Analysis Crypto by Thebittimes.Com

Amid the concerns of a brewing trade war between the United States and the BRICS nations, the US and China have agreed to a tariff pause, with all eyes on who could be next. In early April, the Western country implemented a sweeping global 10% tariff on all nations. After Beijing reached an agreement for a 90-day pause, there was hope that a full trade deal could follow. China’s stand was one of the most influential in the entire BRICS alliance. Last month, the economic bloc agreed to remain aligned on its dealings with the United States regarding its import duty increases. Subsequently, there could be a string of signed agreements with various nations in the collective. Source: iStock Also Read: BRICS or the US? Saudi Arabia May Have Chosen a Side Amid the Faceoff US and China Reach Tariff Pause Agreement: Will Another BRICS Nation Be Next? The global economy received great news to start the week as the United States and China made notable headway on trade negotiations. US Presid...

Around 33,000 Boeing union members began striking on Friday after overwhelmingly rejecting a four-year contract with the aircraft manufacturer. This is the first time Boeing members have gone on strike in 16 years. The strike will stop commercial plane production and lead to further problems for an already troubled manufacturing giant. Also Read: Standard Chartered Predicts the Future of Bitcoin (BTC) Boeing Workers’ Strike: Key Details and Implications Source: Investopedia Union Members Reject 25% Pay Hike The company has around 150,000 US employees, and 33,000 of them have been on strike since midnight. The Boeing workers on strike represent the International Association of Machinists and Aerospace expressed their dissatisfaction over a pay hike. After much negotiations, the aircraft giant proposed a 25% pay hike with increased job security for union members. Overwhelming Rejection of the Proposal However, the deal was rejected by a landslide, as 94.6% of the union members voted agai...