AFP
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Asian markets mixed ahead of US inflation data, eyes on China
Markets diverged on Wednesday ahead of US inflation data that could play a key role in the Federal Reserve's interest rate decision next week, while traders were also keeping tabs on Beijing hoping for more economic support measures.
Ecuadoran workers accuse 'monster' Japanese company of exploitation
Ex-employees of a Japanese textile company in Ecuador told Tuesday of their dire living and working conditions, after the country's constitutional court ruled the firm kept its staff in a slave-like setting. "A friend was cut, we were working in a downpour.
Nippon Steel slams 'inappropriate' politics in US deal
Nippon Steel on Wednesday slammed the "inappropriate" role of politics after Bloomberg News reported that President Joe Biden would block its planned takeover of US Steel. But Biden has previously expressed opposition to the takeover, which President-elect Donald Trump -- who will be inaugurated on January 20 -- has also said he would block.
US courts block Kroger's $25 bn supermarket mega-merger
Two US courts ruled against supermarket giant Kroger's planned $24.6 billion acquisition of rival chain Albertsons on Tuesday, dealing an existential threat to the merger in a win for the Federal Trade Commission, which had argued the deal would harm consumers.
GM abandons robotaxi operations derailed by accident
US auto giant General Motors announced Tuesday it will abandon its robotaxi development efforts after a highly publicized incident last year stymied its progress in the autonomous vehicle field. The auto giant said that the restructuring is expected to generate annual savings exceeding $1 billion once completed in the first half of 2025.
Biden says Trump economic plan will be 'disaster'
Outgoing US President Joe Biden on Tuesday branded his successor Donald Trump's economic plans a "disaster," in a speech hailing his own legacy. - Shadow president - The White House touted Biden's speech as a "major address on his economic legacy" as the 82-year-old looks to the history books with fewer than six weeks left in office.
Trump's tariff plans may 'derail' US inflation progress: Yellen
US President-elect Donald Trump's proposals to impose sweeping tariffs on imports could counter earlier efforts to cool inflation, Treasury Secretary Janet Yellen said Tuesday, warning that consumer prices could rise.
New York appeals dismissed PepsiCo plastic pollution suit
New York state this week appealed the dismissal of a pollution lawsuit against soda giant PepsiCo, accusing its single-use plastic packaging of posing a scourge on waterways and public health.
US offers $10 mn reward for wanted Chinese hacker
The United States offered a $10 million reward on Tuesday for information leading to the arrest of a Chinese man and co-conspirators wanted for hacking computer firewalls. "The zero-day vulnerability Guan Tianfeng and his co-conspirators found and exploited affected firewalls owned by businesses across the United States," FBI agent Herbert Stapleton said.
AFP
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