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Tunisia unveils economic plan betting heavily on private investment
The Tunisian government on Tuesday presented a three-year development plan that relies heavily on private sector investment, particularly in industry, and boosting phosphate production.
German inflation drops on gas bill subsidy
German inflation eased in December for a second straight month, preliminary data showed Tuesday, as government interventions helped bring down energy prices. Even though the December inflation rate brings some respite, prices remain "unacceptably high", said LBBW economist Jens-Oliver Niklasch.
Strike-hit UK faces first rail stoppage of 2023
UK rail staff disrupted the New Year return to work on Tuesday in the latest strike action by workers in a range of sectors over the worst cost-of-living crisis in a generation. Those striking in 2022 included rail, port, border force and postal workers along with lawyers, nurses and ambulance staff.
France signals flexibility in face of pension reform resistance
The French government said Tuesday it could be flexible on its plan to raise the retirement age to 65, part of a hugely controversial pension reform project pushed by President Emmanuel Macron. The full details of the plan -- whose banner policy of raising the retirement age from the current level of 62 has been rejected out of hand by the unions -- are to be unveiled on January 10.
Turkey's inflation rate slows sharply to 64.3%
Turkey's annual inflation pulled back further in December from a two-decade high, official data showed Tuesday, helping President Recep Tayyip Erdogan's chances in elections due by June. A separate study released by Turkey's ENAG research institute showed the annual inflation slowing to 137.6 percent in December from 170.7 a month earlier.
Troubled China Evergrande pledges to repay debts in 2023
China Evergrande has pledged to repay its debt this year, as the property giant faces a restructuring following Beijing's crackdown on excessive borrowing and rampant speculation in the real estate sector.
Asian markets struggle out of gate for new year
Asian stocks started Tuesday on the back foot as traders in most markets returned from the new year break to the same worries over interest rates, China's growth and the Ukraine war, which fuelled a worldwide rout last year. China's economy will likely be at or below global growth for the first time in 40 years, she added.
Shunned by youth, Morocco cosmetic oil craft faces uncertain future
Morocco's argan oil is highly prized by the cosmetics industry, yet it is now mostly produced by elderly workers, raising questions about how long the artisanal practice can continue. But today, she says, "I really fear that the artisanal production of argan oil might disappear".
France fails to end culling of male chicks
An exception to a New Year's resolution by France to end the massive culling of male chicks will still allow millions to be killed, much to the consternation of animal rights activists. French animal rights group L214 has sharply objected to the exception, calling it a "betrayal".
AFP
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