Emergency call services and telecom companies urge the EU to protect telecom networks from power outages

MILAN/STOCKHOLM/PARIS (Reuters) – Europe’s top telecoms companies and an emergency services lobby on Monday urged Brussels to protect mobile and fixed-line networks from power outages, a letter seen by Reuters showed, as fears grew about the loss of communications. networks during widespread power outages. Europe is facing potential power rationing and blackouts in the aftermath … Read more

“We are not your enemies,” said South Korean truck drivers who are on strike to protect the minimum wage

AUWANG, South Korea, Dec. 5 (Reuters) – Inside five white tents outside the Uwang Container Depot near Seoul, about 200 striking truck drivers are huddled around gas heaters, trying to beat the bitter cold and the government says they are well-paid. “The labor aristocracy…” They are all fully aware of the impact their strike has … Read more

The global oil market points to short-term weakness ahead of the EU embargo on Russian oil

NEW YORK (Reuters) – The global oil market is signaling a possible turnaround, as traders and analysts worry about lower demand for crude and an oversupply market in the coming months. After months of strength, crude oil futures are tipping to lows not seen all year as top oil consumer China enters additional COVID-19 lockdowns … Read more

Younger Chinese are rejecting the factory jobs that underpin the economy

SHENZHEN (Reuters) – Growing up in a Chinese village, Julian Zhou only saw his father a few times a year when he returned for a break from his grueling job at a textile factory in the southern province of Guangdong. For his father’s generation, working in factories was a lifeline out of rural poverty. For … Read more

Ukraine’s Kherson races to restore energy and water after Russia’s withdrawal

The main infrastructure in Kherson was mined by the Russian ruler The humanitarian situation in Kherson is “extremely difficult” – official The authorities are working to restore vital services Joy mixes with concerns about water and energy for Kherson residents Fighting rages in Donetsk and eastern Luhansk regions Kherson, Ukraine (Reuters) – Public utilities companies … Read more

Analysis: Money Before Climate. The downturn in the market spurred the emigration of the ESG Fund

NEW YORK/BOOSTON, Nov. 11 (Reuters) – ESG funds have been hit by unprecedented outflows in a market downturn, as investors prioritize preserving capital over goals such as tackling climate change. The ESG, a rating applied to financing assets currently valued at $6.5 trillion, is being tested by a drop in market values ​​fueled by concerns … Read more

FTX seeks $9.4 billion in rescue funds, Bahamas freezes some assets

(Reuters) – FTX is scrambling to raise about $9.4 billion from investors and competitors, a source said on Thursday, as CEO Sam Bankman Fried urgently seeks to rescue a cryptocurrency exchange that has been hit hard by customer withdrawals. Bankman-Fried has discussed raising $1 billion each for Tron founder Justin Sun, rival exchange OKX and … Read more