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

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

Analysis: Poor countries are at risk from elusive G-20 debt relief efforts

LONDON/WASHINGTON (Reuters) – The failure to make concrete progress on debt relief for the world’s poorest countries at the annual meeting of the International Monetary Fund and World Bank in Washington frustrated policymakers, activists and investors. Two years ago, the Group of Twenty launched the Joint Framework – a mechanism designed to provide a rapid … Read more

Kakao co-CEO steps down amid public outcry over chat app outage

Cocoa pledges to invest in infrastructure to ensure continuity “All thinking revolved around…profit” -CEO Lawmakers propose bill requesting regime support SEOUL, Oct. 19 (Reuters) – Cocoa Corp. (035720.KS) Co-CEO Namkoong Whon resigned on Wednesday as South Korea’s largest mobile chat app sought to quell public anger over massive outages that have left tens of millions … 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