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

Trump’s 2024 presidential bid was a new wrinkle for the markets

NEW YORK (Reuters) – Former President Donald Trump’s entry into the 2024 presidential race on Tuesday confirmed the world’s “worst-kept secrets” and created another variable for markets that some investors say remains a low priority for now. Trump, who has launched relentless attacks on voting integrity in the United States since his defeat in the … Read more

Stocks and Bonds Delayed As Fed Urges Caution

Federal Reserve Chairman Waller underestimates the CPI as just a single number Beijing offers property support, COVID steps Biden meets Chinese President at G20 meeting Limited repercussions for other assets on the collapse of FTX LONDON (Reuters) – Stocks stabilized and bond yields remained close to multi-year highs on Monday after a top US central … Read more

Britain froze Russian assets worth 18 billion pounds

Russia bypasses Libya and Iran as prime target of UK sanctions The UK says sanctions are hurting Russia’s military Russia uses chips in kitchen utensils for cabinets The UK government has reported 236 sanctions violations LONDON (Reuters) – The British government said on Thursday it had frozen more than 18 billion pounds ($20.5 billion) in … Read more

Stocks fall, dollar stabilizes ahead of US inflation data

SYDNEY/LONDON (Reuters) – Stock markets fell on Thursday and the dollar held overnight gains ahead of US inflation data that will weigh on the Federal Reserve’s rate plans, while the potential collapse of a major cryptocurrency exchange worried investors. European STOXX 600 Index (.stoxx) The broadest index in Asia fell 0.4% outside Japan (MIAPJ0000PUS.) It … Read more

From Russia with Money: Georgia thrives as Russians flee Putin’s war

At least 112,000 Russians are moving to neighboring Georgia Georgia is set to become one of the fastest growing economies Some locals are priced out of housing and education The economy could face a hard landing if the newcomers leave TBILISI (Reuters) – As war chokes Europe, a small country trapped under Russia is enjoying … 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 about half of the workforce – internal plans Employees file a class action lawsuit against Twitter Nov 4 (Reuters) – Twitter Inc temporarily closed its offices Friday after telling employees that they will be notified by email later … Read more

EU urges Russia to cancel suspension of Ukraine grain deal in Black Sea

Russia says the action is in response to Ukraine’s attack on ships July agreement allows export of grain from Ukraine Biden says this “outrageous” move will increase starvation Moscow reprimanded the US reaction Kyiv accuses Russia of planning this step in the future Kyiv (Reuters) – The European Union on Sunday called on Russia to … Read more

Contrasting views: Xi’s contract with China needs more signatures

HONG KONG, Oct 23 (Reuters) – Xi Jinping effectively secured a third term as president at the just-concluded secret meeting of the Communist Party of China. His prize: a $16 trillion economy in a weak country, dependent on American technology and facing a demographic crisis. Xi also faces popular resentment over the economic pain his … Read more

Analysis: World Cup could be a nightmare before Christmas for UK supermarkets

Food retailers are under severe pressure from cost inflation Usually the World Cup and Christmas give sales prizes Events coincide with the complexity of logistics and spending patterns LONDON (Reuters) – The Winter World Cup has added a new level of uncertainty to the Christmas trading outlook for British supermarkets: how to convince cash-strapped shoppers … Read more