries A Day in More Than 220 countries around The World .

In 2020, UPS estimated that The Goods it handled were worth about 6% of the US economy, including time-sensitive shipments for healthcare firms and others.

Workers at Amazon and other delivery firms have pointed to the agreement as they pushed for their own pay raises.

Unions representing " essential" transportation workers such as pilots, port workers and delivery drivers have been enjoying stronger bargaining power in recent months due to the country's tight jobs market.

The latest data showed that layoffs in the US dropped to an 11-month low In July as the labour market has largely weathered since March 2022.

Economists are watching the pay increases closely, as some worry higher wages could start to feed into an inflation problem that started with pandemic-related supply issues.

US inflation hit a peak of 9. 1% Last Year , far above the Central Bank 's 2% target. But it has eased significantly as The Shock to food and energy prices from The War in Ukraine has faded.

This year, wage growth has started to outpace inflation which means that it could start to Push Up prices as consumers spend more money.

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Source of news: bbc.com

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