The Los Angeles City Council voted to raise the minimum wage for over 23,000 tourism workers to $30 per hour by July 2028, with incremental increases starting at $22.50 in July. Labor unions supported the move, citing the need for workers to keep up with rising costs. Some business leaders expressed concerns about the impact on hotels and LAX concessionaires, warning of potential closures and economic repercussions.
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U.S. and EU scramble to strike a trade deal ahead of Aug. 1 deadline
The Trump administration and the EU are racing to finalize a trade deal before the August 1 deadline, with potential tariffs threatening to increase costs for consumers and businesses. Recent agreements with other trading partners, like Japan, suggest a framework for negotiations, while the EU could agree to a 15% tariff, which would still raise prices despite being lower than previous threats. Want More Context? 🔎
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