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

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

Biden and Xi clash over Taiwan in Bali but Cold War concerns are tepid

Biden and Xi meet for 3 hours before the G20 Both leaders stress the need to get relations back on track Indonesia seeks partnerships on the global economy in the G20 Ukraine’s President Zelensky addresses the G20 on Tuesday NUSA DUA, Indonesia, Nov. 14 (Reuters) – U.S. President Joe Biden and Chinese President Xi Jinping … Read more

Lula’s honeymoon ends with Brazilian markets amid concerns over spending plan

BRASILIA (Reuters) – Brazilian President Luiz Inacio Lula da Silva’s short honeymoon with financial markets appeared to be over on Thursday, as he sought to create more room to increase social spending without setting long-term fiscal rules or naming top economic policy makers. . Brazil’s currency and the Bovespa stock exchange benchmark (.BVSP)Which rose last … Read more

COP27: Polluters must pay for climate change, poor countries say to the rich

Island nations demand global carbon tax “While they win, the planet is burning” Fears grow over hunger striker imprisoned in Egypt SHARM EL-SHEIKH, Egypt (Reuters) – Leaders of poor countries criticized rich governments and oil companies for causing global warming, using their speeches on Tuesday at the COP27 climate summit in Egypt to demand that … Read more

Twitter temporarily closes offices as layoffs begin

Employees have to hear by 1600 GMT whether they will be laid off Musk looks to cut nearly half of the workforce – internal plans Employees file a class action lawsuit against Twitter (Reuters) – Twitter Inc temporarily closed its offices Friday after telling employees that they will be notified by email later in the … Read more

Canada asks three Chinese companies to quit lithium mining

China says Canada has broken trade and market rules Chinese company stocks fall Companies say don’t expect a huge impact on performance OTTAWA/BEIJING (Reuters) – Canada on Wednesday ordered three Chinese companies to liquidate their investments in Canada’s critical minerals, citing national security. In response, China accused Ottawa of using national security as an excuse … Read more

European debt market pressures force some governments to rewrite trading rules

Oct 31 (Reuters) – Some euro zone countries have relaxed rules for banks that handle the circulation of their government debt to help them weather some of the toughest market conditions in years, officials told Reuters. Of the 11 major eurozone debt agencies contacted by Reuters, officials in the Netherlands and Belgium told Reuters they … Read more