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Success and setbacks: 100 days of Argentina's Milei
Success and setbacks: 100 days of Argentina's Milei
Economy
by  AFP

Argentina's President Javier Milei has slashed public spending but 100 days into his presidency social tensions are simmering and he is still battling to pass his flagship economic reforms. His party is a minority in Congress, and rivals have repeatedly beaten back his flagship reforms.

US finalizes ban on last form of asbestos in use
US finalizes ban on last form of asbestos in use
Economy
by  AFP

President Joe Biden's administration on Monday finalized a rule banning the last remaining form of asbestos in the United States, half a century after the government first targeted the cancer-causing mineral. Asbestos in oilfield brake blocks and aftermarket automotive brakes and linings will be banned six months after the rule is finalized.

Tata Steel brings forward UK coke ovens closure
Tata Steel brings forward UK coke ovens closure
Economy
by  AFP

Indian-owned Tata Steel UK said Monday that it would shut down coke ovens at its Port Talbot steelworks in south Wales starting this week -- months earlier than previously announced. Tata had said in January that it was planning to shut the coke ovens and two high-emission blast furnaces in Port Talbot, the biggest steelworks in the UK, leading to the loss of up to 2,800 jobs in the Welsh town.