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Heated immigration debate complicates Germany's search for workers
Hospital manager Kathrin Leffler says she worries Germany's tense pre-election debate on immigration will make it harder to recruit enough skilled workers from abroad to fill a growing labour shortage. - 'Immigrant complex' - Wassim Hadded, a 27-year-old nurse from Tunisia, is one of the skilled workers already tempted to Germany to fill a key role.
Australia seeks to turn failing steel plant into 'green' hub
A failing Australian metals plant will be transformed into a hub for making "green iron and steel", Prime Minister Anthony Albanese said Thursday as the government stepped in with a billion-dollar rescue package. "Investment in green iron and steel will secure future demand for Australia's iron ore as the world moves toward lower emissions iron and steel," Albanese said.
Trump's labor nominee walks back pro-union stances
Donald Trump's labor secretary nominee on Wednesday distanced herself from previous pro-union stances that sparked Republican criticism, as she called herself a champion of the US president's "America First agenda."
Trump administration tells Pentagon to slash budget
The Trump administration has ordered senior US military leaders to plan for expansive cuts that could slash the defense budget by eight percent annually, or some $290 billion within the next five years, US media reported Wednesday. The planned reductions also run counter to calls by Trump and Hegseth for NATO members to increase their military spending to five percent of GDP a year.
US Fed officials worried Trump policies could hinder inflation fight: minutes
US Federal Reserve policymakers expressed concern last month about the potentially inflationary effects of President Donald Trump's trade and immigration proposals, according to minutes of the meeting published Wednesday. Policymakers raised concerns that "the effects of potential changes in trade and immigration policy" could complicate the disinflation process.
EU trade chief says bloc will respond swiftly to US tariffs
The European Union will respond "firmly and swiftly" to protect its interests if Washington imposes tariffs on the bloc's goods, its trade chief said Wednesday, rejecting President Donald Trump's claim that US-EU trade ties are unfair. "To protect European interests, we will have no choice but to respond firmly and swiftly," he added ahead of talks with his US counterparts.
Ikea hopes for furniture market improvement in 2026
World number-one furniture retailer Ikea is hoping the market will improve next year from a decline in consumer spending on furnishing their homes, one of its senior leaders told AFP. During a recent visit to Paris to visit the Swedish chain's new city-centre shop, Inter Ikea chief Jon Abrahamsson Ring told AFP that 2025 is likely to be "challenging".
Arsenal post £17.7m loss despite record revenues
Arsenal lost £17.7 million in the 2023/24 season despite a return to the Champions League helping to post a club record £616.6 million ($775 million) revenue. However, wages skyrocketed to £327.8 million from £234.8 million.
Canada announces first high-speed rail: Toronto to Quebec City
Prime Minister Justin Trudeau on Wednesday announced Canada's first high-speed rail line, connecting major hubs from Toronto to Quebec City, calling it "the largest infrastructure project in Canadian history." This will be "the largest infrastructure project in Canadian history," Trudeau told a news conference in Montreal.
AFP
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