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

Younger Chinese are rejecting the factory jobs that underpin the economy

SHENZHEN (Reuters) – Growing up in a Chinese village, Julian Zhou only saw his father a few times a year when he returned for a break from his grueling job at a textile factory in the southern province of Guangdong. For his father’s generation, working in factories was a lifeline out of rural poverty. For … Read more

The Fed raised interest rates by 50 basis points, but the peak interest rate could be higher

BENGALURU (Reuters) – The Federal Reserve will drop in December to raise interest rates by 50 basis points, but economists polled by Reuters say a longer period for US central bank tightening and a higher interest rate hike are the biggest. Risks to the current outlook. US consumer inflation unexpectedly fell below 8% last month, … 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

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

The Bank of England has historically raised interest rates despite ‘extremely tough’ expectations.

By David Milliken and Andy Bruce LONDON (Reuters) – The Bank of England raised interest rates to 3% on Thursday from 2.25%, the largest rate increase since 1989 as it warned of an “extremely tough” outlook for the economy. The central bank expects inflation to reach a 40-year high of around 11% this quarter, but … Read more

Brazil’s Bolsonaro does not concede to Lula, but authorizes the transfer

BRASILIA/SAO PAULO (Reuters) – Brazilian President Jair Bolsonaro did not concede defeat on Tuesday in his first public comments since losing Sunday’s election, saying protests by his supporters were the result of “indignation and a sense of injustice” over a vote. However, he stopped short of contesting the election result and authorized his chief of … Read more

EXCLUSIVE: Thousands of workers fired in Qatar’s capital ahead of World Cup

Buildings housing Asian and African workers have been emptied Some residents gave two hours to leave the house World Cup highlights Qatar’s treatment of workers DOHA (Reuters) – Workers expelled from their homes told Reuters that Qatar has emptied housing complexes housing thousands of foreign workers in the same areas in the center of the … Read more

Brawls erupt as French strike demands higher wages

PARIS (Reuters) – Dozens of black-clad protesters clashed with police and smashed shop windows on Tuesday on the sidelines of a demonstration as several thousand people took to the streets of Paris to demand higher wages as inflation wiped out their homes. purchasing power. Early in the evening, the Interior Ministry said 11 people were … Read more