UK teachers and civil servants join biggest strikes in years on ‘Walkout Wednesday’

UK teachers and civil servants join biggest strikes in years on ‘Walkout Wednesday’

Up to 500,000 people expected to join UK strikes Government says steep pay rises will fuel inflation Schools will close, most trains will not run More strikes involving health workers planned for next week LONDON, Feb 1 (Reuters) – Up to half a million British teachers, civil servants, train drivers and university professors walked off … Read more

Gautam Adani loses Asia’s richest crown as stock rout worsens to $84bn

Gautam Adani loses Asia’s richest crown as stock rout worsens to bn

BENGALURU, Feb 1 (Reuters) – Indian tycoon Gautam Adani lost his title as Asia’s richest person on Wednesday as the rout of his conglomerate’s biggest companies worsened to $84 billion following a a report on short sellers. A Hindenburg Research report last week alleged the group’s misuse of offshore tax havens and stock manipulation, as … Read more

‘Hands off Africa,’ Pope Francis tells the rich world

‘Hands off Africa,’ Pope Francis tells the rich world

Pope begins trip to DR Congo and South Sudan Fran├žois meets the victims of the war in the Congo Trip postponed from July due to Pope’s knee disease KINSHASA, Jan 31 (Reuters) – Pope Francis denounced the “poison of greed” driving conflict in Africa as he began a visit to the Democratic Republic of Congo … Read more

Russia continues its Donetsk campaign; Ukraine wants fighter jets

Russia continues its Donetsk campaign;  Ukraine wants fighter jets

The city of Bakhmut comes under new fire – The Ukrainian army Zelenskiy talks to senior defense officials US prepares $2.2 billion arms package for Ukraine KYIV, Feb 1 (Reuters) – Russian forces are gradually gaining ground in eastern Ukraine’s Donetsk province, focusing on the town of Bakhmut, north of the regional capital. After finally … Read more

Exxon smashes the profits of Western oil majors with $56 billion in 2022

Exxon smashes the profits of Western oil majors with  billion in 2022

HOUSTON, Jan 31 (Reuters) – Exxon Mobil Corp (XOM.N) posted net profit of $56 billion for 2022, the company said on Tuesday, grossing around $6.3 million per hour last year and setting not just a corporate record, but a historical record for the Western oil industry. The oil majors are expected to break their own … Read more

France hit by a new wave of strikes against Macron’s pension reform

France hit by a new wave of strikes against Macron’s pension reform

The reform would raise the retirement age to 64 Schools, transport networks, refinery deliveries affected Macron: an essential reform to ensure the viability of the pension system SAINT-NAZAIRE, France, Jan 31 (Reuters) – Strikers disrupted deliveries to French refineries, public transport and schools on Tuesday in a second day of nationwide protests against President Emmanuel … Read more

Three years later, Britain is still awaiting the Brexit dividend

Three years later, Britain is still awaiting the Brexit dividend

UK lags peers in growth, investment and trade Many economists say Brexit is contributing to underperformance Polls show Britons increasingly regret leaving the EU Lyons, pro-Brexit economist: UK problems have long roots LONDON, Jan 31 (Reuters) – Three years after leaving the European Union, Britain has yet to benefit from the promised Brexit dividend for … Read more

Norwegian fund posts record loss of $164 billion

Norwegian fund posts record loss of 4 billion

The loss in 2022 exceeds the previous record of 2008 Inflation and geopolitical tensions remain risk factors Oil and gas industry record silver entry OSLO, Jan 31 (Reuters) – Norway’s wealth fund, one of the world’s biggest investors, posted a record 2022 loss of 1.64 trillion kroner ($164.4 billion), ending a three-year streak of skyrocketing … Read more

Scholz’s bid to rally Ukraine’s support in South America falls flat

Scholz’s bid to rally Ukraine’s support in South America falls flat

SANTIAGO/BRASILIA, Jan 30 (Reuters) – German Chancellor Olaf Scholz’s attempt this week to rally support for Ukraine in the face of a Russian invasion on his first South American tour has fallen flat, Brazilian President Luiz Inacio Lula da Silva reiterating his view of both sides shared blame. Scholz sought to project unity on Ukraine … Read more

Western allies diverge on jets for Ukraine as Russia claims gains

Western allies diverge on jets for Ukraine as Russia claims gains

Biden says ‘no’ when asked about F-16s for Ukraine Zelenskiy says Moscow is looking for ‘big revenge’ A Russian administrator claims a foothold in Vuhledar Kyiv could regain ground as Western weapons arrive – group KYIV, Jan 31 (Reuters) – Ukraine’s defense minister is expected in Paris on Tuesday to meet President Emmanuel Macron amid … Read more