World

Thousands of Indonesians protest labour reform in Indonesian

Thousands of Indonesians protest labour reform in Indonesian

Thousands of Indonesians demonstrated in Jakarta on Saturday to protest against the labour reform presented by the government as harmful to workers’ rights and the environment. The protesters called on parliament to review and reject the labor reform, presented last month by Joko Widodo’s government and which aims to reform some 70 laws to facilitate …

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France opens up to possible changes in pension reform

France opens up to possible changes in pension reform

The French Prime Minister, Élisabeth Borne, was willing on Saturday to introduce changes in the controversial pension reform during the parliamentary process of the government project. “There will be a parliamentary debate, which is a framework in which the project may vary. We are looking for compromises and agreements,” Borne said in an interview on …

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Computer sales fall by 16% in 2022 after the ‘boom’ of the pandemic

Computer sales fall by 16% in 2022 after the 'boom' of the pandemic

The market for computers, including desktops, laptops and workstations, has left behind the ‘boom’ of the coronavirus pandemic after registering a drop in shipments in 2022 that is around 16%, according to figures published by the consultancies IDC, Gartner and Canalys. After two years in which computer sales registered increases that had not occurred for …

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Gold rises to nine-month highs above $1,900 an ounce

Gold rises as traders await U.S. employment data

The price of gold It topped the key $1,900 on Friday, reaching its highest level since late April, after a surprise decline in U.S. consumer prices boosted bets on a slowdown in Federal Reserve interest rate hikes. Spot gold was up 0.4 percent at $1,905.19 an ounce at 1008 GMT. The metal is up 2.1% …

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Spanish inflation slows down and closes 2022 at 5.7%

Spanish inflation slows down and closes 2022 at 5.7%

Spanish inflation slowed to close 2022 at 5.7 percent thanks to lower energy price rises, the National Institute of Statistics said on Friday, down slightly from 5.8 percent two weeks ago. The INE, as the institute is known, attributed the drop in inflation to cheaper heating oil and the lower rise in electricity and fuel …

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China reports 1.35 million passport and visa applications since Jan. 8

China reports 1.35 million passport and visa applications since Jan. 8

A representative of China’s immigration office said on Friday that 1.35 million people have applied for passports and visas for Hong Kong and Macau since Jan. 8, when the country opened its borders after three years. “The number of applications for entry and exit documents will continue to increase steadily in the near future. The …

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ECB’s Kazaks rejects rate-cutting bets as underlying prices rise

ECB's Kazaks rejects rate-cutting bets as underlying prices rise

Martins Kazaks, a member of the European Central Bank’s Governing Council, rejects investors’ bets that the ECB will cut interest rates later this year, saying a deep recession would be needed to reduce borrowing costs. Money markets expect the ECB to raise the rate it pays on bank deposits by almost 150 basis points by …

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Bank of Japan Set to Review Side Effects of Ultra-Relaxation

Bank of Japan Set to Review Side Effects of Ultra-Relaxation

The Bank of Japan will review the spillover effects of its monetary easing at policy meetings next week and may take additional steps to correct distortions in the yield curve, the Yomiuri newspaper reported on Thursday. Last month, the Bank of Japan surprised markets by widening the band around its 10-year bond yield target, a …

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Bank of Japan Set to Review Side Effects of Ultra-Relaxation

Bank of Japan Set to Review Side Effects of Ultra-Relaxation

The Bank of Japan will review the spillover effects of its monetary easing at policy meetings next week and may take additional steps to correct distortions in the yield curve, the Yomiuri newspaper reported on Thursday. Last month, the Bank of Japan surprised markets by widening the band around its 10-year bond yield target, a …

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ECB will continue to raise rates “significantly” at a sustained pace, says De Cos

ECB will continue to raise rates "significantly" at a sustained pace, says De Cos

The European Central Bank expects to continue raising interest rates “significantly” at future meetings, at a sustained pace, to ensure inflation returns to the 2 percent target over the medium term, ECB monetary policy chief Pablo Hernandez de Cos said on Wednesday. “Keeping interest rates at restrictive levels will reduce inflation, moderating demand, and will …

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The dollar, flat; attention to the US CPI after having no Powell clues

The dollar

The U.S. dollar traded virtually flat in Europe on Wednesday, with risk sentiment on the upside but with attention focused on the release of this week’s all-important U.S. inflation data. At 03:10 ET (08:10 GMT), the Dollar Index, which tracks the greenback’s performance against six other currencies, rose to 103.017, holding just above the week’s …

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The markets quote the ‘Powell effect’: 5 keys this Wednesday

The markets quote the 'Powell effect': 5 keys this Wednesday

Markets are trading yesterday’s statements by Jerome Powell, chairman of the US Federal Reserve (Fed). The petroleum Falls. Cryptocurrencies move with rises this morning. Here are the five factors that investors should consider today when making their decisions: 1. Markets price Powell’s wordsJerome Powell, chairman of the Fed, did not give details yesterday of the …

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There is no sign of unanchoring inflation expectations -Holzmann, ECB

There is no sign of unanchoring inflation expectations -Holzmann, ECB

There is no indication of a de-anchoring of market expectations for inflation, European Central Bank monetary policy chief Robert Holzmann said on Wednesday in slides accompanying a speech he gave at a Euromoney conference on Central and Eastern Europe. “There are no signs of unanchoring in inflation expectations,” read one point on a slide on …

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Villeroy praises the resilience of the French economy and sees it possible to avoid a hard landing

Villeroy praises the resilience of the French economy and sees it possible to avoid a hard landing

The French economy is holding up better than expected and the prospect of a “hard landing” should be avoided, European Central Bank member and Bank of France Governor Francois Villeroy de Galhau said on Wednesday. “Activity in France is showing better-than-expected resilience,” Villeroy told Radio Classique. The French economy likely grew slightly in the final …

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Bank of Japan’s 2% inflation target could be adjusted to a “range”

Bank of Japan's 2% inflation target could be adjusted to a "range"

The Bank of Japan’s (BOJ) 2% inflation target can be modified to make it a “range” or range in order to maintain monetary policy flexibility amid possibly higher inflation compared to pre-COVID times, Sayuri Shirai, a former member of the bank’s governing council, said on Wednesday. Shirai, widely seen as a candidate to become deputy …

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Uniqlo will increase the salary of its employees in Japan up to 40%

Uniqlo will increase the salary of its employees in Japan up to 40%

The textile multinational Fast Retailing (TYO:9983The owner of clothing store chain Uniqlo announced Wednesday that it plans to increase the annual wages of its workers in Japan by up to 40 percent in order to reduce the wage gap with its overseas employees. Monthly salaries for university graduates will increase from 255,000 yen (1,790 euros) …

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Crude futures fell during the Asian session

Crude futures fell during the Asian session

Crude oil futures fell during the Asian session on Wednesday. On the New York Mercantile Exchange, Crude oil futures for delivery in February they were trading at 74.44 US dollars a barrel. At the time of writing they are falling by 0.91%. Early it reached a session low of dollars a barrel. Crude oil It …

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South Korea recorded its highest job creation in two decades in 2022

South Korea recorded its highest job creation in two decades in 2022

South Korea registered in 2022 its highest volume of job creation in two decades thanks to the economic recovery after the break generated by the pandemic, according to the Korea Bureau of Statistics. The year 2022 closed with the creation of 816,000 new jobs compared to the previous year, more than double the 317,000 that …

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Saudi Arabia considers investing an extra $10 billion in Pakistan

Saudi Arabia considers investing an extra $10 billion in Pakistan

Saudi Arabia announced that it is considering increasing its investments in Pakistan to 10,000 million dollars and thus increase the volume of its aid in support of the economy of that country, Riyadh’s main non-Arab ally, and whose economy is going through difficult times. As reported today by the official Saudi news agency, SPA, the …

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EU leads hydrogen technology, with Germany and France leading the way

EU leads hydrogen technology, with Germany and France leading the way

The European Union leads the development of technologies for the use of hydrogen, with 28% of patents registered between 2011-2020, followed by Japan, with 24%, and within the Old Continent the heavyweights are Germany (11%), France (6%) and the Netherlands (3%). These data are contained in a joint report on hydrogen published on Tuesday by …

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A Russian warship conducts exercises in the Norwegian Sea

A Russian warship conducts exercises in the Norwegian Sea

A Russian warship armed with hypersonic cruise weapons has conducted exercises in the Norwegian Sea, the Defense Ministry said on Tuesday. “The crew of the frigate ‘Admiral of the Fleet of the Soviet Union Gorshkov’ conducted an air defense exercise in the Norwegian Sea,” the ministry said. Last week, Russian President Vladimir Putin sent the …

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Tokyo Consumer Inflation Exceeds BoJ Target for Seventh Consecutive Month

Tokyo Consumer Inflation Exceeds BoJ Target for Seventh Consecutive Month

The underlying consumer prices in Japan’s capital, a leading indicator of nationwide trends, rose 4.0% faster than expected in December from a year earlier, beating the central bank’s 2% target for the seventh straight month, in a sign of widening inflationary pressure. This increase, the fastest in four decades, is likely to bolster market expectations …

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Powell and other central bankers speak: 5 keys this Tuesday

Powell and other central bankers speak: 5 keys this Tuesday

With investors already watching the upcoming meetings of central banks, today speak some first swords, among them, Jerome Powell, chairman of the US Federal Reserve (Fed). The petroleum It is trading down. Cryptocurrencies move with a mixed tone this morning. Here are the five factors that investors should consider today when making their decisions: 1. …

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German police arrest Iranian suspected of planning Islamist-motivated attack

German police arrest Iranian suspected of planning Islamist-motivated attack

German police have arrested a 32-year-old Iranian national suspected of acquiring the deadly poisons cyanide and ricin to commit an “Islamist-motivated” attack, authorities in western Germany said on Sunday. The suspect’s residence in the city of Castrop-Rauxel was searched as part of the investigation, according to a joint press release from the Dusseldorf prosecutor’s office …

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Brazil investigates who led anti-democratic unrest in capital

Brazil investigates who led anti-democratic unrest in capital

Brazil’s Supreme Court late on Sunday ousted Brasilia’s governor for 90 days over security lapses in the capital after thousands of supporters of far-right former President Jair Bolsonaro ransacked government buildings. Supreme Court Justice Alexandre de Moraes also ordered social media platforms Facebook, Twitter and TikTok block propaganda in favor of the coup. Brazilian authorities …

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China announces a new phase of COVID

China announces a new phase of COVID

China prepared on Monday for a “new phase” in its battle against COVID-19 and financial markets strengthened after Beijing lifted pandemic border controls in a further relaxation of restrictions that has unleashed the virus among its 1.4 billion people. Sunday’s reopening is one of the latest steps in China’s dismantling of its “zero COVID” regime, …

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Moscow ends ceasefire, vows to move forward in Ukraine

Moscow ends ceasefire, vows to move forward in Ukraine

Russian bombing of eastern Ukraine killed at least two people overnight, local authorities said on Sunday, after Moscow ended a ceasefire it declared for Christmas. President Vladimir Putin ordered a 36-hour ceasefire on the contact line from Friday at noon to celebrate the Russian and Ukrainian Orthodox Christmas, which ended on Saturday. Ukraine rejected the …

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China reopens borders in goodbye to zero COVID policy

China reopens borders in goodbye to zero COVID policy

Travelers arrived in China by air, sea and land on Sunday, many eager to be reunited with loved ones, as Beijing opened borders that have been virtually closed since the start of the COVID-19 pandemic. After three years, mainland China opened sea and land crossings with Hong Kong and ended the requirement that incoming travelers …

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Employment and prices take the collection to record before the end of 2022

Employment and prices take the collection to record before the end of 2022

The good performance of employment, high business margins and inflation have triggered tax collection in 2022, which at the end of November was already above the record reached in 2021 (223,385 million). The Tax Agency’s November collection report shows tax revenues in the first eleven months of 2022 of 239,789 million euros, 15.9% more than …

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Sisco Sapena invests more than 2 million in a green hydrogen project

Sisco Sapena invests more than 2 million in a green hydrogen project

The Lleida businessman Sisco Sapena, president and founder of the listed Lleida.net, has invested more than 2 million euros in a project to create the first green hydrogen microgeneration network in Spain. Sapena has set up the company H2PLT, a renewable energy company that represents the entry of this entrepreneur in the green hydrogen business …

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How to prepare investment portfolios for 2023

How to prepare investment portfolios for 2023

From the Swiss firm UBS Asset Management (UBS AM), consider it “possible” that global equities move “within a range, limited to the upside by the interest of the Federal Reserve (Fed) in avoiding an excessive easing of financial conditions”. However, they expect that “the strength of the economy and the rebound of China will cushion …

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China’s ‘great migration’ begins in the shadow of COVID

China's 'great migration' begins in the shadow of COVID

China on Saturday celebrated the first day of “chun yun,” the 40-day travel period of the Lunar New Year, which was known before the pandemic as the world’s largest annual migration of people, bracing for a huge surge in travelers and the spread of COVID-19 infections. The Lunar New Year holiday, officially celebrated from January …

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Deschamps extends his contract as French coach until 2026

Deschamps extends his contract as French coach until 2026

France coach Didier Deschamps has extended his contract until June 2026, the French Football Federation (FFF) said in a statement on Saturday. “The French Football Federation and Noel Le Graet, its president, are pleased to announce the extension of Didier Deschamps’ contract at the helm of the French national team until June 2026,” the statement …

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U.S., Mexican Immigration Officials to Meet Before Biden’s Visit

U.S., Mexican Immigration Officials to Meet Before Biden's Visit

U.S. and Mexican immigration officials will meet in El Paso on Saturday, a day before U.S. President Joe Biden’s first visit to the border since taking office, the Mexican immigration institute said on Friday. The meeting between Mexican immigration chief Francisco Garduno and Border Patrol officials in the Texas border city will aim to coordinate …

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The hybrid format of teleworking remains after the pandemic trial

The hybrid format of teleworking remains after the pandemic trial

The teleworking forced by the pandemic and its subsequent adaptation to the hybrid format has signs of both staying in the ways of working and evolving towards greater flexibility, and this is demonstrated by the increase in employed people who have used this formula in recent years, from 8.5% in 2018 to 12.8% in 2021 …

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Eurozone inflation fell by nine tenths in December, to 9.2%

Eurozone inflation fell by nine tenths in December, to 9.2%

Year-on-year inflation in the euro area fell nine tenths in December, to 9.2%, compared to 10.1% registered a month earlier, according to preliminary data published today by Eurostat. By country, Spain continued to be the partner of the common currency with the lowest inflation taking into account the harmonized CPI rate that Eurostat uses to …

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Fighting continues in Ukraine as Russian Orthodox Christmas truce arrives

Fighting continues in Ukraine as Russian Orthodox Christmas truce arrives

Russia and Ukraine attacked each other positions in eastern Ukraine on Friday without signaling that they will respect the 36-hour ceasefire unilaterally ordered by Russian President Vladimir Putin on short notice to celebrate Orthodox Christmas in the region. On Friday morning, Christmas Eve for Russians and many Ukrainians, Russian shells hit Kramatorsk, a Ukrainian city …

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Natural gas futures fell during the European session

Natural gas futures fell during the European session

Natural Gas Futures fell during the European session on Friday. On the New York Mercantile Exchange, Natural Gas Futures for delivery in February they were trading at US$3.65 per million British thermal units. At the time of writing they are falling by 1.91%. Early it reached a session low of dollars per million British thermal …

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Lukashenko visits Russian troops stationed in Belarus

Lukashenko visits Russian troops stationed in Belarus

Belarusian President Alexander Lukashenko visited a military base where Russian troops are stationed, the Defense Ministry said on Friday. During the meeting, Lukashenko and an anonymous representative of the Russian military discussed the two countries’ joint military exercises. “At the moment, the units of the Armed Forces of the Russian Federation are ready to carry …

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Deutsche Börse’s gold reserves down 2.9% to 231 tonnes

Gold Heads for Weekly Decline Amid Rate Hike Pressures

The reserves of gold in the safe of Deutsche Börse, manager of the Frankfurt Stock Exchange, fell at the end of 2022 to 231 tonnes, 6 tonnes or 2.9% less than in January (237.9 tonnes) per profit collection. Deutsche Börse reported on Friday that in the last five years reserves increased by 56.8 tons and …

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Crude oil futures rose during the Asian session

Crude oil futures rose during the Asian session

Crude oil futures rose during the Asian session on Friday. On the New York Mercantile Exchange, Crude oil futures for delivery in February they were trading at 74.50 US dollars a barrel. At the time of writing they are up by 1.13%. Early it reached a session high of dollars a barrel. Crude oil It …

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German Expats in China Receive First Foreign COVID Vaccines

German Expats in China Receive First Foreign COVID Vaccines

Germans living in China began receiving the BioNTech vaccine on Thursday COVID-19, the first foreign coronavirus vaccine to be administered in a country that has not approved the use of non-Chinese vaccines, despite rising infections. Under an agreement reached during a visit to Beijing by Chancellor Olaf Scholz in November, Germans over the age of …

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Ukraine to receive more armored vehicles, but demands tanks to fight Russia

Ukraine to receive more armored vehicles, but demands tanks to fight Russia

Western allies advanced to agree to supply armored fighting vehicles to Ukraine but not the heavier tanks it has requested to fight Russia, while Washington predicted intense fighting would continue for months on the eastern front line. French President Emmanuel Macron has told Ukrainian President Volodymyr Zelensky that his government would send AMX-10 RC light …

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Turkey announces cheaper mortgages for middle incomes

Turkey announces cheaper mortgages for middle incomes

Turkish Finance Minister Nureddin Nebati said on Wednesday that mortgages with lower rates and longer maturities would be offered to middle-income citizens who want to buy a new home. Nebati told a news conference that mortgage loans worth up to 5 million lira ($266,823) will have a maturity of up to 15 years, while interest …

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China vows ‘final victory’ over COVID as outbreak sparks global alarm

China vows 'final victory' over COVID as outbreak sparks global alarm

Health authorities around the world have tried to determine the facts of China’s virulent COVID-19 outbreak and how to prevent further spread, as the government’s mouthpiece on Wednesday encouraged citizens to a “final victory” over the coronavirus. The lifting last month of China’s strict restrictions on the coronavirus has unleashed its spread in a population …

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BoJ’s Kuroda maintains expansionary monetary policy to meet its objectives

BoJ's Kuroda maintains expansionary monetary policy to meet its objectives

Bank of Japan Governor Haruhiko Kuroda said on Wednesday the central bank would maintain its expansionary monetary policy to keep inflation at its 2 percent target along with wage growth. Kuroda’s comments at a New Year’s meeting of the Japanese bankers’ association counter lingering market speculation that the Bank of Japan could join the world’s …

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Norway says fund to reduce Amazon deforestation in Brazil is back up and running

Norway says fund to reduce Amazon deforestation in Brazil is back up and running

Norway, the Amazon Fund’s top donor, said the initiative to support forest protection had been revived now that Brazilian President Luiz Inacio Lula da Silva had returned to power and promised to halt deforestation. “Brazil’s new president has signaled his clear ambition to halt deforestation by 2030,” Norwegian Climate and Environment Minister Espen Barth Eide …

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Germany lags behind on emissions targets despite renewables boom, experts say

Germany lags behind on emissions targets despite renewables boom, experts say

Germany’s carbon dioxide emissions held steady last year, compromising its climate targets as increased use of petroleum and charcoal It offset lower energy consumption and record production of renewables, data from climate think tank Agora Energiewende showed on Wednesday. Germany’s energy consumption in 2022 fell by 4.7% year-on-year, reaching its lowest level since reunification, thanks …

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Material shortages continue to be mitigated for German manufacturers – Ifo

Material shortages continue to be mitigated for German manufacturers - Ifo

Material shortages continued to decline in Germany’s manufacturing sector at the end of the year, according to a survey by the Ifo economic institute published on Tuesday. In December, 50.7% of the companies surveyed reported having problems, compared to 59.3% in November, which is the third consecutive decline, according to the survey. “Shortages seem to …

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Industrial activity in China extends its decline due to the advance of COVID -Caixin PMI

Industrial activity in China extends its decline due to the advance of COVID -Caixin PMI

Chinese factory activity contracted at a sharper pace in December as rising COVID-19 infections disrupted production and weighed on demand after Beijing largely lifted coronavirus restrictions, a private-sector survey showed on Tuesday. The Caixin/Markit manufacturing purchasing managers’ index (PMI) fell to 49.0 in December from 49.4 in November. The index has remained five consecutive months …

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South Korea, U.S. discuss nuclear planning, drills

South Korea, U.S. discuss nuclear planning, drills

South Korea and the United States are discussing the joint planning and execution of U.S. nuclear operations to counter North Korea and hope to conduct a simulation exercise soon, officials from both sides said on Tuesday. The plan comes amid pressure from South Korean President Yoon Suk-yeol to bolster expanded U.S. deterrence — the U.S. …

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Treasury announces 787 positions of agent of the Public Treasury

Treasury announces 787 positions of agent of the Public Treasury

The Ministry of Finance and Public Function has launched the call for a selection process to fill 787 positions in the general administrative body of the State Administration, specializing in agents of the Public Treasury. As published on Tuesday the BOE, in addition to the 787 places of the free shift, a selective process has …

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NATO countries to discuss defence spending target -Stoltenberg

NATO countries to discuss defence spending target -Stoltenberg

NATO countries will discuss their defence spending targets in the coming months, while some of them are calling for the 2% target to become a minimum figure, NATO Secretary-General Jens Stoltenberg told German news agency DPA. “Some allies are strongly in favor of making the current 2% target a minimum,” Stoltenberg said in an interview …

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EU offers free COVID vaccines to China to help curb outbreak-FT

EU offers free COVID vaccines to China to help curb outbreak-FT

The European Union has offered free COVID-19 vaccines to China to help Beijing contain a massive outbreak of the disease, the Financial Times reported on Tuesday. The initiative is part of Health Commissioner Stella Kyriakides’ efforts to mount a European response to the prospect of a surge of infections after Beijing abandoned its so-called “zero …

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Faithful pay homage to Benedict XVI in St. Peter’s Basilica

Faithful pay homage to Benedict XVI in St. Peter's Basilica

A steady stream of people poured into St. Peter’s Basilica on Monday to pay their respects to Pope Emeritus Benedict XVI, whose body will rest before the high altar until his funeral later this week. Benedict died Saturday at the age of 95 in the isolated Vatican monastery where he had lived since his unexpected …

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The worst times for eurozone factories are over, according to December PMI

The worst times for eurozone factories are over, according to December PMI

Falling manufacturing activity in the eurozone is likely to pass its lowest point as supply chains begin to recover and inflationary pressures ease, a survey showed on Monday, leading to a rebound in optimism among factory managers. S&P Global’s final purchasing managers’ reading (PMI) for manufacturing stood at 47.8 points in December, up from 47.1 …

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Amor (CEOE) sees “difficult” an agreement on pension reform

Amor (CEOE) sees "difficult" an agreement on pension reform

The president of ATA and vice president of the CEOE, Lorenzo Amor, pointed out on Monday that he sees “difficult” an agreement in the last block of the pension reform and stressed that from the employers will not support measures that involve an increase in costs for companies. In an interview on RNE, Amor has …

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Some in China resume business as usual after COVID-19 infections

Some in China resume business as usual after COVID-19 infections

Some residents of China’s major cities, Beijing, Shanghai and Wuhan, braved the cold and a spike in COVID-19 infections to resume normal activity on Monday, hoping to boost the economy as more people recover from infections. Among those who gathered to sled or ice skate on a frozen lake in the capital’s Lake Shichahai park …

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Kim Jong-un Dismisses North Korea’s Second Military Officer

Kim Jong-un Dismisses North Korea's Second Military Officer

North Korea has ousted Pak Jong-chon, the second-most powerful military officer after leader Kim Jong-un, state media reported. Pak, deputy chairman of the ruling Workers’ Party’s Central Military Commission and secretary of the party’s Central Committee, was replaced by Ri Yong-gil at the committee’s annual meeting held last week, the official KCNA news agency reported …

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Defiant Ukrainians Celebrate New Year as Drones Are Shot Down

Defiant Ukrainians Celebrate New Year as Drones Are Shot Down

Ukrainians cheered from their balconies as their air defenses attacked Russian missiles and drones from the sky in the early hours of 2023, which saw Moscow attack civilian targets across Ukraine. The Ukrainian Air Force command said it destroyed 45 Iranian-made Shahed drones, 32 of them on Sunday after midnight and 13 on Saturday night. …

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France urges EU peers to test Chinese travelers for COVID

France urges EU peers to test Chinese travelers for COVID

France urged its European Union counterparts on Sunday to screen Chinese travelers for COVID, after Paris decided to do so against a backdrop of an outbreak ravaging the country. Only Italy and Spain also require testing in the EU, which groups 27 countries, as health officials across the bloc failed last week to agree on …

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The minimum wage increases in France to 1,353 euros

The minimum wage increases in France to 1,353 euros

The French minimum interprofessional wage increased today, with the change of year, to 1,353 euros, representing a net increase of 1.8%, 24 euros, compared to 2022. By the hour, the minimum wage rises from 11.07 euros to 11.27. The increase is automatic each year based on year-on-year inflation published in November by the French statistics …

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UAE imposes private sector quota to boost hiring of Emiratis

UAE imposes private sector quota to boost hiring of Emiratis

The United Arab Emirates (UAE) imposes from this Sunday that private companies with fifty or more employees in the Arab country have 2% of their nationals in their workforce, in a country where 90% of the private workforce is composed of expatriates. Last December, the Emirati Council of Ministers approved a decision to raise so-called …

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Only Catalonia and Madrid start 2023 without budgets

Only Catalonia and Madrid start 2023 without budgets

Only Catalonia and the Community of Madrid have started the year without new budgets, unlike the four regions where there is an absolute majority and another ten, plus Ceuta, in which coalitions or minority parties govern, which speaks of the general stability of the regional executives. The community that is missing from that list is …

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The CAP 2023-2027 enters into force, affecting 650,000 Spanish farmers

The CAP 2023-2027 enters into force, affecting 650,000 Spanish farmers

The new Common Agricultural Policy (CAP) that will govern the countryside between 2023 and 2027 comes into force this Sunday, January 1, with profound changes affecting more than 650,000 farmers and ranchers in Spain, the third beneficiary country, with an allocation of more than 47,000 million euros. The European Union (EU) applies since Sunday what …

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Croatia enters Schengen and starts using the euro

Croatia enters Schengen and starts using the euro

Croatia entered the Schengen area of free movement and the eurozone on Sunday, a decade after joining the European Union (EU). At 0:00 today, controls were removed at 73 crossings of Croatia’s borders with Slovenia and Hungary, which have already become internal Schengen boundaries. Croatian Interior Minister Davor Bozinovic and his Slovenian counterpart welcomed the …

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Benedict XVI, the first pope to resign in 600 years

Benedict XVI, the first pope to resign in 600 years

Pope Emeritus Benedict was the first pontiff to step down in 600 years, leaving behind a Catholic Church battered by sex abuse scandals, mismanagement and polarized between conservatives and progressives. The first German pope in 1,000 years died Saturday at age 95. He had good relations with his successor, Pope Francis, but his continued presence …

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Spain launches a pioneering plastic tax in the EU

Spain launches a pioneering plastic tax in the EU

As of this January 1, the tax on non-reusable plastic containers begins to take effect in Spain, in a pioneering way throughout the European Union (EU), which will fall on the entire industry with a tax rate of 0.45 euros for each kilogram of this material manufactured or acquired. This is one of the fiscal …

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