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UK unemployment climbs as inflation weighs on economy
UK unemployment rose back to four percent in the three months to the end of May, official data showed Tuesday, as the economy struggles with stubbornly-high inflation. The unemployment rate increased from 3.8 percent in the three months to the end of April, the Office for National Statistics (ONS) said in a statement.
'Meta loses more': Zuckerberg takes Threads fight to EU
US tech titan Mark Zuckerberg has plunged into a high-stakes game of brinkmanship with the European Union by withholding his new Threads app from users in Europe, but analysts say he will struggle to win the fight. But either way, the rest of the big tech platforms will be glued to their screens as this fight could shape the future regulatory landscape in Europe for all of them.
Twitter better for 'freedom of speech', says senior Afghan Taliban official
Twitter owner Elon Musk's freewheeling approach to the platform's handling of censorship has won support from an unlikely quarter -- Afghanistan's Taliban. Meta -- owner of Facebook, Instagram, WhatsApp and now Threads -- is still actively shutting down accounts associated with the Taliban.
Foxconn pulls from $19.4 bn deal in India to make semiconductors
Taiwanese electronics giant Foxconn withdrew from a $19.4 billion deal with India's Vedanta to make semiconductors in the South Asian nation owing to "challenging gaps", it announced Tuesday. The deal would have seen Vedanta -- one of India's biggest mining companies -- take a 60 percent share in the joint venture, while Foxconn would have the minority stake.
UK water crisis pollutes privatisation legacy
Britain's biggest water supplier staving off renationalisation, trains derailed by strikes and consumers suffering huge energy bills -- the nation's vital sectors are mired in chaos decades after their controversial privatisation. The nation's rail tracks were not privatised, while the state has periodically enforced temporary renationalisation of badly-run train operators.
Asian markets rise as China pledges fresh property support
Asian markets rose Tuesday, with Hong Kong and Shanghai lifted by China moves to support its struggling property sector and authorities' pledged further help for the economy. "China's latest policy support toward the property sector was a bit surprising -- given the low expectations on the property market," said Zhou Hao, of Guotai Junan International Holdings.
Drought scuppers salmon fishing season in California
Gazing out at San Francisco harbor from her wooden fishing boat, Sarah Bates looks glum. On the San Francisco harbor front, several restaurants have been forced to import salmon from further afield, including Canada, in order to keep the popular fish on their menus.
Cuba still in crisis two years after historic protests
Two years after unprecedented anti-government protests rocked communist Cuba, the deep economic and social problems that drove people to challenge a government notoriously intolerant of dissent have only gotten worse.
Critical negotiations on deep sea mining kick off in Jamaica
Critical negotiations concerning the future of deep sea mining and mineral extraction kicked off Monday in Jamaica, as conservationists aim to rein in a nascent industry that so far lacks meaningful guardrails.
AFP
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