“We are not your enemy,” say South Korean truck drivers striking for minimum wage protection

UIWANG, South Korea, Dec. 5 (Reuters) – In five white tents outside the Uiwang container depot near Seoul, about 200 striking truck drivers huddle around gas heaters in an attempt to combat the bitter cold and government narrative that they are well-paid “labor aristocracy”. .” They are all too aware of the impact their strike … Read more

UK economy shrinking in 2023, risks ‘lost decade’: CBI

LONDON, Dec 5 (Reuters) – The UK economy is on track to contract by 0.4% next year as inflation remains high and companies postpone investment, with dismal implications for longer-term growth, the Confederation of Business Industry Monday. “Britain is in stagflation – with skyrocketing inflation, negative growth, falling productivity and corporate investment. Businesses see potential … Read more

Oil prices rise after OPEC+ upholds production cut targets, China eases COVID restrictions

Brent gained 0.8% at 0430 GMT, WTI rose 0.9% OPEC+ maintains plans to cut production by 2 million barrels per day More Chinese cities are easing COVID-19 restrictions MELBOURNE, Dec 5 (Reuters) – Oil prices rose as much as 2% on Monday after OPEC+ countries kept their production targets stable ahead of a European Union … Read more

OPEC+ maintains firm policy amid weakening economy, Russian oil cap

No discussions about Russian price cap – deputies The oil price is under pressure due to the weak economy Next meetings will take place on February 1 and June 3-4 LONDON/DUBAI, Dec 4 (Reuters) – OPEC+ agreed in a meeting on Sunday to stick to its oil production targets as oil markets struggle to absorb … Read more

OPEC+ will leave oil policy unchanged during review talks, sources say

OPEC met on Saturday for administrative talks No discussions about the Russian price cap so far – deputies OPEC+ to hold virtual meeting on December 4 LONDON/DUBAI, Dec. 3 (Reuters) – OPEC+ is likely to stick to its oil output targets when it meets on Sunday, five OPEC+ sources said on Saturday, a day after … Read more

Russia says it will not accept an oil price cap and is preparing a response

December 3 (Reuters) – Russia “will not accept a price cap on its oil” and is analyzing how to respond, the Kremlin said in comments on Saturday, responding to a deal by Western powers aimed at limiting a key source of funding for its war in Ukraine. Kremlin spokesman Dmitry Peskov said Moscow had made … Read more

EU countries consider lower gas price cap – documents

Countries meet to discuss the gas price cap proposed by the EU Poland, Belgium, others looking for a lower price limit Germany is one of the opponents of gas price caps BRUSSELS, Dec. 2 (Reuters) – European Union countries will on Friday consider a proposal for a gas price cap slightly lower than one from … Read more

World Bank chief says poorest countries owe $62 billion in bilateral debt

WASHINGTON, Dec. 1 (Reuters) – The world’s poorest countries now owe $62 billion in annual debt service to official bilateral creditors, a 35% increase over the past year, World Bank president David Malpass said on Thursday . increase the risk of payment defaults. Malpass told the Reuters NEXT conference in New York that two-thirds of … Read more

Why Makron? Biden’s state dinner highlights France’s appeal to the US

WASHINGTON, Nov 30 (Reuters) – President Joe Biden’s welcoming of French President Emmanuel Macron during the first state visit from the White House on Thursday since the US Democrat took office in early 2021 is being celebrated by officials from both countries as a recognition of France’s status as America’s oldest ally. The visit also … Read more

The yuan is the new dollar as Russia rides to the redback

Russia turns to Chinese currency amid sanctions Moscow becomes No. 4 offshore yuan trading center Yuan’s share of Russian FX market jumps from 1% to 45% Russian central bank supports trend but warns of risks This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine MOSCOW/SHANGHAI, Nov 29 … Read more