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Tennessee VW workers hold key unionization vote
Tennessee VW workers hold key unionization vote
Economy
by  AFP

Volkswagen employees in Tennessee will begin casting ballots Wednesday in a vote that could make theirs the first foreign carmaker to unionize in the American South, expanding gains made by organized labor in the auto heartland of Detroit.

Tech venture capital titan Andreessen Horowitz raises $7.2 bn
Tech venture capital titan Andreessen Horowitz raises $7.2 bn
Technology
by  AFP

Silicon Valley venture capital star Andreessen Horowitz said Tuesday it had raised $7.2 billion to invest in startups behind games, apps, artificial intelligence and more. Other "strategies" targeted for investment were apps, games, "American Dynamism," and tech "infrastructure" including artificial intelligence (AI).

'We are not Fed-dependent,' ECB chief says on rate cuts
'We are not Fed-dependent,' ECB chief says on rate cuts
Economy
by  AFP

European Central Bank president Christine Lagarde suggested Tuesday that the regulator could lower interest rates before a similar move by the US Federal Reserve, saying "we are not Fed-dependent." "It's on that basis that we have to make our decision and not on the basis of any central bank in the world, be it the Fed."

Canada budget woos young voters, asks rich to pay more
Canada budget woos young voters, asks rich to pay more
Economy
by  AFP

The government of Canadian Prime Minister Justin Trudeau on Tuesday unveiled a federal budget that seeks to woo young voters while asking the wealthy to pay higher taxes. "Today, it is possible for a carpenter or a nurse to pay tax at a higher marginal rate than a multi-millionaire," Freeland told lawmakers.

US Fed's Powell says inflation fight may take 'longer than expected'
US Fed's Powell says inflation fight may take 'longer than expected'
Economy
by  AFP

The US Federal Reserve's ongoing fight against inflation could take "longer than expected," the head of the US central bank said Tuesday, further paring back the chances of early rate cuts. In March, Fed policymakers penciled in three rate cuts for this year, leading markets to price in the first of them as early as June.