Economy

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UK govt backs finance minister after tears in parliament
UK govt backs finance minister after tears in parliament
by  AFP

The British government said Wednesday that finance minister Rachel Reeves was "going nowhere" after she appeared visibly upset in parliament as rumours swirled around her future. It came after Starmer's Labour government U-turned over key welfare reforms, wiping out a multibillion-pound boost to public finances and triggering speculation that Reeves could lose her job.

French court convicts ex-Ubisoft bosses for workplace harassment
French court convicts ex-Ubisoft bosses for workplace harassment
by  AFP

A French court sentenced three former Ubisoft executives on Wednesday to suspended prison terms for enabling a culture of sexual and psychological harassment at the gaming giant. For his part, former chief creative officer Serge Hascoet was given an 18-month suspended sentence for psychological harassment and complicity in sexual harassment.

Public or private? Funding debate splits reeling aid sector
Public or private? Funding debate splits reeling aid sector
by  AFP

As cuts by rich donors decimate aid budgets for the world's most vulnerable, private financing has been touted as the sector's saviour -- but not everyone is convinced. - 'Investor whitewash' - Campaigners have criticised rich countries for pushing private finance over public sources of aid, citing a lack of accountability and debt issues.