France hit by new wave of strikes against Macron’s pension reform

France hit by new wave of strikes against Macron’s pension reform

The reform would raise the retirement age to 64 Schools, transportation networks, refinery supplies are affected Macron: Reform vital to ensure the viability of the pension system SAINT-NAZAIRE, France, Jan. 31 (Reuters) – Striking workers disrupted deliveries to French refineries, public transport and schools on Tuesday during a second day of nationwide protests over President … Read more

The Norwegian wealth fund posts a record loss of $164 billion

The Norwegian wealth fund posts a record loss of 4 billion

The loss in 2022 surpasses the previous record set in 2008 Inflation and geopolitical tensions remain risk factors Record inflow of money from the oil and gas industry OSLO, Jan. 31 (Reuters) – The Norwegian wealth fund, one of the world’s largest investors, posted a record loss of 1.64 trillion kroner ($164.4 billion) for 2022, … Read more

Scholz’s bid to rally Ukraine’s support in South America fails

Scholz’s bid to rally Ukraine’s support in South America fails

SANTIAGO/BRASILIA, Jan. 30 (Reuters) – German Chancellor Olaf Scholz’s bid this week to rally support for Ukraine in the face of the Russian invasion on his first South American tour fell through, with Brazilian President Luiz Inacio Lula da Silva reiterated his view of both sides shared guilt. Scholz has attempted to project unity in … Read more

Western allies disagree on jets for Ukraine as Russia claims gains

Western allies disagree on jets for Ukraine as Russia claims gains

Biden says ‘no’ when asked about F-16s for Ukraine Zelensky says Moscow is seeking “big revenge.” Russian administrator claims foothold in Vuhledar Kiev could recapture ground if western weapons arrive – group KYIV, Jan. 31 (Reuters) – Ukraine’s defense minister will meet President Emmanuel Macron in Paris on Tuesday amid a debate among Kyiv’s allies … Read more

Pope Francis visits two fragile African countries

Pope Francis visits two fragile African countries

VATICAN CITY, Jan. 29 (Reuters) – Pope Francis on Tuesday embarks on a journey to two fragile African nations often forgotten by the world, where protracted conflicts have left millions of refugees and displaced people struggling with hunger. The visit from January 31 to February 5 to the Democratic Republic of the Congo (DRC) and … Read more

Philips is cutting 13% of jobs related to safety and profitability

Philips is cutting 13% of jobs related to safety and profitability

Philips is cutting another 6,000 jobs Increases layoffs since October to 13% of current workforce Equities are up 5.5% as fourth-quarter results beat expectations AMSTERDAM, Jan. 30 (Reuters) – Dutch health technology company Philips (PHG.AS) will cut an additional 6,000 jobs globally as it seeks to restore profitability and improve the safety of its products … Read more

Unilever appoints former Heinz exec Schumacher as CEO

Unilever appoints former Heinz exec Schumacher as CEO

Becomes CEO on July 1 Activist shareholder says he met Schumacher at Heinz First outsider CEO since the appointment of Paul Polman in 2008 Unilever shares surpass FTSE 100 LONDON, January 30 (Reuters) – Unilever on Monday appointed Hein Schumacher to replace Alan Jope as CEO from July, a move welcomed by investors including board … Read more

The German economy contracted unexpectedly in the fourth quarter, rekindling the specter of a recession

The German economy contracted unexpectedly in the fourth quarter, rekindling the specter of a recession

Q4 GDP at -0.2% Q/Q vs forecast of 0.0% Decrease mainly due to declining private consumption Economists expect a mild recession BERLIN, Jan. 30 (Reuters) – The German economy contracted unexpectedly in the fourth quarter, figures released on Monday showed. Gross domestic product fell 0.2% quarter on quarter in adjusted terms, according to the Federal … Read more

Exclusive: Pro-Kremlin activists in Germany donated money for Russian army equipment

Exclusive: Pro-Kremlin activists in Germany donated money for Russian army equipment

30 Jan. (Reuters) – A group of pro-Russian activists in Germany donated money to a Russian army division fighting in Ukraine, and the money was used to buy walkie-talkies, headphones and telephones, according to a division officer and reports from the organizers of the group seen by Reuters. The couple at the center of the … Read more

Ukraine calls for faster arms deliveries as Russia pushes its eastern offensive

Ukraine calls for faster arms deliveries as Russia pushes its eastern offensive

Three killed in Russian attacks on governor of Kherson Russian troops bombard Vuhledar in the east again Zelenskiy calls on allies to speed up arms deliveries Zelensky is pressuring Macron to bar Russia from the Paris Games KYIV, Ukraine, Jan. 30 (Reuters) – Russian missile strikes killed three people in the southern Ukrainian city of … Read more