BRICS leaders meeting in Rio de Janeiro from Sunday are expected to decry US President Donald Trump's "indiscriminate" trade tariffs, saying they are illegal and risk hurting the global economy. It warns that such measures "threaten to further reduce global trade" and are "affecting the prospects for global economic development."
App-based food delivery firm Glovo's freelance riders in Spain will be hired as employees following pressure from the government to give them labour contracts, its German owners Delivery Hero said Monday.
Foreign exchange inflows in the official market increased 226% in the first six months of 2024, following an increase in foreign reserves at $40.88 billion.
Equities rose across Asia on Monday following another record day on Wall Street, with traders also cheered by data suggesting China's economic malaise is showing signs of easing. Hong Kong and Shanghai were among the best performers after data showed Chinese manufacturing activity expanded at a faster clip than expected in November.
Thousands of Volkswagen workers were to go on strike Monday in an escalating industrial dispute at the crisis-hit German auto giant with thousands of jobs at stake. Its woes reflect a broader crisis in the European auto industry, with demand weak and the transition to electric cars slower than expected.
Norway has suspended plans to start giving licences for deep-sea mining next year that had faced opposition from environment groups and international institutions, a party allied with the centre-left government said on Sunday. But scientists, non-government groups, some multi-national companies and international institutions such as the European Parliament had opposed the move.
Stellantis chief executive Carlos Tavares on Sunday resigned "with immediate effect", the auto giant announced, signalling differences over how to confront the group's profit slump. Tavares started his career in the car industry with Renault before becoming chief executive of the old Peugeot-Citroen (PSA) group in 2014.
Workers at German factories for carmaker Volkswagen are to go on strike from Monday over plans to cut thousands of jobs, union IG Metall said Sunday. After little progress in several rounds of talks between labour representatives and Volkswagen bosses, workers at VW factories across Germany will begin the first stage of planned strike action.
The National Bureau of Statistics (NBS) has released its latest Gross Domestic Product (GDP) report and provided insight on the sectors performing.
Vast lines of solar panels reflect the blazing sun in India's western deserts, a dazzling ocean broken only by bristling wind turbines. The Khavda plant in Gujarat state consists of some 60 million solar panels and 770 wind turbines spread over 538 square kilometres (208 square miles) -- almost the size of the sprawling megacity Mumbai.
Economy
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