Foxconn’s huge iPhone factory in China rocked by new worker unrest

Images on the internet show hundreds of workers protesting Surveillance cameras and windows smashed by men with sticks Workers complain about unpaid wages and insufficient food Foxconn says it is working to prevent a recurrence of violence SHANGHAI/TAIPEI, Nov 23 (Reuters) – Hundreds of workers took part in protests at Foxconn’s (2317.TW) flagship iPhone factory … Read more

China widens COVID sidewalks, Apple factory unrest adds to economic concerns

COVID restrictions are increasing as the number of cases increases iPhone factory unrest adds to economic concerns, highlights frustrations Analysts warn of potential for wider lockdowns BEIJING, Nov 23 (Reuters) – Chinese cities imposed more curbs on Wednesday to curb rising coronavirus cases, heightening investor concerns about the economy as new unrest at the world’s … Read more

Bank of England raises bank rate by 50 basis points in December, peaking at 4.25% in Q1: Reuters poll

LONDON, Nov 23 (Reuters) – The Bank of England will continue to raise rates to fight inflation, even as Britain heads into a long, if shallow, recession, with consumers facing a protracted crisis in the cost of livelihoods, a Reuters poll of economists found. . Treasury Secretary Jeremy Hunt announced more pain in a fall … Read more

Asian stocks gain despite rising numbers of Chinese COVID cases

SYDNEY, Nov 23 (Reuters) – Asian stock markets were mostly upbeat on Wednesday, despite mounting cases of COVID-19 in mainland China, leaving investors unsure about the extent to which the new outbreaks will affect the reopening of the second-largest economy in the world could slow down. MSCI’s broadest index of Asia-Pacific equities outside Japan (.MIAPJ0000PUS) … Read more

A bleak winter looms as Russian attacks cripple Ukraine’s power capacity

Ukrainians with little or no heating after bombing Temperatures in several areas already below freezing Residents of Kherson receive offers to evacuate to safer regions Ukraine’s security services raid the famous Kiev monastery KYIV, Nov 22 (Reuters) – President Volodymyr Zelenskiy appealed to Ukrainians to conserve energy amid brutal Russian strikes that have cut the … Read more

Europe hardest hit by global slowdown -OECD

Global growth to fall from 3.1% in 2022 to 2.2% in 2023 National outlooks vary widely, with the UK lagging behind other economies Central banks urged interest rates to keep raising rates PARIS, Nov. 22 (Reuters) – The global economy should avoid recession next year, but the worst energy crisis since the 1970s will trigger … Read more

Japan to investigate Unification Church after backlash over ruling party ties

TOKYO, Nov 22 (Reuters) – Japan on Tuesday launched an investigation into the Unification Church that could threaten its legal status after the assassination of former Prime Minister Shinzo Abe in July exposed its close ties to the ruling party and sparked a public outcry. caused recoil. For the Unification Church, founded in South Korea … Read more

Beijing closes parks and museums as COVID cases rise in China

BEIJING, Nov 22 (Reuters) – Beijing closed parks, malls and museums on Tuesday as more Chinese cities resume massive testing for COVID-19 as China battles a spike in cases, raising concerns about its economy and raising hopes for a speedy recovery. post is tempered -coronavirus reopening. China reported 28,127 new local cases nationally on Monday, … Read more

No tsunami warning for Solomon Islands after 7.0 quake off coast

SYDNEY, Nov. 22 (Reuters) – Authorities in the Solomon Islands said no tsunami warning would be issued following two earthquakes on Tuesday afternoon, including one measuring 7.0 just off the southwest coast. The first quake occurred at a depth of 15 km (9 mi), about 16 km (10 mi) southwest of the Malango area, said … Read more

Analysis: China’s grand reopening may come too late for many businesses

SHANGHAI, Nov 22 (Reuters) – The culinary tourism business of Brian Bergey and his wife Ruixi Hu has held up in China during three years of severe COVID-19 restrictions. But just as excitement in global financial markets mounts that the world’s second-largest economy can finally emerge from its isolation next year, the two pack their … Read more