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

New York Fed: Bank liquidity may be tighter than expected, with policy implications

Nov. 18 (Reuters) – The way the banking system manages its cash suggests that the financial system may not be as fluid as many now understand it, and that could have implications for how the Federal Reserve manages the size of its balance sheet, a paper from the Reserve Bank said. New York Fed 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

Drought-affected Kenyan herders save wildlife – and their livelihoods

Drought drives animals into villages to eat crops and attack livestock Communities and private landowners participate in the protection of wildlife As agriculture poses a threat to biodiversity, reserves are growing OLCHORO OIROWUA VILLAGE, Kenya, Aug. 15 (Thomson Reuters Foundation) – When Robert Nambaso and more than 30 other Maasai herding families leased some of … 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

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

Druzhba pipeline leak reduces Russian oil flow to Germany

Poland discovered a leak late Tuesday No sign of vandalism, says Poland Germany says its supplies of crude oil are sufficient Schwedt refinery serving Berlin has few alternatives WARSAW (Reuters) – Germany said on Wednesday it was receiving less oil but still had enough supplies after Poland found a leak in the Druzhba pipeline that … Read more