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WORLD

Workers in Chile strike at world's largest copper producer

AFP, Published on 23/06/2022

» SANTIAGO - Workers at Chile's state mining company Codelco, the largest producer of copper in the world, launched an open- ended strike Wednesday to protest the closure of a foundry in one of the country's most polluted regions.

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WORLD

Workers strike at world's largest copper producer, Chile's Codelco

AFP, Published on 23/06/2022

» SANTIAGO - Workers at Chile's state mining company Codelco, the largest producer of copper in the world, went on an "indefinite" strike on Wednesday, unions said, protesting the closure of a foundry in one of the country's most polluted regions.

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BUSINESS

US Fed announces biggest interest rate hike since 1994

AFP, Published on 16/06/2022

» WASHINGTON: The Federal Reserve announced the most aggressive interest rate increase in nearly 30 years, raising the benchmark borrowing rate by 0.75 percentage points on Wednesday as it battles against surging inflation.

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BUSINESS

US inflation skyrockets, piling pressure on Biden

AFP, Published on 11/06/2022

» WASHINGTON: US inflation surged to a new four-decade high in May, defying hopes that price pressures had peaked and deepening President Joe Biden's political troubles as Americans struggle to meet the cost of essentials like food and gas.

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BUSINESS

OECD sees lower world growth due to Ukraine war's 'hefty price'

AFP, Published on 08/06/2022

» PARIS: The OECD warned Wednesday that the world economy will pay a "hefty price" for Russia's invasion of Ukraine as it slashed its 2022 growth forecast and projected higher inflation.

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WORLD

Germany funds army update to face Russia threat

AFP, Published on 03/06/2022

» BERLIN - The German parliament voted on Friday for a constitutional amendment to create a 100-billion-euro ($107-billion) fund beefing up its military defences in the face of an emboldened Russia.

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WORLD

Cyprus takes risky bet on casinos

AFP, Published on 01/06/2022

» LIMASSOL (CYPRUS) - Europe's largest gaming resort, the City of Dreams Mediterranean, is emerging from bulldozed vineyards and lemon groves on Cyprus's southern coast.

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BUSINESS

China premier issues warning on Covid-hit economy

AFP, Published on 26/05/2022

» BEIJING: China's premier has sounded an unusually stark warning about the world's second-largest economy, saying it must return to normal as the country's zero-Covid strategy bites into growth.

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WORLD

Fears grow that Russian blockade may unleash famine

AFP, Published on 23/05/2022

» ODESSA, Ukraine: Staring out over Ukraine's seemingly endless wheat fields near Odessa, Dmitriy Matulyak has a difficult time imagining that so many people may starve soon as another bountiful harvest nears.

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BUSINESS

Saudi Aramco says Q1 profits jump 82% as oil prices surge

AFP, Published on 15/05/2022

» RIYADH: Saudi Aramco on Sunday posted an 82% jump in first quarter profits, buoyed by a global surge in oil prices that has made it the world's most valuable company.