Economy
Paris, Mar 23 (EFE).- France was bracing itself Thursday for hundreds of protests across the country against the government’s pension reforms. Authorities expect between 600,000 and 800,000 people to take to the streets, and police have deployed 12,000 officers across the country. The reforms, which were pushed through last week...
Paris, Mar 22 (EFE).- French president Emmanuel Macron on Wednesday said he is confident that unpopular pension reforms will come into force by the end of the year. The reforms, which will see the retirement age rise from 62 to 64 years, have triggered massive protests – which have at...
London, Mar 20 (EFE).- The Bank of England has welcomed the Swiss government-brokered deal of UBS taking over the crisis-hit Credit Suisse, noting that the British banking system was “safe and sound” amid fears of a possible global banking crisis. “We welcome the comprehensive set of actions set out by...
Sydney, Australia, Mar 17 (EFE).- Australia confirmed on Friday its intention to buy long-range missiles from the United States as part of the AUKUS security pact, shortly after Washington announced that it authorized the sale of up to 220 Tomahawk cruise missiles to the Oceanic country. “Making sure we have...
Paris, Mar 16 (EFE).- The French government on Thursday used special constitutional powers to push through controversial pension reforms, avoiding a vote in parliament. One of the most contentious issues in the reforms is an increase in the minimum retirement age, from 62 to 64. Prime minister Élisabeth Borne said...
Athens, Mar 16 (EFE).- Greece’s train operator has announced a 42,000 euros compensation plan for each family affected by February’s deadly train collision as anger continues to mount in the country amid a second general strike planned on Thursday. The families of deceased passengers will receive an advance payment of...
Colombo, Mar 15 (EFE).- Sri Lankan state employees on Wednesday launched a massive strike in protest against the conditions imposed by the International Monetary Fund to process a bailout package for helping the island come out of the serious economic crisis it has been witnessing since last year. “Today’s strike...
Tokyo, Mar 14 (EFE).- Three of the largest Japanese banks, Mitsubishi UFJ, Mizuho and Sumitomo Mitsui Financial Group, recorded significant losses Tuesday along with other Japanese financial entities in the first half of trading on the Tokyo Stock Exchange due to fears of their exposure to the bankruptcy of Silicon...
London, Mar 13 (EFE).- Former football player Gary Lineker will return to his role as the presenter of the BBC’s highly popular Match of the Day after reaching an agreement Monday with the organization, which suspended the celebrity over tweets criticizing the British government’s controversial new migrant policy. Match of...
London, Mar 13 (EFE).- The British subsidiary of the collapsed Silicon Valley Bank has been sold to HSBC in a private deal facilitated by the United Kingdom’s government and the Bank of England. Jeremy Hunt, the UK’s chancellor of the exchequer, said no taxpayer money was used in the private...
Riyadh, Mar 12 (EFE).- Saudi Arabia’s state oil company Aramco on Sunday announced record profits of $161.1 billion for 2022, a year that saw energy prices soar due to the war in Ukraine and increased demand following the Covid-19 pandemic. The annual profits, up 46.5% from the previous year, are...
Beijing, Mar 10 (EFE).- Taiwan on Friday resumed regular direct flights to 10 Chinese cities and another 13 cities by charter flight three years after connections with China were dropped to a minimum due to the coronavirus pandemic. The reinstated routes will link the Taiwan cities of Taoyuan, Taipei and...
