Transport across much of German will be paralysed Monday as workers strike demanding higher wages to cope with surging inflation, the latest industrial action in Europe's top economy. . - Spreading strikes - The announcement of fresh industrial action came ahead of a third round of salary negotiations for public sector workers, which begin on Monday.
TikTok's CEO Shou Zi Chew, who will represent the Chinese company in a US congressional meeting Thursday, is a former banker turned tech boss whose soft-spoken persona belies his meteoric rise.. Fluent in Mandarin and English, Chew is married to investment company CEO Vivian Kao, a former business school classmate he met over email in 2008.
Crisis-hit Lebanon is "at a very dangerous moment", a visiting International Monetary Fund delegation said Thursday, criticising slow progress on reforms needed to unlock billions in loans.. "We think Lebanon is at a very dangerous moment, at a crossroads," said Ernesto Ramirez Rigo, who headed the IMF delegation in Beirut, warning the continued "policy of inaction is going to leave Lebanon in a never-ending crisis".
Troubled Japanese conglomerate Toshiba said Thursday it will "support" a $15 billion takeover bid by a consortium led by investment fund Japan Industrial Partners.. The JIP-led consortium includes 17 Japanese businesses and six Japanese financial institutions which are investing in or issuing loans for the deal.
A controversial gold mine in Thailand restarted operations on Thursday, more than six years after the government forced it to close over health and environmental concerns.. The Thai government, at that point a military junta, ordered the open-cut mine to halt operations in May 2016 in a rare win for environmental campaigners.
Troubled Japanese conglomerate Toshiba on Thursday accepted a $15 billion takeover bid by a consortium led by investment fund Japan Industrial Partners, major local media outlets reported.. The Nikkei and other media including public broadcaster NHK said a buyout by a consortium of around 20 Japanese companies had been approved at a Toshiba board meeting.
Three years after Luxembourg declared all public transport free in a bid to clear its roads of jams and cut pollution, the car is still king of the congested Grand Duchy.. So the wealthy country of just 650,000 people appeared the perfect place for a bold experiment -- making public transport on trains, trams and buses free nationwide.
Switzerland and Norway hiked interest rates Thursday to tackle inflation despite banking-sector turmoil, with the UK's central bank next in line after the US Federal Reserve also lifted borrowing costs. . A catalyst for SVB's demise was the Fed's shift from near-zero interest rates to higher borrowing costs aimed at taming decades-high inflation.
A massive new gas pipeline to China could help reduce Russia's reliance on European buyers, but analysts say the project reveals a growing imbalance between the longtime strategic allies.. Analysts say the lagging response shows an imbalance favouring Beijing in energy deals between the two countries -- as well as China's wariness of over-reliance on Russia for fuel.
Hempstone Monari's taxi business was just getting going when the wheels fell off his financial future and a Kenyan bank auctioned off his car over the non-payment of a $9,900 loan.. "They took my car even though business was slow," the 29-year-old told AFP, his eyes red from tear gas and several days' stubble on his chin under an orange cloth mask.
