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High costs, slowing China: VW's perilous road ahead
After Volkswagen's bombshell announcement earlier this month that it could close factories in Germany for the first time, company management and unions will begin tense talks on a new pay deal Wednesday. Production costs in Germany are "clearly too high", said a leaflet from VW's management distributed to the workforce at several sites in the country ahead of the talks.
Asian markets boosted again after another Chinese rate cut
Most Asian markets built on a global rally Wednesday as China announced another interest rate cut the day after unveiling a series of measures to boost the country's ailing economy.
China cuts another key interest rate to boost economy
China's central bank on Wednesday said it would slash another key interest rate, a day after it unveiled a raft of new measures aimed at boosting its ailing economy. "China's slew of monetary easing measures have done little to stimulate the economy in recent years," China Beige Book's Shehzad Qazi, told AFP. "Rate cuts are no longer enough to boost growth in China," he said.
Restarting nuclear power plants: the unprecedented gamble in the US
Two American energy companies are each preparing to bring a nuclear power station back into service, an unprecedented operation which should help meet the growing need for electricity in the United States.
Crypto CEO and Bankman-Fried ex Caroline Ellison gets two-year sentence
Crypto CEO and Bankman-Fried ex Caroline Ellison gets two-year sentence
New York area port prepares for possible US strike disruption
New York area shipping officials urged customers to immediately retrieve their cargo ahead of a possible strike next week which would impact major US ports, according to a letter released Tuesday.
Bolivian government rejects Morales ultimatum for cabinet reshuffle
Bolivia's government on Tuesday rejected an ultimatum by ex-president Evo Morales to replace its cabinet ministers or face the wrath of his followers, thousands of whom had joined him in a weeklong march to the capital. Bolivia's foreign ministry said in a statement Tuesday that Morales had threatened the country's "democratic order," and rejected his demands.
Defying experts, Trump vows tariff-driven US economic boom
Donald Trump pledged Tuesday to deliver a historic windfall for the United States through a business-friendly economy that would reward companies manufacturing domestically -- but heavily penalize those selling Americans foreign-made goods.
No peak oil demand 'on the horizon', phaseout a 'fantasy': OPEC
OPEC said Tuesday that phasing out oil was a "fantasy", as the Saudi-led cartel forecast that demand would keep growing until at least 2050, a key year in the battle against climate change. "What the Outlook underscores is that the fantasy of phasing out oil and gas bears no relation to fact," Ghais said in the report's foreword.
AFP
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