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West Coast Dockworkers Still Talking After Contract Expires

By ROBERT JABLON, Associated Press

LOS ANGELES (AP) — A contract between shipping companies and 22,000 West Coast dockworkers expired over the weekend. But both sides continued to talk and said they want to avoid a strike that could savage an economy already stressed by soaring inflation and supply chain woes.

The contract that expired last Friday covered workers at ports from California to Washington state that handle nearly 40% of U.S. imports.

“While there will be no contract extension, cargo will keep moving, and normal operations will continue at the ports until an agreement can be reached,” said a joint statement from the Pacific Maritime Association and the International Longshore and Warehouse Union.

The ILWU is the union representing Pacific dockworkers, and the Pacific Maritime Association is a trade group for cargo carriers and terminal operators. Its members include such global shipping giants as Maersk and Evergreen Marine.

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Asia Shares Rise on Optimism About Easing COVID Restrictions

By YURI KAGEYAMA, AP Business Writer

TOKYO (AP) — Asian shares advanced Monday across the board as buying set in after the lull of a U.S. national holiday.

Analysts said the optimism may be driven by expectations the U.S. may decide to cut Chinese tariffs, a welcome move that would also help tame inflation.

China’s Commerce Ministry said Tuesday that Vice Premier Liu He spoke with Treasury Secretary Janet Yellen about coordinating economic policy between the two biggest economies and maintaining the stability of supply chains.

In a statement, it also said the Chinese side “expressed its concern over issues such as the removal of additional tariffs and sanctions imposed by the United States on China and fair treatment of Chinese companies.” The two sides agreed to continue their discussions, it said.

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Investors also have been encouraged by the lifting of restrictions related to the coronavirus pandemic across

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Prime 30 Small Enterprise Ideas For Beginners In 2020

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