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Sees progress in port labour dispute: Biden as strike enters third day

Business Standard LogoBusiness Standard5h ago

Sees progress in port labour dispute: Biden as strike enters third day - Business Standard

Quick Summary:

Economists say the port closures will not initially raise consumer prices as companies accelerated shipments in recent months for key goods.

Biden's administration has sided with the union, heaping pressure on the port employers to raise their offer.

The strike, the biggest of its kind in nearly half a century, has blocked unloading of container ships from Maine to Texas, threatening shortages of everything from bananas to auto parts, and triggering a backlog of ships anchored up outside major ports.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-03 @ 22:34:01 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 678 words

Reading Time: 4 minutes read

Sentences: 15 lines

Sentence Length: 46 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 22866932

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About Business Standard

Business Standard Logo

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 325 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 3 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #49

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The story "Sees progress in port labour dispute: Biden as strike enters third day" was covered 5 hours ago by Business Standard, a news publisher based in India.

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Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news.

The outlet is headquartered in India and publishes an average of 325 news stories per day.

It's most recent story was published 3 hours ago.

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  • URL: https://beamstart.com/news/sees-progress-in-port-labour-17279758497554

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