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Vietnam property tycoon on death row faces appeal verdict
A Vietnamese property tycoon sentenced to death for a multi-billion-dollar fraud will learn Tuesday whether her life will be spared, as an appeal court reaches its verdict on one of the biggest corruption cases in history.
US Fed officials see inflation fight as broadly on track
The US appears on track to hit its long-term target of two percent inflation despite a recent uptick, two Federal Reserve officials said Monday, with one indicating support for another rate cut this month.
Venezuela's 'Pearl of the Caribbean' loses its luster
One of the five stars that used to adorn the facade of the Margarita hotel on the Venezuelan paradise island of the same name has fallen off. The hotel is abandoned, its peeling facade a symbol of the decline of an island once dubbed the "Pearl of the Caribbean" that has been robbed of its shine by a severe economic crisis.
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.
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.
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.
AFP
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