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US auto workers, companies face off on day two of strike
Workers and management from the iconic "Big Three" auto giants were to face off at the negotiating table Saturday on the second day of a strike threatening to disrupt the economy and rock the 2024 presidential election campaign. The upheaval in the crucial sector, involving brands like Jeep, threatens the US economy in a period of strong growth and inflationary pressure.
Poland, Hungary, Slovakia defy end of EU Ukraine grain import ban
The European Union said Friday it was ending an import ban on Ukrainian grain in five member states, but Poland, Hungary and Slovakia immediately announced they would defy the move. But despite the reassurances, Poland, Hungary and then Slovakia promptly announced they would extend the bans in their countries.
Biden backs US auto workers, saying profits should be shared 'fairly'
President Joe Biden sided with striking US auto workers Friday, saying they had not been given a fair cut of record profits at the "Big Three" manufacturers. "Auto companies have seen record profits….
Monaco names new finance minister after money laundering rebuke
Monaco on Friday named a new finance and economy minister, following a rebuke from the Council of Europe earlier this year over shortcomings in the principality's anti-money laundering efforts.
Kenya fuel prices hit all-time high
The cost of fuel in Kenya hit a record high on Friday after the energy regulator revised pump prices, adding to the economic hardship facing millions of people. Kenyans already face a severe cost of living crisis with rising prices for many staple goods, a raft of new taxes, and a plunging shilling.
UK govt pumps £500mn into Tata Steel but says 3,000 jobs at risk
The UK government on Friday said it would provide £500 million ($621 million) to fund the production of "greener" steel at the country's biggest steelworks but that 3,000 jobs were still at risk.
EU hits TikTok with big fine over child data
A European Union regulator hit Chinese-owned social media platform TikTok with a 345-million-euro fine over child data breaches on Friday, in the bloc's latest salvo against the business practices of tech titans.
UK govt to pump £500mn into Tata Steel but says 3,000 jobs at risk
The UK government said Friday that it would provide £500 million ($621 million) to fund the production of "greener" steel at the country's biggest steelworks but that 3,000 jobs were still at risk. Port Talbot steelworks is the UK's single biggest carbon emitter, and the government has been looking to help British Steel and Indian-owned Tata Steel to replace dirty blast furnaces.
Russian central bank raises key rate amid weaker ruble
Russia's central bank raised its key interest rate for the third time in two months on Friday as it grapples with higher inflation and a weaker ruble. The central bank last hiked its key rate at an emergency meeting in August, a day after the ruble tumbled to a more than 16-month low against the dollar.
AFP
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