South African factory workers protested against the dismissal of foreign employees, arguing their skills are vital for businesses and job security for locals.
South African factory workers protested against the dismissal of foreign employees, arguing their skills are vital for businesses and job security for locals.
Atop one of Egypt's Sinai mountains, near where the three Abrahamic faiths say God spoke with Moses, another unmistakable sound rings out: the incessant drilling of construction work. In the remote, rugged terrain of southern Sinai, Egypt has undertaken a vast megaproject aimed at drawing mass tourism to the once serene mountain town of Saint Catherine.
Staring at a pile of freshly cut beechwood, forestry manager Johannes Brodowski wonders if he is looking at the future of Germany's chemicals industry. Germany's traditional chemicals industry has been battered by high energy prices and cheap competition from Asia, with national output now at its lowest level since 1995.
Asian markets struggled to maintain their early momentum Thursday, even after the latest batch of US data reinforced expectations that the Federal Reserve will cut interest rates for a third successive time next week. The reading was also the most since early 2023 and is the latest example of a stuttering labour market.
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