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Samsung Electronics union announces first-ever strike
Samsung Electronics union announces first-ever strike
Technology
by  AFP

A major union representing tens of thousands of people at South Korean tech giant Samsung Electronics said Wednesday that workers will go on strike for the first time ever, potentially threatening key global semiconductor supply chains. If the strike goes ahead, it would be the first-ever walkout by workers at the South Korean tech giant.

Asian markets retreat on US rate concerns, oil rallies after attack
Asian markets retreat on US rate concerns, oil rallies after attack
Economy
by  AFP

Most equities fell Wednesday on lingering worries about the outlook for US interest rates, while oil prices extended their rally after an attack on a ship in the Red Sea stoked fresh worries about supplies from the Middle East. Oil prices rose again on geopolitical concerns after a bulk carrier was attacked in the Red Sea, a key waterway for shipping and particularly crude.

'Two Mexicos' prepare to vote amid economic divide
'Two Mexicos' prepare to vote amid economic divide
Economy
by  AFP

One runs an aerospace parts maker, the other works in a restaurant near a major new oil refinery -- both women will vote in Mexican elections this weekend, but they could be from different countries. When the refinery was under construction, the restaurant where she works benefited from the arrival of hundreds of construction workers.

IMF lifts China's 2024 growth forecast to 5%
IMF lifts China's 2024 growth forecast to 5%
Economy
by  AFP

The International Monetary Fund on Wednesday raised its 2024 growth forecast for China to five percent, citing recent policy moves by Beijing to boost its struggling economy. The IMF on Wednesday welcomed official steps in recent weeks to boost the housing market.

Exxon plays hardball against climate NGOs. Will investors care?
Exxon plays hardball against climate NGOs. Will investors care?
Economy
by  AFP

ExxonMobil investors will have a chance to weigh in at Wednesday's annual meeting on the company's hardball approach to the latest shareholder challenge from environmentalists over climate change. ExxonMobil argued that the proposal was the same as one rejected by nearly 90 percent of company shareholders at the 2023 meeting.