XML Market News

Australia's Scrapped Iron-Ore Inquiry Fires Up Debate Over Output

published about 6 hours ago
Australia’s decision to reject an inquiry into the iron-ore market has stirred up a bitter debate over the industry’s relentless output expansion, despite sinking prices.

Ruling party seen winning Ethiopian vote, opposition says supporters harassed

published about 7 hours ago
Ruling party seen winning Ethiopian vote, opposition says supporters harassed
By Drazen Jorgic and Aaron Maasho ADDIS ABABA (Reuters) - Ethiopians voted on Sunday in a parliamentary election that is expected to hand a landslide win to the ruling party, which boasts about delivering strong economic growth, while opponents complained that their supporters were harassed. In power for almost a quarter of a century, the Ethiopian People's Revolutionary Democratic Front (EPRDF) has overseen the transformation of a nation that was on its knees after communist purges and famine to one ... more

Ruling party seen winning as Ethiopians vote, opponents complain

published about 9 hours ago
Ruling party seen winning as Ethiopians vote, opponents complain
By Drazen Jorgic and Aaron Maasho ADDIS ABABA (Reuters) - Ethiopians voted on Sunday in a parliamentary election that is expected to hand a landslide win to the ruling party, which boasts about delivering strong economic growth while opponents say it has trampled on political freedoms.     In power for almost a quarter of a century, the Ethiopian People's Revolutionary Democratic Front (EPRDF) has overseen the transformation of a nation that was on its knees after communist purges and ... more

Brazil autoworkers fearful of future amid sales slump

published about 15 hours ago
Brazil autoworkers fearful of future amid sales slump
São Bernardo do Campo (Brazil) (AFP) - Manuel Domingos constantly fears being placed on mandatory leave, like thousands of fellow workers at an auto factory outside Sao Paulo, proof of the major downturn in Brazil's once powerful auto industry. Domingos, a 40-year-old Ford worker, spoke of a "feeling of insecurity" at the Sao Bernardo do Campo plant in the Sao Paulo suburbs. The automobile industry is mired in a slump in an economy that is in its fifth year of ... more

Uber drivers fined in Hungary

published 1 day ago
Uber drivers fined in Hungary
The Hungarian tax authority fined Uber drivers in its first probe against the ride-sharing service which the economy ministry said Saturday "ignores passenger safety" and must be made to follow regulations. The taxmen used Uber services randomly and said they found several irregularities: drivers did not have tax numbers, nor did they give receipts after the ride, and they did not possess taxi licenses. The authorities vowed "to make the company operating Uber network -- which drains the budget and ... more