New labor unrest rocked the huge Foxconn iPhone factory in China

Pictures online show hundreds of workers protesting Surveillance cameras and windows were smashed by men with sticks Workers complain of delayed wages and inadequate food Foxconn says work to prevent recurrence of violence SHANGHAI/TAIPI (Reuters) – Hundreds of workers took part in protests at a Foxconn station. (2317.TW) Footage uploaded to social media showed the … Read more

The Italian government approves the 2023 budget of 35 billion euros to boost the economy

The budget finds more than 21 billion euros to tame energy bills Additional energy company profits are taxed at 35%. Includes amnesty for tax arrears, lowering the retirement age Relaunching a bridge project linking Sicily with the mainland ROME (Reuters) – Italy’s new right-wing government approved its first budget on Tuesday, a package focused on … Read more

Retail sales in the United States are rising strongly. Raised GDP estimates for the fourth quarter

Retail sales rose 1.3% in October Core retail sales rose 0.7%; September Sales Review Import prices fell for the fourth month in a row industrial production rose 0.1%; Previous months revised down WASHINGTON (Reuters) – U.S. retail sales increased more than expected in October as households stepped up purchases of cars and a range of … Read more

Amazon is laying off some hardware unit employees as it targets 10,000 cuts

November 16 (Reuters) – Amazon.com Inc (AMZN.O) The company said on Wednesday it had laid off some employees in its hardware group, with a person familiar with the company saying it was still targeting about 10,000 jobs, including in its retail and human resources divisions. The announcement, the first for Amazon since media outlets including … Read more

Debate over the Ukraine war dominates the summit of the Group of 20 major economies

Draft Declaration: “Most” G20 Members Condemn Ukraine’s War Ukrainian Zelensky pushes his plan to end the conflict Indonesia calls for an end to political polarization US President Biden skips a dinner party in Bali NUSA DUA, Indonesia (Reuters) – A Western-led campaign to condemn Russia’s invasion of Ukraine dominated Tuesday’s G20 summit in Indonesia’s Bali … Read more

Feeling entrepreneurial? Buying a franchise might be the right move

Dawn Mucci didn’t start a franchise with her own Lice Squad when she started 23 years ago, but there are now 35 franchisees and four corporate locations across Canada.Amy Hutchison/The Globe and Mail Dawn Mucci’s lice removal business had been in business for about a year in Toronto when she got a call from a … Read more

Wall Street closed lower as the Fed pound exchange rate rose

Oil prices add to inflation problems after OPEC+ production cut Weekly jobless claims in the US increased more than expected Indices down: Dow Jones down 1.15%, Standard & Poor’s 1.02%, Nasdaq 0.68% Oct 6 (Reuters) – Wall Street’s main indexes closed lower on Thursday as concerns mounted ahead of closely watched monthly nonfarm payroll numbers … Read more

Wall Street drops as the Fed exchange rate rises

Megacap growth stocks fall against higher yields Oil prices add to inflation problems after OPEC+ production cut Weekly jobless claims in the US increased more than expected Indices down: Dow Jones down 0.94%, Standard & Poor’s 0.74%, Nasdaq down 0.38%. Oct 6 (Reuters) – Wall Street’s main indexes fell further on Thursday as concerns mounted … Read more

EXCLUSIVE: Brands post ads on Twitter next to child pornography accounts

Sept 28 (Reuters) – Some major advertisers including Dyson, Mazda, Forbes and PBS Kids have halted their marketing campaigns or removed their ads from parts of Twitter because their promotions appeared alongside tweets urging child pornography, the companies told Reuters. Brands ranging from The Walt Disney Company (DIS.N)NBCUniversal (CMCSA.O) The Coca-Cola Company (KO.N) Children’s Hospital … Read more