Australia

J&J bankruptcy bid fails in Supreme Court, advocates say

J&J bankruptcy bid fails in Supreme Court, advocates say

Johnson & Johnson’s third effort to end lawsuits claiming its baby powder caused cancer in thousands of women should be dismissed because violates U.S. Supreme Court precedent and defeats the purpose of the U.S. bankruptcy system, creditors said in court papers. Healthcare giant can’t force women with ovarian cancer to join proposed $8 billion settlementunder ...

Traders need new playbook in stock market due to rate cuts

Traders need new playbook in stock market due to rate cuts

Wall Street traders face a unique challenge when betting on the stock market now that the Federal Reserve has started cutting interest rates: history is no longer a guide. The classic strategy for when rates fall is to buy stocks in sectors considered defensive because their demand is impervious to economic conditions, such as consumer ...

General Motors plans to lay off two-thirds of its workers at its Kansas factory

General Motors plans to lay off two-thirds of its workers at its Kansas factory

General Motors Co. said it will temporarily lay off two-thirds of the workers at its Fairfax Assembly Plant in Kansas. as it prepares facilities to begin production of the next Chevrolet Bolt model. “GM is investing approximately $390 million in our Fairfax Assembly Plant to add production of the new Chevrolet Bolt EV,” GM said ...

The Bar Association demands that pensions be fair for alternative mutualists

The Bar Association demands that pensions be fair for alternative mutualists

The first in-person plenary session of the General Council of the Spanish Bar Association (CGAE) unanimously approved a statement demanding fair pensions for alternative mutualists. This little-known social security system involves approximately 200,000 self-employed workers and qualified professionals in liberal activities, such as lawyers, engineers and doctors, who seek financial security in their old age. ...

Venezuelan prosecutor Tarek Saab issues arrest warrant for Argentina's president

Venezuelan prosecutor Tarek Saab issues arrest warrant for Argentina’s president

Venezuela’s Attorney General Tarek Saab said that arrest warrants are being processed against the President of Argentina, Javier Milei; Secretary General of the Presidency of Argentina, Karina Milei; and Minister of Security, Patricia Bullrich. He also indicated that it was ordered “the assignment of two prosecutors specialized in the matter to carry out the arrest.” ...

The Argentine government has limited travel expenses for officials traveling abroad

The Argentine government has limited travel expenses for officials traveling abroad

Javier Milei’s Government modified the travel allowance regime for officials traveling abroad for official reasons and introduced a series of controls to limit their spending. The measure was made official through administrative decision 888/2024, published this Wednesday in the Official Gazette, signed by the Chief of Staff, Guillermo Francos. “Transfers to carry out official missions ...

Germany has stopped approving exports of war weapons to Israel

Germany has stopped approving exports of war weapons to Israel

Germany has restricted new exports of weapons of war to Israel while addressing judicial challengesaccording to a Reuters data analysis and a source close to the Ministry of Economy. A source close to the ministry quoted a senior official of the Government saying that it had stopped working on approving export licenses for arms to ...

These are the sectors that expect to have more employees in the last quarter of 2024

These are the sectors that expect to have more employees in the last quarter of 2024

The last quarter of each year always has high demand in most sectors.This is due to the different festivities that are celebrated, in addition to having a high demand for goods and services. ManpowerGroup Panama decided to survey 200 employers to find out about the employment expectations in the Central American country. This resulted in ...

Spain revises upwards its 2021-2023 growth despite rate hikes and inflation

Spain revises upwards its 2021-2023 growth despite rate hikes and inflation

Spain revised upwards its annual economic growth for the 2021-2022 period on Wednesday3, showing the resilience of the eurozone’s fourth-largest economy to ECB interest rate hikes and inflation and outperforming its regional neighbours. After computing the final data, the National Institute of Statistics of Spain, INE, He said the country’s gross domestic product expanded 2.7 ...

TikTok faces tough questions from court over its rejection of US law

TikTok faces tough questions from court over its rejection of US law

A lawyer for TikTok and its Chinese parent company ByteDance faced tough questions in a U.S. appeals court on Monday as they argued their lawsuit to block a law that could ban the short-form video app used by 170 million Americans. A three-judge panel of the U.S. Court of Appeals for the District of Columbia ...