TOKYO — Japanese automakers Nissan and Honda were expected to announce Monday that they are in talks on a merger that would catapult them to No. 3 in a global industry undergoing tectonic shifts as it transitions away from reliance on fossil fuels while facing intensifying competition from Chinese rivals. The two companies, and smaller … Read more
The UK economy failed to grow between July and September, revised official figures show. Initial estimates suggested the economy had grown by just 0.1% between July and September – and shrank during September itself. Uncertainty about the Budget had been blamed for such slow growth. In September, the Bank of England’s chief economist had warned … Read more
Starbucks workers have expanded their strike to four more US cities, including New York, the union representing over 10,000 baristas said late on Saturday. The five-day strike, which began on Friday and initially closed Starbucks cafes in Los Angeles, Chicago and Seattle, has added locations in New Jersey, New York, Philadelphia and St. Louis, Workers … Read more
Everyone’s favorite Christmas gift giver, the Internal Revenue Service, has announced that it will be doling out more than $2 billion in checks to Americans this month as part of its effort to make sure everyone received their stimulus payments from 2021. The federal tax agency has announced that an internal review showed many Americans … Read more
Approximately 1 million taxpayers will automatically receive special payments of up to $1,400 from the IRS in the coming weeks. The money will be directly deposited into eligible people’s bank accounts or sent in the mail by a paper check. Approximately 1 million taxpayers will automatically receive special payments of up to $1,400 from the … Read more
LOS ANGELES — For nearly 40 years, customers flocked to Party City for Halloween costumes, favors for children’s birthday parties and decorations for New Year’s Eve celebrations. Now, the go-to shop for everything from cartoon-themed balloons to Super Bowl decor is closing stores. Party City announced Saturday that it would start a “wind down” of … Read more
Approximately 1 million taxpayers will automatically receive special payments of up to $1,400 from the IRS in the coming weeks. The money will be directly deposited into eligible people’s bank accounts or sent in the mail by a paper check. The IRS said it’s distributing about $2.4 billion to taxpayers who failed to claim a … Read more
They won’t shoot out of the ground overnight, but a 72-story skyscraper apartment tower and a 28-story hotel are in the future for the burgeoning Far West Side, aka the Hudson Yards District. Gov. Kathy Hochul named a four-member development partnership as “conditionally designated” to build the tower and a Hilton-branded hotel at 418 Eleventh … Read more
Manhattan office “visitations” — a measure of total office-tower use including for retail stores and by building employees — continued their robust rebound from the pandemic in November, according to the latest Placer.ai location data analyzed by the Real Estate Board of New York. The survey of 350 buildings found average visitations at 67% of … Read more
Cleanup continued in the Kerch Strait near Russian-occupied Crimea on Sunday, a week after at least 3,700 tons of low-grade fuel oil spilled out of two storm-stricken Russian tankers. More than 7,500 people, many of them volunteers, raced to rescue wildlife and clean up shorelines blighted by mazut, a heavy, low-quality oil product, according to … Read more