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Author's articles
French PM faces ouster as opposition vows no-confidence vote
France's Michel Barnier faced an abrupt end to his premiership Monday after key opposition parties said they would back a no-confidence motion against his government after only three months in power.
Stellantis says goodbye to 'performance psychopath' CEO
Carlos Tavares, a self-proclaimed "performance psychopath" who drove auto giant Stellantis with aggressive cost-cutting and high car prices, reached the end of the road as CEO when his strategy hit a dead end. "This is the end of the road for the strategy of cost cutting," said German car analyst Matthias Schmidt.
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.
AFP
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