Huge crowds marched across France, piling pressure on Macron’s pension reform

The reform will elevate the retirement age from 62 to 64 Faculties, transportation networks and refinery deliveries have been affected Macron: Reform is important to make sure the continuity of the pension system PARIS (Reuters) – Large crowds marched throughout France on Tuesday to say “no” to President Emmanuel Macron’s plan to make individuals work … Read more

US labor cost growth is the smallest in a year; Work is constantly tight

The Employment Price Index rose 1.0% within the fourth quarter wages and salaries improve by 1.0%; 5.1% improve year-on-year The Shopper Confidence Index fell to 107.1 in January Home value inflation slows additional in November WASHINGTON (Reuters) – U.S. labor prices rose at their slowest tempo in a yr within the fourth quarter as wage … Read more

Apparently Israel was behind a drone strike on an Iranian factory – US official

Drones goal a manufacturing facility close to Isfahan, and there have been no casualties Iran: “cowardly” assault won’t decelerate nuclear exercise Israel refuses to remark DUBAI/WASHINGTON (Reuters) – A US official stated on Sunday that Israel seemed to be behind a drone assault on a navy manufacturing facility in Iran. Iran claimed that it had … Read more

South Africa defends planned military exercises with Russia and China

Lavrov is on a go to for talks with a key African ally After that he’ll journey to Eswatini, Botswana and Angola Pandor says naval workout routines are ‘regular’ President Ramaphosa of South Africa is a impartial occasion PRETORIA (Reuters) – South Africa’s international minister on Monday sidestepped criticism of deliberate joint navy workout routines … Read more

French workers are striking nationwide, saying “not” to reform Macron’s pension system

Police hearth tear gasoline on the outskirts of a Paris protest The federal government desires to boost the two-year retirement age to 64 Railways, colleges and refineries are amongst these affected Macron’s reformist credentials are at stake Opinion polls present broad opposition to pension reform PARIS (Reuters) – French staff went on strike and marched … Read more

EXCLUSIVE: Mexico’s Pemex destroyed $342 million worth of resources from two major fields

MEXICO CITY (January 18) (Reuters) – Mexico’s state oil firm Pemex illegally burned hydrocarbon assets value greater than $342 million within the three years to August 2022, inner paperwork launched by the nation’s oil regulator present, at two of its most necessary fields. new. The three paperwork, launched by the regulator and dated August 2022, … Read more

Microsoft will cut 10,000 jobs with concern about a recession in the cloud technology sector

DAVOS, Switzerland, Jan. 18 (Reuters) – Microsoft Company (MSFT.O) On Wednesday, it mentioned it could lower 10,000 jobs and cost $1.2 billion in income, as cloud computing prospects reassess their spending and the corporate prepares for a possible recession. The layoffs, which have been a lot bigger than the cuts Microsoft made final 12 months, … Read more

China’s population is declining for the first time since 1961, highlighting the demographic crisis

BEIJING/HONG KONG (Reuters) – China’s inhabitants declined final yr for the primary time in six a long time, a historic shift that’s anticipated to mark the beginning of an extended interval of declining inhabitants numbers with profound repercussions for its financial system. and the world. The decline, the worst since 1961, the final yr of … Read more

Asian stock losses widened after weak Chinese GDP data

HONG KONG (Reuters) – Asian inventory losses widened on Tuesday after China reported weak fourth-quarter financial knowledge, though investor expectations for a powerful restoration within the nation remained excessive at the same time as considerations grew that the worldwide financial system was heading into recession. . London is about to open open with FTSE futures … Read more

Davos 2023: Global recession in 2023 seen as likely in World Economic Forum survey

DAVOS, Switzerland (Reuters) – Two-thirds of main private and non-private economists surveyed by the World Financial Discussion board count on a world recession in 2023, the organizer of the Davos Discussion board mentioned on Monday, as enterprise and authorities leaders gathered. its annual assembly. About 18% thought of a world recession “extremely doubtless” — greater … Read more