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Author's articles
US unveils fresh export curbs targeting China's chip sector
The United States announced new export restrictions Monday taking aim at China's ability to make advanced semiconductors -- used in weapon systems and artificial intelligence -- as competition deepens between the world's two biggest economies.
From China woes to EV troubles, VW faces rocky road
As Volkswagen seeks to push through a drastic restructuring with billions of euros in cuts, workers nationwide on Monday kicked off what could be a long wave of industrial action. They began their industrial action Monday with so-called "warning strikes" -- short walkouts typically used during ongoing negotiations.
'Future of planet' at stake at ICJ hearings: Vanuatu
The future of the planet is at stake during hearings at the top United Nations court, a representative for Vanuatu said Monday, opening a historic case that aims to set a legal framework on how countries should tackle climate change.
Delivery firm Glovo riders in Spain to become employees
App-based food delivery firm Glovo's freelance riders in Spain will be hired as employees following pressure from the government to give them labour contracts, its German owners Delivery Hero said Monday.
Asian markets rise as China data provides hope but euro struggles
Equities rose across Asia on Monday following another record day on Wall Street, with traders also cheered by data suggesting China's economic malaise is showing signs of easing. Hong Kong and Shanghai were among the best performers after data showed Chinese manufacturing activity expanded at a faster clip than expected in November.
Thousands to strike at Volkswagen's Germany plants
Thousands of Volkswagen workers were to go on strike Monday in an escalating industrial dispute at the crisis-hit German auto giant with thousands of jobs at stake. Its woes reflect a broader crisis in the European auto industry, with demand weak and the transition to electric cars slower than expected.
Norway suspends deep-sea mining projects: govt allies
Norway has suspended plans to start giving licences for deep-sea mining next year that had faced opposition from environment groups and international institutions, a party allied with the centre-left government said on Sunday. But scientists, non-government groups, some multi-national companies and international institutions such as the European Parliament had opposed the move.
Auto giant Stellantis announces 'immediate' resignation of CEO Tavares
Stellantis chief executive Carlos Tavares on Sunday resigned "with immediate effect", the auto giant announced, signalling differences over how to confront the group's profit slump. Tavares started his career in the car industry with Renault before becoming chief executive of the old Peugeot-Citroen (PSA) group in 2014.
VW's German workers to strike from Monday
Workers at German factories for carmaker Volkswagen are to go on strike from Monday over plans to cut thousands of jobs, union IG Metall said Sunday. After little progress in several rounds of talks between labour representatives and Volkswagen bosses, workers at VW factories across Germany will begin the first stage of planned strike action.
AFP
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