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Telefonica to shed around 5,500 jobs in Spain
Telefonica to shed around 5,500 jobs in Spain

Telefonica will cut up to 5,500 jobs in Spain under a voluntary departure plan agreed with trade unions last week, the debt-laden telecoms firm said in a statement on Monday. "An agreement was reached with the trade unions... concerning the implementation of a voluntary departure plan for approximately 5,500 workers," Telefonica said in a statement released via the stock market regulator.

by  AFP

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US unemployment rises further, hovering at highest since 2021
US unemployment rises further, hovering at highest since 2021
by  AFP

The US jobless rate picked up again in November, hovering at its highest level in four years, official data showed Tuesday in a report underscoring a labor market cooldown in the world's biggest economy. There was no October jobless rate as officials were unable to retroactively collect data after the shutdown, which lasted until November 12.

China to impose anti-dumping duties on EU pork for five years
China to impose anti-dumping duties on EU pork for five years
by  AFP

China will impose anti-dumping duties on European Union pork imports for five years, but at lower rates than temporary levies in place since September, Beijing announced Tuesday. European producers criticised the imposition of temporary duties on pork in September, denying the dumping allegations.

Economic losses from natural disasters down by a third in 2025: Swiss Re
Economic losses from natural disasters down by a third in 2025: Swiss Re
by  AFP

Global economic losses from natural disasters are projected to have dropped by 33 percent to $220 billion in 2025, despite the damage wrought by the Los Angeles wildfires, reinsurer Swiss Re said Tuesday. The Los Angeles blazes were the costliest-ever wildfire event globally, with insured losses of $40 billion.

Canada plow-maker can't clear path through Trump tariffs
Canada plow-maker can't clear path through Trump tariffs
by  AFP

For decades, Arctic Snowplows has sold its Canadian-made galvanized steel products to "anywhere there is snow" across the border in the United States, says company president Mike Schulz. But Canadian sales are only a "fraction" of what the company has historically made in the United States, he said.