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H&M began a collective layoff plan in Spain and is preparing to close 28 stores

H&M began a collective layoff plan in Spain and is preparing to close 28 stores

H&M announced the opening of a collective dismissal procedure in Spain for organizational and economic reasons that will lead to the closure of 28 stores and affect 588 workersas reported by Ccoo in a statement. Specifically, the union has reported that the fashion firm has presented this staff adjustment for organizational, productive and economic reasons ...

The first nitrogen execution in US history was carried out in Alabama

The first nitrogen execution in US history was carried out in Alabama

The second time was the charm. Alabama executed Thursday afternoon Kenneth Eugene Smith, a man sentenced to death for the murder of a pastor’s wife in March 1988. The southern state had already tried to end the prisoner’s life in November 2022 with a lethal injection, but they gave up when they could not find ...

The economists who from now on will lead the Council of the Central Bank in Chile

The economists who from now on will lead the Council of the Central Bank in Chile

Financial Diary – Santiago The year begins with changes among those who have the responsibility of taking care of the monetary policy of Chileans. The Board of the Central Bank unanimously appointed Stephany Griffith-Jones as the entity’s new vice president, replacing Pablo García. Griffith-Jones will hold her new position until December 24, 2025, the date ...

Fox to face new $2.7 billion defamation lawsuit from Smartmatic

Fox to face new $2.7 billion defamation lawsuit from Smartmatic

Fox was ordered to face a US$2.7 billion defamation lawsuit brought by Smartmatic Corp.one of two election technology companies falsely accused on Fox News of rigging the 2020 US presidential election. Wednesday’s decision by a New York state judge is the latest setback for Fox after the media giant agreed in April to pay $788 ...

Socialist Party of Venezuela confirmed Maduro as its candidate in elections

Socialist Party of Venezuela confirmed Maduro as its candidate in elections

Nicolás Maduro will run for a third consecutive term as president of Venezuelaannounced the president of the National Assembly, ruling out other socialist candidates Maduro, 60, will carry the flag of the ruling United Socialist Party of Venezuela in the elections, Jorge Rodríguez told lawmakers on Thursday. The electoral authority has not yet set a ...

3M company suffers its biggest drop in almost five years due to disappointing prospects

3M company suffers its biggest drop in almost five years due to disappointing prospects

3M Co. recorded its biggest drop in almost five years after announcing sales and profit targets for 2024 below Wall Street expectations, suggesting that investors are losing faith that the largest restructuring effort in history of the company can lead it to better times. The consumer and industrial products maker said adjusted earnings will not ...

Portugal leads the ranking of the best countries to apply for residency by investment

Portugal leads the ranking of the best countries to apply for residency by investment

In order to promote foreign investment, countries have different strategies to attract the greatest amount of economic resources from abroad: this is how it appears, paying as an investor and achieving citizenship. These strategies are usually subject to the fiscal restrictions that the State offers, the possible barriers that people have depending on the passport ...

Sweden advances in its accession to NATO, Turkey's Parliament approved the candidacy

Sweden advances in its accession to NATO, Turkey’s Parliament approved the candidacy

The Turkish Parliament approved Sweden’s accession to NATO after months of deliberations, leaving Hungary as the only country that opposes the expansion of the defense alliance to the north.The plenary session of Parliament in Ankara voted on Tuesday 287 votes in favor and 55 against Sweden’s request, sending the document back to President Recep Tayyip ...

AFP funds in Peru could yield double digits, according to Diego Marrero of Habitat

AFP funds in Peru could yield double digits, according to Diego Marrero of Habitat

The funds of members of the Private Pension System (SPP) ended 2023 in blue. Fund 1 offered a return of 16% per year, on average; followed by fund 2 with 9.9% and fund 3 with 5.18%, according to data from the Superintendence of Banking, Insurance and AFP (SBS). The investment manager of AFP Habitat, Diego ...

Peru does not have sufficient resources to "rescue" its state oil company

Peru does not have sufficient resources to “rescue” its state oil company

Peru will not rescue the state oil company in difficulties Petróleos del Perú SA, the country’s chief of staff said on Sunday following its request for a US$2 billion rescue package. “There is not going to be fresh money, capitalization in favor of Petroperú (…) “The decision is due to a very simple reason, that ...